Industry Background:
An air compressor is a tool that converts power into the potential energy stored in compressed air using an electric motor, diesel or gasoline engine. The air compressor creates and moves compressed air, which under pressure, provides the force that can be used to power various other kinds of tools. There are many types of air compressors used in various industries like portable air compressors, railway air compressors, medical air compressors, oil-free and oil-lubricated air compressor, etc.This growth is primarily driven by The Demand for Increased Energy Efficiency which is Cost-effective and Helps in Pollution Control
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Industrial Conglomerates sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Atlas Copco (Sweden), Ingersoll Rand (United States), Gardner Denver (United States), Sullair (United States), Kaeser Compressors (Germany), Chicago Pneumatic (United States), ELGi Equipments (India), Quincy Compressor (United States), Kobelco (Japan), Rolair Systems (United States), Doosan Portable Power (South Korea), Boge Kompressoren (Germany), Mattei (Italy), Sullivan-Palatek (United States) and Airman (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 27th May 2019, Atlas Copco announced the acquisition of French company specialized in the distribution of air compressors and solutions as well as related services. This acquisition is giving them the opportunities to increase the presence and grow in the north-west of Paris said to be an important industrial area.
On 17th December 2019, Elgi Equipments announced the acquisition of Michigan Air Solutions, one of the distributors in Michigan. This acquisition is helping in the expansion of its presence in the US and strengthening its position as a leading player in the global compressed air industry.Air Compressor market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Influencing Trend:
Increasing Use of Air Compressors From the Food and Beverages Industry and Technical Advancements in Air Compressors
Market Growth Drivers:
The Demand for Increased Energy Efficiency which is Cost-effective and Helps in Pollution Control and Increasing Demand for Heat Recovery from Various Industries
Challenges:
Technical Issues with Air Compressor
Restraints:
Stringent Regulatory Standards on Air Compressor and Problems Associated with the Maintenance of Air Compressor
Opportunities:
Surging Investments in Air Compressors
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Air Compressor Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Air Compressor Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Air Compressor players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Air Compressor Study Sheds Light on
The Air Compressor Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Air Compressor industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Air Compressor industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.