Global Market Insights, Inc. has recently added a new report on portable air compressor market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of compressor industry.
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Portable air compressor market for food & beverage application would be valued at more than USD 250 million by the end of the study period. This is owing to its high requirement of contamination free air for various purposes like product packaging, food & beverage filling equipment, nitrogen generation, mixing and movement, closing and checking devices etc. Mining & construction is another significant application segment in the portable air compressor market which would propel at a significant growth rate. The product would be an ideal fit for this application as it provides continuous air flow with less maintenance cost.
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Portable air compressor market would witness a significant progress in the upcoming years due to the advancements in the manufacturing industry. This is owing to the use of the product in various manufacturing operations as a source of energy. It is used in conveyor systems, control air tools, operations of production lines, metal finishing process, welding procedures, etc. Emerging nations like China, India, Indonesia, etc. have witnessed high manufacturing activities in the past decade. Hence, Asia Pacific would be a significant regional portable air compressor industry in the coming years.
Developments in the food & beverage industry would enhance the demand in the portable air compressor market. This is owing to its extensive usage in vending machines, packaging machines, ozone generators, bakeries etc. The product offers clean air with low maintenance cost making it apt for this industry. But problems like generation of noise pollution and limited efficiency could restrict the portable air compressor industry growth over the study period.
Browse key industry insights report, “Portable Air Compressor Market Size By Technology (Rotary [Screw, Scroll], Reciprocating), By Lubrication (Oil Free, Oil Filled), By Application (Building & Construction, Food & Beverage, Oil & Gas, Energy, Semiconductor & Electronics, Manufacturing, Healthcare [Medical, Dental], Mining & Construction, Municipal), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/portable-air-compressor-market
Reciprocating technology in the portable air compressor market would attain a revenue of more than USD 800 million over the forecast timeframe owing to its cost effectiveness. Hence, such products are suitable for small and medium sized end-users. It is known for its efficiency and low maintenance requirement. This technology uses a crankshaft-driven piston and cylinder to compress the air. Such unique properties of this segment would drive the demand in portable air compressor industry.
North America would grow at a rate of around 4% over the study period due to growing automotive and oil & gas sector in this region. U.S. has the highest share in this region due to strong presence of major product manufacturers. Increasing oil & gas exploration activities in North America will positively influence the regional portable air compressor market over the coming years.
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Major companies of the portable air compressor market are Ingersoll-Rand, Gardner Denver, Kaeser, Kompressoren, Hubei Teweite Power Technology Company, Atlas Copco, Ciasons Industrial etc.
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2. Oil-free Air Compressor Market Share Forecast, 2019-2024
https://www.gminsights.com/industry-analysis/oil-free-air-compressor-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
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Organization: Global Market Insights
Phone: 1-888-689-0688
Website: https://www.gminsights.com/industry-analysis/portable-air-compressor-market
Source: MarketersMedia
Release ID: 88901163
