Portable Air Compressor Market to 2026 - Future Projections and Geographical Analysis
Category: #business  By Rahul Varpe  Date: 2020-10-14
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Portable Air Compressor Market to 2026 - Future Projections and Geographical Analysis

Surge in production of home appliances and automobiles along with noteworthy developments in the manufacturing and construction sector could stimulate the demand for portable air compressors. Countries like Japan, the U.S., and India are launching supportive policies to expand their manufacturing sectors. The portable air compressor market might reach USD 8 billion by the end of 2026.

The portable air compressor market is set to record noteworthy growth on the basis of increasing usage of modern air compressors that deliver reliable and quality performance. Along with modern functionalities, industrial units are looking for energy efficient devices that provide lower cost of ownership.

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Latin America is considered to be a lucrative ground for portable air compressor market. In 2019, the regional market was worth more than USD 865 million. This growth can be attributed to rapid expansion activities across healthcare facilities that use portable air compressors for a broad variety of applications.

Some of these applications include supplying oxygen to patients, autoclaves and sterilizing, hospital headwalls, patient simulators, adjusting hospital beds and seats, chiropractic & physiotherapy tables, pumping of bandages, and air or vacuum aspirators.

Slated below are a few of the ongoing trends advancing portable air compressor market size:

1) Implementation of key business strategies -

Companies operating in the portable air compressor market include Atlas Copco, Gardner Denver, Inc., Sullair, LLC, Kaeser Kompressoren SE, Rolair Systems, Ingersoll-Rand plc, Doosan Portable Power, and Sullivan-Palatek, Inc. These firms are emphasizing on developing new energy-efficient compressors that comply with major federal regulations. They are also looking to form strategic alliances by extending their product lineup. Back in December 2019, Doosan Bobcat released two new compressor variants built on Volvo Penta engines at EXCON 2019.

2) Oil-free portable air compressors gaining traction -

Oil-free portable air compressors are mainly used in sectors like food & beverage, electronics, and healthcare, where the presence of oil particles in compressed air can lead to catastrophic events. Estimate says that the oil-free segment is expected to register more than 4.5% CAGR within the predicted timeframe.

These compressors play a pivotal role in electronics industries where cleanliness of semiconductors, ICs, and complex chips are the top-most priority. Oil contamination in automated instruments and control equipment like actuators, high precision sensors, relays, and thermostats can interrupt production activities and cause undesirable losses.

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As a result, industry players are working on developing advanced compressors that can easily minimize such risks. Citing an instance, in October 2018, ELGi Equipments revealed its new range of oil-free air-compressors that come in 100 horsepower and 60 horsepower variants along with 8.8 and 7 Bar pressure options.

 

 

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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