Portable Air Compressor Market trends research and projections

The portable air compressor market is projected to grow exponentially by 2027 driven by increasing technological advancements in the industry. Moreover, proliferating automobile market is likely to drive market uptake over the forecast period.
Portable air compressors are designed for easy maneuvering and transportation and have multi-functional utility ranging from industrial and construction applications to various residential and household applications. Technological innovation focused on developing portable air compressors that are suitable for rough and extreme terrains has boosted industry expansion in recent years.
Furthermore, major industry players are adopting lucrative strategies to capitalize on emerging market trends, which has positively altered the overall business outlook. For instance, in September 2021, Atlas Copco, a leading air compressors manufacturer, announced the acquisition of AEP, a France-based air compressor distributor serving customers in the food & beverage, automotive, and manufacturing industries, among others. The acquisition enabled Atlas to extend its product offerings to small- and medium-sized companies.
Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/2564
In another instance, in July 2021, Kaeser Kompressoren SE, a global machine industry company, launched a novel portable compressor dubbed Mobilair M450, specifically developed for applications such as blasting work, quarrying, and drilling. The M450 is the largest heavy-duty portable compressor in the Mobilair series and promises superior performance even in extreme environmental conditions.
The portable air compressor market has been categorized based on lubrication, application, technology, and region. Based on technology, the market has further been bifurcated into reciprocating and rotary (scroll, screw, and others). The rotary sub-segment is anticipated to dominate the overall portable air compressor market over the study timeline owing to the high efficiency and durability of rotary compressors.
Request for customization @ https://www.gminsights.com/roc/2564
In terms of lubrication, the portable air compressor market has been divided into oil-free and oil-filled. The oil-free sub-segment is foreseen to progress at a substantial pace over 2021-2027. Extensive application of portable air compressors in several industries, including food & beverage, healthcare, semiconductor & electronics, and so forth, is likely to propel segmental growth in the forthcoming years.
With respect to application, the market has been segmented into food & beverage, oil & gas, semiconductor & electronics, home appliances, manufacturing, municipal, healthcare (dental, medical, others), mining & construction, energy, and others. The manufacturing sub-segment is projected to account for around 25% of the overall portable air compressor industry by the end of the review period. Rapid industrialization and increasing economic growth of emerging nations are estimated to fuel segmental demand through 2027.
From the regional point of view, the Latin America portable air compressor market is expected to attain approximately 7% share in the overall market by the end of 2027. Prominent government efforts to promote the local manufacturing sector is set to create massive growth opportunities for companies in LATAM over the forecast timeline.