Covid-19 Impact on Air Compressors Market:
The intensity of COVID-19 impact on the construction and manufacturing sector is immense compared to other sectors. With the immediate actions taken to curb the spread of the infection, restrictions were imposed on manufacturing, personnel transport, and construction activities. These restrictions caused huge losses to the sector. As most construction sites in several countries shut down and many sites that reopened have faced disrupted supply chains and operational restrictions. A recently published stats show the overall construction and manufacturing industry is about to drop by 15 to 35% which is going to directly affect nations GDP.
Air Compressor Market Overview
High demand from food & beverage market, largely due to strict guidelines on health & food safety, is expected to drive market. The heavy investments in oil and gas exploration activities in Middle Eastern and the North American countries are further expected to have positive impact on the market growth.
Effective operation at lower costs, low maintenance, retrofitting of current systems, and rising adoption of the variable-speed systems are some of the other factors driving the product demand across the key end-use industries. The energy-efficient compressors are observing high demand owed to the cost-effective operations. For instance, governments of numerous economies have presented stringent norms for the gaseous emissions, that has eventually increased demand for energy-efficient equipment.
The manufacturers are developing low-maintenance and eco-friendly systems to encourage the end-users to opt for these next-generation products. Firms, such as Ingersoll Rand, Inc. and Atlas Copco have been developing the next-generation systems with the high-performance capabilities to distinguish their products in such highly competitive market. Some of features presented by the products include condensed noise levels and the augmented efficiency. For illustration, in Feb 2019, the company named Allmand Bros., Inc., manufacturer of high-performance moveable job site equipment, launched the mobile generators and portable air compressors at ARA Show in California.
Air Compressor Market Segment Overview
The portable compressors segment commanded the major market share of over 40% of total revenue share in the 2019 and is anticipated to increase further at highest CAGR during the forecast period. These portable products are usually used in mining and construction activities. They are reliable power source for the tools and machines in construction industry and for numerous other industrial applications. Furthermore, they are easy to handle and entail less maintenance, which has further driven their demand in the low-duty applications as well.
On the other hand, stationary segment is predictable to witness comparatively slower growth owing to special installation considerations involved in mounting process of the systems. These air compressors are mostly used in the manufacturing processes. In oil & gas sector, these are used to operate the pneumatic equipment used for the pipeline transportation, oil withdrawal and refining, and other processes.
Air Compressor Regional Overview
Asia Pacific reported for over 31% of air compressor market share in 2019 owed to augmented spending on the industrialization and infrastructure growth. The market is propelled by demand from numerous applications, such as manufacturing, home appliances, food & beverage, and the oil & gas industries. Presence of number of manufacturers of the screw compressors in countries such as China and India and large industrial base for the electronics and semiconductor manufacturing in Taiwan and China are projected to drive market further.
Demand for the low-power output compressors is growing in electronics and semiconductor industry to handle the delicate electronic components and the printed circuit boards. Therefore, growing number of electronics manufacturing services in APAC is enhancing the market growth. Europe and North America markets are expected to experience moderately sluggish growth. Though, increased investments in Eastern European region are anticipated to boost demand for the industrial compressors. Furthermore, several re-initiated projects in recovering economies of the region are propelling demand for the centrifugal compressors.
Air Compressor Market Competitor overview
Companies focus on increasing the product portfolio to gain larger market share. For illustration, in May 2016, company named Sullair LLC, launched 2 updated Tier 4 last emissions compliant moveable air compressors. The better systems are efficiently designed, serviceable, and provide high range of pressure, permitting better flexibility on the job locations. Market players are also implementing other strategies, inlcuding M&A and collaborations, to strengthen the position in global market. For illustration, Atlas Copco lately acquired number of companies such as Mobilaris MCE AB, Pressure Compressor, and Glauber Equipment.
Air Compressor Market, Key Players
• AireTex Compressor
• Atlas Copco
• Bauer Group
• Cook Compression
• BelAire Compressors
• Compressor Products International (CPI)
• Frank Compressors
• Gast Manufacturing, Inc.
• Galaxy Auto Service Equipment Co. Ltd.
• GENERAL ELECTRIC
• Ingersoll Rand Plc
• Kaeser Compressors
• MAT Industries, LLC
• Sullair LLC
Air Compressor Market Segmentation
Air Compressor Market, By Type
Air Compressor Market, By Lubrication
Air Compressor Market, By Application
Air Compressors market, By Region:
The intensity of COVID-19 impact on the construction and manufacturing sector is immense compared to other sectors. With the immediate actions taken to curb the spread of the infection, restrictions were imposed on manufacturing, personnel transport, and construction activities. These restrictions caused huge losses to the sector. As most construction sites in several countries shut down and many sites that reopened have faced disrupted supply chains and operational restrictions. A recently published stats show the overall construction and manufacturing industry is about to drop by 15 to 35% which is going to directly affect nations GDP.
Air Compressor Market Overview
High demand from food & beverage market, largely due to strict guidelines on health & food safety, is expected to drive market. The heavy investments in oil and gas exploration activities in Middle Eastern and the North American countries are further expected to have positive impact on the market growth.
Effective operation at lower costs, low maintenance, retrofitting of current systems, and rising adoption of the variable-speed systems are some of the other factors driving the product demand across the key end-use industries. The energy-efficient compressors are observing high demand owed to the cost-effective operations. For instance, governments of numerous economies have presented stringent norms for the gaseous emissions, that has eventually increased demand for energy-efficient equipment.
The manufacturers are developing low-maintenance and eco-friendly systems to encourage the end-users to opt for these next-generation products. Firms, such as Ingersoll Rand, Inc. and Atlas Copco have been developing the next-generation systems with the high-performance capabilities to distinguish their products in such highly competitive market. Some of features presented by the products include condensed noise levels and the augmented efficiency. For illustration, in Feb 2019, the company named Allmand Bros., Inc., manufacturer of high-performance moveable job site equipment, launched the mobile generators and portable air compressors at ARA Show in California.
Air Compressor Market Segment Overview
The portable compressors segment commanded the major market share of over 40% of total revenue share in the 2019 and is anticipated to increase further at highest CAGR during the forecast period. These portable products are usually used in mining and construction activities. They are reliable power source for the tools and machines in construction industry and for numerous other industrial applications. Furthermore, they are easy to handle and entail less maintenance, which has further driven their demand in the low-duty applications as well.
On the other hand, stationary segment is predictable to witness comparatively slower growth owing to special installation considerations involved in mounting process of the systems. These air compressors are mostly used in the manufacturing processes. In oil & gas sector, these are used to operate the pneumatic equipment used for the pipeline transportation, oil withdrawal and refining, and other processes.
Air Compressor Regional Overview
Asia Pacific reported for over 31% of air compressor market share in 2019 owed to augmented spending on the industrialization and infrastructure growth. The market is propelled by demand from numerous applications, such as manufacturing, home appliances, food & beverage, and the oil & gas industries. Presence of number of manufacturers of the screw compressors in countries such as China and India and large industrial base for the electronics and semiconductor manufacturing in Taiwan and China are projected to drive market further.
Demand for the low-power output compressors is growing in electronics and semiconductor industry to handle the delicate electronic components and the printed circuit boards. Therefore, growing number of electronics manufacturing services in APAC is enhancing the market growth. Europe and North America markets are expected to experience moderately sluggish growth. Though, increased investments in Eastern European region are anticipated to boost demand for the industrial compressors. Furthermore, several re-initiated projects in recovering economies of the region are propelling demand for the centrifugal compressors.
Air Compressor Market Competitor overview
Companies focus on increasing the product portfolio to gain larger market share. For illustration, in May 2016, company named Sullair LLC, launched 2 updated Tier 4 last emissions compliant moveable air compressors. The better systems are efficiently designed, serviceable, and provide high range of pressure, permitting better flexibility on the job locations. Market players are also implementing other strategies, inlcuding M&A and collaborations, to strengthen the position in global market. For illustration, Atlas Copco lately acquired number of companies such as Mobilaris MCE AB, Pressure Compressor, and Glauber Equipment.
Air Compressor Market, Key Players
• AireTex Compressor
• Atlas Copco
• Bauer Group
• Cook Compression
• BelAire Compressors
• Compressor Products International (CPI)
• Frank Compressors
• Gast Manufacturing, Inc.
• Galaxy Auto Service Equipment Co. Ltd.
• GENERAL ELECTRIC
• Ingersoll Rand Plc
• Kaeser Compressors
• MAT Industries, LLC
• Sullair LLC
Air Compressor Market Segmentation
Air Compressor Market, By Type
• Portable
• Stationary
Air Compressor Market, By Product• Reciprocating/Piston
• Rotary/Screw
• Centrifugal
Air Compressor Market, By Lubrication
• Oil-Filled
• Oil-Free
Air Compressor Market, By Application
• Manufacturing
• Semiconductors & Electronics
• Food & Beverage
• Healthcare/ Medical
• Home Appliances
• Energy
• Oil & Gas
• Others
Air Compressors market, By Region:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Air Compressors Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Air Compressors Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Air Compressors Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Air Compressors Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Air Compressors Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Air Compressors Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Air Compressors Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
