The outbreak of COVID-19 negatively impacted the air compressor market in 2020. Also, the rise in the number of COVID-19 cases due to the second wave of the outbreak has resulted in partial lockdowns in several countries. As a result, most non-essential and non-urgent industrial operations are closed temporarily. This has subsequently decreased investments in the oil and gas industry, which is expected to have an impact on the growth of the air compressors market in 2021.
The market is expected to be driven by factors such as the increased adoption of variable speed controllers, a surge in HVAC installations, and a shift to more energy-efficient compressors.
Air Compressors Market: Opportunities
The availability of favorable financing options and the reducing price of fossil fuels have led to a surge in the demand for automobiles in the global market. This has subsequently increased the use of air compressors in the automobile industry. In addition, North American countries such as the US and Canada are making significant investments in unconventional oil and gas exploration and production activities. This is expected to increase growth opportunities for market players during the forecast period.
Air Compressors Market: Segmentation by Product
Based on the segmentation by product, the market generated maximum revenue in the stationary air compressors segment in 2020. The segment is driven by the increasing demand for stationary air compressors from the manufacturing and oil and gas industries. Also, stationary compressors have higher capacities and store a greater volume of compressed air compared to portable air compressors, which is crucial in driving the growth of the segment.
Air Compressors Market: Segmentation by Geography
APAC held the largest market share in 2020 and the market growth in the region is expected to be slower compared to the growth of the market in South America. The growth of the market in APAC can be attributed to the increased demand for air compressors from the automotive and oil and gas sectors. In addition, factors such as rapid economic growth, rising disposable incomes, and increasing traffic congestion are expected to have a positive impact on the growth of the air compressors market in APAC over the forecast period.
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Air Compressors Market: Major Vendors
Atlas Copco AB
The company offers reliable air compressors such as oil-free air compressors and oil-lubricated air compressors, for all low, medium, and high-pressure applications.
Deere & Co.
The company offers a wide range of air compressors such as HR Series (Electric and Oil-Less), HR Series (Electric), Premium Serie (Gasoline), and AC Series (Gasoline, Diesel, and Electric).
Doosan Portable Power Co.
The company is involved in the manufacture of air compressors, light towers, and aftermarket services for industries such as construction, mining, water well, and others. The company offers a full range of portable air compressors from 250-1400 cfm with 100-365 psi.
KAESER KOMPRESSOREN SE
The company offers different types of reciprocating compressors including portable, stationary, oil-free, and boosters for use in construction sites, industrial applications, and small trade businesses.
Ingersoll Rand Inc
The company offers a variety of wheelbarrow, portable, and truck-mounted reciprocating compressors, centrifugal air compressors, oil-free air compressors, and oil-flooded air compressors.
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Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Stationary air compressor – Market size and forecast 2020-2025
- Portable air compressor – Market size and forecast 2020-2025
- Market opportunity by Product
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2020-2025
- North America – Market size and forecast 2020-2025
- Europe – Market size and forecast 2020-2025
- South America – Market size and forecast 2020-2025
- MEA – Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Volume drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Atlas Copco AB
- Deere & Co.
- Doosan Infracore Co. Ltd.
- General Electric Co.
- Hitachi Ltd.
- Ingersoll Rand Inc.
- KAESER KOMPRESSOREN SE
- Kobe Steel Ltd.
- Mitsubishi Heavy Industries Ltd.
- Siemens AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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