Market Research Report
Portable Air Compressor Market Size By Technology, By Lubrication, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
|Published by||Global Market Insights Inc.||Product code||942669|
|Published||Content info||325 Pages
Delivery time: 2-3 business days
|Portable Air Compressor Market Size By Technology, By Lubrication, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026|
|Published: June 8, 2020||Content info: 325 Pages||
Portable Air Compressor Market Size By Technology (Rotary [Screw, Scroll], Reciprocating, Centrifugal), By Lubrication (Oil Free, Oil Filled), By Application (Housing applications, Food & Beverage, Oil & Gas, Energy, Semiconductors & Electronics, Manufacturing, Mining & construction, Healthcare, Municipal), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026.
The global portable air compressors market is forecast to register tremendous gains over the forthcoming years owing to an increasing product demand from a number of high-revenue industry verticals. Air compressors generally find applications across a wide variety of environments, for carrying out a wider variety of tasks. Air compressors can power a plethora of different equipment through their workhorse capacities and high-pressure outputs.
The ability of air compressors to facilitate different equipment and operations is the primary determinant that is expected to drive its demand in coming years. Among air compressors, the portable compressors boast of a higher consumer demand owing to their portable nature, which allows them to be readily available.
Today, portable air compressors are used for numerous purposes, ranging from powering pumps, pneumatic tools, pipes, to commonplace household appliances. Portable air compressors are also specifically used to improve speed and efficiency, within a lesser amount of time than other types of compressors. This places portable air compressors higher than their counterparts, ensuring significant market growth in the process.
The overall portable air compressors market is bifurcated into different segments such as technology, lubrication, application, and regional landscape.
In terms of application, portable air compressors are further divided in terms of home appliances, oil & gas, food & beverage, semiconductor & electronics, energy, healthcare, manufacturing, municipal, mining & construction, and others.
Among these, Home appliances held around 4% of the volume share of the overall market in 2019. Availability of newer varieties for specific household appliances is expected to spur demand over the coming years.
In this segment portable air compressors run equipment such as the small desktop air compressors that are used to clean the keyboard of an airbrush that is used to paint surfaces. Home based portable air compressors are often small enough to be easily moved or wheeled around, making their use and operation tremendously easy. The ability to carry out numerous maintenance or renovation tasks provided by these to an average home-owner is what is driving its demand in the industry.
The market is also slated to witness a respectable amount of growth from the energy segment. In fact, the Energy segment held a market share of 6% in 2019 and is projected to grow at an impressive CAGR of more than 3.4% over the forecast timeframe.
From a regional reference frame, the Middle East & Africa portable air compressors market is projected to exhibit a CAGR of over 3.9% through the analysis period owing to the region's strong economy, growing exports, and increasing consumer markets.