$21.8 Billion Worldwide Air Compressor Industry to 2027 – Featuring … – Business Wire

DUBLIN–(BUSINESS WIRE)–The “Air Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global air compressor market size reached US$ 16.84 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 21.81 Billion by 2027, exhibiting a CAGR of 4.4% during 2021-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
An air compressor is a pneumatic, mechanical device that uses kinetic energy from the compacted gasses stored in pressurized air to provide the required amount of energy to various equipment and machinery. It comprises a cylinder head, delivery valve, cooling water jacket, compressor casing, piston, crankshaft, inter and after coolers, and main bearings.
It aids in reducing disposable waste and providing continuous compression to ensure adequate transportation of fluids and gases in cooling machines. Apart from this, as it is reliable, interchangeable, easy to use, and requires less maintenance, an air compressor is used in vacuum packing, spray painting, cleaning medical equipment, and tool powering applications. At present, it is commercially available in portable and stationary product types.
The widespread adoption of air compressors across various sectors can be attributed to the increasing need for effective and affordable compressors to meet the energy and power demand and enhance their operational outputs.
In line with this, the rising purchase of multiple consumer electronics has facilitated the incorporation of air compressors in air conditioners (AC), refrigerants, steam turbines, and other electromechanical machines, which is acting as another growth-inducing factor.
Additionally, the growing environmental concerns have prompted governments of several countries to promote the uptake of air compressors over oil-based variants to mitigate noise pollution and carbon dioxide (CO2) emissions, which is supporting the market growth.
Furthermore, the shifting inclination of manufacturers toward portable air compressors due to their noise and vibration-free property and large-scale integration with variable-speed systems are contributing to the market growth. Apart from this, rapid industrialization, ongoing manufacturing and mining activities, and the extensive utilization of air compressors in the oil and gas industry to maintain the gas flow in pipelines are creating a positive outlook for the market.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global air compressor market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, technology, lubrication method, power rating and end user.
Breakup by Type:
Breakup by Technology:
Breakup by Lubrication Method:
Breakup by Power Rating:
Breakup by End User:
Breakup by Region:
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/q59r8y
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

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