Allied Market Research published a report titled “Global Air Compressor Market (Type, Technology, Lubrication Type and Geography) - Global Opportunity Analysis and Forecast - 2013 – 2020.” The report forecast the global air compressor market to reach a figure of $29.8 billion by 2020, with a CAGR of 7.1% during the period 2014-2020.
Stationary air compressors hold the dominant market share in the overall market and would continue to have a majority share by 2020. Rotary air compressor technology would continue generating maximum revenues in the overall air compressor market by 2020.
Centrifugal air compressor is also expected to register an impressive growth rate during the study period. Asia Pacific would continue to dominate the global air compressor market during the estimated time period and LAMEA would also witness a significant growth rate during 2014-2020.
High vitality productivity, low upkeep cost, eco-accommodating operations, compactness, and capacity to convey variety in supplied weight are the key elements driving the air compressor market.
However, increasing expense of crude material, sullied compacted air, clamor contamination, massive size, and other such factors are impeding the overall market growth. The air compressor makers are presently focusing on disposing of these limitations by presenting new innovations and technology, for example, Thermoacoustic and Turbocor compressors.
In terms of lubrication, the air compressors market is divided into oiled and oil-free compressors. Oiled compressor market generated the maximum revenue in in 2013 and would continue to generate the maximum revenues by 2020. The air compressor systems in terms of mobility is segmented into portable and stationary machines. The key global players in the air compressors market are listed below:
Mitsubishi Heavy Industries Ltd.,