Increasing Electric Air Compressor Sales Position Portable Air Compressor Market to Exceed US$ 8 Bn by 2031

2021-12-23 06:42:20 By : Ms. Wangqing Foods

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Over 20% of Portable Air Compressor Sales to be Concentrated in Building & Construction Industry

Fact.MR's latest report on portable air compressor market presents a thorough study of growth drivers, emerging trends and restraints affecting the market dynamics. It uncovers hidden opportunities across leading segments in terms of design, lubrication, driver type, application and across major regions.

NEW YORK , Dec. 8, 2021 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: As per latest Fact.MR analysis, the global portable air compressor market is projected to expand at a moderate CAGR of around 4%, surpassing US$ 8 Bn between 2021 and 2031.

Rising adoption of portable air compressors in a myriad of applications such as automotive, construction, and aerospace is the major factor driving the global portable air compressor market.

Portable air compressors offer various advantages such as low noise production, portability, cost-effectiveness and compact nature. They are being extensively used to supply compressed air on construction sites, automotive, road works and other applications where stationary compressor is not suitable.

Further, technological advancement in the design and components of portable air compressors is positively impacting the growth in the market. Manufacturers are continuously aiming at developing noiseless compressors with larger flow capacity and low-maintenance features.

Additionally, implementation of stringent government regulations to reduce carbon emission is expected to boost the sales of portable electric air compressors. Subsequently, growing inclination towards employing ecofriendly and energy efficient equipment to meet the carbon emission standards.

As per study, rising number of oil & gas projects and increasing infrastructures activities across the globe will continue to augment the demand for portable air compressors during the forecast period.

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As per Fact.MR, building & construction segment is expected to account for over 20% market share in 2021. This is attributed to the increasing adoption of portable air compressors in construction sector and the trend is likely to continue in the future.

Regionally, Asia Pacific (APAC) is anticipated to witness fastest growth on the back of expansion industrial and construction industries across China and India. Moreover, various government initiatives to develop infrastructures is supporting the growth in the market.

"Burgeoning infrastructure activities in APAC and Middle East is creating a plethora of growth opportunities within portable air compressor market. In order to capitalize, key manufacturers are aiming at innovating their products to increase their revenues," says a Fact.MR analyst

Key Takeaways from Portable Air Compressor Market Survey

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Leading players operating in the portable air compressor market are leveraging various growth strategies such as product innovation, mergers, acquisitions, collaborations and new facility establishments to gain competitive edge and expand their global footprint.

Some of the prominent players operating in the portable air compressor market profiled by Fact.MR are:

More Insights on the Global Portable Air Compressor Sales Outlook

Fact.MR provides an unbiased analysis of portable air compressor market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for portable air compressor with a detailed segmentation on the basis of:

Key Questions Covered in the Portable Air Compressor Market Outlook Report

Explore Fact.MR's Coverage on the Industrial Goods Domain –

Compressor Controllers Market Forecast - The continued expansion of a variety of industries, such as petrochemicals, chemicals and fertilizers, and others, as well as significant investments in the power and water sectors, has influenced large-scale compressor installation, ultimately stimulating demand for compressor controllers to provide better operation. The enormous expansion in oil and gas production, transmission, and storage operations will continue to boost the demand for compressor controllers.

Oil Free Air Compressor Market Scope - Oil-free air compressors do not use oil to lubricate the cylinder walls, preventing air manipulation and maintaining its purity. The oil-free air compressor market is expected to grow steadily due to rising demand in end-use industries such as electronics, manufacturing, food & beverages, oil & gas, and others that require pure and high-quality air, as oil contamination can cause product spoilage and even damage production equipment. To safeguard the safety of both manufacturing processes and end customers, various sectors have adopted demanding quality standards such as ISO 8573-1 Class Zero. As a result, demand for oil-free air compressors has increased.

Portable Compressor Market Insights - Increased use in road building sites, construction sites, and packing equipment across a wide range of industries has resulted in the growth of Portable Compressor market over the last 4-5 years. As a result of technological improvements in air compression techniques having a substantial impact on the equipment's compression capacities, the demand for portable compressors is expected to increase throughout the forecast period. Furthermore, an increase in the use of robust and energy efficient equipment is expected to drive demand for air compressors in the industry.

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