Oil filled compressors are anticipated to be the foremost lubrication system The increasing demand for home appliances in the evolving economies, such as India, China, and Brazil, will enhance stationary compressor market growth through 2027. Heavy growth in the Asia Pacific automotive industry will steer this segment’s growth. The stationary compressors are capable of delivering higher air pressures when compared to the portable ones. These are used in plants and industries where mobility of the compressor is not required. Stationary industrial air compressors of smaller and medium sizes are widely used in refrigerators, air conditioners, and automobiles, while large types are operated in industrial and manufacturing applications. The stationary segment covers a wide product range, such as large and medium capacity industrial air compressors, used in various manufacturing facilities and warehouses. Stationary compressors are anticipated to control the product segment with over 80% market share in 2027. Stationary compressors are predicted to garner the highest market share The market is expected to lose around 24,731.03 USD million during the forecast timeframe owing to adverse impacts on the product demand. In terms of revenue, companies collectively lost 2,748.89 USD million in 2020. Industrial compressor manufacturers witnessed a rapid demand drop in major end-user markets due to the COVID-19 pandemic. Government regulations and guidelines, such as social distancing & lockdowns, brought the manufacturing facilities to a standstill, derailing the entire global supply chain. The manufacturing industry around the world felt a very huge impact impelled by the ongoing COVID-19 pandemic. The COVID-19 had an unprecedented impact on every other industry around the world including the industrial compressor industry. Popularity of air compressor rental services.Strict regulations regarding the air compressor usage.Mature manufacturing industry in the U.S.Technological developments in the field of air compressors.Rapid industrial growth in Asia Pacific.Product, Technology, Power, Lubrication, Application Industrial Air Compressor Market Report Coverage Report Coverage and Europe are still the major markets for the automobile industry led by technological developments in the sector.
Even though the population is increasing at a significantly lower rate than the developing regions, the U.S. The automobile industry growth in Europe and North America will also augment the market development. The escalating automobile demand globally, especially in the Asia Pacific region, on account of increasing population, improved lifestyle, and increasing spending power of the people is likely to fuel the demand for industrial air compressors, as the product is extensively used for manufacturing in the automotive industry. Get more details on this report - Request Free Sample PDF High potential energy and healthcare industries is expected to further escalate the product demand. The rising demand for vehicles, growing oil exploration & mining activities, and development in the power & energy generation sector will progressively drive the industry growth.
Industrial Air Compressor Market size exceeded USD 12.4 billion in 2020 and the industry is projected to grow at over 5.7% from 2021 to 2027.
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