Submitted by: Submitted by vasu123
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Category: Business and Industry
Date Submitted: 10/07/2015 11:31 PM
Global Air Compressor Market Size Is Expected To Exceed USD 28 Billion
By 2022
The global air compressor market size is expected to exceed USD 28 billion by 2022, with
estimated CAGR of over 5%. Energy efficient & eco-friendly operations coupled with low
maintenance costs are vital factors expected to drive air compressor market over the next seven
years. Portability and increasing demand from various industry sectors such as semi-conductors
& electronics may have considerable impact on demand.
Expeditious industrialization paired with increasing demand from food and beverage industry
owing to directives on the food safety concerns is estimated to contribute to demand growth.
However; noise pollution, rising cost, hefty size and air contamination are some of the restraints
impacting demand of the product. Introduction of new technologies namely turbocor &
thermoacoustic are expected to overcome the restraints and thus provide huge market potential to
the industry participants.
Browse the full “Air Compressor Market” Report at:
http://www.radiantinsights.com/research/air-compressor-market
The air compressor market can be segmented by product as stationary and portable. Increasing
portable compressors demand is expected to drive the market owing to their significant use in
various segments namely laboratory, construction and pharmaceuticals. On the basis of
lubrication the product can be segmented into oil filled and oil free.
Oil filled compressors are likely to generate highest revenues, owing to its wide scale
applications in colossal industries namely mining, petroleum and automobile. However; oil free
compressors are expected to penetrate the market at a great extent owing to performance
improvement and productivity.
Based on technology, the market can be segmented in to reciprocating, rotary, and centrifugal.
Rotary systems are further segregated into screw, rotary helical & rotary sliding vane and these
are estimated to be the highest revenue generating...