The global top air compressor market is anticipated to hit $37 Million marks by 2022. This is according to a report by the grand view Research Inc, a reputable market research company. The advancement of the compressor technology has been promoted by increased awareness on energy expenditure savings and expansion of industrialization.
For the next five years, the availability of energy efficient air compressors, which help to facilitate gas transfer processes for various industrial and non-industrial activities is anticipated to push demand for air compressors further forward. This technological advancement works towards reducing noise and air contamination levels in the particular industries where the compressors are used.
Components Of The Global Air Compressor Market
The global air compressor market is mostly made up of movable and stationary products. The convenience that’s associated with the ease of handling portable air compressors has taken its adoption in low duty application to a whole new level. Because they have highly durable parts, the compressors require minimal maintenance. As it was in the last few years, the stationary part of the compressors will account for more than 55% of the top air compressor markets across the globe in the next five (5) years.
Moreover, there has been an unprecedented growth in the global food and beverage industry in recent years, and this has played a huge role growing the sales of the air compressors worldwide. For instance, there is the need for quality compressed air processes such as dehydration and packaging.
This rising demand for diesel, gasoline and other fuels has helped to push the establishment of petrochemical plants in many parts of the world. It’s estimated that the Asia Pacific region and Brazil are among the areas of the globe that will contribute a bigger percentage of the growth in air compressor market.
Compressor dealers are putting more emphasis on top air compressors that guarantee superior levels of energy efficiency, while also aiming to sustain their profits by providing high-capacity options to various industries as oil and gas, food and beverage, energy and health care among others.
Moreover, replacement demand is a major component of the global compressor market. With more compressors in the market, there will be a huge demand for replacement parts. This growing demand is expected to be a key driver in the compressor industry since old equipment undergoes retrofits, parts replacements, and substitution with new technology or complete overhauls.
Fast-growing demand for gas and oil based projects, which include infrastructure desalination, petrochemicals and power are expected to be one of the key factors that will drive the air compressor market to a higher level.
It’s anticipated that home appliance market in emerging regions in the globe is expected to drive the growth of the air compressor industry over the next three or four years. Moreover, it’s envisioned that regulatory government agencies will tighten regulations regarding carbon emissions, and this will increase the demand for clean air compressors.
What air compressor buyers want
Top air compressor buyers will be on the lookout for compressors that offer high capacity air compression, cost savings, and efficiency. They want options that are less costly to maintain. No matter