Portable Air Compressor Market for oil free segment to grow at a CAGR of 4.5% by 2024

Portable Air Compressor Market is largely driven by these exclusive features, which in turn is resulting in the industry growth. These features also allow the machine to reach extremes in the mining, construction, and oil & drilling activities. Demand for portable air compressors will witness high growth in North America and Europe owing to the rising oil & gas exploration, construction, and infrastructural development activities.

One of the important problems faced by people across the world is that of the noise pollution. It affects both the health and behavior of a person. Loud and unwanted noise can damage mental health and can cause sleep disturbances, hearing loss, hypertension, tinnitus, high stress levels, and other harmful effects. The louder compressors are among the reciprocating types, which can emit noise of up to 85 decibels. The rotary screw compressors are generally quieter due to the sound-proof enclosures incorporated into the design and emits lesser noise. These factors may hinder the portable air compressor market demand in future years.

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Quarrying, mining, oil & gas, and construction activities need heavy duty machines with high power which results in the usage of oil-injected air compressors on a large scale. Food & beverages, healthcare, and other such end-user industries need superior quality and minimal level of contaminated air which leads to the oil-free portable air compressor demand.

With a fragmented market there are a large number of domestic and international players present in the portable air compressor market. Some of the companies include:

  • Doosan Portable Power
  • Kaeser Kompressoren
  • Quincy Compressor
  • Belaire Compressors
  • Atlas Copco
  • Elgi Compressors
  • Gardner Denver
  • Vanair Manufacturing
  • Hubei Teweite Power
  • Ingersoll-Rand
  • Sullair
  • Sullivan-Palatek
  • Rolair Systems

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Considering applications, manufacturing segment holds the maximum share in the global portable air compressor market. The segment is said to comfortably surpass USD 4 billion by the end of 2024. Several federal law provisions intend to support manufacturing in the U.S. Increasing manufacturing activities in the U.S. coupled with governmental support will drive the market in the future.

Other minor end-user industries include water treatment, entertainment, agriculture, etc. Mexico oil-filled portable air compressor market is said to surpass USD 250 million by 2024 owing to huge manufacturing of refrigerators in the country.

 

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