Market Revenue Air Compressor Market Revenue By 2022

Air Compressor Market Availability of Substitute Products,
Applications By 2022
“Air Compressor Market size is expected to reach $37 billion by 2022 owing to
the growing awareness on energy saving and increasing industrialization.
These devices supply gas for various industrial and non-industrial activities
and are used for transporting.”
The global Air Compressor Market size is expected to reach $37 billion by 2022 owing to the growing awareness
on energy saving and increasing industrialization. These devices supply gas for various industrial and non-
industrial activities and are used for transporting and compressing of gas in the oil & gas industry. They are
widely used in various other end-use industries such as automobile, chemical plants, transport, pharmaceuticals
and oil extraction.
Development of energy-efficient air compressors are preferred by numerous industries, air contamination due
to oil lubrication and noisy operations of oil-free compressors are limiting the adoption of these devices.
Innovation in technology is leading to the higher adoption of air compressors especially in emerging economies.
Air compressor market is segmented on the basis of product design, mobility and lubrication method. On the
basis of design of the product it is classified as centrifugal, rotary and reciprocating. Centrifugal air compressor
is anticipated to have a significant growth owing to demand in industries such as power generation, automobile
and others. Factors driving the centrifugal compressor growth include delivering optimal and constant flow of
air pressure.The mobility segment includes stationary and portable air compressor. Portable air compressor
segment is expected to increase during the forecast period owing to increasing end-user demand for enhanced
air quality and reliability. On the basis of lubrication, it is classified as oil lubricated and oil free air compressor.
Oil free compressors are expected to receive demand from industries such as metal and mining, electronic
assembling, infrastructure, pharmaceuticals and food & beverage.
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