Portable air compressor and generators are a reliable power source for machines and tools mainly used in construction and mining activities as well as for various industrial applications due to their handiness in transporting the equipment . Ease in handling and low maintenance of these devices has driven adoption in lowduty applications .
Asia Pacific is expected to witness substantial growth over the forecast period on accounts of strong rail network in India and China . Latin America and MEA are expected to witness prominent growth owing to growing awareness towards eco-friendly products and changing regulatory scenario . Growing food and beverage industry in the U . S . is expected to increase the consumption . Escalating demand for diesel , gasoline and other fuels has led to the development of petrochemical and oil refineries plants in Brazil .
Key factors driving industry growth include reciprocating systems with dual cylinders and oil-free scroll offering , low-cost operations , rising adoption of variable speed air compressor controllers and low maintenance cost of compressors . Significant demand from the oil and gas industry is another factor driving industry growth . It is expected that application of air compressor across various industrial sector to increase during the forecasted period . Increasing demand of noise and pollution free , energy-efficient-power sources is also anticipated to drive industry growth .
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Superior air quality along with high reliability offered is also expected to propel the industry growth over the coming years . Moreover , industry leaders are taking initiatives to increase the overall performance of these devices , which is further expected to escalate the demand . Several manufacturers are trying to design and develop next-generation devices consisting of a variable speed drive . This will help in reducing energy consumption as compared to fixed speed air compressors .
Flexibility towards the end-user requirements and enhanced service offerings may challenge the industry growth . Escalating prices of raw material , noise pollution and bulky size may also hinder demand . Many manufacturers have focused on developing application specific devices to accommodate the demand of the consumer . Product launches , expansions and acquisitions are the major growth strategies adopted by various companies such as Mitsubishi Heavy Industries , Kirloskar , Ebara , ELGI and others . Kobe Steel announced its expansion in South American air compressor market to hit this profitable opportunity . In 2013 , Atlas Copco relaunched their SF series of oil free compressors , which have increased adoption among the end users and OEMs .
In 2015 , Ingersoll Rand acquired Cameron ’ s centrifugal compression division to widen its air compressor service portfolio and strengthen its position in the market . Leading players in the market are expanding their