compressors are expected to receive demand from industries such as metal and mining, electronic assembling,
infrastructure, pharmaceuticals and food & beverage.
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 low-
duty 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.