Portable Air Compressor Market to Signify Strong Growth by 2024-2031

Portable air compressor market is anticipated to grow at a significant CAGR of 7.2% during the forecast period. One of the major factors driving the growth of the global portable air compressor market is the growing demand for mobile air compressor solutions across a wide range of applications. Air compressors primarily function to compress the air facilitating various operations and equipment. Furthermore, there are various uses of portable air compressors such as pneumatic tools, power pumps, pipes, and common household uses. Portable air compressors require less time compared to traditional air compressors, which makes portable air compressors faster and more efficient. The portable air compressors offers more benefits than their traditional counterparts, which is expected to fuel the growth of the global portable air compressor market in the upcoming forecast year.

Another factor driving the growth of the global portable air compressor market is the rise in the requirement of portable air compressors in developing countries such as India, China, Brazil, South Korea, and Japan. These countries have shown a major growth in industrial output, which can be contributed to less expensive material and affordable labour along with favourable government policies. According to the Indian Brand Equity Foundation (IBEF), in June 2021, the Government of India planned to invest in rural electrification and amend affordable housing schemes by 2023. This has resulted in high demands for the commodity which will propel the growth of the global portable air compressor market.

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Portable Air Compressor Market Segmentation

By Power Source

• Electric
• Gas

By Technology

• Rotary (Screw, Scroll)
• Reciprocating

By Lubrication

• Oil Free
• Oil Filled

By Application

• Oil & Gas
• Mining &Energy
• Healthcare
• Manufacturing
• Semiconductor & Electronics
• Building& Construction
• Food & Beverage
• Others (Home Appliances)

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Regional Analysis

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

Company Profiles  

• Doosan Bobcat Inc.
• KaeserKompressoren SE
• ElgiEquipments Ltd.
• Rolair Systems
• Suzhou Sullair Gas Equipment Co., Ltd.
• Sullivan-Palatek Inc. 
• Hubei Teweite Power Technology Co., Ltd.

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