The global portable air compressor market is anticipated to grow at a significant CAGR of 7.2% during the forecast period (2021-2027). 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.
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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 labor along with favorable 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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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Portable Air Compressor Market Report Segment
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
- Semiconductors & Electronics
- Building & Construction
- Food & Beverage
- Others (Home Appliances)
Global Portable Air Compressor Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global portable air compressor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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