According to a research report titled ‘Global Air Compressor Market: Analysis By Technology , End User, Product Type, By Region, By Country (2020 Edition) : Market Insights, Covid -19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global air compressor market was valued at USD 16.2 billion in 2019 and is anticipated to expand significantly during 2020-2025.
 

As per report findings, rising consumer awareness about product quality, stringent regulatory protocols, supportive government policies on energy conservation, and mandatory standards imposed by the FDA for food safety play a major role in boosting worldwide air compressor industry growth.
 

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Moreover, the industry is anticipated to register huge growth post the COVID-19 pandemic owing to technological advancements, and high disposable income leading to rising demand for household appliances. Rapidly expanding automobile sector is also furthering the growth of global air compressor market.
 

Based on technology type, worldwide air compressor industry is split into reciprocating, centrifugal, and rotary. Speaking of product gamut, the market is arrayed into portable, and stationary, wherein the former segment is projected to grab a significant chunk of the market share in the coming years, due to reduced maintenance costs and environment friendly nature of portable air compressors, and extensive adoption by industries across the world.
 

Moving on to end user scope, the industry space is classified into healthcare, manufacturing, food & beverage, and oil & gas among others. Of these, manufacturing sector generated significant revenues for the overall market in the recent past, due to availability of raw materials, and presence of land, along with cost effective labor rates, which will amplify manufacturing sector, thereby boosting the demand for air compressors.
 

On the regional front, Asia Pacific is predicted to lead the global air compressor market forecast through 2025, owing to low production cost, rising industrialization, and surging investor interest in Asian countries such as China and India.
 

Meanwhile, other regional contributors such Europe, Latin America, and North America are also analyzed in the report.
 

Key contenders in worldwide air compressor market are Danfoss, Kaeser Kompressoren SE, DeWalt Industrial Tool Company, Hitachi Ltd., Emerson Electric Co., Ingersoll Rand Inc., Siemens AG., Sullivan-Palatek Inc., Elgi Equipments Ltd., and Atlas Copco.