As cited by the research report titled ‘Portable Air Compressor Market Size By Technology (Rotary [Screw, Scroll], Reciprocating, Centrifugal), By Lubrication (Oil Free, Oil Filled), By Application (Housing applications, Food & Beverage, Oil & Gas, Energy, Semiconductors & Electronics, Manufacturing, Mining & construction, Healthcare, Municipal), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with MarketStudyReport, global portable air compressor market is projected to expand significantly over 2020-2026.
 

Growing product demand from several high-revenue industry verticals as well as the ability of air compressors to support various equipment and operations are majorly driving global portable air compressor market growth.
 

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Air compressors commonly find applications across different environments for performing various tasks due to their portable nature. They can be used for powering pumps, pneumatic tools, pipes, and commonplace household appliances. The product also offer enhanced speed and efficiency in less time as compared to other compressors, resulting into higher preference and greater demand for the same.
 

Considering technology ambit, home appliances segment accounted for 4% share of global portable air compressor industry in 2019 and is likely to showcase lucrative growth trends over the estimated timeline owing to availability of advanced varieties for certain household appliances.
 

The energy segment, on the other hand, had seized a market share of 6% in 2019 and is estimated to grow expand at 3.4% CAGR over the forecast timeframe.
 

Considering the regional frame of reference, global portable air compressor market spans across Europe, Asia Pacific, Latin America, North America, and Middle East & Africa. The report claims that the Middle East & Africa market is poised to record CAGR of over 3.9% over the assessment period on account of strong regional economy, increasing export activities, and expanding consumer base.
 

Prominent players influencing the industry dynamics are Elgi Equipments Limited, Hubei Teweite Power Technology Co. Ltd., Sullivan-Palatek Inc., Doosan Portable Power, Rolair Systems, Ingersoll Rand Inc., Kaeser Kompressoren SE, Gardner Denver Inc., Sullair LLC, Atlas Copco Group, Oasis Manufacturing, Danfoss, BelAire Air Compressors, Vanair Manufacturing Inc., Quincy Compressor LLC, Mat Holdings Inc., and Ciasons Industrial Inc.