According to the research report titled, ‘Stationary Air Compressor Market Size By Technology (Reciprocating, Centrifugal, Rotary), By Lubricant (Oil-filled, Oil-free), By Application (Food & Beverages, Home appliances, Oil & Gas, Semiconductor & Electronics, Energy, Healthcare, Manufacturing), COVID-19 Impact Analysis, Regional Outlook, Price Trends, Competitive Landscape, Application Growth Potential & Forecast, 2021 - 2027’, available with MarketStudyReport, global stationary air compressor market is anticipated to register a strong y-o-y growth rate over the forecast timeframe 2021-2027.
 

As per the findings of the report, factors such as rapid technological advancements, presence of large number of market vendors, heavy investments in R&D, as well as an increasing demand for household appliances are primarily driving global stationary air compressor market.
 

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Furthermore, leading industry players have been concentrating on new product developments to capitalize on growing consumer demand, which is enhancing the market dynamics. For instance, Sullair LLC, developed the 260 series portable diesel compressors for tier 3 markets in April 2019, which can run for over 9 hours at a time, and resist high elevations and difficult terrains.
 

In terms of technology, global stationary air compressor industry is fragmented into three categories: rotary (screw, scroll, and others), reciprocating, and centrifugal. Over the forecast period, rotary screw sub segment is slated to expand at a healthy CAGR of 4%, owing to superior product attributes like high efficiency, low maintenance, and low starting-up costs.
 

In terms of application, the oil & gas sub segment is poised to record 3%CAGR over 2021-2027. Growing population, rising demand from developing countries, increasing government expenditure, and industrialization are propelling global oil & gas production and consumption, which will further support the sector's expansion.
 

From a regional point of view, MEA market is projected to witness a significant expansion at a CAGR of 3.5% over the assessment period, owing to growth in oil & gas and mining exploration activities in the region, influenced by rising demand for large capacity equipment.
 

Considering the competitive landscape, Gardner Denver, Inc., Sullair, LLC, Ingersoll-Rand plc, Atlas Copco, Kaeser Kompressoren SE, Sullivan-Palatek, Inc., ROLAIR Systems, Zen Air Tech Pvt. Ltd., Ciasons Industrial, Inc., Hubei Teweite Power Technology Co. Ltd., Quincy Compressor LLC, Mat Holdings, Inc., Bauer Compressors, Inc., Saylor-Beall Inc., and Kulmec Compressor are the major companies influencing worldwide stationary air compressor market trends.