Market Overview:
The global electric air compressors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric air compressors from various industries such as oil, chemical, metallurgy and others. Additionally, factors such as technological advancements and rising awareness about energy-efficient electric air compressors are also contributing to the growth of this market. Based on type, the global electric air compressor market is segmented into single stage and two-stage electric air compressors. The two-stage segment is expected to grow at a higher CAGR than the single stage segment during the forecast period from 2018 to 2030.
Product Definition:
Electric air compressors are a type of air compressor that uses electricity to power the compression process.
-They are typically more reliable and have a longer lifespan than other types of air compressors.
-They often have a higher CFM (cubic feet per minute) rating than other types of air compressors, making them better for larger applications.
-They usually require less maintenance than other types of air compressors.
Single Stage Electric Air Compressors:
Single stage electric air compressors are used to reduce the pressure in an enclosed space. Single-stage compressors have a volume of flow that is independent of the pressure differential between intake and exhaust valves. The single-stage compressor has only one set of valves, which operate at low or medium speeds; usually ranging from 500 to 2,000 SPM.
The single-stage electric air compressor is driven by a motor that operates through the drive line (electricity).
Two-Stage Electric Air Compressors:
The two-stage electric air compressors are used in the electric air compressors market for various applications. The two-stage electric air compressor is a device that increases the pressure of an enclosed system by reducing its volume. It does this by drawing outside air into a chamber, which is then compressed using rotary blades. Two-stage compressors are primarily used to increase the pressure of indoor environments to protect sensitive electronic equipment from damage due to high static pressures and dynamic forces acting on it.
Application Insights:
The oil industry was the largest application segment in 2017 and will expand further at a steady CAGR from 2018 to 2030. The growth of this market is attributed to the rising demand for crude oil and petroleum products, such as natural gas, gasoline, diesel & fuel oils. In addition, factors such as growing investments by companies in exploration & production activities are expected to drive product demand over the forecast period.
Chemical industry was another prominent segment accounting for a share of 15% in 2017 owing to increasing chemical manufacturing activities across various regions coupled with stringent regulations regarding electric safety equipment installation at petrochemical plants. Furthermore, technological advancements coupled with high reliability requirements are anticipated to augment compressors' penetration in this application space over the coming years.
Regional Analysis:
North America dominated the global electric air compressors market in 2017. The region is expected to witness a considerable growth rate of 4.6% over the forecast period, owing to increasing demand for oil and gas from shale reserves and chemical processing units. In addition, rising need for refrigeration in food transportation is anticipated to drive product demand over the next eight years.
The Asia Pacific regional market captured a revenue share of 24% in 2017 owing to high product adoption rates by end-use industries such as metalurgy, oil & gas industry, chemicals & petrochemicals industry due to growing energy needs coupled with economic development initiatives undertaken by governments across various countries including China.
Growth Factors:
- Increasing demand for electric air compressors in end-use industries such as automotive, construction, and manufacturing is expected to drive the market growth.
- Rising popularity of electric air compressors among small and medium-sized businesses is anticipated to boost the market growth.
- Growing demand for energy-efficient and environment-friendly electric air compressors is projected to fuel the market expansion during the forecast period.
- Technological advancements in electric air compressor products are likely to create new opportunities for the market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Air Compressors Market Research Report
By Type
Single Stage Electric Air Compressors, Two-Stage Electric Air Compressors
By Application
Oil Industry, Chemical Industry, Metallurgy Industry, Others
By Companies
Stanley, Mi-T-M, Atlas Copco, Scheppach, DEWALT Products Company, Sullair, Hubei Teweite Power Technology, Ningbo Xinda Screw Compressor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Electric Air Compressors Market Report Segments:
The global Electric Air Compressors market is segmented on the basis of:
Types
Single Stage Electric Air Compressors, Two-Stage Electric Air Compressors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Industry, Chemical Industry, Metallurgy Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stanley
- Mi-T-M
- Atlas Copco
- Scheppach
- DEWALT Products Company
- Sullair
- Hubei Teweite Power Technology
- Ningbo Xinda Screw Compressor
Highlights of The Electric Air Compressors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Stage Electric Air Compressors
- Two-Stage Electric Air Compressors
- By Application:
- Oil Industry
- Chemical Industry
- Metallurgy Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Air Compressors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric air compressors are machines that use electricity to create a high-pressure air stream. This stream is used to reduce the volume of air in a container, such as an automobile or home.
Some of the major players in the electric air compressors market are Stanley, Mi-T-M, Atlas Copco, Scheppach, DEWALT Products Company, Sullair, Hubei Teweite Power Technology, Ningbo Xinda Screw Compressor.
The electric air compressors market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Air Compressors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Air Compressors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Air Compressors Market - Supply Chain
4.5. Global Electric Air Compressors Market Forecast
4.5.1. Electric Air Compressors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Air Compressors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Air Compressors Market Absolute $ Opportunity
5. Global Electric Air Compressors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Air Compressors Market Size and Volume Forecast by Type
5.3.1. Single Stage Electric Air Compressors
5.3.2. Two-Stage Electric Air Compressors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Air Compressors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Air Compressors Market Size and Volume Forecast by Application
6.3.1. Oil Industry
6.3.2. Chemical Industry
6.3.3. Metallurgy Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Air Compressors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Air Compressors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Air Compressors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Air Compressors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Air Compressors Demand Share Forecast, 2019-2026
9. North America Electric Air Compressors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Air Compressors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Air Compressors Market Size and Volume Forecast by Application
9.4.1. Oil Industry
9.4.2. Chemical Industry
9.4.3. Metallurgy Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Air Compressors Market Size and Volume Forecast by Type
9.7.1. Single Stage Electric Air Compressors
9.7.2. Two-Stage Electric Air Compressors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Air Compressors Demand Share Forecast, 2019-2026
10. Latin America Electric Air Compressors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Air Compressors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Air Compressors Market Size and Volume Forecast by Application
10.4.1. Oil Industry
10.4.2. Chemical Industry
10.4.3. Metallurgy Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Air Compressors Market Size and Volume Forecast by Type
10.7.1. Single Stage Electric Air Compressors
10.7.2. Two-Stage Electric Air Compressors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Air Compressors Demand Share Forecast, 2019-2026
11. Europe Electric Air Compressors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Air Compressors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Air Compressors Market Size and Volume Forecast by Application
11.4.1. Oil Industry
11.4.2. Chemical Industry
11.4.3. Metallurgy Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Air Compressors Market Size and Volume Forecast by Type
11.7.1. Single Stage Electric Air Compressors
11.7.2. Two-Stage Electric Air Compressors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Air Compressors Demand Share, 2019-2026
12. Asia Pacific Electric Air Compressors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Air Compressors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Air Compressors Market Size and Volume Forecast by Application
12.4.1. Oil Industry
12.4.2. Chemical Industry
12.4.3. Metallurgy Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Air Compressors Market Size and Volume Forecast by Type
12.7.1. Single Stage Electric Air Compressors
12.7.2. Two-Stage Electric Air Compressors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Air Compressors Demand Share, 2019-2026
13. Middle East & Africa Electric Air Compressors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Air Compressors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Air Compressors Market Size and Volume Forecast by Application
13.4.1. Oil Industry
13.4.2. Chemical Industry
13.4.3. Metallurgy Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Air Compressors Market Size and Volume Forecast by Type
13.7.1. Single Stage Electric Air Compressors
13.7.2. Two-Stage Electric Air Compressors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Air Compressors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Air Compressors Market: Market Share Analysis
14.2. Electric Air Compressors Distributors and Customers
14.3. Electric Air Compressors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stanley
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mi-T-M
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Atlas Copco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Scheppach
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DEWALT Products Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sullair
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hubei Teweite Power Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ningbo Xinda Screw Compressor
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
