Market Overview:
The global residential air compressors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for residential air compressors from construction and industrial applications, and the growing demand for energy-efficient equipment. In terms of type, the electric drive segment is expected to lead the global residential air compressors market during the forecast period, owing to its high efficiency and low noise levels as compared with diesel engine-driven models. In terms of region, North America is expected to lead the global residential air compressors market during the forecast period due to high adoption rates in construction and industrial applications.
Product Definition:
A residential air compressor is a device used to increase the pressure of compressed air. This type of compressor is typically used in homes and small businesses for tasks such as painting, stapling, nailing, and other jobs that use an air tool.
Electric Drive:
Electric drive is a motor-driven compressor that uses an electric current to increase the pressure in the residential air compressors. The electric compressors are driven by a low frequency (3-4 kHz) electrical motor, which functions as the heart of this equipment and provides it with energy to move itself and do work.
Diesel Engines:
Diesel engines are used in air compressors for power generation. They are also known as internal combustion engines or motor compression devices. These devices convert the energy generated from fuel into mechanical work which is then utilized to increase the pressure of a compressed air stream by reciprocating pistons.
Application Insights:
The construction application segment led the market and accounted for more than a 29% share of the global revenue in 2017. The growth is attributed to an increase in residential and non-residential construction activities across regions, including Asia Pacific, North America and Europe. In addition, rapid urbanization projects across developing countries are expected to drive product demand over the forecast period.
The diesel engine compressors find applications in industrial as well as residential sectors owing to their ability to provide high air flow with low energy consumption. Increasing industrial output coupled with rising awareness regarding energy conservation has resulted in increased use of diesel engines over electric motors for air compression purposes globally. This trend is likely to continue through 2018 till 2030 on account of higher efficiency exhibited by diesel engines over electric motors when it comes to operating at high rotational speeds ranging from 1,500 rpm up till 6,000 rpm inclusive (for a single phase motor) or 12,000 rpm inclusive (for a three phase motor).
Regional Analysis:
The Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing construction activities, coupled with rapid industrialization and urbanization in developing countries such as China, India, Indonesia, Vietnam and Thailand. Moreover, rising disposable income levels are anticipated to fuel demand for residential air compressors over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to growing demand from end-use industries such as building & construction; automotive; textile & clothing; food processing & packaging among others. Increasing consumer spending on household appliances is also expected to drive regional product demand over the next eight years. North America emerged as one of the major markets for residential compressors due to high energy prices associated with electricity consumption byproducts of fossil fuels used for compressor power generation along with stringent environmental regulations by regulatory bodies such as EPA (Environmental Protection Agency) and CSA (California Air Resources Board).
Growth Factors:
- Increasing demand for residential air compressors from the construction and automotive industries is expected to drive the market growth.
- Rising awareness about energy-efficient air compressors is projected to fuel the market growth in the near future.
- Growing demand for small and portable air compressors owing to their easy installation and portability is anticipated to boost the market growth over the forecast period.
- Increasing investments in research and development activities by key players are likely to propel Residential Air Compressors Market growth during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Air Compressors Market Research Report
By Type
Electric Drive, Diesel Engines
By Application
Construction, Residential, Industrial, Municipal Engineering, Others
By Companies
Kaeser, ELGI, Makita, Ingersoll Rand, Eaton, DEWALT, AstroAI, BOSTITCH, Ryobi, Stark, Mi-T-M, Campbell Hausfeld, Craftsman, EMAX, Quincy, Hitachi, KAISHAN, Hongwuhuang
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Residential Air Compressors Market Report Segments:
The global Residential Air Compressors market is segmented on the basis of:
Types
Electric Drive, Diesel Engines
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
Construction, Residential, Industrial, Municipal Engineering, 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:
- Kaeser
- ELGI
- Makita
- Ingersoll Rand
- Eaton
- DEWALT
- AstroAI
- BOSTITCH
- Ryobi
- Stark
- Mi-T-M
- Campbell Hausfeld
- Craftsman
- EMAX
- Quincy
- Hitachi
- KAISHAN
- Hongwuhuang
Highlights of The Residential 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:
- Electric Drive
- Diesel Engines
- By Application:
- Construction
- Residential
- Industrial
- Municipal Engineering
- 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 Residential 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
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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?
A residential air compressor is a machine that helps to increase the air pressure in an enclosed space, such as a home or office. This can be useful for tasks like inflating mattresses, blowing out candles, and pumping up tires.
Some of the major players in the residential air compressors market are Kaeser, ELGI, Makita, Ingersoll Rand, Eaton, DEWALT, AstroAI, BOSTITCH, Ryobi, Stark, Mi-T-M, Campbell Hausfeld, Craftsman, EMAX, Quincy, Hitachi, KAISHAN, Hongwuhuang.
The residential air compressors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Residential Air Compressors Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Residential Air Compressors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Residential Air Compressors Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Residential Air Compressors Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Residential Air Compressors Market Size & Forecast, 2020-2028 4.5.1 Residential Air Compressors Market Size and Y-o-Y Growth 4.5.2 Residential Air Compressors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electric Drive
5.2.2 Diesel Engines
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Residential
6.2.3 Industrial
6.2.4 Municipal Engineering
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residential Air Compressors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Residential Air Compressors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electric Drive
9.6.2 Diesel Engines
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Residential
9.10.3 Industrial
9.10.4 Municipal Engineering
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electric Drive
10.6.2 Diesel Engines
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Residential
10.10.3 Industrial
10.10.4 Municipal Engineering
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electric Drive
11.6.2 Diesel Engines
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Residential
11.10.3 Industrial
11.10.4 Municipal Engineering
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electric Drive
12.6.2 Diesel Engines
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Residential
12.10.3 Industrial
12.10.4 Municipal Engineering
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electric Drive
13.6.2 Diesel Engines
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Residential
13.10.3 Industrial
13.10.4 Municipal Engineering
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Residential Air Compressors Market: Competitive Dashboard
14.2 Global Residential Air Compressors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kaeser
14.3.2 ELGI
14.3.3 Makita
14.3.4 Ingersoll Rand
14.3.5 Eaton
14.3.6 DEWALT
14.3.7 AstroAI
14.3.8 BOSTITCH
14.3.9 Ryobi
14.3.10 Stark
14.3.11 Mi-T-M
14.3.12 Campbell Hausfeld
14.3.13 Craftsman
14.3.14 EMAX
14.3.15 Quincy
14.3.16 Hitachi
14.3.17 KAISHAN
14.3.18 Hongwuhuang