Compressor Rental Market report offers in-depth analyses of key players, including overall market share data, market size and projections, key trends, growth drivers, restraints, demand, opportunities & forecast. Besides, the report offers a full data about industry analysis by Compressor Type (Reciprocating, Rotary Screw), End-Use Industry (Construction, Mining, Oil & Gas, Power, Manufacturing), Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) - Global Forecast to 2026.
The compressor rental market is projected to reach USD 5.53 Billion by 2026, at a CAGR of 6.4% from 2016 to 2026. This growth can be attributed to increased demand for customized air rental solutions to meet specific industrial requirements. The customized air compressor rental systems are used in varied end-use industries, such as oil & gas, medical, and construction, among others.
Atlas Copco, Ingersoll Rand, Hertz Equipment Rental Corporation, and United Rentals, Inc., among others are the leading players operating in the compressor rental market.
Compressor Rental Market Segmentation
Compressor Rental Market is segmented by end-use industry, compressor type, and region. It forecasts revenues as well as analyzes trends in each of these submarkets.
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Compressor Rental Market, by End-Use Industry:
- Construction
- Mining
- Oil & Gas
- Power
- Manufacturing
- Chemical
- Others
Compressor Rental Market, by Compressor Type:
- Rotary Screw
- Reciprocating
Compressor Rental Market, by Region:
- Asia-Pacific
- Europe
- North America
- Middle East & Africa
- South America
Among end-use industries, the chemical segment of the compressor rental market is projected to grow at the highest CAGR from 2016 to 2026.
In the chemical industry, air compressors are used for transporting liquids under pressure. They are also used in pressurizing tanks, aeration tanks, and culture vessels for spot cooling and molding plastics. Air compressors find application in the automatic control systems used in the chemical industry. Besides air compressors, screw compressors are also commonly used in the chemical industry. Rapid growth of the chemical industry in the Middle East & Africa and Asia-Pacific regions is fueling the growth of compressor rental market.
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Based on compressor type, the rotary screw segment of the compressor rental market is projected to grow at the highest CAGR from 2016 to 2026.
On basis of compressor type, the rotary screw segment accounted for the largest share of the compressor rental market in 2015. This segment is projected to grow at the highest CAGR during the forecast period, 2016 to 2026. Rotary screw compressors are being increasingly used as power tools in the construction industry. In the oil & gas industry, rotary screw compressors are used in oil rigs to extract crude oil. Growth of the construction and oil & gas industries has resulted in growth of the rotary screw compressor type segment of compressor rental market.
The compressor rental market in the Asia-Pacific region is expected to grow at the highest CAGR between 2016 and 2026.
The Asia-Pacific compressor rental market is projected to grow at the highest CAGR between 2016 and 2026. Growing industrialization and infrastructure development in the Asia-Pacific region offers numerous opportunities for use of air compressors. The key driver for the growth the Asia-Pacific compressor rental market is the rising demand for compressors from the construction industry.
Table of Contents:
- Executive Summary
- Scope/opportunities of the Compressor Rental Market Report
- Research Methodology
- Compressor Rental Market Landscape
- SWOT Analysis
- Market Sizing
- Compressor Rental Market Segmentation
- Customer Landscape
- Regional Landscape
- Business Decision Framework
- Drivers And Challenges
- Compressor Rental Market Key Trends
- Players Landscape
- Players Analysis
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