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With a CAGR of 6.8% between 2023 and 2030, the compressor rental market is expected to grow from its 2022 value of $4.14 billion to reach $6.22 billion by 2030. Compressors find widespread use in a wide variety of industries, including but not limited to manufacturing, construction, automotive, oil and gas, refrigeration, and many more.
Tire inflation, scaling, refuge station air, raise boring, pneumatic conveying, and workshop service air are just some of the mining operations that benefit greatly from the usage of rented compression equipment. As a result, the mining industry's robust expansion is providing a significant financial boost to the compressor rental market. Recent years have been difficult for the mining industry due to a number of factors, including regional investment restrictions, increased demand for minerals and metals, and the need to boost production while keeping costs down. The mining industry is facing challenges, but new technologies and innovations are providing profitable opportunities for mining businesses to increase efficiency, production, and cost-effectiveness.
Compressed air is used for a wide variety of purposes, from expanding air into type to transferring energy in manufacturing. To raise the pressure of air, a mechanical device called a compressor is employed. Pneumatic equipment and other industrial applications rely on compressed air, and compressors have become increasingly common throughout the years. Because of the lower operational cost and the benefits of a customized compressor, compressor rental has seen significant growth in the recent years. In high-power applications, renting a compressor can provide you more options than buying one.
In addition to lowering annual peak demand, this optimizes the cost of maintaining the current compressor unit. Massive global economic growth as a result of increased industrialization, urbanization, and digital technology use. There may be strong growth for the compressor rental market because to the massive investment in upstream activities, expansion of refineries, expansion of building, and infrastructure activities. In addition, the mining industry may show strong need for compressor because to the rising demand for diamonds, iron, gold, etc. As a result, compressor renting is crucial to global economic development.
Compressor rental companies are anticipated to expand during the projection time frame as a result of the large-scale demand for new rental air services. While compressors have many industrial applications (including oil and gas extraction, chemical processing, transportation, automotive, and beverage production), consumers can save money by renting rather than buying, and there will be less need for expensive repairs if something goes wrong.
The industry's major players provide compressor rental services that are tailored to a wide variety of tasks and durations. Compressed air capacity may be easily increased or decreased based on production demands or maintenance downtime with the use of rental options, eliminating the need for costly up-front investments in fixed installations. Overall, the demand for flexible, adaptable, cost-effective, and efficient compressed air leasing solutions is being driven by the requirement for these factors.
Compressors can be made from a variety of raw materials, such as forged carbon steel, stainless steel, and cast iron. The value of these inputs is very sensitive to overall economic trends. Compressor rental companies may adjust their rental rates in response to the uncertainty of raw material costs. If the cost of raw materials increases significantly, rental businesses may need to increase their rates to ensure they can continue to turn a profit after covering their expenses.
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the five regions that make up the global compressor rental market. The U.S. oil and gas business is active and expanding quickly. As a result, the amount of money put into hydrocarbon research and production has increased exponentially during the past several years. Due to recent developments in the commercial exploration of shale gas, the United States is now the world's leading producer of natural gas. Concurrently, increased investment in the Gulf of Mexico for offshore production may contribute to the expansion of the North American compressor rental industry. Europe is predicted to offer promising market for the growth of the compressor rental market owing to expansion of district heating project coupled with substantial investment in processing industries. Countries like Norway, Germany, the United Kingdom, and Russia are constantly pouring money into the building and farming industries.
Report Coverage
Global Compressor Rental research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Compressor Rental report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Compressor Rental competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Compressor Rental market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Compressor Rental market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Compressor Rental market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ELGi (U.S.), Atlas Copco AB (Sweden), Ingersoll Rand (Ireland), The Hertz Corporation (U.S.), United Rental, Inc (U.S.), Ashtead Group (U.K.), AKTIO Corporation (Japan), Loxam (France), Aggreko (U.K.), Ar Brasil Compressores (Brazil ), Caterpillar (U.S.), Cisco Air Systems (U.S.), J Pen Medical (U.K.), Sullivan-Palatek Inc (U.S.), KWIPPED, Inc (U.S.), Aditya Air Products (India)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Compressor Rental market based on the below-mentioned segments:
Global Compressor Rental Market, By Type
Rotary Screw Compressor
Reciprocating Air Compressor
Centrifugal Compressor
Others
Global Compressor Rental Market, By End User
Construction
Mining
Oil & Gas
Utility
Manufacturing
Chemical
Others
Global Compressor Rental market, Regional Analysis
Tire inflation, scaling, refuge station air, raise boring, pneumatic conveying, and workshop service air are just some of the mining operations that benefit greatly from the usage of rented compression equipment. As a result, the mining industry's robust expansion is providing a significant financial boost to the compressor rental market. Recent years have been difficult for the mining industry due to a number of factors, including regional investment restrictions, increased demand for minerals and metals, and the need to boost production while keeping costs down. The mining industry is facing challenges, but new technologies and innovations are providing profitable opportunities for mining businesses to increase efficiency, production, and cost-effectiveness.
Compressed air is used for a wide variety of purposes, from expanding air into type to transferring energy in manufacturing. To raise the pressure of air, a mechanical device called a compressor is employed. Pneumatic equipment and other industrial applications rely on compressed air, and compressors have become increasingly common throughout the years. Because of the lower operational cost and the benefits of a customized compressor, compressor rental has seen significant growth in the recent years. In high-power applications, renting a compressor can provide you more options than buying one.
In addition to lowering annual peak demand, this optimizes the cost of maintaining the current compressor unit. Massive global economic growth as a result of increased industrialization, urbanization, and digital technology use. There may be strong growth for the compressor rental market because to the massive investment in upstream activities, expansion of refineries, expansion of building, and infrastructure activities. In addition, the mining industry may show strong need for compressor because to the rising demand for diamonds, iron, gold, etc. As a result, compressor renting is crucial to global economic development.
Compressor rental companies are anticipated to expand during the projection time frame as a result of the large-scale demand for new rental air services. While compressors have many industrial applications (including oil and gas extraction, chemical processing, transportation, automotive, and beverage production), consumers can save money by renting rather than buying, and there will be less need for expensive repairs if something goes wrong.
The industry's major players provide compressor rental services that are tailored to a wide variety of tasks and durations. Compressed air capacity may be easily increased or decreased based on production demands or maintenance downtime with the use of rental options, eliminating the need for costly up-front investments in fixed installations. Overall, the demand for flexible, adaptable, cost-effective, and efficient compressed air leasing solutions is being driven by the requirement for these factors.
Compressors can be made from a variety of raw materials, such as forged carbon steel, stainless steel, and cast iron. The value of these inputs is very sensitive to overall economic trends. Compressor rental companies may adjust their rental rates in response to the uncertainty of raw material costs. If the cost of raw materials increases significantly, rental businesses may need to increase their rates to ensure they can continue to turn a profit after covering their expenses.
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the five regions that make up the global compressor rental market. The U.S. oil and gas business is active and expanding quickly. As a result, the amount of money put into hydrocarbon research and production has increased exponentially during the past several years. Due to recent developments in the commercial exploration of shale gas, the United States is now the world's leading producer of natural gas. Concurrently, increased investment in the Gulf of Mexico for offshore production may contribute to the expansion of the North American compressor rental industry. Europe is predicted to offer promising market for the growth of the compressor rental market owing to expansion of district heating project coupled with substantial investment in processing industries. Countries like Norway, Germany, the United Kingdom, and Russia are constantly pouring money into the building and farming industries.
Report Coverage
Global Compressor Rental research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Compressor Rental report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Compressor Rental competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Compressor Rental market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ELGi (U.S.), Atlas Copco AB (Sweden), Ingersoll Rand (Ireland), The Hertz Corporation (U.S.), United Rental, Inc (U.S.), Ashtead Group (U.K.), AKTIO Corporation (Japan), Loxam (France), Aggreko (U.K.), Ar Brasil Compressores (Brazil ), Caterpillar (U.S.), Cisco Air Systems (U.S.), J Pen Medical (U.K.), Sullivan-Palatek Inc (U.S.), KWIPPED, Inc (U.S.), Aditya Air Products (India) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Compressor Rental Market from 2021 to 2030.
- Market Forecast for Compressor Rental Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Compressor Rental competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Compressor Rental
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Compressor Rental market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Compressor Rental market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ELGi (U.S.), Atlas Copco AB (Sweden), Ingersoll Rand (Ireland), The Hertz Corporation (U.S.), United Rental, Inc (U.S.), Ashtead Group (U.K.), AKTIO Corporation (Japan), Loxam (France), Aggreko (U.K.), Ar Brasil Compressores (Brazil ), Caterpillar (U.S.), Cisco Air Systems (U.S.), J Pen Medical (U.K.), Sullivan-Palatek Inc (U.S.), KWIPPED, Inc (U.S.), Aditya Air Products (India)
Primary Target Market
- Market Players of Compressor Rental
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Compressor Rental market based on the below-mentioned segments:
Global Compressor Rental Market, By Type
Rotary Screw Compressor
Reciprocating Air Compressor
Centrifugal Compressor
Others
Global Compressor Rental Market, By End User
Construction
Mining
Oil & Gas
Utility
Manufacturing
Chemical
Others
Global Compressor Rental market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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