Booming Construction Sector to Tug Portable Air Compressor Market Growth The portable air compressor market has experienced significant growth in recent years, with the construction sector emerging as a key end-user. Inkwood Research anticipates the global portable air compressor market to surge with a 4.37% CAGR during the forecast period 2023-2032. As the global construction industry expands, the demand for portable air compressors is expected to surge, making it an ideal sector for companies to focus on. This blog will explore the factors increasing the demand for portable air compressors in construction.
I. Portable Air Compressors’ Usage in Construction The widespread usage of portable air compressors in the construction sector can be attributed to the need for a versatile, reliable, and clean power source that can be easily and safely stored. Additionally, compressed air is cost-effective and simple to maintain, making it an attractive alternative to other power sources. According to the International Energy Agency (IEA), the construction sector accounts for approximately 36% of global energy consumption and contributes to around 39% of energy-related carbon dioxide emissions. With the increasing emphasis on sustainable construction practices, energy-efficient portable air compressors can reduce the construction industry’s environmental impact (source: IEA).
II. Government Initiatives Favorable to Construction Governments worldwide focus on infrastructure development, which drives the construction industry and increases the demand for portable air compressors. For Instance, the United States government’s American Jobs Plan, a $2 trillion infrastructure proposal aimed at modernizing transportation infrastructure, creating jobs, and promoting sustainable practices (source: White House). Further, countries like China and India have announced significant investments in infrastructure development, further fueling the growth of the construction industry. Such initiatives are expected to bolster the construction sector, increasing the demand for portable air compressors.
III. Factors Considered When Choosing a Portable Air Compressor for Construction When selecting an air compressor for construction sites, the following factors are focused upon: