Air compressor is a machine used to convert power from electric motors into kinetic energy. Rental air compressors are customized compressors made available to the client on rent. Rental air compressors is a good option to meet short- or long-term demand and unexpected contingencies or emergencies. The use of these compressors reduces the additional repairing cost arising out of system breakdown and the risk of financial loss. They also offer significant cost advantage. The purchase and installation of new compressors incur significant costs.
The shift in trend toward renting compressors with operational expenses is a key factor driving the demand for rental air compressors. Failure and frequent replacement of aging equipment, changing emission standards, and the recovering petrochemical & refining sector are some of the factors fuelling the demand for rental air compressors. Additionally, growth of the manufacturing sector and the coal & mining equipment sector is expected to propel the demand for rental air compressors during the forecast period. Development of more efficient air compressors to mitigate the concerns pertaining to noise pollution and air pollution and potential innovations in technology are likely to boost the use of rental air compressors in the construction industry. These factors are expected to positively influence the demand for rental air compressors in the near future.
In terms of geography, Asia Pacific held a major share of the global rental air compressors market in 2016. This is attributable to flourishing construction and manufacturing sectors in the region. Most of the end-user firms in the two industries are capital-intensive and they prefer using air compressors on rent rather than buying them.
Key players operating in the global rental air compressors market include Ingersoll Rand, Caterpillar, Atlas Copco, Aggreko, and Hertz Equipment.
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