Market Overview
Diving air compressors can be defined as gas compressors of high pressure which is used to fill the tank by divers for breathing underwater. As water vapor in the air is gradually removed by the compressor while compressing the air, there is additional requirement for filters to purify the air and remove oil particles, CO and CO2 in order to make the compressed air quality suitable for breathing.
Efficient diving compressors provide the divers sufficient freedom of movement underwater as it is easy to breathe with the help of diving compressors. Human underwater activities rely on an adequate supply of breathable compressed gas, usually air, free from contaminants that could otherwise cause exhaustion underwater or longer-term health effects. Manufactures focus on technological advancement in diving compressors to increase its efficiency and ease of operation for divers. Participation of people in water sports activities is also resulting in an increasing demand for diving air compressors.
Market Size & Forecast
The global diving compressor market is anticipated to record a CAGR of 4.6% over the forecast period i.e. 2019-2027. The market is segmented on the basis of product type into Mobile and Stationary compressors. The market is also segmented by application into fishing, rescue, sports and others, out of which, sports segment is expected to capture the leading market share on the back of increasing involvement of people towards scuba diving and other under water sports activity. Additionally, the technological advancement in diving compressors is expected to increase over the forecast period as it offers ease of operation for divers to fill the gas tank inside the water. Further, due to increasing number of people taking up underwater photography and deep sea diving is resulting in an increasing demand for diving compressors. Similarly ad increasing number of people are taking up underwater sports activities, there has been an increase in demand for all necessary equipment to enable comfortable breathing. These are the factors which boost the market over the forecast period (2019-2027).
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Growth Drivers
Rise in Water Sports Activity
There has been a rapid increase in the number of people taking up water sports activities due to increase in demand of domestic as well international tourist for water sports such as scuba diving, underwater photography. Many of the coastal areas have water sports facilities with adequate resources to entertain the tourist. Along with the increase in number of divers, there has been an increase in the demand for efficient diving equipment inclusive of diving compressors in order to support comfortable breathing while under water. Such factors are resulting in an increase in the demand for efficient diving compressors over the forecast period.
Technological Advancement in Diving Compressors
The market is expected witness a rising adoption of innovative technologies over the forecast years such as ORB re-breathers which can filter the oxygen from surrounding water and enable divers to communicate with each other over Bluetooth. There is however a requirement for further research & development to provide better awareness and education regarding the safe operation and associated limitations of high-pressure breathing air compressors. Manufactures of diving compressors are focusing on new technology development associated with compressors to ease the difficulties during refilling of gas in tank while under water. Invention of automatic compressors which fill the tank automatically according to requirement of gas in tank are technologically advanced and enhance the efficiency of compressors. Such factors are expected to drive the demand for diving compressors over the forecast period.
Restraints
High Cost
High cost of diving compressors and training course associated with underwater activity is expected to dampen the market in near future. Additionally, occurrence of fatal accidents during the underwater sports is expected to further hinder the market growth.
Market Segment
Our-in depth analysis of the global diving compressors market includes the following segments:
By Product Type
- Mobile
- Stationary
By Application
-
Fishing
- Rescue
- Sports
- Others
By Region
On the basis of regional analysis, the diving compressors market is segmented into five major regions North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market in North America is expected to display a significant growth on the back of abundance of water bodies and increasing number of scuba diving enthusiasts. Further, the Europe market for diving compressors is anticipated to induce a growth with the increasing trend in water sports activity.
The market in Asia Pacific is estimated to face an accelerated demand over the forecast period on account of innovation in new technology in compressors and participation of people towards water activities. Also, due to increasing influx of tourists to the tropical areas, there has been an increase in demand for under water sports in these areas.
The global diving compressors market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Top Featured Companies Dominating the Market
- Power Drive
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Sea Breathe
- Brownies Marine Group
- Bravaria Kompressoren
- Bauer Kompressoren GmbH
- Other Prominent Players
