Research Nester recently published report titled “Diving Compressors Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the diving compressors market in terms of market segmentation by product by application.
The global diving compressors market is segmented by product type into mobile, stationary, compact and silent type; by application into rescue, fishing, sports and others and by region. The global diving compressors market is anticipated to capture a CAGR of 4.6% over the forecast period i.e. 2019-2027.
Rise in Water Sports Activity
Water sports activity rising rapidly 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 activities such as scuba diving and underwater photography to entertain tourists. Such underwater activities rely on an adequate supply of breathable compressed gas, usually air. There is an increasing number of people taking up underwater photography while scuba diving and the number of people taking up such activities are expected to increase in the future. Such factors are expected to positively impact the market over the forecast period.
Technological Advancement in Diving Compressors
The market is witnessing constant innovation in developing more efficient diving compressors. One of such technologies is ORB re-breather which filters the oxygen from surrounding water. This system is fitted with Bluetooth which enables divers to communicate with each other. Manufactures of diving compressors are focusing on new technology associated with compressors to ease the difficulties during refilling of gas in tank inside the water. Invention of automatic compressors which fill the tank according to requirement of gas in tank are expected to face a rising demand in the future. Such factors are expected to boost the market over the forecast period.
High cost of diving compressors is expected to limit the demand for diving compressors in the future.
The market in North America is expected to display a significant growth on the back of increasing number of scuba diving enthusiast. Further, the Europe market for diving compressors is anticipated to face a high demand with the increasing trend of taking up water sports activities.
The market in Asia Pacific is estimated face a higher growth rate during the forecast period on account of innovation in new technology in compressors and participation of people towards water activities.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the diving compressors market which includes company profiling of, Sea Breathe, Brownies Marine Group and Bravaria Kompression Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the diving compressors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.