Diving Compressor Market: Current Analysis and Forecast (2023-2030)

Report Description

The Diving Compressor Market was valued at 124 million in the year 2022 and is expected to grow at a steady rate of around 4.57% during the forecast period (2023-2030), owing to the growing spending on tours and traveling in coastal regions. Furthermore, the growing popularity of recreational activity is also driving up the demand for diving compressors in the market. Water sports such as scuba diving are one of the most popular recreational activities that have seen significant growth in recent years. According to a report by the divedeepscuba, in 2019, there were 2.72 million scuba diving participants in the US alone. The major driver for the growing popularity of water sports is the desire for a more relaxed and tranquil lifestyle. These activities allow individuals to enjoy the great outdoors while experiencing a sense of freedom and adventure. Another factor driving the growth of sports like deep diving is the rise of social media, which has made it easier than ever before to share experiences and connect with other enthusiasts. Online communities and forums dedicated to water sports have sprung up, providing a space for people to ask questions, share tips, and plan trips together. Furthermore, advances in technology have made these activities more accessible and safer.

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Some of the major players operating in the market include BAUER COMP Holding GmbH; Powerdive; AEROTECNICA COLTRI SPA; Nuvair; Lauderdale Divers; Brownie’s Marine Group, Inc; Sea Breathe; Ingersoll Rand; Sulzer; and DeWalt. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, the volume compressor segment held the significant share of the market in 2022.”

Based on type, the market is bifurcated into volume compressor and speed compressor.  Amongst volume diving compressors and speed diving compressors, volume diving compressors hold the majority of the market share and are most widely in use for diving. They are in high demand due to their ability to efficiently compress large volumes of air quickly and effectively. Many modern diving compressors now feature electronic controls that enable precise regulation of air pressure and flow rate. The high demand for volume diving compressors is attributed to several factors such as ease of use, where Volume diving compressors are relatively easy to use and maintain, making them a popular choice for recreational divers. Furthermore, Volume diving compressors are often smaller and lighter than speed diving compressors, making them easier to transport to dive sites. Additionally, Volume-diving compressors are able to compress larger volumes of air faster and more efficiently than speed-diving compressors. Moreover, Volume diving compressors tend to last longer than speed diving compressors due to their simpler design and fewer moving parts. Furthermore, several technological advances are also taking place in this space where companies are coming up with innovative ideas, which are also making the volume compressors more reliable and safe to use further raising the demand. For instance, Modern diving compressors are made from lightweight yet strong materials, such as aluminum or titanium, which enhance their portability and durability. Some advanced diving compressors are equipped with automatic shutoff features that turn off the compressor when it is no longer needed, saving energy and extending its lifespan

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“Amongst application, the recreational segment is anticipated to grow at a significant CAGR during the forecast period (2023-2030).”

Based on application, the market is segmented into fishing, rescue, recreational, and others. Recreational activities generate the maximum demand for diving compressors. Recreational activities have become a significant part of modern society, providing numerous benefits to individuals and communities alike. The notable factor that has increased the spending towards recreational activities is stress relief, where many people find that engaging in recreational activities helps to reduce stress and improve mental health. Outdoor activities like scuba diving allow individuals to connect with nature and disconnect from technology. Furthermore, engaging in recreational activities can also promote personal growth and self-improvement. For example, learning a new skill or taking on a challenge can build confidence and resilience, which also makes scuba diving a popular sport, especially in coastal regions.

Diving Compressor Market Report Coverage

“North America holds the significant share of the diving compressor segment market in 2022.”

North America and Europe are by far some of the biggest markets for the diving compressor market and hold the majority of the market share. The primary reason for this domination is the rising water-based tourism and recreation in the North American region. Furthermore, North America has the highest number of sea divers, followed by Europe. The United States has the largest number of certified scuba divers worldwide, with an estimated 16 million certifications issued since 1950. Canada and Mexico also have a significant number of certified divers. The primary factor contributing to the growth of this industry is increasing interest in technical diving. With the rise of big wall diving, cave diving, and wreck diving, there is growing interest in exploring deeper and more challenging dive sites. Furthermore, many coastal cities and towns in North America have easy access to beaches and waterways, making it convenient for people to try diving. Moreover, Europe also has a well-established diving industry, particularly in countries like France, Italy, Greece, and Turkey. These countries have a long history of diving and offer a wide range of dive sites, from shallow coral reefs to deep wrecks. The Mediterranean Sea is home to a diverse array of marine life, which attracts many divers. Further, this drives up the demand for diving compressors in these regions.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global diving compressor market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Diving Compressor Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global diving compressor market were the three major steps undertaken to create and analyze the adoption of diving compressors in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global diving compressor market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the diving compressor market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the diving compressor market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report, such as type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the diving compressor market. Further, we conducted factor analysis using dependent and independent variables such as the type and application of the diving compressor market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the diving compressor market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global diving compressor market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the diving compressor market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global diving compressor market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global diving compressor market. data was split into several segments & sub-segments after studying various parameters and trends in the areas of the voltage, application, and end-user in the global diving compressor market.

The main objective of the Global Diving Compressor Market Study

The current & future market trends of the global diving compressor market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the diving compressor market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the type and application.
• Define and analyze the regulatory framework for the diving compressor
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the diving compressor market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the diving compressor market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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