Global Air Compressor Market 2024 – 2033

Reports Description

According to Research Study published by Custom Market Insights (CMI), The global air compressor market presented a growth of USD 31.86 billion by the year 2021 and is expected to reach USD 36.8 Billion in 2022 and is expected to reach USD 55.98 billion by the end of 2030 at a compound annual growth rate of 5.5% during the forecast period.

Demand for various air compressors that help in increasing the efficiency of the operations and also bring better output will lead to the growth of the air compressors market in the coming years. When there is a need for robust compressors Rotary compressors are manufactured that have oil-filled lubrication and this will help in the growth of the market during the forecast period. Most manufacturers across the globe are engaged in increasing the production of air compressors that are oil-free as it happens to be sustainable and environmentally friendly. In industries that need cost-effective and lightweight air compressors, such air compressors shall help meet the demands.

The market is expected to grow well in various nations across the globe as the demand for air compressors has increased in the gas and oil industry, manufacturing industry and other industries. Even though the supply chain and logistics functions were disrupted during the outbreak of the COVID-19 pandemic the market will still continue to grow well in the coming years. Conventional compressors are being replaced by Rotary compressors. As these compressors provide more efficiency in terms of energy consumption and they also are more reliable therefore the market will continue to grow well.

Growth Factors

In order to have technologically advanced products, most manufacturers are engaged in providing new technology. These manufacturers are engaged in providing air compressors that will provide better output. The high performance of the air compressors will provide major opportunities for the growth of the market during the forecast period. Depending upon the need, various industries seek oil-filled or oil-free compressors.

As the manufacturing sector has grown well the increased use of equipment and machinery will create more demand for their compressors. As the need for renewable resources and crude oil has also increased in recent years the need for air compressors will continue to grow. With the consumption of about 95 million of barrels worldwide, the need for air compressors will increase. The demand for Rotary compressors will grow in the coming years as they are more reliable and efficient. The rules and regulations that are imposed by various governments in different regions support the standards of energy optimization it will create more demand for air compressors.

Segmental Insights

Segmentation of air compressor market on the basis of mode of Operation

On the basis of mode of operation, the segment of rotary Emerged as the largest global market pertaining to the increasing consumer preference towards such compressors that provide numerous benefits during the operation process. The various benefits that are obtained from the usage of Rotary compressors have helped to make this segment a leading market player among the other competitors that are available in the market. the build quality of rotary compressors is extremely durable which makes it the primary choice of numerous end users as it imposes unless are expense on the key market players in the long run.

We used a client base existing in the market for this segment has emerged as the major reason for the growth of the market which is expected to increase further in the long run. The various markets and companies that are emerging are looking for more efficient devices and equipment that provide better performance and consume a considerably lesser amount of energy so that it has a milder impact on the total expenses made by the industries.

With a view to increasing the profits made from a certain business, it is very important to prevent the excess expense that takes place for the accessory factors which are responsible for running the business, this point of view is taken into consideration by numerous industries all over the world which are aiming at adopting advanced machinery’s which consume lesser amount of energy and produce maximum work in a shorter period of time. And other options which are available in the market are quite cheaper in comparison to these compressors and hence are imposing a tremendous challenge in front of the key market players.

Segmentation of air compressor market on the basis of product Type

On the basis of product type, the segment of stationary compressors has emerged as the largest global market pertaining to the increased demand for such machinery among numerous industries all over the world. The increasing demand for automated machines that function on modern technologies has recently seen tremendous demand from numerous big companies which has helped the market to record considerable revenue over the period of time.

The efficiency of the stationary compressors is quite high as compared to the other options available in the market. Significant growth is observed in the segment of portable compressors which provides an additional benefit of portability to the potential consumers and hence is showing significant growth over the period of time which is foreseen to develop further and support the growth of the market to a great extent. The integration of multiple automated machines helps to provide a better output in a shorter period of time which has become the primary need of every developing industry in the world. More profit returns can be earned with the help of automated machines as compared to the other options available in the market which makes the segment of stationary compressors a leading market player among the other segments under this category.

Air compressor market segment on the basis of Lubrication

On the basis of lubrication, the oilfield segment is expected to have the largest market share in the coming years period this segment has dominated the market in the past and will continue to grow well in the coming years. It has been predicted that the segmented cell grow to U.S. dollars 25.90 billion during the forecast. Increased adoption of the air compressors of the oil field lubrication is used in commercial applications. It is used in the chemical industries, manufacturing industries and energy industries. They do not make a lot of noise and they are durable due to which the oilfield compressors are preferred more in comparison with oil-free compressors.

The highest compound annual growth rate will be registered for the oil-free segment. As new regulations which are implemented have focused more on environmental safety and these regulations aimed at reducing the number of emissions due to which this augment is expected to grow well in the coming years. In recent years rapid industrialization has been one of the factors that shell create more demand for this segment. As the manufacturing industries, food processing industries and semiconductor industries have great demand for air compressors that have oil-free lubrication the market will grow well in the coming years.

Air compressors market segment on the basis of Application

On the basis of application manufacturing segment will have a greater share as compared to the other applications during the forecast period. Rapid industrialization is one factor that will lead to the growth of the market in the coming year. The demand for air compressors has increased in the manufacturing industries in the countries like Brazil, China and India, as there is a growing need for air compressors that are energy efficient and advanced. Apart from the growth of the air compressors demand in the manufacturing sector demand is expected to grow in the gas and oil sector. It will grow the maximum compound annual growth rate as compared to the other segments in the coming year. In the oil and gas sector, air compressors plan an extremely significant role in compressing crude oil for transportation by pipeline. few countries have legislations that make it mandatory for this type of treatment of crude oil.

Report Scope

Regional Insights

The maximum share will be held by the Asia Pacific region during the forecast period. In the past, this region has held the maximum share in the market in terms of revenue and it will continue to grow well in the coming years. As the investments from the government in this region are increasing which help in rapid industrialization and the development of infrastructure this will play an important role in the growth of the market. Increased use of air compressors in the home appliances, manufacturing, gas and oil industries and the food industry as well as the beverages industry will lead to major growth in the market.

Many manufacturers of air compressors are present in the nations like China and India. As there has been a growth in the manufacturing industries in the nations like Taiwan and China the market will continue to grow well in the coming years. As the consumption of electronics has also increased to a great extent the demand for air compressors will continue to grow well in the coming year.

The European and North American regions will also show significant growth in the market during the forecasted period. brother major opportunities will be provided for the growth of this market in the Eastern European region as the investments in this region have increased. as the demand for various products that are energy efficient said simply for usage has grown in recent years the demand for air compressors will continue to grow.

Key Players

• Aerzener Maschinenfabrik GmbH
• Ciasons Industrial Inc.
• Desran Compressor (Shanghai) Co., Ltd.
• Doosan Corporation (Doosan Infracore Portable Power )
• Atlas Copco AB
• Berkshire Hathaway Inc. (Campbell Hausfeld)
• Ebara Corporation
• Elgi Equipments Limited
• Gardner Denver Holdings, Inc.
• Hitachi, Ltd. ( Sullair, LLC)
• Indo-Air Compressors Pvt. Ltd.
• NINGBO XINDA GROUP CO., LTD (AUGUST Screw Air Compressor)
• Stanley Black & Decker Corporation (Porter Cable)
• Suzler Ltd
• Ingersoll-Rand plc
• Kirloskar Pneumatic Company Limited
• Kobe Steel, Ltd.
• Mitsubishi Heavy Industries Ltd.
• VMAC Global Technology Inc

Recent Development  

• STERI Was acquired by Atlas Copco in the year 2021. This organization provides air compressors in many regions of Italy.
• Air dimensions were acquired by Ingersoll Rand India 2021 the acquisition was worth U.S. dollar 70.5 million. air dimensions manufacturers and designs the pumps like the vacuum diaphragm and sells them for environmental applications in sustainable markets.

Segments covered in the Report

By Mode of Operation

• Reciprocating
• Rotary
• Centrifugal

By Type

• Portable
• Stationary

By Lubrication

• Oil filled
• Oil free

By Application

• Food and beverages
• Manufacturing
• Healthcare
• Electronic and semiconductors
• Home appliances
• Oil and gas
• energy
• Others

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America