28-Feb-2023 | Facts and Factors
According to Facts and Factors, the global air compressor market size was worth around USD 20.9 billion in 2022 and is predicted to grow to around USD 27.5 billion by 2030 with a compound annual growth rate (CAGR) of roughly 3.5% between 2023 and 2030.
An electric generator or diesel engine powers an air compressor, which is a mechanical device that converts energy from one form to another and stores it in pressurized air. Numerous industrial and non-industrial uses, such as HVAC control systems, powered industrial tools, ventilation systems, and powered machine tools, all make use of pressurized air. To supply the necessary energy to various pieces of machinery, tools, and equipment across numerous industry sectors, air compressors make use of the kinetic energy stored in the compressed air.
Browse the full “Air Compressor Market Size, Share, Growth Analysis Report By Type (Portable and Stationary), By Product (Reciprocating/Piston, Rotary/Screw and Centrifugal), By Lubrication (Oil-Filled and Oil-Free), By Application (Manufacturing, Semiconductors & Electronics, Food & Beverage, Healthcare/Medical, Home Appliances, Energy, Oil & Gas, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030" report at https://www.fnfresearch.com/air-compressor-market
The development of air compression technologies has a significant impact on equipment compression capabilities, which pushes the expansion of the global air compressor market over the forecast period. Additionally, it is expected that an increase in the adoption of durable and energy-efficient appliances will further fuel the industry's demand for air compressors. Additionally, a rise in middle-class & high-income households around the world, rising GDP, and improved living standards of the populace are all factors in the increased demand for home cooling equipment.
Additionally, increased productivity and shorter lead times at the factory are related to industrial manufacturers' increasing preference for plant automation. These elements are expected to favorably fuel the expansion of the global air compressor market. The overall market development will be hampered by several limitations and challenges. The air compressor industry development is being constrained by factors like a lack of skilled workers, technicians, and engineers.
Furthermore, the high cost of equipment installation and maintenance is anticipated to restrain growth over the forecast time. However, technological advancement has enhanced air compressors' compression capacities, which is expected to increase demand for air compressors. The development of portable and energy-efficient air compressor designs has been widely embraced by industries around the globe. Over the projection period, this will present lucrative growth potential.
The global air compressor market is segmented based on type, product, lubrication, application, and region.
Based on the lubrication, the air compressor industry is bifurcated into oil-filled and oil-free. The oil-filled segment is anticipated to capture the highest market share over the forecast period. Oiled-filled air compressors are extensively used in the energy, manufacturing, and chemical sectors for commercial applications. Compared to oil-free compressors, they are robust and quiet. Besides, the oil-free segment is expected to grow at the fastest rate during the forecast period, owing to the implementation of new regulations to reduce emissions and governments' increased emphasis on environmental safety. Furthermore, factors such as rapid industrialization and the expansion of the manufacturing, food processing, and semiconductor sectors are driving demand for air compressors.
Based on the type, the global market is bifurcated into portable and stationary.
Based on the product, the air compressor industry is segmented into reciprocating/piston, rotary/screw, and centrifugal.
Based on the application, the market is bifurcated into manufacturing, semiconductors & electronics, food & beverage, healthcare/medical, home appliances, energy, oil & gas, and others. The manufacturing segment is expected to dominate the market over the forecast period. This is due to the accelerated industrialization of emerging nations like Brazil, China, and India as well as the growing demand for high-tech, energy-efficient air compressors in the manufacturing industry.
Due to ongoing government expenditures in infrastructure development and rapid industrialization, Asia Pacific is anticipated to hold the largest air compressor market share during the forecast period. The demand for air compressors from a variety of uses, including the food and beverage, manufacturing, household appliances, and oil and gas industries, is what is causing the market to expand. Additionally, the existence of numerous compressor producers in China and India, as well as the substantial industrial bases for the production of electronics and semiconductors in China and Taiwan, are anticipated to fuel market expansion.
Market Size in 2022
USD 20.9 Billion
Projected Market Size in 2030
USD 27.5 Billion
CAGR Growth Rate
Key Market Players
Aerzener Maschinenfabrik GmbH, Ciasons Industrial Inc., Doosan Corporation (Doosan Infracore Portable Power), Atlas Copco AB, Berkshire Hathaway Inc. (Campbell Hausfeld), Ebara Corporation, Gardner Denver Holdings Inc., Hitachi Ltd.( Sullair LLC), Stanley Black & Decker Corporation (Porter Cable), Suzler Ltd, Kobe Steel Ltd., Desran Compressor (Shanghai) Co. Ltd., Elgi Equipments Limited, Indo-Air Compressors Pvt. Ltd., NINGBO XINDA GROUP CO. LTD (AUGUST Screw Air Compressor), Kirloskar Pneumatic Company Limited, Ingersoll-Rand plc, VMAC Global Technology Inc, Mitsubishi Heavy Industries Ltd., and others.
By Type, Product, Lubrication, Application, and Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
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The global air compressor market is dominated by players like Aerzener Maschinenfabrik GmbH, Ciasons Industrial Inc., Doosan Corporation (Doosan Infracore Portable Power), Atlas Copco AB, Berkshire Hathaway Inc. (Campbell Hausfeld), Ebara Corporation, Gardner Denver Holdings, Inc., Hitachi, Ltd. ( Sullair, LLC), Stanley Black & Decker Corporation (Porter Cable), Suzler Ltd, Kobe Steel, Ltd., Desran Compressor (Shanghai) Co., Ltd., Elgi Equipments Limited, Indo-Air Compressors Pvt. Ltd., NINGBO XINDA GROUP CO., LTD (AUGUST Screw Air Compressor), Kirloskar Pneumatic Company Limited, Ingersoll-Rand plc, VMAC Global Technology Inc and Mitsubishi Heavy Industries Ltd. among others.
- In February 2022, M.R. Organization, headquartered in Ahmedabad, Gujarat, India, had previously announced plans to buy StandardAir, a provider of air compressor parts with headquarters in the United Kingdom. Both businesses will provide air compressor parts to all significant businesses around the globe. While StandardAir serves all major air compressor brands in Europe and the Middle East, M.R. Organization serves 72 nations. Additionally, this acquisition strengthens the M.R. Organization's position throughout all of Europe, one of the key markets for the company's expansion.
- In June 2022, a two-stage 15HP and 10HP compressor was introduced by Elgi Equipments at an industry convention in Tamil Nadu, India. Improved efficiency, two-stage compression, reduced volumetric space utilization, and the ability to operate in erratic power supplies are among the features of the product.
The global air compressor market is segmented as follows:
- Semiconductors & Electronics
- Food & Beverage
- Home Appliances
- Oil & Gas
- North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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