by The air compressor market was valued approximately at US$ 33.31 Bn in 2021 and is projected to hit US$ 6 Bn by 2030, registering a CAGR of 3.1% every year.
The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2022 to 2030. The air compressor market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
The global air compressor market is expected to grow rapidly during the forecast period owing to the surging demand for the air compressors across various end use verticals such as food and beverages, mining, electronics, healthcare/medical, oil and gas, construction, and others.
The growing demand for the innovative air compressors to effectively provide power to the tools at low cost is driving the market growth. Moreover, the surging investments in the development of enhanced oil and gas pipeline networks in the countries like US and the rapid industrialization of the developing regions are the most prominent market drivers. The constant product launches by the key market players is further fueling the growth of the market across the globe.
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Air Compressor Market Scope
| Report Coverage | Details |
| Market Size by 2030 | USD 43.73 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 3.1% |
| Asia Pacific Market Share in 2020 | 30% |
| Stationery Growing Market Share in 2020 | 50% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Air Compressor Market : Report Highlights
- Based on the type, the portable is estimated to be the fastest-growing segment. The portable air compressors provide energy sources to the numerous tools and equipment especially in the mining and construction industries. Therefore, the surging adoption of the portable air compressors in these industries is expected to drive the market growth.
- Based on the product, the rotary/screw segment dominated the market in 2020. The higher adoption of the rotary air compressors in the giant industries like paper and pulp, electric power, mechanical and electrical machinery, and mining and metallurgy has fostered the growth of this segment.
- Based on the application, the manufacturing segment dominated the market in 2020. The huge demand for the air compressors in the manufacturing industry across the developed and developing regions has significantly boosted the growth of the air compressor market in the past few decades. The surging investments in the industrialization of the developing regions are expected to further fuel the growth of this segment in the upcoming future.
Air Compressor Market : Regional Snapshot
Asia Pacific accounted for a market share of over 30% and dominated the global air compressor market in 2020. Asia Pacific is characterized by the presence of numerous industries. The government policies and investments has significantly fostered the development of various industries in the region. The countries like China, India, South Korea, and Taiwan are some of the major manufacturing centers of the globe. The availability of cheap labor and raw materials has propelled the growth of the manufacturing sector in Asia Pacific, which has resulted in the huge demand for the air compressors. The rapid industrialization of the Asia Pacific region is further expected to spur the demand for the air compressors in the forthcoming future.
North America is expected to grow at a significant rate throughout the forecast period. The innovative eco-friendly air compressors are gaining rapid traction in the various end use verticals in North America. The rising adoption of the latest technologies to increase operational efficiency and reduce costs along with the enhanced production is driving the adoption of the various air compressors in the industries in North America.
Air Compressor Market Dynamics
Driver
Rising demand for the durable compressors
The demand for the highly durable air compressor is boosting for the applications in the drilling process. The increment in the use of various machineries in the manufacturing and other industries has fueled the market growth. The rapidly growing oil and gas industry owing to the rising demand for power and fuel across the globe is significantly boosting the demand for the durable air compressors. The surging consumption of oil all over the globe is expected to drive the demand for the air compressors among the oil producers to increase productivity at lower costs.
Restraint
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The installation cost of the modern compressors in high
The installation of modern and innovative air compressors like rotary air compressor involves a high procurement and installation costs. The high capital investments may restrict the end users with restricted financial capacities to adopt the modern air compressors. This is major restraining factor that may hamper the market growth during the forecast period.
Opportunity
Constant product launches
The manufacturers are investing heavily in the R&D and are constantly engaged in the introduction of new and innovative features in the air compressors. For instance, in February 2021, Sullair introduced its Mid-Range Series Portable Compressors. This product is integrated with the electronic spiral valve technology that offers flexibility and enhanced operational efficiency. These new features may provide various growth prospects in the foreseeable future.
Challenge
Low penetration in the underdeveloped market
The industrial growth in the underdeveloped economies is very low. The low presence of the industries in the underdeveloped markets is limiting the growth of the air compressor market.
Some of the prominent players in the global air compressor market include:
- Atlas Copco AB
- Kobe Steel Ltd.
- ElgiEquipments Limited
- Ingersoll-Rand PLC
- Kirloskar Pneumatic Company Limited
- Mitsubishi Heavy Industries Ltd.
- Suzler Ltd.
- Ebara Corporations
- Porter Cable
- VMAC Global Technology Inc.
Market Segmentation
By Type
- Stationery
- Portable
By Product
- Rotary
- Screw
- Scroll
- Others
- Centrifugal
- Reciprocating
By Application
- Electronics
- Manufacturing
- Oil and Gas
- Healthcare
- Food & Beverages
- Home Appliances
- Energy
- Others
By Lubrication
- Oil free
- Oil filled
By Power Rating
- 0-100 kW
- 101-300 kW
- 301-500 kW
- 501 kW & above
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Air Compressor Market
5.1. COVID-19 Landscape: Air Compressor Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Air Compressor Market, By Type
8.1. Air Compressor Market, by Type, 2022-2030
8.1.1. Stationery
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Portable
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Air Compressor Market, By Product Type
9.1. Air Compressor Market, by Product Type, 2022-2030
9.1.1. Rotary
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Centrifugal
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Reciprocating
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Air Compressor Market, By Technology Type
10.1. Air Compressor Market, by Technology Type, 2022-2030
10.1.1. Electronics
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Manufacturing
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Oil and Gas
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Food & Beverages
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Healthcare
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Home Appliances
10.1.6.1. Market Revenue and Forecast (2017-2030)
10.1.7. Others
10.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Air Compressor Market, By Lubrication Type
11.1. Air Compressor Market, by Lubrication Type, 2022-2030
11.1.1. Oil free
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Oil filled
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Air Compressor Market, By Power Rating Type
12.1. Air Compressor Market, by Power Rating, 2022-2030
12.1.1. 0-100 kW
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. 101-300 kW
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. 301-500 kW
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. 501 kW & above
12.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Air Compressor Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.2. Market Revenue and Forecast, by Product (2017-2030)
13.1.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.1.5. Market Revenue and Forecast, by Power Rating (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.1.7. Market Revenue and Forecast, by Power Rating (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Power Rating (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.2.5. Market Revenue and Forecast, by Power Rating (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.7. Market Revenue and Forecast, by Lubrication (2017-2030)
13.2.8. Market Revenue and Forecast, by Power Rating (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.10. Market Revenue and Forecast, by Lubrication (2017-2030)
13.2.11. Market Revenue and Forecast, by Power Rating (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.2.13. Market Revenue and Forecast, by Power Rating (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.2.15. Market Revenue and Forecast, by Power Rating (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.3.5. Market Revenue and Forecast, by Power Rating (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.3.7. Market Revenue and Forecast, by Power Rating (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.3.9. Market Revenue and Forecast, by Power Rating (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Power Rating (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Power Rating (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.4.5. Market Revenue and Forecast, by Power Rating (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.4.7. Market Revenue and Forecast, by Power Rating (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.4.9. Market Revenue and Forecast, by Power Rating (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Power Rating (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Power Rating (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.2. Market Revenue and Forecast, by Product (2017-2030)
13.5.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.5.5. Market Revenue and Forecast, by Power Rating (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.5.7. Market Revenue and Forecast, by Power Rating (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Lubrication (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Power Rating (2017-2030)
Chapter 14. Company Profiles
14.1. Atlas Copco AB
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Kobe Steel Ltd.
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. ElgiEquipments Limited
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Ingersoll-Rand PLC
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Kirloskar Pneumatic Company Limited
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Mitsubishi Heavy Industries Ltd.
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Suzler Ltd.
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Ebara Corporations
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Porter Cable
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. VMAC Global Technology Inc.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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Frequently Asked Questions:
[sc_fs_multi_faq headline-0=”h6″ question-0=”What is the current size of air compressor market?” answer-0=”According to Precedence Research, the global air compressor market size was valued at US$ 33.31 billion in 2021 and is anticipated to rake US$ 43.73 billion by 2030. ” image-0=”” headline-1=”h6″ question-1=”What will be the CAGR of global air compressor market?” answer-1=”The global air compressor market is expected to drive growth at a CAGR of 3.1% over the forecast period 2022 to 2030. ” image-1=”” headline-2=”h6″ question-2=”Who are the major players operating in the air compressor market?” answer-2=”The major players operating in the air compressor market are Atlas Copco AB, Kobe Steel Ltd., ElgiEquipments Limited, Ingersoll-Rand PLC, Kirloskar Pneumatic Company Limited, Mitsubishi Heavy Industries Ltd., Suzler Ltd., Ebara Corporations, Porter Cable, VMAC Global Technology Inc.” image-2=”” headline-3=”h6″ question-3=”Which are the driving factors of the air compressor market?” answer-3=”The global air compressor market is expected to grow rapidly during the forecast period owing to the surging demand for the air compressors across various end use verticals such as food and beverages, mining, electronics, healthcare/medical, oil and gas, construction, and others. ” image-3=”” headline-4=”h6″ question-4=”Which region will lead the global air compressor market?” answer-4=”Asia Pacific region will lead the global air compressor market in near future. ” image-4=”” headline-5=”h6″ question-5=”” answer-5=”” image-5=”” count=”6″ html=”true” css_class=””]
