Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Air Compressor Market Size is Expected to Grow from USD 26.09 Billion in 2023 to USD 41.46 Billion by 2033, at a CAGR of 4.74% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Air Compressor Market Size, Share, and COVID-19 Impact Analysis, By Mode of Operation (Rotary, Centrifugal, and Reciprocating), By Product Type (Stationary and Portable), By Lubrication (Oil Filled and Oil Free), By Application (Manufacturing, Oil & Gas, Energy & Power, Electronics and Semiconductor, Healthcare, Food and Beverages, and Others (Aerospace)), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
An air compressor is a mechanical device that converts power from an electric motor, diesel, or gasoline engine into potential energy stored in pressurized air. This increases air pressure and reduces volume, allowing compressed air to be stored in a tank for powering tools and equipment. Air compressors use the kinetic energy of compressed air to power machines, tools, and other equipment across a range of industries. They make it easier to transport gases and fluids, produce petrochemicals, run pneumatic machines, and cool down. Dehydration, vacuum packaging, air blowing, spray painting, tool powering, cleaning, and medical equipment are some of the uses for them. Electrical power, oil and gas, petroleum, chemicals, and manufacturing are just a few of the industries that use air compressors because of their economical production methods and growing demand as a result of environmental requirements in emerging nations. The use of air compressors is encouraged by government initiatives to protect the environment and promote energy efficiency. For instance, the Indian government introduced the Hydrocarbon Exploration and Licensing Policy (HELP) to increase local oil and gas production. In order to draw investments and lessen India's reliance on hydrocarbon imports, HELP seeks to simplify regulations, provide tax benefits, and grant pricing and marketing independence. However, the cost of raw materials affects demand and market competitiveness, which in turn affects air compressor prices. Market expansion is hampered by the high demand and limited supply of commodities that are frequently utilized in other products.
The rotary segment is predicted to hold the greatest market share through the forecast period.
Based on the mode of operation, the air compressor market is classified into rotary, centrifugal, and reciprocating. Among these, the rotary segment is predicted to hold the greatest market share through the forecast period. The efficiency, low maintenance requirements, and continuous operating adaptability of compressors which use two rotating screws make them perfect for professional and industrial applications across the globe, including manufacturing and construction. Positive-displacement rotary compressors provide dependable, high-quality compressed gas or air for a range of uses. Customer preferences for energy savings, longer product life cycles, and overall life cycle costs are all greatly influenced by their maintenance and operating expenses.
The stationary segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the product type, the air compressor market is divided into stationary and portable. Among these, the stationary segment is anticipated to hold the greatest market share during the projected timeframe. These larger, more powerful products are ideal for heavy-duty applications and are specifically designed for specific locations like workshops or industrial settings, making them suitable for installation. Positive-displacement rotary compressors provide dependable, high-quality compressed gas or air for a range of uses. Customer preferences for energy savings, longer product life cycles, and overall life cycle costs are all greatly influenced by their maintenance and operating expenses.
The oil-filled segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the lubrication, the air compressor market is divided into oil-filled and oil-free. Among these, the oil-filled segment is anticipated to hold the greatest market share during the projected timeframe. Heavy and costly, oil-filled compressors need to be lubricated often to ensure smooth piston action. They dominate the manufacturing, energy, and chemical industries due to their noiseless operation and longer service life. Despite their endurance and lower noise levels, their adoption is hampered by significant maintenance costs.
The manufacturing segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the air compressor market is divided into manufacturing, oil & gas, energy & power, electronics and semiconductors, healthcare, food and beverages, and others (aerospace). Among these, the manufacturing segment is anticipated to hold the greatest market share during the projected timeframe. Growing atomization requirements in the manufacturing sector and the development of newer, more sophisticated industrial facilities are driving the demand for compressed air manufacture on the global market.
Asia Pacific is estimated to hold the largest share of the air compressor market over the forecast period.
Asia Pacific is estimated to hold the largest share of the air compressor market over the forecast period. The demand for smart IIoT-enabled compressors from China, India, and Japan is predicted to drive a large portion of the Asia Pacific market. Other factors propelling growth include the expansion of manufacturing sectors, infrastructure development, and rapid industrialization. China is expanding as a result of investments in energy infrastructure and the need for semiconductors. It is anticipated that industry growth will be fueled by the expanding usage of compressors in manufacturing and the automotive sector.
North America is predicted to have the fastest CAGR growth in the air compressor market over the forecast period. The increasing need for enhanced functionality in industrial, oil and gas, and energy and power applications, supported by important sectors and technical breakthroughs, is expected to drive the market. This increased trend is also being driven by the growing need for energy-efficient compressors in industries like healthcare and construction. For instance, ELGi Compressors USA, Inc. (ELGi) subsidiary ELGi Equipments Limited announced plans to expand its presence by rebranding its portable air compressor in North America, which was formerly known as Rotair.
Company Profiling
Major key players in the air compressor market include Atlas Copco AB, Ebara Corporation, Elgi Equipment Ltd., Ingersoll Rand Inc., Kirloskar pneumatic company limited, Kobe Steel Ltd., Mitsubishi Heavy Industries Ltd., Sullair, Sulzer Ltd., and VMAC, and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the air compressor market based on the below-mentioned segments:
Global Air Compressor Market, By Mode of Operation
Global Air Compressor Market, By Product Type
Global Air Compressor Market, By Lubrication
Global Air Compressor Market, By Application
Global Air Compressor Market, By Regional Analysis
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