Market Overview:

Global Air Compressor Market size was valued at around 25.46 billion in 2023 and is expected to reach a value of USD 37.84 Billion by 2032, at a CAGR of 4.5% over the forecast period (2024–2032).

One energy source supportive of manufacturing is compressed air. It is also a very expensive part of the plant's production of goods and services. An excellent potential for savings thus lies in improving the efficiency of an existing system. To realize this potential, one needs to understand the system dynamics and ensure the compressor supply always meets the actual system demands.

The air in the piping distribution system, at a higher pressure, gives energy to perform activities. All that the air compressors are doing is re-supplying the air that has been consumed. That's an important distinction to make. The connecting pipes receive the energy used to compress the air and distribute it to various demands around the facility. In fact, the energy required is that which has been removed from the system by air that is already stored in the pipes. Air leaves a plant and is produced in the compressor room in two different ways and has inefficiencies. Optimal amount of supply-demand matching demands attention to generation as well as storage constraints. The equilibrium of every air system is based on the compressor's input as well as demands that use air downstream. So, the amount of energy that is spent in addition to that which is normally lost in this system equals that which is coming in from the compression of air. Any spare energy is released from storage or put into storage. The point of equilibrium rebalances when either side of the equation shifts. The control of the balance point is proactive and constructive in ensuring that the system is always operating at its energy level.

Market Drivers

Rapid industrialization and increasing automation in emerging economies

• Industries that use industrial air compressors range from chemicals and petrochemicals, oil and gas, construction, automotive and transportation, packaging, power generation, healthcare, metals and mining, among others. On the other hand, 70% of all manufacturers use compressed air systems. The rapidly growing industrialisation and manufacturing activities therefore offer tremendous growth potential for the industrial air compressor industry due to increasing investments and capacity expansions. Africa and Asia Pacific are growing economies that have developed their industrial and economic advancements. There is also the growing demand for industrial air compressors through government initiatives that are driving industrial automation. Industrial automation also aims at providing the best means of using the available resources, and the use of compressors can be the power supply to conveyors, packaging, automation equipment, and pneumatic tools.
• According to the World Energy Investment Report 2021 by International Energy Agency, the yearly world-wide energy investment is expected to return to pre-crisis levels. The composition of that investment has changed-from conventional fuel production to the power and end-user industries. While new power productions are being conducted in Asia Pacific, Africa, and the Middle East, new oil refineries are under construction in Saudi Arabia, the US, China, Brunei, India, and Russia. For one, compressors are crucial for the processing and operating mechanisms in the chemical and oil and gas refining industries of those large economies: China, India, South Korea, and Russia that are experiencing global capacity expansion and new construction in chemicals. In oil and gas refineries, for instance, compressors are used to deliver high and uniform process gas flow through the near conduct to the reactor.

Market Opportunities

Increasing demand for energy-efficient air compressors

• The 2015 Paris Agreement, for instance, focused on efforts needed globally to utilize low-carbon energy sources in curbing GHG emissions. It limited the rise in the global mean surface temperature to below 2°C above pre-industrial levels by the end of the century. As concerns over the cost of energy and GHG emissions gain traction, energy efficiency in compressed air systems has taken centre stage. The European Union (EU) has established the 2030 Climate Target Plan to reduce GHG emissions by at least 55% below 1990 levels by 2030.
• Compressed air systems play an important role in industrial sectors and must be in line with energy policies. However, the convenience and safety of producing compressed air have led to widespread application of air compressors in almost all industries. According to the US Department of Energy (DOE), 50% of industrial plant air systems have significant potential for energy savings with relatively low implementation costs. In order to realize these savings, compressed air systems require regular maintenance and close monitoring that enhances the life cycle of pneumatic devices and boosts system reliability.
• The long-term savings from modern compressors and the environmental cleanliness that can be achieved make them an important choice. Eco-friendly compressors consume less fuel and are noisier than others. More advanced air compressor systems have been designed with the recovery of heat from the compressors, with up to 94% being captured and utilized for pre-heating feedwater or air, which is crucial for power generation industries. They further recommend IE4 compliant motors, thereby helping cut electricity usage further. This also presents quite enormous growth potential in the industrial air compressor market over the following years.

Market Restraining Factors

Increased financial losses, equipment downtime, and unnecessary capacity additions associated with air leaks

• Leaks, fictitious demand, and bad procedures can cause increased financial losses, equipment downtime, and needless capacity additions. Leaks reduce compressed system profitability because there is an average loss between 25 and 35 percent of its compressed air. Air leaks at a production facility may be the biggest source of compressed air energy waste. A 100-psi system, for example, may waste as much as nearly USD 12,000 annually just due to an eighth inch in diameter leak. To replace a single quarter-inch leak in one of a facility's lines for compressed air, a facility can expect to shell out between USD 2,500 and USD 8,000 per year, considering pressure requirements and energy expenditures. In addition to compensating for leaks, pressure drops, and flow irregularities, many air systems operate at high pressures to account for peak demand. However, operating at high pressures can impose up to 25 percent higher compressor capacity than is needed, creating artificial demand—wasted air. Consequently, several SMEs would experience problems in dealing with leaks and conducting air audits, resulting in production losses and more time away from work.

Segmentation Analysis

The market scope is segmented because of by Type, by Product, by Lubrication.

• By Type

Based on the Type of the market is segmented into Stationary, Portable.

In 2023, the stationary air compressor segment accounted for the largest revenue share of 61.2% and dominated the market based on type. Manufacturing facilities, industrial facilities, and auto repair shops are the perfect places to use the stationary air compressors. Moreover, portable air compressors are better suited for heavy-duty applications, although permanent air compressors are usually bigger and more powerful.

The portable air compressors are likely to experience significant growth in the time frame. They come in all shapes and sizes. The bigger types have wheels attached to them so that they can be moved easily. The smaller ones are also easy to carry around. For small-scale applications such as houses and construction sites, they are ideal. With increasing efforts to curb the energy intake and emission, people and companies look for other alternatives like a portable air compressor that will be environmentally sustainable, reduce carbon footprints, and increase the smooth flow of activities.

• By Product

Based on the Product of the market is segmented into Oil Free, Oil Filled.

The oil-filled air compressor sector had the market leader and largest revenue share in 2023. Oil-filled air compressors, also known as oil-lubricated air compressors, are those where the interior parts use oil as a coolant and lubricant, including the compressor pump. Oil-filled air compressors are commonly used in most commercial and industrial settings where dry, clean, and oil-free compressed air is not strictly required.

The oil-free air compressors are expected to post a healthy compound annual growth rate over the projection period. Some of the multiple benefits that these oil-free mobile air compressors provide will be a reason for expansion in the market. These include less chance for contamination, maintenance and replacement being cheaply affordable, energy costs low, and little environmental effect. Low maintenance, environmentally friendly, and oil-free models to attract customers for selecting cutting-edge and energy-efficient mobile air compressors are offered by leading companies. Ingersoll Rand, Atlas Copco, and BAUER COMP Holding GmbH, for example, have developed highly performing technologies in the form of innovative products.

• Regional Snapshots

By region, Insights into the markets in North America, Europe, Asia-Pacific, Latin America and MEA are provided by the study. Asia Pacific dominated the market and held the highest revenue share in 2023 at 42.1% and is also likely to grow at the fastest rate. China's massive industrial sector, which has numerous applications, may drive the country's demand for air compressors. China is a significant hub for the production of electronics, such as semiconductors, microchips, and other electronic parts.

The European market is likely to grow at a profitable rate during the forecast period as the European countries consider sustainability and energy efficiency as highly significant. With increasing environmental demands and the alarming effect of global warming, industries have been opting for energy-efficient air compressor solutions.

List of Companies Profiled:

• Ansell Ltd
• Atlas Copco
• Strategic initiatives
• Bauer Group
• BelAire Compressors
• Cook Compression
• Compressor Products International (CPI)
• Frank Technologies
• Strategic initiatives
• Galaxy Auto Stationary Equipment Co. Ltd.
• Gast Manufacturing, Inc.
• GE Energy, Heyner
• Hitachi Industrial Equipment Systems Co. Ltd.
• Hoerbiger, Ingersoll Rand Plc
• Kaeser Compressors
• MAT Industries, LLC

Key Industry Developments

In August 2023, FS Elliot Co., LLC introduced a centrifugal air compressor, the P400HPR. With enhanced features and outstanding performance, the P400HPR meets every high-pressure application while guaranteeing energy efficiency and dependability. Some of the well-known companies in the air compressor market.

In April 2023, Atlas Copco acquired the business segment of compressed air of Asven S.R.L., a company that specializes in the maintenance and installation as well as marketing of compressed air systems.

Report Coverage

The report will cover the qualitative and quantitative data on the global Air Compressor Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations

Regional Analysis:

Global air compressor market scope includes various regions including North America, Europe, Middle East and Africa, and South America.

Asia-Pacific is witnessing tremendous growth in industrialization in different industries, owing to continuous government investments in infrastructure development and rapid industrialization. Japan air compressor is expected to witness growth on account of an increase in usage in end-use sectors such as food & beverage, manufacturing, home appliances, oil & gas, and energy. are creating a huge demand for safe air packaging and vacuum packaging to enhance their shelf lives, thus leading to an increase in the demand for air compressors in the Japanese market. are the driving factor for the air compressor market in the long run.

Further, the government is advancing a wide variety of policy initiatives in cooperation with private sector parties such as public-private partnerships across developments such as metro projects, road constructions, and ONGS, as these projects would create huge demand air compressor in the Japanese market. Compact designs and structures have led to a reduction in the portable compressor's weight, which in turn is saving energy costs and increasing overall efficiency thus increasing demand would create ample demand for air compressors in Japan.

With the growing refining and gas market in countries such as India and China, an increase in the market for air compressors is adamant. Along with a large industrial base for electronics and semiconductor manufacturing in china and Taiwan, is expected to increase the market growth.

North America’s air compressor market is driven by several factors such as growing demand from the manufacturing companies. The increasing demand for air compressors in the manufacturing sector, particularly in industries such as automotive, food and beverage, and pharmaceuticals, is driving the growth of the market in North America.

Increasing adoption of energy-efficient compressors: The rising concern for energy conservation and the environment has led to an increase in the adoption of energy-efficient air compressors, which is driving the market growth in North America.

Europe air compressor market growth is driven by the demand for air compressors from various applications such as food and beverage, manufacturing, home applications, and oil and gas industries.

Growing Food & Beverage industry is expected to rise the Latin America air compressor market. Stationary air compressors, including small-size and portable compressors in refrigerators and air conditioners, hold a significant share of the in this regional market. 

Middle East and Africa are anticipated to rise over the upcoming period. However, increased investment in eastern Europe is expected to grow the opportunities for industrial air compressors.

Air Compressor Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global Air Compressor Market valued?
• Which region has the largest share in 2024 for the global Air Compressor Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Air Compressor Market

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Billion

Air Compressor Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: