Market Overview:

The Air Compressor Market size was USD 16.59 billion in 2022. Covid-19's impacts have been unprecedented and staggering on a global scale, with the pandemic leading to negative demand shocks for the air compressor market across all domains and regions. Based on the analysis the market exhibited a huge decline of -5.4% in 2020. Between 2021 and 2030, the market is projected to grow at a CAGR of 4.9%, from USD 15.88 billion in 2021 to USD 23.17 billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over.

An air compressor is a pneumatic device (a branch of engineering that makers use gas or pressurized air) that convert power into potential energy stored in pressurized air. By one of several methods, the air compressor may be classified to the pressure delivered. Low-pressure air compressors (10 bar or less), medium-pressure air compressors (10.4 to 68.9 bar) high-pressure air compressors (69 bar). Air compressors are commonly used in oil and gas, mining, and drilling applications as the flushing medium, and in air pigging of pipelines. Most of all air compressors either are reciprocating piston type, rotary vane or rotary screw centrifugal compressors are mainly in very huge applications, while rotary screw, scroll, and reciprocating air compressors are a huge preference for small and medium-sized applications.

Air compressors are planned to utilize a variety of power sources. While gas/diesel-powered and electric air compressors are among the most popular, air compressors that utilize vehicle engines, hydraulic ports are also commonly used in mobile applications. Approximately 70~80% of the air compressor's total lifetime cost is energy consumption, so using the high-efficiency air compressor is one of the energy-saving methods.

An air compressor is a pneumatic device (a branch of engineering that makers use gas or pressurized air) that convert power into potential energy stored in pressurized air. By one of several methods, the air compressor may be classified to the pressure delivered. Low-pressure air compressors (10 bar or less), medium-pressure air compressors (10.4 to 68.9 bar) high-pressure air compressors (69 bar).

Air compressors are commonly used in oil and gas, mining, and drilling applications as the flushing medium, and in air pigging of pipelines. Most of all air compressors either are reciprocating piston type, rotary vane or rotary screw centrifugal compressors are mainly in very huge applications, while rotary screw, scroll, and reciprocating air compressors are a huge preference for small and medium-sized applications.

Air compressors are planned to utilize a variety of power sources. While gas/diesel-powered and electric air compressors are among the most popular, air compressors that utilize vehicle engines, hydraulic ports are also commonly used in mobile applications. Approximately 70~80% of the air compressor's total lifetime cost is energy consumption, so using the high-efficiency air compressor is one of the energy-saving methods.

Scope of Air Compressor Market Report:

A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Air Compressor Market. On the basis of historic growth analysis and current scenario of Air Compressor market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Air Compressor market. This further helps users with their developmental strategy.

This report examines all the key factors influencing growth of global Air Compressor market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Air Compressor market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, pricing strategies, innovation possibilities and much more.

The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

Air Compressor Market Drivers:

Increasing investments in developing new industrial units across countries are driving demand for industrial air compressors:

Positive displacement air compressors are expected to grow at a significant rate due to the increase in market share application of appliances like air conditioners, refrigerators, and larger industrial applications. the technical advancement in the air compressor industry is leading to the development of products that requires less operational and maintenance investment. Like, oil-free systems are expected to get the opportunity in industries that would reduce expenses related to maintenance during certain intervals. Asia-pacific is estimated to witness significant growth in the air compressor market due to the ongoing growth in the oil and gas industry of India, china, and japan.

Market Trends:

Increasing Demand for Energy-Efficient Air Compressors Across the Industrial Applications:

A compressed air system is one of the main industrial equipment that has to follow all energy policies, meanwhile easy and safe generation of compressed air is increasing the use of air compressors in different industrial applications. Modern compressors can achieve long-term savings and ensure a cleaner environment. The modern sir system also recommends using IE4-compliant motors as they reduce electricity consumption. All these factors have created better growth opportunities. For the industrial air compressor market during the incoming period.

Technological development in air compression techniques has an intense influence on the compression capabilities of the equipment and afterward is expected to rise the air compressor market growth during the incoming period. Moreover, the rise in the adoption of robust and energy-efficient equipment is also anticipated to fuel the need for air compressors in the industry.

In addition, the equipment requires the application of sophisticated technology with high technical expertise for designing high-power-rated and efficient air compression appliances. Consequently, the high cost of installation and maintenance for the equipment is expected to hamper the market growth of the air compressor market in the forecast period. However, the increase in production activities from Asia-pacific and LAMEA is expected to give beneficial business opportunities to the manufacturers during the forecast period.

Market Restraining Factors:

The High Installation Cost of Modern Compressors Hinders the Market Growth

The installation of modern rotary screw compressors incurred high initial procurement and installation cost. These compressors also required frequent maintenance and servicing for proper functioning and efficient operations moreover the user also needs to maintain minimal everyday use of the compressors to avoid problems such as condensate forming and rust formations.

Adherence to Stringent Quality Standards Restraints the Market Growth

The majority of industrialized nations have imposed stringent rules and regulations which must be adhered to during the use of compressors to limit the emission of contamination by air compressors and arising health hazards due to contaminated compressed air. A safer compressed air supply is required to uphold efficient and cost-effective production. Britsh compressed air society (UK) and the British retail consortium (UK) have jointly designed and developed a code of practice for compressed air used in the food &beverages industry, to assist food manufacturers.

Air Compressor Market Trends:

Increasing Demand for Energy-Efficient Air Compressors Across the Industrial Applications

A compressed air system is one of the main industrial equipment that has to follow all energy policies, meanwhile easy and safe generation of compressed air is increasing the use of air compressors in different industrial applications. Modern compressors can achieve long-term savings and ensure a cleaner environment. The modern sir system also recommends using IE4-compliant motors as they reduce electricity consumption. All these factors have created better growth opportunities. For the industrial air compressor market during the incoming period.

Technological development in air compression techniques has an intense influence on the compression capabilities of the equipment and afterward is expected to rise the air compressor market growth during the incoming period. Moreover, the rise in the adoption of robust and energy-efficient equipment is also anticipated to fuel the need for air compressors in the industry.

In addition, the equipment requires the application of sophisticated technology with high technical expertise for designing high-power-rated and efficient air compression appliances. Consequently, the high cost of installation and maintenance for the equipment is expected to hamper the market growth of the air compressor market in the forecast period. However, the increase in production activities from Asia-pacific and LAMEA is expected to give beneficial business opportunities to the manufacturers during the forecast period.

Air Compressor Market Restraining Factors:

The High Installation Cost of Modern Compressors Hinders the Market Growth

 The installation of modern rotary screw compressors incurred high initial procurement and installation cost. These compressors also required frequent maintenance and servicing for proper functioning and efficient operations moreover the user also needs to maintain minimal everyday use of the compressors to avoid problems such as condensate forming and rust formations.

Adherence to Stringent Quality Standards Restraints the Market Growth

The majority of industrialized nations have imposed stringent rules and regulations which must be adhered to during the use of compressors to limit the emission of contamination by air compressors and arising health hazards due to contaminated compressed air. A safer compressed air supply is required to uphold efficient and cost-effective production. Britsh compressed air society (UK) and the British retail consortium (UK) have jointly designed and developed a code of practice for compressed air used in the food &beverages industry, to assist food manufacturers.

Key Players Strategies in the Market:

The air compressor market is highly fragmented. Some of the key players in this market include Aerzener Maschinenfabrik GmbH, Atlas Copco AB, Berkshire Hathaway Inc. (Campbell Hausfeld), Ciasons Industrial Inc., Desran Compressor (Shanghai) Co., Ltd., Doosan Corporation (Doosan Infracore Portable Power ), Ebara Corporation, Elgi Equipments Limited, Gardner Denver Holdings, Inc., Hitachi, Ltd. ( Sullair, LLC), Indo-Air Compressors Pvt. Ltd., Ingersoll-Rand plc, Kirloskar Pneumatic Company Limited, Kobe Steel, Ltd., Mitsubishi Heavy Industries Ltd., Ningbo xinda group co., ltd (Screw Air Compressor), Stanley Black & Decker Corporation (Porter Cable), Sulzer Ltd, VMAC Global Technology Inc., and others.

These players are adopting several strategies such as mergers, acquisitions, partnerships, and new product launching for entering in the market. For instance,

• In February 2022, ELGI Equipment manufacturer a wide range of air compressor with 22% share in the Indian air compressor market. The company announced its net profit growing by 90.47% to USD 9.68 million. Sequentially, the net profit increased by 11.1%.
• In January 2023, Atlas Copco's launched electric E-air compressor in the U.K. It plays a vital role in cost reduction during shot blasting operations. The shot blasting process is used for cleaning, de-scaling, and preparing the metal surface for respraying, ensuring that the refurbishment results are an ‘as new’ finish, even when working with the most difficult surfaces. Since the application of the electric compressor into their operations, RJ Webb Commercials has calculated fuel savings of more than USD 5,000 per year.

Air Compressor Market Players Analysis:

• Aerzener Maschinenfabrik 
• AireTex Compressor
• Atlas Copco (Sweden)
• Bauer Group
• BelAire Compressors
• Berkshire Hathaway
• Cook Compression
• Compressor Products International (CPI)
• Ciasons Industrial
• Desran Compressor
• Doosan Corporation
• Elgi Equipments Limited
• Frank Compressors
• Galaxy Auto Stationary Equipment 
• Gast Manufacturing
• GENERAL ELECTRIC
• Gardner Denver Holdings
• Hitachi
• Ingersoll Rand Plc
• Indo-Air Compressors
• Kaeser Compressors
• MAT Industries, LLC

Air Compressor Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2022-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Air Compressor Market Segmentation Analysis:

The global air compressor market segmentation include type, technology, lubrication method, power rating, end-user industry, and country.

By Type

Based on the type, the report segmentation includes portable and stationery. Among these, stationery air compressor has the largest share in 2022, this is primarily owing to increasing demand across the semiconductor and electronics manufacturing industry.

Also, portable air compressor product demand is increasing at rapid pace owing to increasing demand across the smart home and heavy-duty industrial applications.

By Technology

Based on the technology, the market scope includes reciprocating, rotary, centrifugal, and axial air compressors. Among this, reciprocating air compressor has the largest share in 2022, this is primarily owing to increasing construction and industrial sector. Reciprocating air compressor is used in these sectors for wide range of tasks, such as in the powering tools and machineries.

Centrifugal air compressor is growing with highest CAGR during the forecast period owing to increasing automotive industry at rapid pace.

By Lubricant Method

Based on the lubricant method, the market scope includes oiled and oil-free. Among these, oiled lubricant method has the largest share in 2022, this is primarily owing to advancement in technologies with more efficient and versatile oiled air compressors, which contributed to the growth of the market.

Oil-free air compressor is also growing with moderate CAGR during the forecast period 2023-2031. This is primarily owing to increasing demand for green energy and the need for environmentally-friendly solutions. As, oil-free compressors are powered by renewable energy sources.

By Power Rating

Based on the power rating, the market scope includes 0-100 kW, 101-300 kW, 301-500 kW, and 501 kW & above. Among these, 101-300 kW power rating has the largest share in 2022, this is primarily owing to the growth of emerging economies, such as India and China. It is leading segment owing to an increase in demand for air compressors, as these countries experience increased economic growth and urbanization.

0-100 kW air compressor is also growing with highest CAGR during the forecast period 2023-2031. This is primarily owing to increasing demand across the small-scale industries related to the food and beverages packaging industries.

By End-user Industry

Based on the end-user industry, the market scope includes food & beverage, automotive, oil & gas, manufacturing, medical, power generation, and others. Among these, food & beverage end-user industry method has the largest share in 2022, this is primarily owing to advancement in technologies with the increasing concern for the environment and energy conservation using the energy-efficient air compressors.

Automotive end-user industry is also growing with moderate CAGR during the forecast period 2023-2031. This is primarily owing to increasing demand for air compressors in the automotive industry: The increasing demand for air compressors in the automotive industry, for various applications, such as suspension, pneumatic brakes, and air conditioning, is driving the growth of the market.

The report also helps in understanding Global Air Compressor Market dynamics, structure by analyzing the market segments, and project the Global Air Compressor Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Air Compressor Market make the report investor’s guide.

Key Industry Developments:

• In February, 2022, India-based MR Organisation (MRO) Limited. Acquired Standard Air Limited UK-based air compressor component supplier. With this acquisition, the companies will supply air compressor across the globe. The companies have presence across 72 countries including in UK, Germany, France, Europe and the Middle East.

Report Scope and Segmentations:

Regional Snapshots:

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.

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.

Key Questions:

• How much the global Air Compressor Market valued?
• Which region has the largest share in 2023 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: 2018-2021
• Base year: 2022
• Forecast: 2023 to 2031
• Representation of Market revenue in USD Million

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