The global air compressor market size was estimated at US$ 33.31 billion in 2021 and is expected to surpass around US$ 43.73 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 3.1% during the forecast period 2022 to 2030.
Growth Factors:
The growing oil and gas industry is a major factor that drives the growth of the global air compressor market. The rising consumption of energy in developing countries like China, India, and South Korea is driving the market growth. The rapid industrialization and growing investments to enhance the oil and gas pipeline networks is expected to have a positive and significant impact on the demand for the air compressors across the globe. The air compressors have wide applications in the industries such as freezing, cooling, cutting, welding, and packaging. The rapid growth of the industries across the developed and the developing regions is augmenting the growth of the air compressor market. Furthermore, the surging growth of the various industries such as chemicals & petrochemicals, manufacturing, power generation, paper and pulp, pharmaceuticals, and food & beverages industries is expected to provide lucrative growth opportunities to the market players in the forthcoming years. The surging adoption of the variable speed systems, retrofitting for the available systems, low cost of maintenance, and operational effectiveness are the major factors that are significantly boosting the demand for the air compressors across various key industries around the globe.
The growing demand for the energy-efficient air compressors to minimize the operational costs is driving the global market growth. The rising initiatives by the prominent market players to develop low cost and eco-friendly air compressors are expected to positively impact the market growth. Various companies have already developed next-generation systems that offer high performance capabilities at affordable costs. The demand for the innovative air compressors is significantly rising owing to the enhanced cost-saving features. The presence of several top manufacturers and the new product launches by them significantly drives the growth of the market. Furthermore, the increased demand for the compressed air in the various industries for the power tools is significantly driving the market growth. Furthermore, the rising demand for the air compressors in the construction and mining industry is fueling the demand for the innovative air compressors for achieving cost efficiency.
The outbreak of the COVID-19 pandemic has adversely impacted the global air compressor market in 2020. The lockdown restrictions and travelling ban resulted in the supply chain disruptions. Moreover, the majority of the industrial units were shut down to contain the spread of the virus. The significant decline in the industrial and commercial activities across the globe resulted in the negative growth of the air compressor market. However, with the ease in the lockdown restrictions, the market is expected to witness a positive growth and is expected to cover up the losses rapidly.
Report Scope of the Air Compressor Market
|
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 |
|
Segments Covered |
Type, Product, Application, Lubrication, Power Rating, Geography |
|
Companies Mentioned |
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. |
Type Insights
Based on the type, the stationery segment dominated the global air compressor market, accounting for a market share of more than 50% in 2020. The increased demand for the stationery air compressor in the manufacturing industry across the globe has fueled the growth of this segment. Moreover, the rapid industrialization in the developing countries like Saudi Arabia, UAE, India, Brazil, and China is expected to spur the demand for the stationery air compressors in the upcoming future.
On the other hand, the portable is estimated to be the most opportunistic segment during the forecast period. The portable air compressors serves as a reliable power source to various tools and equipment in the construction, mining, and other industries, which is a major factors that is expected to drive the growth of this segment in the upcoming years.
Product Insights
The rotary segment dominated the global air compressor market in 2020, owing to the huge demand and higher adoption of the rotary air compressors in the big industries such as pulp and paper, mechanical and electrical machinery, mining and metallurgy, and electric power industries across the globe.
On the other hand, the centrifugal is expected to be the fastest-growing segment during the forecast period. The energy efficiency, fewer components, and higher airflow are the major features of the centrifugal air compressors that is fueling its adoption across various end use verticals.
Application Insights
Based on the application, the manufacturing segment dominated the global air compressor market in 2020. The rising investments in the industrialization of the developing and the underdeveloped region is fueling the growth of the segment. The air compressor have extensive utilization in the manufacturing industry. The high demand for the air compressors in the manufacturing sectors of the developed countries has significantly fueled the growth of the manufacturing segment in the past decades.
The oil and gas is estimated to be the most opportunistic segment during the forecast period. The surging adoption of the portable air compressors in oil and gas industry is fueling the market growth. The rising investments in the development of effective pipeline networks is expected to drive the growth of the segment.
Region Insights
Asia Pacific accounted for a market share of over 30% and dominated the global air compressor market in 2020. This is majorly attributed to the huge presence of manufacturing sectors in the region. The favorable government policies has attracted huge FDIs in the region and the cheap availability of factors of production in the region has resulted in the concentration of the industries. The countries like China and India are becoming the manufacturing hub of the globe. Therefore, the higher presence of industries has boosted the demand for the air compressors in the region. The rapidly growing applications of the air compressors in the various industries such as food & beverages, mining, pulp & paper, and construction industries is expected to further fuel the Asia Pacific air compressor market.
North America is expected to witness a steady growth rate during the forecast period. The surging investments in the development of oil and gas distribution networks and increased adoption of the eco-friendly air compressors in the industrial units of US is expected to drive the market growth during the forecast period.
Some of the prominent players in the Air Compressor Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Type
By Product
By Application
By Lubrication
By Power Rating
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Air Compressor Market Study:
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
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers