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The Air Compressor Market Size was valued at USD 25.5 Bn in 2023 and is expected to reach USD 38.22 Bn by 2032 and grow at a CAGR of 4.6 % over the forecast period 2024-2032.
The rising interest in car parts, development of oil investigation and mining activities, and headways in the energy and power-creating areas are probably going to help the business development decidedly. Besides, intensely propelling energy and medical services enterprises in African nations will additionally increase item interest.
The air Compressor utilizes the motor energy produced by the compacted air to supply different hardware, gadgets, and apparatus with vital energy through various vertical businesses. Further, the nonstop pressure works with the versatility of fluids and gases, the assembling of related petrochemical items, the activity of pneumatically fueled hardware, and cooling applications. As an outcome, air compressors have a wide scope of utilization in different businesses for lack of hydration, air blowing, vacuum bundling, shower painting, cleaning, apparatus driving, and clinical hardware.
MARKET DYNAMICS
KEY DRIVERS
Accessibility of energy effective blowers
The necessity of low upkeep
Various fuel choices
Mechanical Advancements
RESTRAINTS
Rigid Regulations for Utilization of Air Compressors
The prominence of Rental Service
OPPORTUNITIES
The growing demand for automotive components, growing oil exploration & mining operations, and advancements in the energy & power generating sectors
The expansion in the advancement exercises inside the Asia Pacific, Latin America, the Middle East, and Africa
CHALLENGES
Nations like the US, Canada, the UK, and other European nations have presented new emanation guidelines
The norms are consistently refreshed from opportunity to time.
IMPACT OF COVID-19
The Value chain of air compressors incorporates different partners like natural substance providers, makers, part and part providers, wholesalers, end clients, and controllers. COVID-19 essentially affected the general worth chain of air blowers. The financial effect of the infection is additionally turning out to be progressively clear. It has affected a wide scope of exercises inside the worth chain including selling and dispersion, unrefined substance supply, after-deals administrations, misfortune popular, and so forth. The premier effect of the COVID-19 on air blowers was a huge misfortune in income brought about by a drop in the interest from end-client businesses, which can be a discouraging element for the blowers’ market.
MARKET ESTIMATION
The air compressor market is portioned in light of type, innovation, oil technique, power rating, end-client industry, and district. By type, the market is bifurcated into convenience and fixed. In view of innovation, it is Characterized into responding, rotational, and outward. As indicated by the oil technique, it is partitioned into oiled and oil-free air blowers. By Power rating, the air compressor market is arranged into 0-100 kW, 101-300 kW, 301-500 kW, and 501 kW and above appraised air blowers. Besides, in view of the end-client industry the market is divided into food and drink, oil and gas, fabricating, power age, clinical, and others. In light of area, it is broken down across North America, Asia-Pacific, Europe, and LAMEA.
The air compressor in view of responding innovation attributable to less difficult development has a critical piece of the pie in the previous years. Notwithstanding, innovatively prevalent air compressors, for example, radiating and revolving are liked for uncompromising modern applications. Along these lines, the radiating and rotating-based air blowers convey high power appraised air compressors with essentially decreased commotion and vibrations. These are accessible in sans oil plans, also.
BY TYPE
Portable
Stationary
BY TECHNOLOGY
Reciprocating
Rotary
Centrifugal
BY LUBRICATION METHOD
Oiled
Oil-free
BY POWER RATING
0-100 kW
101-300 kW
301-500 kW
501 kW & above
BY END-USER INDUSTRY
Food & Beverage
Oil & Gas
Manufacturing
Medical
Power Generation
Others
REGIONAL ANALYSIS:
The Asia Pacific represented more than 30% of the portion of the overall industry in 2020, attributable to the consistent government interests in framework advancement and quick industrialization. The market development is driven by the interest in air blowers from different applications, like food and drink, production, home machines, and oil and gas businesses. Moreover, the presence of a few makers of blowers in India and China, alongside the enormous modern base for gadgets and semiconductor fabricating in China and Taiwan, is supposed to drive market development.
North America and Europe are expected to develop consistently over the gauge period. In any case, expanded interests in Eastern Europe are supposed to increase the learning experiences for modern air blowers. Additionally, the rising focal point of shoppers on simple to-utilize and energy-proficient items is projected to support the market development.
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REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Frank Compressors, Galaxy Auto Stationary Equipment Co. Ltd., Gast Manufacturing, Inc., GENERAL ELECTRIC, Ingersoll Rand Plc, Kaeser Compressors, MAT Industries, LLd, AireTex Compressor, Atlas Copco, Bauer Group, BelAire Compressors, Cook Compression, Compressor Products International (CPI) and Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 25.5 Billion |
| Market Size by 2032 | US$ 38.22 Billion |
| CAGR | CAGR of 4.48% From 2024 to 2032 |
| Base Year | 2022 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By System Type (portable and stationary) • By Technology (Reciprocating, Rotary, Centrifugal) • By Lubrication method (oiled and oil-free) • By Power Rating (0-100kw,101-300kw,301-500kw,501kw, and above) • By End-user industry (food and beverages, oil and gas, manufacturing, medical power generation, others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Frank Compressors, Galaxy Auto Stationary Equipment Co. Ltd., Gast Manufacturing, Inc., GENERAL ELECTRIC, Ingersoll Rand Plc, Kaeser Compressors, MAT Industries, LLd, AireTex Compressor, Atlas Copco, Bauer Group, BelAire Compressors, Cook Compression, Compressor Products International (CPI). |
| Key Drivers | •Accessibility of energy effective blowers •The necessity of low upkeep |
| RESTRAINTS | •Rigid Regulations for Utilization of Air Compressors •The prominence of Rental Service |
Ans: The Air Compressor Market size was valued at USD 25.5 Bn in 2023.
Ans: The Air Compressor Market is to grow at a CAGR of 4.6 % From 2024 to 2031.
Ans: - The segments covered in the Air Compressor Market report for study are on the basis of the type, technology, lubrication method, power rating, and end-user industry.
Ans: - North America and Europe are expected to develop consistently over the gauge period.
Ans: - Frank Compressors, Galaxy Auto Stationary Equipment Co. Ltd., Gast Manufacturing, Inc., GENERAL ELECTRIC, Ingersoll Rand Plc, Kaeser Compressors, MAT Industries, LLd, AireTex Compressor, Atlas Copco, Bauer Group, BelAire Compressors, Cook Compression, Compressor Products International (CPI).
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Air Compressor Market Segmentation, by Type
8.1 Portable
8.2 Stationary
9. Air Compressor Market Segmentation, By Technology
9.1 Reciprocating
9.2 Rotary
9.3 Centrifugal
10. Air Compressor Market Segmentation, By Lubrication Method
10.1 oiled
10.2 Oil-free
11. Air Compressor Market Segmentation, By Power Rating
11.1 0-100kw
11.2 101-300kw
11.3 301-500kw
11.4 501kw and above
12. Air Compressor Market Segmentation, By End-user Industry
12.1 Food and Beverages
12.2 Oil and gas
12.3 Manufacturing
12.4 Power Generation
12.5 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1Frank Compressors
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Galaxy Auto Stationary Equipment Co. Ltd.
14.3 Gast Manufacturing, Inc.
14.4 GENERAL ELECTRIC
14.5 Ingersoll Rand Plc
14.6 Kaeser Compressors
14.7 MAT Industries, LLd
14.8 KOMATSU LTD.
14.9 AireTex Compressor
14.10 Atlas Copco
14.11 Bauer Group
14.12 BelAire Compressors
14.13 Compressor Products International (CPI)
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
16. Conclusion
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