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Air Compressor Market to Garner US$ 43.73 Billion By 2030

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The air compressor market was valued approximately at US$ 33.31 Bn in 2021 and is projected to hit US$ 6 Bn by 2030, registering a CAGR of 3.1% every year.

Air Compressor Market Size, Share 2021 to 2030

The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2022 to 2030. The air compressor market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

The global air compressor market is expected to grow rapidly during the forecast period owing to the surging demand for the air compressors across various end use verticals such as food and beverages, mining, electronics, healthcare/medical, oil and gas, construction, and others.

The growing demand for the innovative air compressors to effectively provide power to the tools at low cost is driving the market growth. Moreover, the surging investments in the development of enhanced oil and gas pipeline networks in the countries like US and the rapid industrialization of the developing regions are the most prominent market drivers. The constant product launches by the key market players is further fueling the growth of the market across the globe.

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Air Compressor Market Scope
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
Air Compressor Market : Report Highlights
  • Based on the type, the portable is estimated to be the fastest-growing segment. The portable air compressors provide energy sources to the numerous tools and equipment especially in the mining and construction industries. Therefore, the surging adoption of the portable air compressors in these industries is expected to drive the market growth.
  • Based on the product, the rotary/screw segment dominated the market in 2020. The higher adoption of the rotary air compressors in the giant industries like paper and pulp, electric power, mechanical and electrical machinery, and mining and metallurgy has fostered the growth of this segment.
  • Based on the application, the manufacturing segment dominated the market in 2020. The huge demand for the air compressors in the manufacturing industry across the developed and developing regions has significantly boosted the growth of the air compressor market in the past few decades. The surging investments in the industrialization of the developing regions are expected to further fuel the growth of this segment in the upcoming future.

Air Compressor Market : Regional Snapshot

Asia Pacific accounted for a market share of over 30% and dominated the global air compressor market in 2020. Asia Pacific is characterized by the presence of numerous industries. The government policies and investments has significantly fostered the development of various industries in the region. The countries like China, India, South Korea, and Taiwan are some of the major manufacturing centers of the globe. The availability of cheap labor and raw materials has propelled the growth of the manufacturing sector in Asia Pacific, which has resulted in the huge demand for the air compressors. The rapid industrialization of the Asia Pacific region is further expected to spur the demand for the air compressors in the forthcoming future.

North America is expected to grow at a significant rate throughout the forecast period. The innovative eco-friendly air compressors are gaining rapid traction in the various end use verticals in North America. The rising adoption of the latest technologies to increase operational efficiency and reduce costs along with the enhanced production is driving the adoption of the various air compressors in the industries in North America.

Air Compressor Market Dynamics
Driver

Rising demand for the durable compressors

The demand for the highly durable air compressor is boosting for the applications in the drilling process. The increment in the use of various machineries in the manufacturing and other industries has fueled the market growth. The rapidly growing oil and gas industry owing to the rising demand for power and fuel across the globe is significantly boosting the demand for the durable air compressors. The surging consumption of oil all over the globe is expected to drive the demand for the air compressors among the oil producers to increase productivity at lower costs.

Restraint

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The installation cost of the modern compressors in high

The installation of modern and innovative air compressors like rotary air compressor involves a high procurement and installation costs. The high capital investments may restrict the end users with restricted financial capacities to adopt the modern air compressors. This is major restraining factor that may hamper the market growth during the forecast period.

Opportunity

Constant product launches

The manufacturers are investing heavily in the R&D and are constantly engaged in the introduction of new and innovative features in the air compressors. For instance, in February 2021, Sullair introduced its Mid-Range Series Portable Compressors. This product is integrated with the electronic spiral valve technology that offers flexibility and enhanced operational efficiency. These new features may provide various growth prospects in the foreseeable future.

Challenge

Low penetration in the underdeveloped market

The industrial growth in the underdeveloped economies is very low. The low presence of the industries in the underdeveloped markets is limiting the growth of the air compressor market.

Some of the prominent players in the global air compressor market include:
  • 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.
Market Segmentation
By Type
  • Stationery
  • Portable
By Product
  • Rotary
    • Screw
    • Scroll
    • Others
  • Centrifugal
  • Reciprocating
By Application
  • Electronics
  • Manufacturing
  • Oil and Gas
  • Healthcare
  • Food & Beverages
  • Home Appliances
  • Energy
  • Others
By Lubrication
  • Oil free
  • Oil filled
By Power Rating
  • 0-100 kW
  • 101-300 kW
  • 301-500 kW
  • 501 kW & above
By Geography
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

TABLE OF CONTENT

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

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Frequently Asked Questions:
What is the current size of air compressor market?

According to Precedence Research, the global air compressor market size was valued at US$ 33.31 billion in 2021 and is anticipated to rake US$ 43.73 billion by 2030.

What will be the CAGR of global air compressor market?

The global air compressor market is expected to drive growth at a CAGR of 3.1% over the forecast period 2022 to 2030.

Who are the major players operating in the air compressor market?

The major players operating in the air compressor market are 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.

Which are the driving factors of the air compressor market?

The global air compressor market is expected to grow rapidly during the forecast period owing to the surging demand for the air compressors across various end use verticals such as food and beverages, mining, electronics, healthcare/medical, oil and gas, construction, and others.

Which region will lead the global air compressor market?

Asia Pacific region will lead the global air compressor market in near future.

Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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