Global Air Compressor Market

Air Compressor Market Size, Share, Growth Analysis, By Type(Portable, Stationary), By Application(Manufacturing, Food & Beverage), By Product(Reciprocating, Rotary) - Industry Forecast 2024-2031


Report ID: SQSG20I2028 | Region: Global | Published Date: April, 2024
Pages: 247 | Tables: 91 | Figures: 76

Air Compressor Market Insights

Global Air Compressor Market size was valued at USD 32171.86 million in 2019 and is poised to grow from USD 33265.7 million in 2023 to USD 44945.02 million by 2031, growing at a CAGR of 3.4% in the forecast period (2024-2031).

Continuously rising focus on energy efficiency, energy recovery, and reduction of carbon dioxide emissions around the globe are the major factors projected to drive growth of the global air compressor market during the forecast period. In addition, an extensive rise in the demand for monitoring of compressed air installations and services is also expected to propel the growth of the global market over the coming years.

Furthermore, growing adoption of several variable-speed systems, effective operation, low maintenance cost, and retrofitting of installed systems are few others factors anticipated to contribute significantly to the growth of the global market over the forecast period. In the recent years, energy-efficient compressors have gained a surge in demand due to its cost-effective operations, which has led high installation of air monitoring systems to measure air and gas compressors impact. For instance, in February 2021, Sullair, a leading global manufacturer of compressors, announced the launch of its Mid-Range Series Portable Compressors, associated with latest Electronic Spiral Valve Technology. The new series of product comes with higher flexibility and better efficiency in global operations.

US Air Compressor Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 32171.86 million

Largest Segment

Stationary

Fastest Growth

Portable

Growth Rate

3.4% CAGR

Global Air Compressor Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Air Compressor Market Size By Type, 2021-2028 ($ Bn)
Global Air Compressor Market Size By Type, 2021-2028 (%)

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Air Compressor Market Segmental Analysis

Air Compressor Market is segmented on the basis of type, application, product, and region. By type, the Air Compressor Market is segmented into portable and stationary. By application, the Air Compressor Market is categorized into manufacturing, food & beverage, home appliances, healthcare, and others. By product, the Air Compressor Market is classified into reciprocating, rotary, and centrifugal. By region, the Air Compressor Market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.

Air Compressor Market Analysis by Type

By type, the stationary segment accounted for the largest market share in 2021 and is expected to maintain its dominance throughout the forecast period. High adoption of these compressors in manufacturing sector and oil and gas sector coupled with the rising technological advancements are projected to be the major driving factors for the growth of the segment market over the coming years.

Furthermore, the portable segment is anticipated to grow at fastest growth rate during the forecast period owing to extensive rise in construction and mining activities. Additionally, characteristics of portable air compressors including easy to handle and lower maintenance have implied high usage of these air compressors in low-duty applications are also estimated to fuel the demand for segment market in the coming years.

Air Compressor Market Analysis by Application

By application, the manufacturing segment held the largest market share in 2021. This is simply attributed to the rapid growth in industrialization mainly in developing countries such as India, China, and Indonesia along with the rising demand for innovative and energy-efficient air compressors. Additionally, growing investment by key market players and increased number of innovations are also fueling the segment growth in the near future.

Moreover, the oil and gas segment is witnessing fastest CAGR during the forecast period due to the rising demand for air compressors in re-injection of reservoir pressure preservation. For instance, according to a Russian Regulation, around 95% of the associated petroleum gas should be compressed with crude oil prior to transportation through pipeline.

Global Air Compressor Market By Type, 2021 (%), 2023 (%)

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Air Compressor Market Regional Insights

Globally, Asia Pacific region dominated the air compressor market owing to high growth in government investments in infrastructure development and rapidly growing industrialization in the region. In addition, the regional market is majorly driven with the rising demand for air compressors in several applications including food and beverage, manufacturing, oil and gas industries, and home appliances. The presence of large market manufacturers of compressors in the region such as India and China coupled with the large base for electronics and semiconductors are further projected to drive the growth of the market.

Furthermore, North America is anticipated to grow at a significant pace over the forecast period. Early adoption of highly advanced technology, presence of key market players, and increased consumer disposable income are the key factors driving the growth of the market in the region. In addition, increasing consumer focus on easy-to-us and energy-efficient products is likely to have significant growth in the coming years.

Global Air Compressor Market By Geography, 2021-2028, 2024-2031
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Air Compressor Market Dynamics

Air Compressor Market Drivers

  • Growing requirement of highly durable compressors in various drilling procedures with a tremendous rise in the usage of heavy machinery and equipment across many end-use industries are expected to be the major driving factors for the growth of the global air compressor market during the forecast period. Furthermore, increased consumer disposable income especially in developing nations such as China, Brazil, and India is expected to be another key factors driving the growth of the market over the coming years.

Air Compressor Market Restraint

  • High installation cost associated with modern compressors and need for high initial procurement are expected to restrain the global market over the forecast period. Several types of compressor require frequent maintenance and regular servicing for proper and efficient functioning is likely to hamper the global demand for air compressors in the near future.

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Air Compressor Market Competitive Landscape

The global air compressor market is highly fragmented with the existence of several international and regional market players operating all around the globe. The major players are implementing on various business strategies including mergers, acquisitions, collaborations, partnerships, and new product launches for expanding their geographical presence and product portfolio along with strengthen their market position.

Air Compressor Market Top Player’s Company Profiles

  • Atlas Copco
  • Ingersoll-Rand plc
  • Kaeser Kompressoren SE
  • Gardner Denver, Inc.
  • Sullair LLC
  • ELGi Equipments Limited
  • Hitachi Industrial Equipment Systems Co., Ltd.
  • Mitsubishi Heavy Industries, Ltd.
  • Quincy Compressor LLC
  • Doosan Portable Power
  • Boge Compressors GmbH & Co. KG
  • VMAC Global Technology Inc.
  • Rolair Systems
  • Fusheng Co., Ltd.
  • Bauer Compressors, Inc.
  • Air Squared, Inc.
  • California Air Tools, Inc.
  • Mattei Compressors, Inc.
  • AireTex Compressors LLC
  • Anest Iwata Corporation

Air Compressor Market Recent Developments

  • In August 2022, Elliott Group, a leading global manufacturer of compressors for oil & gas, petrochemical, and other industrial services announced its rollout of Gemini Compressor performance monitoring system in the global market.
  • In July 2021, Bosch announced its new long-term agreement with Diamler Truck AG and Volvo Group AB, two leading players in vehicles market, for supplying electric air processors with latest integrated power electronics.

Air Compressor Key Market Trends

  • An extensive increase in procurement of rotary screw compressors and replacement of conventional compressors are fostering the global sales for air compressors. Furthermore, increasing integration of these type of compressors in manufacturing applications of rotary air compressors is enhancing the global market. Additionally, stringent rules and regulations imposed by several government bodies in various regions are highly encouraging facility operators to deploy advanced and innovated rotary screw compressors to cater the growing consumer needs.

Air Compressor Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the global air compressor market is witnessing a strong growth during the forecast period owing to rapid industrialization, increased per capita income, and high technological advancements. In addition, easy to use, more reliable, functioning at extreme weather conditions, and generating more power is fostering the global market growth at a significant growth rate. However, some issues associated with air compressor such as air leaks, oil problems, pressure and flow problems, and bogged-down issues are anticipated to hinder the growth of the global market over the forecast period.

Report Metric Details
Market size value in 2023 USD 32171.86 million
Market size value in 2031 USD 44945.02 million
Growth Rate 3.4%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Type
    • Portable, Stationary
  • Application
    • Manufacturing, Food & Beverage, Home Appliances, Healthcare, others
  • Product
    • Reciprocating, Rotary, Centrifugal
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Atlas Copco
  • Ingersoll-Rand plc
  • Kaeser Kompressoren SE
  • Gardner Denver, Inc.
  • Sullair LLC
  • ELGi Equipments Limited
  • Hitachi Industrial Equipment Systems Co., Ltd.
  • Mitsubishi Heavy Industries, Ltd.
  • Quincy Compressor LLC
  • Doosan Portable Power
  • Boge Compressors GmbH & Co. KG
  • VMAC Global Technology Inc.
  • Rolair Systems
  • Fusheng Co., Ltd.
  • Bauer Compressors, Inc.
  • Air Squared, Inc.
  • California Air Tools, Inc.
  • Mattei Compressors, Inc.
  • AireTex Compressors LLC
  • Anest Iwata Corporation
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Air Compressor Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Air Compressor Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Air Compressor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Air Compressor Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Air Compressor Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Air Compressor Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Air Compressor Market size was valued at USD 32171.86 million in 2019 and is poised to grow from USD 33265.7 million in 2023 to USD 44945.02 million by 2031, growing at a CAGR of 3.4% in the forecast period (2024-2031).

The air compressor market is highly fragmented with the existence of several international and regional market players operating all around the globe. The major players are implementing on various business strategies including mergers, acquisitions, collaborations, partnerships, and new product launches for expanding their geographical presence and product portfolio along with strengthen their market position. 'Atlas Copco', 'Ingersoll-Rand plc', 'Kaeser Kompressoren SE', 'Gardner Denver, Inc.', 'Sullair LLC', 'ELGi Equipments Limited', 'Hitachi Industrial Equipment Systems Co., Ltd.', 'Mitsubishi Heavy Industries, Ltd.', 'Quincy Compressor LLC', 'Doosan Portable Power', 'Boge Compressors GmbH & Co. KG', 'VMAC Technology Inc.', 'Rolair Systems', 'Fusheng Co., Ltd.', 'Bauer Compressors, Inc.', 'Air Squared, Inc.', 'California Air Tools, Inc.', 'Mattei Compressors, Inc.', 'AireTex Compressors LLC', 'Anest Iwata Corporation'

Growing requirement of highly durable compressors in various drilling procedures with a tremendous rise in the usage of heavy machinery and equipment across many end-use industries are expected to be the major driving factors for the growth of the air compressor market during the forecast period. Furthermore, increased consumer disposable income especially in developing nations such as China, Brazil, and India is expected to be another key factors driving the growth of the market over the coming years.

An extensive increase in procurement of rotary screw compressors and replacement of conventional compressors are fostering the sales for air compressors. Furthermore, increasing integration of these type of compressors in manufacturing applications of rotary air compressors is enhancing the market. Additionally, stringent rules and regulations imposed by several government bodies in various regions are highly encouraging facility operators to deploy advanced and innovated rotary screw compressors to cater the growing consumer needs.

Globally, Asia Pacific region dominated the air compressor market owing to high growth in government investments in infrastructure development and rapidly growing industrialization in the region. In addition, the regional market is majorly driven with the rising demand for air compressors in several applications including food and beverage, manufacturing, oil and gas industries, and home appliances. The presence of large market manufacturers of compressors in the region such as India and China coupled with the large base for electronics and semiconductors are further projected to drive the growth of the market.

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Global Air Compressor Market

Product ID: SQSG20I2028

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