The global Air Compressor Market size is expected to reach USD 53.88 Billion in 2030 and register a revenue CAGR of 4.4% over the forecast period, according to the latest report by Reports and Data. Increasing investments in energy-efficient technologies for use in various industrial operations is driving Air Compressor market revenue growth.
Air Compressors are powerful and highly efficient compressors that produce power of over 100 Pound-Force Per Square Inch (PSI) and 200 Horsepower (HP). These compressors consist of powerful motors and sturdy components, thereby enabling them to operate at much higher-pressure levels than other commercially used compressors. Air compressors used for industrial applications include centrifugal, scroll, and turbo air compressors, which perform several critical industrial tasks, such as powering pneumatic tools in manufacturing plants, to support critical operations in oil fields.
Rising demand for efficient manufacturing infrastructure is one of the crucial factors driving market revenue growth. Manufacturers worldwide are adopting new and advanced technologies to improve industrial operations and efficiently manage them. They are utilizing advanced tools and high-end air compressors to generate high energy output and provide them to consumers. In addition, introduction of high-performance portable air compressors and application of oil-free and oil-filled lubricated compressors provide enormous opportunities for market to expand and generate high revenues during the forecast period.
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Top Leading Players: Siemens Energy, General Electric, Atlas Copco, Ingersoll Rand, BOGE Compressed Air Systems GmbH & Co. KG, Doosan Portable Power, Fusheng Co., Ltd., Gardner Denver, Sulzer Ltd., and Hanbell Precise Machinery Co., Ltd.
Key Companies in the market include:
- On February 15, 2022, M.R. Organization, which is based in Ahmedabad, Gujarat, India announced to acquire StandardAir, a U.K.-based supplier of air compressor parts. Both companies supply air compressor parts to all major companies worldwide. While M.R. Organization caters across 72 countries, whereas StandardAir caters to all major air compressor brands across Europe and the Middle East. In addition, this acquisition enhances M.R. Organization’s presence in entire Europe, which is one of the crucial markets for expansion of the company.
- The centrifugal air compressors segment accounted for largest revenue share in 2021. Increasing applications in oil refineries, paper & pulp industry, and chemical & other processing plants is one of the crucial factors driving growth of this segment. Compressed air is supplied by centrifugal air compressors to various manufacturing processes in industrial plants. These compressors are used in all types of industrial manufacturing, but they are most commonly found in large-scale manufacturing plants and refineries. They have fewer parts, require less maintenance, and have higher capacities per square foot, making them a reliable source of compressed air that is free of oil.
- The oil-free technology segment accounted for largest revenue share in 2021. Compressed air is utilized in various industrial operations, therefore presence of a single drop of oil can cause serious damage to equipment as well as overall industrial operations. Moreover, governments in various countries have developed stringent industrial emission norms, which in turn, have boosted adoption of oil-free technology-enabled compressors among industry professionals. These compressor systems can achieve ISO 8573-1 Class Zero-emission norms. Moreover, by employing technologies such as scroll, water injected screw, 2 stages dry screw, and others, these compressors act as the perfect solution for industries that aim to achieve zero emissions.
Air Compressor Market Upcoming Growth:
The Air Compressor market is expected to experience steady growth in the coming years due to the increasing demand for compressed air in various end-use industries such as manufacturing, construction, and healthcare. Additionally, the rise in automation in the manufacturing industry and the need for energy-efficient systems are also expected to drive the growth of the Air Compressor market.
Some key trends that could shape the future of the Air Compressor market include the adoption of smart and connected air compressors, the increasing use of oil-free air compressors, and the growing demand for portable air compressors. Smart and connected air compressors use internet of things (IoT) technology to monitor and control the compressor's performance, which can help improve efficiency and reduce downtime. Oil-free air compressors are becoming more popular due to their environmental friendliness and low maintenance requirements, while portable air compressors are useful in industries where mobility is essential.
Segments covered in the report:
Type Outlook (Revenue, USD Billion; 2019–2030)
- Rotary Air Compressors
- Reciprocating Air Compressors
- Centrifugal Air Compressors
Lubrication Method Outlook (Revenue, USD Billion; 2019–2030)
- Oil-Lubrication
- Oil-Free Technology
- Pressure Lubricated
Cooling Method Outlook (Revenue, USD Billion; 2019–2030)
- Air-Cooled Air Compressors
- Water-Cooled Air Compressors
End-use Outlook (Revenue, USD Billion; 2019–2030)
- Oil & Gas
- Food & Beverages
- Manufacturing
- Healthcare
- Power Generation
- Construction & Mining
- Others
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