Air Compressor Market was valued at 52.41 Bn. USD in 2022. Rotary Compressors, one of the segments reviewed in our report is dominating the Global Air Compressor Market.Air Compressor Market Overview:
The compressed air's kinetic energy is used by air compressors to deliver energy to a variety of equipment, tools, and machineries across numerous industry verticals. Continuous compression also aids in the conveyance of fluids and gases, the production of petrochemical products, the operation of pneumatically based machineries, and cooling applications. As a result, air compressors can be used for dehydration, vacuum packaging, air blowing, spray painting, tool powering, cleaning, and medical equipment by a wide range of end-users. The Air compressor market is expected to register a CAGR of approximately 4.5% during the forecast period.To know about the Research Methodology :- Request Free Sample Report
Air Compressor Market Dynamics:
During operation, 30 to 50% of the energy utilized in a compressed air system is squandered. Government authorities and industry associations, in addition to self-regulation, are pushing for more stringent industry standards to ensure that today's air compressor systems reach peak energy efficiency and performance requirements. Increasing competition, high energy costs, tighter regulation, and more rigorous environmental targets are putting tremendous pressure on facility owners and plant managers to cut costs while increasing productivity and efficiency. To power equipment, tools, and plant operations, most businesses use some sort of air or gas compression. It's commonly referred to as the "fourth utility," but it's typically used inefficiently. The eventual outcome of this energy standardization, according to industry groups, will most likely be the promotion of minimum efficiency requirements, product testing processes, standard certification, and enforcement, and energy efficiency labelling for air compressors. This will motivate research and development teams to push the efficiency envelope through innovations, system enhancements, proactive service methods, and maintenance services. New products are already on the market. Ingersoll Rand's Next Generation R-Series rotary screw compressors, for example, improve energy efficiency by up to 13%, and even more with variable speed drive choices.Industry revenue of Air compressors and blowers in Japan:
Other modifications have included new features and improvements to existing components. Piston ring sets are now made of wear-resistant materials that do a better job of avoiding air and oil leakage in the cylinder thanks to advances in metallurgy. Rod inserts on the connecting rod-crankshaft contact are specially engineered to prevent harm to the pump's major components. Additionally, the addition of tough, larger crankshaft bearings to the pump's design has brought a comparable benefit of increased durability. Pump efficiency has also benefited from the introduction of synthetic lubricants, while special compressor-pump oil ensures that a compressor's piston, crankshaft, bearings, rings, and cylinder are always protected, contributing to equipment reliability. Improved lubrication is one of several technological breakthroughs that lead to a better overall end result, despite the fact that it is merely a little improvement. Manufacturers have recently begun to include additional features in order to increase serviceability. In a matter of seconds, an operator can monitor the oil level of the compressor pump using an oil sight glass. It also serves as a helpful reminder to a busy contractor on a busy construction that the oil should be checked in the first place. Easy-access unloader pins that can be greased or replaced in under 10 minutes have also been added to some pumps. It was not uncommon for traditional pin replacement to take well over an hour. Air compressor manufacturers will likely continue to seek out new technologies and other ways to make maintenance jobs easier for their customers, but they will do so without turning air compressors into a jumble of unnecessary features. Manufacturers recognize that their equipment has only one basic function: to compress air, and they are wise enough to design their machines in a way that keeps everything simple.
Lower Upgrade rate by End users: Key restraining factor:
While developments in compressor technology have aided end users in a variety of ways, many compressor users have been unconcerned about these updates and new capabilities. Instead, they've focused solely on obtaining functional equipment, or in certain circumstances, obtaining equipment at the lowest possible cost. This method frequently yielded positive results. The portable air compressor industry, on the other hand, is dwindling, with numerous manufacturers departing the company in recent years, leaving customers to fend for themselves. Users may not know where to turn for help if they require components or product support. According to International Compressor Applications and Machinery Committee (ICAAMC), upgradation rate of consumers of air compressors is less than 3% in 2022. Y-O-Y rate is also shrunk by 5.2% from year 2022.Air Compressor Market Segmentation:
Oil filled segment is dominating the Air Compressor market in terms of Applicability: The market has been divided into oil-filled and oil-free segments based on lubrication. By 2028, the oil-filled category is expected to dominate the market, with a value of USD 25.90 billion. In the energy, manufacturing, and chemical industries, oil-filled air compressors are frequently used for commercial applications. When compared to the oil-free compressor, they are more durable and make less noise.Due to the implementation of new rules to reduce emissions and governments' increased focus on environmental safety, the oil-free category is predicted to grow at the fastest rate over the projection period. Furthermore, factors such as increased industrialization and industry growth, as well as increasing use of food processing and clarification procedures across the concerned sector is considered to dominate the air compressor market.
Increasing demand for air compressors in food industry is expected to bolster the market growth:
People in the food business have come up with a wide range of novel and inventive techniques to get around the necessity for compressed air blow offs for cleaning, drying, cooling, conveying, and overall processing. Some of them you may have already seen. Open copper tubes, pipes with a crushed end, plugs or caps with holes bored into them, modular flex coolant lines, or nozzles designed for liquid application but blowing air are all typical sightings. These can be harmful and inefficient when used with compressed air. Many times, businesses may go through such a jumble of components to create a blow-off device for their application because it is "cheap" or a quick fix. Many food applications can be within the environment due to the factors such as wash down with sanitising chemicals, high or low temperatures, or exposure to the food item; in many cases, the material of the components takes centre stage, with little consideration of using compressed air efficiently. Companies that provide high-efficiency, high-performance compressed air devices like air nozzles or air knives will almost probably have a variety of materials that are appropriate for use in the food sector.Air Compressor Market Trends: FutureTech
1. Sustainable Energy options:
People are continually looking for sustainable energy usage solutions due to the increasing effects of climate change and significant reliance on fossil fuels. Another possibility is compressed air, which is being investigated as part of an EU effort to store compressed air in tunnels. Because compressed air undergoes heat exchange with the external environment, traditional techniques of storing compressed air result in energy loss. Supporters of storing compressed air in tunnels, on the other hand, claim that this technology would result in almost little energy loss.2. Hybrid Car Engines: Trends in Pneumatic Approach:
Hybrid cars typically run on a combination of gas and electricity, with drivers having the option to switch between modes as needed. Another option is the Hybrid Air engine, which runs on compressed air and gas. Compressed air substitutes the requirement for power in that concept, potentially resulting in a car that is more environmentally friendly than previous possibilities. According to a PSA Group press statement regarding the engine, the compressed air mode is suitable for roughly 80% of city rides, while the gas-powered mode saves 5% on fuel use. Furthermore, because the engine switches automatically, consumers do not have to choose which mode to employ for the best results.3. Medical and food industry: New grounds for air compressor technology:
The increasing use of air compressors in industries such as pharmaceuticals and food and beverage means that oil-free compressors are in more demand. They separate the oil and air components, resulting in contaminant-free air. Without that technology, industries could face fines for polluted air and have to spend exorbitant amounts of money to keep it clean. According to market projections, the entire market value for oil-free compressors will exceed $30 billion by 2025, up from $25.9 billion in 2022. In the food and medical industries, there is a lot of room for growth in the oil-free compressor industry.APAC is dominating the Air Compressor Market:
Asia-Pacific is experiencing rapid industrialisation in a variety of industries, from small-scale to large-scale. According to World Bank estimates, industrial and manufacturing activity in the region contributes more than 40% of the region's GDP. With the rising refining and gas markets in countries like India and China, the need for air compressors is expected to rise. Furthermore, significant expenditures in the gas pipeline industry are expected to enhance the market for air compressors. Stationary air compressors, which include small compressors used in refrigerators and air conditioners, account for a large portion of the compressor business, and the developing food and beverage industry. North America is expected to register highest CAGR in forthcoming years owing to increasing stance of governments in USA and Canada on contaminant free energy solutions in various end user sectors across the region. Moreover, prominent players in the region are highly investing in new technologies to keep up with automation standards along with OSHA safety rules. US accounted for 60% market share in the region owing to increasing demand for air powered engines and modern machining processes are running on air compressors. The objective of the report is to present a comprehensive analysis of the Air Compressor Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Air Compressor Market dynamics, structure by analyzing the Market segments and project the Air Compressor Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Air Compressor Market make the report investor’s guide.Air Compressor Market Scope:Inquire before buying
Air Compressor Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 52.41 Bn. Forecast Period 2023 to 2029 CAGR: 4.5% Market Size in 2029: US $ 71.33 Bn. Segments Covered: by Technology Reciprocating Rotary Centrifugal by Type Stationary Portable by Power Rating 0-100 kW 501 kW and others by Lubrication Method Oil free Oiled Air Compressor Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Key Players
1. Elgi Equipment Limited 2. Bauer Group 3. Oasis Manufacturing 4. Frank technologies 5. Bel Aire Compressors 6. Airtex Compressors 7. Best Aire LLC 8. Grainger Company 9. Sullair 10. Atlas Copco AB 11. Kobe Steel Ltd. 12. Ingersoll-Rand PLC 13. Kirloskar Pneumatic Company Limited 14. Mitsubishi Heavy Industries Ltd. 15. Suzler Ltd. 16. Ebara Corporations 17. Porter Cable 18. VMAC Global Technology Inc. 19. Campbell Hausfled 20. Doosan Infracore Portable Power Frequently Asked Questions: 1) What is the share of the Air Compressor Market in 2022? Answer: The Air Compressor Market was accounted for 52.41 Bn. USD in the year 2022. 2) Which End User segment is dominating the Air Compressor Market? Answer: The oil and gas industry holds the highest share of approximately 38.5% in the Air Compressor market, owing to rising energy consumption and increased drilling activity in Gulf Cooperation Council (GCC) countries. 3) What are the key players in the Air Compressor Market? Answer: Elgi Equipments Limited, Bauer Group, Oasis Manufacturing, Frank technologies, Bel Aire Compressors, Airtex Compressors, Best Aire LLC, Grainger Company, Sullair, Atlas Copco AB, Kobe Steel Ltd., 4) Which factor acts as the driving factor for the growth of the Air Compressor Market? Answer: increasing demand for energy efficiency and high service life of the products are the key factors driving the demand for the product. 5) What factors are restraining the growth of the Air Compressor Market? Answer: high installation cost and low rate of upgradatioion by consumers are the factors restraining the market growth.
1. Air Compressor Market: Research Methodology 2. Air Compressor Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Air Compressor Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Air Compressor Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Air Compressor Market Segmentation 4.1. Air Compressor Market, by Technology (2022-2029) • Reciprocating • Rotary • Centrifugal 4.2. Air Compressor Market, by Type (2022-2029) • Stationary • Portable 4.3. Air Compressor Market, by Power Rating (2022-2029) • 0-100 kW • 501 kW and others 4.4. Air Compressor Market, by Lubrication Method (2022-2029) • Oil free • Oiled 5. North America Air Compressor Market(2022-2029) 5.1. Air Compressor Market, by Technology (2022-2029) • Reciprocating • Rotary • Centrifugal 5.2. Air Compressor Market, by Type (2022-2029) • Stationary • Portable 5.3. Air Compressor Market, by Power Rating (2022-2029) • 0-100 kW • 501 kW and others 5.4. Air Compressor Market, by Lubrication Method (2022-2029) • Oil free • Oiled 5.5. North America Air Compressor Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Air Compressor Market (2022-2029) 6.1. European Air Compressor Market, by Technology (2022-2029) 6.2. European Air Compressor Market, by Type (2022-2029) 6.3. European Air Compressor Market, by Power Rating (2022-2029) 6.4. European Air Compressor Market, by Lubrication Method (2022-2029) 6.5. European Air Compressor Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Air Compressor Market (2022-2029) 7.1. Asia Pacific Air Compressor Market, by Technology (2022-2029) 7.2. Asia Pacific Air Compressor Market, by Type (2022-2029) 7.3. Asia Pacific Air Compressor Market, by Power Rating (2022-2029) 7.4. Asia Pacific Air Compressor Market, by Lubrication Method (2022-2029) 7.5. Asia Pacific Air Compressor Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Air Compressor Market (2022-2029) 8.1. Middle East and Africa Air Compressor Market, by Technology (2022-2029) 8.2. Middle East and Africa Air Compressor Market, by Type (2022-2029) 8.3. Middle East and Africa Air Compressor Market, by Power Rating (2022-2029) 8.4. Middle East and Africa Air Compressor Market, by Lubrication Method (2022-2029) 8.5. Middle East and Africa Air Compressor Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Air Compressor Market (2022-2029) 9.1. Latin America Air Compressor Market, by Technology (2022-2029) 9.2. Latin America Air Compressor Market, by Type (2022-2029) 9.3. Latin America Air Compressor Market, by Power Rating (2022-2029) 9.4. Latin America Air Compressor Market, by Lubrication Method (2022-2029) 9.5. Latin America Air Compressor Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. ELGI Equipment Ltd. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Bauer Group 10.3. Oasis Manufacturing 10.4. Frank technologies 10.5. Bel Aire Compressors 10.6. Airtex Compressors 10.7. Best Aire LLC 10.8. Grainger Company 10.9. Sullair 10.10. Atlas Copco AB 10.11. Kobe Steel Ltd. 10.12. Ingersoll-Rand PLC 10.13. Kirloskar Pneumatic Company Limited 10.14. Mitsubishi Heavy Industries Ltd. 10.15. Suzler Ltd. 10.16. Ebara Corporations 10.17. Porter Cable 10.18. VMAC Global Technology Inc. 10.19. Campbell Hausfled 10.20. Doosan Infracore Portable Power