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The latest report by IMARC, titled “ Air Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20232028
” finds that the global air compressor market size reached US$ 17.8 Billion in 2022. Air compressors are mechanical devices that compress and pressurize air to convert it into usable power for various applications. They are usually powered by electric motors, diesel, or gas engines and consist of a cylinder head, inter and after coolers, delivery valve, cooling water jacket, main bearings, compressor casing, piston, and crankshaft. They rely on kinetic energy from the compacted gases stored in pressurized air to deliver the required power to different equipment and machinery. They help minimize disposable waste and offer continuous compression to ensure proper transportation of fluids and gases in cooling machines. They are reliable, interchangeable, easy to use, and require less maintenance. As a result, air compressors find extensive applications in vacuum packing, spray painting, cleaning medical equipment, and tool powering.
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The emerging applications of air compressors across various industries, including food and beverage, metallurgy and mining, power, automotive, and petrochemical, represent the primary factor driving the market growth. This can be attributed to the growing need for efficient and cost-effective compressors to fulfill the energy demand and improve operational outputs. Additionally, with the surging environmental concerns, governments of various countries are taking favorable initiatives to promote the adoption of air compressors over oil-based variants to reduce noise pollution and carbon dioxide (CO2) emissions. In line with this, due to the increasing sales of consumer electronics, the widespread incorporation of air compressors in air conditioners (AC), refrigerants, steam turbines, and other electromechanical machines has catalyzed the market growth. Furthermore, the leading players are introducing nextgen eco-friendly and low-maintenance systems with high-performance capabilities, enhanced efficiency, and lower noise levels. Along with this, the rising popularity of portable air compressors due to their noise- and vibration-free properties and large-scale integration with variable-speed systems has escalated the product demand. Other factors, including the increasing product usage in the oil and gas sector to maintain the gas flow in pipelines, extensive investments in manufacturing and mining activities, technological advancements, and rapid industrialization, are also providing a positive thrust to the market growth. Looking forward, IMARC Group expects the market value to reach US$ 22.7 Billion by 2028, expanding at a CAGR of 3.76% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
Breakup by Type:
• Portable
• Stationary
Breakup by Technology:
• Reciprocating/Piston
• Rotary/Screw
• Centrifugal
Breakup by Lubrication Method:
• Oil-filled
• Oil-free
Breakup by Power Rating:
• 0-100kW
• 101-300kW
• 301-500kW
• 501 kWand Above
Breakup by End User:
• Manufacturing
• Semiconductors and Electronics
• Food and Beverages
• Healthcare/Medical
• Home Appliances
• Energy
• Oil and Gas
• Others
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• MiddleEast and Africa
Note: We are updating our reports, If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
Competitive Landscape with Key Players:
BauerCompressorsInc.
BerkshireHathawayInc.
CiasonsIndustrial Inc.
DesranCompressor(Shanghai)Co.Ltd
DoosanCorporation
ELGi EquipmentsLimited
Hitachi Ltd.
Ingersoll Rand Inc. (TraneTechnologiesplc), RolairSystems • SuzlerLtd.
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