Air Compressor Market Comprehensive Analysis and Revenue Forecast for 2024 to 2030

Global Air Compressor Market size was valued at USD 27.38 Bn in 2023 and is expected to reach USD 38.63 Bn by 2030, at a CAGR of 5.04 %.

Air Compressor Market Overview:

This research paper categorizes the Air Compressor Market, forecasting revenues and analyzing trends across various sub-markets. The Competition Strategic Window assesses the competitive landscape across markets, applications, and regions to help vendors align their strengths with future growth opportunities. It identifies the optimal strategies for vendors to pursue mergers and acquisitions, geographic expansion, R&D, and new product introductions to drive business growth during the forecast period.

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Air Compressor Market Scope:

The report on the Air Compressor Market provides readers with a comprehensive understanding of the market and competitive landscape, facilitating better decisions related to market growth and expansion. Key features include an overview of market participants, revenue results, capital investments, and global Air Compressor market growth rates.

Air Compressor Market Drivers:

The Air Compressor Market is experiencing significant growth due to the expansion of industrial sectors worldwide. Industries such as manufacturing, automotive, oil and gas, and construction heavily rely on air compressors for various applications like powering pneumatic tools, controlling processes, and ensuring efficient operations. With the continuous trend toward automation in these sectors, the demand for air compressors is expected to surge further as they play a vital role in driving automated processes, enhancing productivity, and minimizing manual labor.

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. Such factor is expected to influence the Air Compressor Market growth.

Air Compressor Market Segmentation:

by Type

Stationary
Portable

by Technology

Reciprocating
Rotary
Centrifugal

by Lubrication

Oil Filled
Oiled

by Power Range

Below 100 kW
100 kW to 500 kW
Above 500 kW

by Application

Food & Beverage
Oil & Gas
Manufacturing
Power Generation
Automotive
Others

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Air Compressor Market Key Players:

North America
1. Oasis Manufacturing (United States)
2. Bel Aire Compressors (United States)
3. Airtex Compressors (United States)
4. Best Aire LLC (United States)
5. Grainger Company (United States)
6. Sullair (United States)
7. Porter Cable (United States)
8. VMAC Global Technology Inc. (Canada)
9. Campbell Hausfeld (United States)
Europe
10. Bauer Group (Germany)
11. Frank Technologies (France)
12. Atlas Copco AB (Sweden)
13. Suzler Ltd. (Switzerland)
14. Ingersoll-Rand PLC (Ireland)
APAC
15. Kobe Steel Ltd. (Japan)
16. Elgi Equipment Limited (India)
17. Kirloskar Pneumatic Company Limited (India)
18. Mitsubishi Heavy Industries Ltd. (Japan)
19. Ebara Corporation (Japan)
20. Doosan Infracore Portable Power (South Korea)

Air Compressor Market Regional Analysis:

The Air Compressor market forecast report analyzes several geographical regions including Asia-Pacific, Europe, North America, and other parts of the world. North America holds the largest market share and is expected to remain the leading region in the global Air Compressor market.

COVID-19 Impact Analysis on Air Compressor Market:

The COVID-19 pandemic is an unprecedented global public health emergency that has affected nearly every industry. The long-term impacts are expected to influence industry growth throughout the forecast period. Our ongoing study incorporates fundamental COVID-19 concerns and potential next steps, providing insights on the pandemic’s impact on consumer behavior and demand, purchasing patterns, supply chain re-routing, contemporary market dynamics, and significant government initiatives.

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Key Questions Answered in the Air Compressor Market Report:

• Which application segment is expected to lead in the Air Compressor  market?
• Who are the key players in the Air Compressor  market?
• What key trends are likely to emerge in the Air Compressor  market in the coming years?
• What is the major restraint for the Air Compressor  Market growth?
• What segments are covered in the Air Compressor  Market report?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Air Compressor  Market?