Global Air Compressor Market by Product (Centrifugal, Rotary/Screw, Reciprocating/Piston), by Type (Stationary, Portable) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global air compressor market was valued at USD 32.02 million in 2020. It is expected to grow at a compound annual rate (CAGR of 3.4%) between 2021 and 2028. Due to the growing need to stop the spread of COVID-19, countries around the globe implemented tight national lockdowns in 2020. This, in turn, hindered the growth of many industries and sectors. The pandemic also had a major impact on the air compressor market, causing a decline in sales as well as profits. Due to the second wave, there were partial lockdowns in many countries. This has had a negative impact on the investment in the oil-and-gas industry and the growth of this market.

The demand for compressors will rise after COVID-19. However, there is an expected increase in energy efficiency, energy recovery and reduction of CO2 emissions. Revenue growth is expected to be driven by the increased demand for services and monitoring compressed air installations. The market is expected to be driven by a rising demand from the food and beverage industry for compressors due to strict regulations regarding food safety and health. The market is expected to grow due to increased investments in oil and gas extraction in North America and the Middle East.

Variable-speed systems are becoming more popular. They also have low maintenance costs, easy operation and can be retrofitted to existing systems. These factors are driving the demand for air compressors in key industries. Due to their low cost, energy-efficient operation, compressors are seeing a rise in demand. The increasing number of gas compressor stations has raised concerns about air quality. Air monitoring systems are being used to measure the effects of gas compressors and air. Air compressors are also being demanded due to the continued investment in the industry and the introduction of gas- and non-oil-based projects.

To encourage customers to choose next-generation products, prominent players are creating eco-friendly systems that are low-maintenance and easy to maintain. Ingersoll Rand Plc, Atlas Copco Inc. and Atlas Copco Inc. developed next-generation systems that have high-performance capabilities to distinguish their products from the rest in a competitive market. These air compressors offer a number of key features, including increased efficiency and lower noise levels.

There has been a significant increase in demand for compressors with high-efficiency and low cost that eliminate the need to use supplementary devices. New growth opportunities for energy-efficient compressors are opening up due to consumers' increasing attention on the whole solution and lifecycle cost. Market growth is also being driven by the increased use of compressed air for industrial power tools.

Type Insights

Due to their high adoption in the manufacturing sector, the stationary compressor segment held more than 50% of the market in 2020. These compressors are also widely used in the oil and natural gas industry to operate pneumatic equipment used for oil extraction, refining and other processes.

Due to increasing adoption of portable compressors in construction and mining, the segment with the highest CAGR is likely to be the most profitable over the forecasted time. The portable air compressor is a reliable power source that can be used in many industries, including the construction industry. These compressors are also easier to use and require less maintenance, which is why they are increasingly in demand for low-duty applications.

Product Insights

Based on product, the market has been segmented into rotary/screw, reciprocating/piston, and centrifugal. Over the forecast period, the rotary segment will hold the largest market share. This is due to the widespread adoption of rotary compressors in large industrial applications such as papermaking, printing, metallurgy, mining, electric power and electronic and mechanical and electro machinery.

Over the forecast period, the highest expected CAGR will be recorded by the centrifugal segment. These compressors are more energy-efficient, have less rubbing parts and produce higher airflow than other types. They are also widely used in many applications, including gas turbine, oil refinery and petrochemical, food, beverage, and chemical plants. These factors will all be a factor in the segment's growth during the forecast period.

Lubrication Insights

The market is divided into two segments based on lubrication: oil-filled and non-oil-filled. By 2028, the oil-filled segment will dominate the market and be worth USD 25.90 trillion. Air compressors with oil-filled cylinders are popular in commercial applications across the chemical, energy, and manufacturing industries. They last longer and produce less noise than an oil-free compressor.

Due to new regulations to curb emissions and increasing attention from governments to environmental safety, the oil-free segment will see the highest CAGR during the forecast period. Air compressor demand is also driven by factors like rapid industrialization and the growth of the manufacturing, food processing and semiconductor sectors.

Application Insights

The market is segmented based on its application. It includes manufacturing, semiconductors, electronics, food, beverage, healthcare/medical and oil and gas. Construction, chemical, metal, and mining are all other applications. In 2020, the largest market share was held by the manufacturing segment. This is due to rapid industrialization in emerging economies like India, China and Brazil and the increasing demand for energy-efficient and advanced air compressors in manufacturing.

CAGR for the oil and gas sector is expected to be the highest over the forecast period. This is due to an increased need for compressors to re-inject reservoir pressure preservation. A Russian Regulation requires that 95% of the associated petroleum oil be compressed before crude oil can be transported by pipeline. These laws are expected to be driving the segment over the forecast period.

Regional Insights

Due to continuous government investments in infrastructure and rapid industrialization, Asia Pacific held more than 30% of the market share for 2020. Market growth is due to the increasing demand for compressors in various industries, including food and beverage, manufacturing and home appliances as well as oil and gas. Market growth is expected to be driven by the presence of many compressor manufacturers in India and China as well as the large semiconductor and electronics manufacturing base in China and Taiwan.

Over the forecast period, Europe and North America are expected to continue their steady growth. However, there are increased investment opportunities in Eastern Europe that will increase the market growth for industrial air compressors. The market is expected to grow due to the increased focus on energy-efficient and easy-to-use products by consumers.

Market Share Insights & Key Companies

This market is competitive and is dominated by large market players like Atlas Copco, AireTex Compressor, BelAire Compressors, Bauer Group, Compressor Products Internaional (CPI), Galaxy Auto Stationary Equipment Co. Ltd., Ingersoll Rand Plc, Kaeser Compressors, GENERAL ELECTRIC and Sullair LLC. To increase their market share, companies are focused on expanding their product range. To strengthen their position on the global market, these players pursue various inorganic and organic growth strategies such as M&A or collaborations. These are some of the most prominent players in the global market for air compressors:

• AireTex Compressor

• Atlas Copco

• Bauer Group

• BelAire Compressors

• Cook Compression

• Compressor Products International (CPI).

• Frank Compressors

• Galaxy Auto Stationary Equipment Co. Ltd.

• Gast Manufacturing, Inc.

• GENERAL ELECTRIC

• Ingersoll Rand Plc

• Kaeser Compressors

• MAT Industries, LLC

Up Market Research published a new report titled “Air Compressor Market research report which is segmented by Product (Centrifugal, Rotary/Screw, Reciprocating/Piston), by Type (Stationary, Portable), By Players/Companies MAT Industries LLC, BelAire Compressors, Ingersoll Rand Plc, Kaeser Compressors, Bauer Group, Galaxy Auto Stationary Equipment Co Ltd, Atlas Copco, Frank Compressors, Cook Compression, AireTex Compressor, Gast Manufacturing Inc, Compressor Products International (CPI), GENERAL ELECTRIC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Air Compressor Market Report Segments:

The market is segmented by Product (Centrifugal, Rotary/Screw, Reciprocating/Piston), by Type (Stationary, Portable).

Air Compressor Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Air Compressor Market

Overview of the regional outlook of the Air Compressor Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Air Compressor Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Air Compressor Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Centrifugal

                2. Rotary/Screw

                3. Reciprocating/Piston

                1. Stationary

                2. Portable

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Air Compressor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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Reasons to Purchase the Air Compressor Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.