PUBLISHER: Grand View Research | PRODUCT CODE: 1376090
PUBLISHER: Grand View Research | PRODUCT CODE: 1376090
The global rotary air compressor market size is anticipated to reach USD 16.19 billion by 2030, according to a new report by Grand View Research, Inc.. The market is projected to grow at a CAGR of 4.4% from 2023 to 2030. The rotary air compressors are known as positive displacement air compressors. These compressors dependably provide industrial processes in commercial, trade, and workshop settings with high-quality compressed air. These aforementioned factors are anticipated to propel the market demand over the forecast period.
Increasing consumer preference for energy savings and longer product life cycles is contributing to a significant portion of the total life cycle expenses of compressor operation and maintenance. Due to this, rotary air compressors now have a higher revenue share than reciprocating compressors. Air compressors are widely suitable for manufacturing applications. For instance, oil-free rotary air compressor is used directly in many locations as a power supply for manufacturing equipment. Due to the obligatory safety and health rules, there will be a large increase in demand from the food & beverage industry. These aforementioned factors are anticipated to propel the market demand over the forecast period.
The rotary air compressor market is undergoing several trends and developments, driven by a range of factors, such as the growing demand for energy-efficient and environmentally friendly compressed air systems. The manufacturers are increasingly focused on reducing their energy consumption and carbon footprint through the adoption of rotary oil-free air compressors that offer efficient and sustainable alternatives to traditional oil-lubricated compressors. This shift in customer behavior is brought about by fast-paced technological advancements and increasing investments in research & development globally.
The features of rotary oil-free air compressors such as low noise output, high energy efficiency, good performance, easy maintenance, and uninterrupted operation are anticipated to attract more customers over the forecast period resulting in an increasing demand for rotary air compressors. For instance, Alup Kompressoren, with more than 90 years of experience in the compressors segment, offers oil-free air compressors. The ALUP Compressors OF 75-220Hp and ALUP Compressors OF 20-75 lines of oil-free rotary compressors offer exceptional performance, sustainability & reliability while minimizing the overall ownership cost.
Market players are undertaking various initiatives to ensure a competitive advantage and to increase their market footprint. For instance, in July 2022, Atlas Copco acquired a French distributor of compressors, FITEC S.A.S, which specializes in services & sales of rotary screw compressors and related equipment, and it sells mainly to medium & small-sized industries. The acquisition is expected to offer an opportunity to strengthen Atlas Copco AB's presence in the Southwest part of France.Furthermore, in July 2020, Kaeser compressor, Inc. launched the M118 portable compressor. It delivers up to 405 CFM at 100 PSIG. It is reliable, fuel-efficient, and comes with the heavy-duty Tier 4 Final 4-cylinder Deutz diesel engine and power-saving Sigma Profile rotary screw air end.