Air Compressor Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently published an in-depth analysis of the global air compressor market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the structure of the air compressor market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.

The global air compressor market is forecast to expand at a CAGR of 4.8% and thereby increase from a value of US$35.2 Bn in 2023, to US$48.9 Bn by the end of 2030.

Key Insights:

Air Compressor Market Size (2023E): US$35.2 Bn

Projected Market Value (2030F): US$48.9 Bn

Global Market Growth Rate (CAGR 2023 to 2030): 4.8%

Historical Market Growth Rate (CAGR 2018 to 2022): 3.9%

Air Compressor Market - Report Scope:

The air compressor market caters to diverse industrial and commercial applications, providing compressed air for various processes including manufacturing, construction, automotive, healthcare, and energy. Air compressors are indispensable in powering pneumatic tools, controlling automation systems, and facilitating refrigeration and air conditioning processes. Market growth is fueled by industrial expansion, infrastructural development, and technological advancements in compressor design and efficiency. Increasing demand for energy-efficient solutions, stringent emission regulations, and the adoption of portable and oil-free compressors are driving market evolution.

Market Growth Drivers:

The global air compressor market is primarily driven by industrialization and infrastructural development activities worldwide. Rapid urbanization and industrial expansion, especially in emerging economies, propel demand for compressed air solutions across various sectors. Additionally, advancements in compressor technology, such as variable speed drives and IoT integration, enhance energy efficiency and operational performance, driving market growth. Increasing awareness regarding energy conservation and environmental sustainability further accelerates the adoption of eco-friendly compressor solutions.

Market Restraints:

Despite robust growth prospects, the air compressor market faces challenges related to fluctuating raw material prices and supply chain disruptions. Volatile prices of key components like steel, aluminum, and copper impact manufacturing costs and profit margins for compressor manufacturers. Moreover, stringent regulatory standards regarding emissions and noise pollution pose compliance challenges for market players. Addressing environmental concerns and ensuring regulatory compliance necessitate continuous innovation and investment in R&D, adding to operational costs and pricing pressures in the market.

Market Opportunities:

The air compressor market presents significant opportunities driven by technological innovations and evolving end-user demands. The advent of oil-free compressors, portable systems, and smart compressor solutions opens avenues for market expansion, particularly in healthcare, food & beverage, and electronics industries where air quality and contamination control are critical. Additionally, the integration of IoT and predictive maintenance technologies enables remote monitoring, real-time diagnostics, and proactive servicing, enhancing operational efficiency and reducing downtime for end-users.

Key Questions Answered in the Report:

Which regions are expected to drive the growth of the air compressor market?
What factors are influencing the demand for air compressors across different industries?
How are technological advancements reshaping the competitive landscape of the air compressor market?
Who are the key players contributing to the air compressor market, and what strategies are they adopting to maintain their market positions?
What are the emerging trends and future prospects in the global air compressor market?

Competitive Intelligence and Business Strategy:

Leading players in the global air compressor market, including Atlas Copco AB, Ingersoll Rand Inc., and Gardner Denver Holdings Inc., focus on product innovation and strategic partnerships to gain a competitive edge. These companies invest significantly in research and development to introduce energy-efficient and technologically advanced compressor solutions that meet evolving customer needs. Collaborations with OEMs and system integrators enable market players to expand their product portfolios and enhance market penetration. Moreover, emphasis on aftermarket services and customer-centric approaches strengthens brand loyalty and sustains long-term growth in the highly competitive air compressor market.

Key Companies Profiled:
Atlas Copco AB
Ingersoll Rand Inc.
Gardner Denver Holdings Inc.
Sullair LLC
Kaeser Kompressoren SE
Elgi Equipments Limited

Hitachi Industrial Equipment Systems Co., Ltd.

Rolair Systems
Quincy Compressor
Sullivan-Palatek, Inc.

Air Compressor Market Research Segmentation:

Air compressors encompass a wide range of products tailored to specific applications and industry requirements. The market segmentation includes variations in compressor type, technology, power rating, and end-user sectors.

By Product Type:
Reciprocating
Rotary
Centrifugal
By Lubrication:
Oil-Filled
Oil-Free
By Application:
Manufacturing
Construction
Food & Beverage
Chemical and Petrochemical
Healthcare
Automotive
Oil & Gas
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33603

1. Executive Summary

1.1. Global Air Compressor Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Type Lifecycle Analysis
2.4. Air Compressor Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Air Compressor Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Air Compressor Market Outlook: Product Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
  - 3.3.3.1. Reciprocating
  - 3.3.3.2. Rotary
  - 3.3.3.3. Centrifugal
3.4. Market Attractiveness Analysis: Product Type
3.5. Global Air Compressor Market Outlook: Lubrication
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Lubrication, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Lubrication, 2023 - 2030
  - 3.5.3.1. Oil-Filled
  - 3.5.3.2. Oil-Free
3.6. Market Attractiveness Analysis: Lubrication
3.7. Global Air Compressor Market Outlook: Application
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
  - 3.7.3.1. Manufacturing
  - 3.7.3.2. Construction
  - 3.7.3.3. Food & Beverages
  - 3.7.3.4. Chemical and Petrochemical
  - 3.7.3.5. Healthcare
  - 3.7.3.6. Automotive
  - 3.7.3.7. Oil & Gas
3.8. Market Attractiveness Analysis: Application

4. Global Air Compressor Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Air Compressor Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Product Type
- 5.3.3. By Lubrication
- 5.3.4. By Application
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 5.5.1. Reciprocating
- 5.5.2. Rotary
- 5.5.3. Centrifugal
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Lubrication, 2023 - 2030
- 5.6.1. Oil-Filled
- 5.6.2. Oil-Free
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.7.1. Manufacturing
- 5.7.2. Construction
- 5.7.3. Food & Beverages
- 5.7.4. Chemical and Petrochemical
- 5.7.5. Healthcare
- 5.7.6. Automotive
- 5.7.7. Oil & Gas
5.8. Market Attractiveness Analysis

6. Europe Air Compressor Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Product Type
- 6.3.3. By Lubrication
- 6.3.4. By Application
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. T rkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 6.5.1. Reciprocating
- 6.5.2. Rotary
- 6.5.3. Centrifugal
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Lubrication, 2023 - 2030
- 6.6.1. Oil-Filled
- 6.6.2. Oil-Free
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.7.1. Manufacturing
- 6.7.2. Construction
- 6.7.3. Food & Beverages
- 6.7.4. Chemical and Petrochemical
- 6.7.5. Healthcare
- 6.7.6. Automotive
- 6.7.7. Oil & Gas
6.8. Market Attractiveness Analysis

7. East Asia Air Compressor Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Lubrication
- 7.3.4. By Application
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 7.5.1. Reciprocating
- 7.5.2. Rotary
- 7.5.3. Centrifugal
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Lubrication, 2023 - 2030
- 7.6.1. Oil-Filled
- 7.6.2. Oil-Free
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.7.1. Manufacturing
- 7.7.2. Construction
- 7.7.3. Food & Beverages
- 7.7.4. Chemical and Petrochemical
- 7.7.5. Healthcare
- 7.7.6. Automotive
- 7.7.7. Oil & Gas
7.8. Market Attractiveness Analysis

8. South Asia & Oceania Air Compressor Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Lubrication
- 8.3.4. By Application
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 8.5.1. Reciprocating
- 8.5.2. Rotary
- 8.5.3. Centrifugal
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Lubrication, 2023 - 2030
- 8.6.1. Oil-Filled
- 8.6.2. Oil-Free
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.7.1. Manufacturing
- 8.7.2. Construction
- 8.7.3. Food & Beverages
- 8.7.4. Chemical and Petrochemical
- 8.7.5. Healthcare
- 8.7.6. Automotive
- 8.7.7. Oil & Gas
8.8. Market Attractiveness Analysis

9. Latin America Air Compressor Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Lubrication
- 9.3.4. By Application
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 9.5.1. Reciprocating
- 9.5.2. Rotary
- 9.5.3. Centrifugal
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Lubrication, 2023 - 2030
- 9.6.1. Oil-Filled
- 9.6.2. Oil-Free
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.7.1. Manufacturing
- 9.7.2. Construction
- 9.7.3. Food & Beverages
- 9.7.4. Chemical and Petrochemical
- 9.7.5. Healthcare
- 9.7.6. Automotive
- 9.7.7. Oil & Gas
9.8. Market Attractiveness Analysis

10. Middle East & Africa Air Compressor Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Lubrication
- 10.3.4. By Application
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 10.5.1. Reciprocating
- 10.5.2. Rotary
- 10.5.3. Centrifugal
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Lubrication, 2023 - 2030
- 10.6.1. Oil-Filled
- 10.6.2. Oil-Free
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.7.1. Manufacturing
- 10.7.2. Construction
- 10.7.3. Food & Beverages
- 10.7.4. Chemical and Petrochemical
- 10.7.5. Healthcare
- 10.7.6. Automotive
- 10.7.7. Oil & Gas
10.8. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Offshore Air Compressors
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Atlas Copco AB
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Ingersoll-Rand plc
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Gardner Denver Holdings, Inc
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Sullair LLC
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Kaeser Kompressoren SE
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. ELGi Equipments Limited
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Quincy Compressor
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Doosan Portable Power
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Bauer Compressors, Inc.
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Sullivan-Palatek, Inc..
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations