Air Compressor Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for air compressors. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Air Compressor Market Size (2024E): USD 35.2 Billion
Projected Market Value (2031F): USD 48.9 Billion
Global Market Growth Rate (CAGR 2024 to 2031): 4.80%

Air Compressor Market - Report Scope:

Air compressors are essential in various industries for numerous applications, including powering pneumatic tools, HVAC systems, and industrial processes. These devices convert power into potential energy stored in pressurized air, which can be released to perform work in different mechanical operations. The air compressor market caters to sectors such as manufacturing, healthcare, oil and gas, automotive, and construction, offering a range of compressor types including reciprocating, rotary, and centrifugal air compressors. Market growth is driven by the increasing demand for energy-efficient compressors, advancements in compressor technology, and the expansion of end-use industries.

Market Growth Drivers:

The global air compressor market is propelled by several key factors, including the rising industrialization in emerging economies and the increasing adoption of automation across various sectors. The demand for energy-efficient compressors to reduce operational costs and carbon emissions is also a significant growth driver. Technological advancements, such as the development of oil-free compressors and smart compressors equipped with IoT and AI for predictive maintenance, enhance operational efficiency and reliability, further fostering market growth. Moreover, the expansion of industries like automotive, construction, and healthcare creates new opportunities for air compressor manufacturers.

Market Restraints:

Despite promising growth prospects, the air compressor market faces challenges related to high initial investment costs and maintenance expenses. Stringent regulations on energy consumption and emissions pose compliance challenges for manufacturers, affecting market entry barriers and operational costs. Additionally, the availability of alternative technologies and the volatility of raw material prices can hinder market growth. Addressing these challenges requires innovation in compressor design and materials to improve efficiency and reduce costs.

Market Opportunities:

The air compressor market presents significant growth opportunities driven by technological innovations, the increasing focus on energy efficiency, and the expansion of end-use industries. The integration of digital technologies, such as remote monitoring and predictive maintenance systems, enhances the performance and lifespan of compressors, providing cost-saving benefits to users. Furthermore, the growing emphasis on sustainability and the adoption of renewable energy sources create new avenues for market players to develop eco-friendly and energy-efficient compressor solutions. Strategic partnerships, investment in research and development, and the introduction of advanced compressor technologies are essential to capitalize on emerging opportunities and sustain market leadership in the dynamic air compressor landscape.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the air compressor market globally?
Which compressor types and applications are driving air compressor adoption 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 employing to maintain market relevance?
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, Ingersoll Rand, and Gardner Denver, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced compressor solutions, including oil-free compressors, variable-speed compressors, and smart compressors, catering to diverse industrial needs. Collaborations with industry stakeholders, distributors, and regulatory agencies facilitate market access and promote technology adoption. Moreover, emphasis on energy efficiency, sustainability, and customer-centric solutions fosters market growth and enhances user satisfaction in the rapidly evolving air compressor landscape.

Key Companies Profiled:

Atlas Copco AB
Ingersoll-Rand plc
Gardner Denver Holdings, Inc
Sullair LLC
Kaeser Kompressoren SE
ELGi Equipments Limited
Quincy Compressor
Doosan Portable Power
Bauer Compressors, Inc.
Sullivan-Palatek, Inc.

Air Compressor Market Research Segmentation

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, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, 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 (2019 - 2023) and Forecast (2024-2031)

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$ Bn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2019-2023
- 3.2.2. Current Market Size Forecast, 2024-2031
3.3. Global Air Compressor Market Outlook: Product Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Product Type, 2019 - 2023
- 3.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
  - 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$ Bn) and Volume (Units) Analysis By Lubrication, 2019 - 2023
- 3.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Lubrication, 2024-2031
  - 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$ Bn) and Volume (Units) Analysis By Application, 2019 - 2023
- 3.7.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
  - 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$ Bn) and Volume (Units) Analysis By Region, 2019 - 2023
4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Region, 2024-2031
- 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 (2019 - 2023) and Forecast (2024-2031)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019 - 2023
- 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$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 5.5.1. Reciprocating
- 5.5.2. Rotary
- 5.5.3. Centrifugal
5.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Lubrication, 2024-2031
- 5.6.1. Oil-Filled
- 5.6.2. Oil-Free
5.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 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 (2019 - 2023) and Forecast (2024-2031)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019 - 2023
- 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$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 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. Turkey
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 6.5.1. Reciprocating
- 6.5.2. Rotary
- 6.5.3. Centrifugal
6.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Lubrication, 2024-2031
- 6.6.1. Oil-Filled
- 6.6.2. Oil-Free
6.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 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 (2019 - 2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019 - 2023
- 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$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 7.5.1. Reciprocating
- 7.5.2. Rotary
- 7.5.3. Centrifugal
7.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Lubrication, 2024-2031
- 7.6.1. Oil-Filled
- 7.6.2. Oil-Free
7.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 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 (2019 - 2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019 - 2023
- 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$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 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$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 8.5.1. Reciprocating
- 8.5.2. Rotary
- 8.5.3. Centrifugal
8.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Lubrication, 2024-2031
- 8.6.1. Oil-Filled
- 8.6.2. Oil-Free
8.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 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 (2019 - 2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019 - 2023
- 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$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 9.5.1. Reciprocating
- 9.5.2. Rotary
- 9.5.3. Centrifugal
9.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Lubrication, 2024-2031
- 9.6.1. Oil-Filled
- 9.6.2. Oil-Free
9.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 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 (2019 - 2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019 - 2023
- 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$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 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$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 10.5.1. Reciprocating
- 10.5.2. Rotary
- 10.5.3. Centrifugal
10.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Lubrication, 2024-2031
- 10.6.1. Oil-Filled
- 10.6.2. Oil-Free
10.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 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, 2023
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