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:
The Air Compressor Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Air Compressor Market, as well as the causes for variances in the industry’s growth in various places
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Air Compressor Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
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.
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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
Air Compressor Market Key Players: The key players are
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)
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Air Compressor Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Air Compressor Market Report are:
1] What is the growth rate of the Global Air Compressor Market?
Ans. The Global Air Compressor Market is growing at a significant rate of 5.04 % during the forecast period.
2] Which region is expected to dominate the Global Air Compressor Market?
Ans. APAC is expected to dominate the Air Compressor Market during the forecast period.
3] What is the expected Global Air Compressor Market size by 2030?
Ans. The Air Compressor Market size is expected to reach USD 38.63 Bn by 2030.
4] Which are the top players in the Global Air Compressor Market?
Ans. The major top players in the Global Air Compressor Market are Oasis Manufacturing, Bel Aire Compressors and others.
5] What are the factors driving the Global Air Compressor Market growth?
Ans. The expanding industrial sector, particularly in emerging economies, is fueling the demand for air compressors. These compressors are essential for various manufacturing processes across industries such as automotive, aerospace, electronics, and food and beverage.
6] Which country held the largest Global Air Compressor Market share in 2023?
Ans. China held the largest Air Compressor Market share in 2023.
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