Air Compressor Market Size By Product (Portable, Stationary), By Technology (Rotary [Screw, Scroll], Reciprocating, Centrifugal), By Lubrication (Oil Free, Oil Filled), By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Commercial, Manufacturing, Healthcare [Medical, Dental]), Mining & Construction, Transportation), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jun 2021  |  Report ID: GMI377  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 380   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trend

Air Compressor Market size exceeded USD 65.91 billion in 2020 and is projected to grow at 4% CAGR from 2021 to 2027. The global industry shipments are expected to surpass 472,989 thousand units by 2027. The increasing demand for automotive components, growing oil exploration & mining operations, and advancements in the energy & power generating sectors are likely to positively boost the industry growth. Furthermore, heavily advancing energy & healthcare industries in African countries will further augment product demand.
 

Air Compressor Market

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The escalating automobile demand throughout the globe due to the improved lifestyle, growing spending power, and increasing population of the region will drive the demand for air compressors. The automobile industry growth in Europe and North America will also fuel the market development. Even though the population is increasing at a significantly lower rate than the developing regions, the U.S. and Europe are still major markets for the automobile industry owing to technological developments in the sector.
 

However, the value chain of air compressors includes various stakeholders such as raw material suppliers, manufacturers, component & part suppliers, distributors, end users, and regulators. The COVID-19 had significant impacts on the overall value chain of air compressors. The economic impact of the virus is also becoming increasingly clear. It has impacted a wide range of activities within the value chain including selling & distribution, raw material supply, after-sales services, loss in demand, etc. The foremost impact of the COVID-19 on air compressors was a significant loss in revenue caused by a drop in the demand from end-user industries, which can be an obstructing factor for the compressors market.
 

Stationary compressors are set to gather the largest market share by 2027

  Global Air Compressor Market Revenue, By Product

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The stationary air compressor market led the global industry and is anticipated to gain a market share of over 95% by 2027. Their consumption will be escalated by the swift industrial advancements in the Asia Pacific region driven by the extensive usage of compressed air in almost all manufacturing activities. Stationary air compressors are used in a wide range of applications including in refrigeration & air conditioning systems, automobiles, and industrial usage. The size & capacity also varies according to the usage with automobiles, refrigerators, and air conditioners using smaller ones while industrial end-users mostly use the medium & larger ones.
 

Rotary air compressors are anticipated to be the fastest growing compressor technology

Rotary air compressor market is estimated to witness 4%a CAGR through 2027. The demand for rotary air compressors has been increasing in the last decade on account of its advantages such as lower installment & maintenance costs and higher efficiency. Manufacturers have been investing heavily in developing rotary compressors that provide higher capacity with lower energy consumption. This segment has been further divided into screw, scroll, and other rotary types such as vane, lobe, etc. Rotary screw air compressors will have the highest growth rate among these three owing to their low initial cost, reliability, better heat resistance, and easy & low-cost maintenance.
 

Screw compressors have been replacing piston compressors by their lower surging of flow, continuous operation, and higher capacity. The scroll compressor market will be augmented by its higher energy efficiency when compared to screw compressors.
 

Oil filled lubrication in compressors will likely be the primary lubrication system

Oil filled air compressors will dominate the overall industry and account for a volume share close to 60% in 2027. These compressors are bulky in nature and highly durable due to efficient lubrication. Moreover, these products are capable of delivering compressed air with higher capacity and are broadly utilized for heavy-duty applications by their durability and design. Growth in the manufacturing sector will create huge scope for the oil filled air compressors segment as the product is extensively used in production plants along with energy and oil & gas sectors.
 

Home appliances to be the leading application

The home appliances segment is the most noteworthy application area for air compressors growing with a CAGR of around 3.5% by 2027. Robust economic growth, urbanization, and rising income level of consumers in developing countries will drive the household appliances industry. Air compressor market demand for home appliances application in Asia Pacific will also be high through 2027 impelled by the increasing production in China, India, Japan, and South Korea. China holds for a fifth position of the global refrigerator and freezer exports in 2016.
 

North America will be the most protruding regional market

  Global Air Compressor Market Revenue, By Region

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North America air compressor market is poised to capture more than 35% share by 2027. The U.S. is ranked fourth in the global refrigerator exports with a little less than 7% of the global share. It is also expected to observe high demand for household portable air compressors for domestic workshops, painting, etc. The U.S. also has a large number of refrigerated warehouses and packaged food industries, driving the food & beverage application in the region.
 

The global market is moderately consolidated with a huge number of competitors spread across the globe. The major manufacturers existing in the air compressor market are Ingersoll-Rand, Atlas Copco, Sullair, Kaeser Kompressoren, Bauer Compressors, Bitzer, Daikin, Emerson Tecumseh, Doosan Portable Power, GMCC, and Embraco, among others.
 

This market research report on air compressor includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2017 to 2027 for the following segments:

Market, By Product

  • Portable
  • Stationary

Market, By Technology

  • Rotary
    • Screw
    • Scroll
    • Others
  • Reciprocating
  • Centrifugal

Market, By Lubrication

  • Oil free
  • Oil filled

Market, By Application

  • Home appliances
  • Food & beverage
  • Oil & gas
  • Energy
  • Commercial
  • Manufacturing
  • Healthcare
  • Mining & construction
  • Transportation
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • South Korea
  • Latin America (LATAM)
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
       

Frequently Asked Questions (FAQ) :

Air compressor market size had surpassed USD 65.91 billion in 2020 and will observe a CAGR of 4% through 2027.
Stationary air compressor market will capture over 95% share by 2027 due to rising product demand driven by swift industrial advancements and increasing manufacturing activities.
Oil filled air compressors market will secure around 60% share in 2027 on account of heightened product demand across manufacturing, energy and oil & gas sectors.
Home appliances segment will register a CAGR of over 3.5% through 2027 with rapid economic growth, urbanization, and rising income level of consumers in developing countries.
North America air compressor market will capture more than 35% share by 2027 owing to elevating demand for household portable air compressors for domestic workshops, painting, etc. in the region.

Premium Report Details

  • Published Date: Jun 2021
  • Pages: 380
  • Tables: 353
  • Charts / Figures: 46
  • Companies covered: 18
  • Countries covered: 20

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