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, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Apr 2020  |  Report ID: GMI377  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 326   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Air Compressor Market size was USD 75.5 billion in 2019 and will witness a CAGR of 5.2% between 2020 and 2026. The industry scope covers various categories of the product including air compressors for home appliances, tire inflators, automotive compressors for air conditioning and air brakes, construction equipment, medical and industrial air compressors for driving pneumatic machineries.

Air Compressor Market

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Proliferating GDP and improved living standards of the population coupled with the increasing number of people residing in the middle and high-income groups across the globe are contributing towards increased demand for residential cooling appliances. Moreover, growing inclination of industrial manufacturers towards plant automation is attributed towards increased productivity and reduced factory lead times. Incorporation of pneumatic systems offering higher operational feasibility and cost effectiveness for machine automation will significantly propelling the product sales over the forecast timeframe.

Growing investments by manufacturers in the R&D and redesigning activities for introducing new range of energy efficient air compressors is providing positive outlook for the market size expansion. Rising energy costs and regulations limiting the energy consumption of industrial equipment have led to the development of energy-efficient compressors. For instance, in May 2016, Kaeser Compressors redesigned their DSD 200 and DSD 250 series of rotary screw compressors delivering superior energy savings, reliability and lower maintenance. Such technological developments will contribute to the market growth over the forecast period. However, global pandemic situations such as coronavirus outbreak shall hamper the production rates and demand across diversified end user industries, further restricting the market size.

Air Compressor Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:USD 75.5 billion
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:5.2%
2026 Value Projection:USD 107.5 billion
Historical Data for:2016 to 2018
No. of Pages:326
Tables, Charts & Figures:295
Segments covered:Product, Technology, Lubrication, Application, Region
Growth Drivers:
  • Proliferating growth in household appliances market
  • Surging automobile production
  • Technological advancements in air compressors
  • Expansion of cold storage facilities
Pitfalls & Challenges:
  • Stringent regulations for utilization of air compressors
  • Growing popularity of rental services

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Increasing sales of household cooling appliances to foster demand for stationary air compressors

Stationary air compressor market will account for significant gains with 3.3% CAGR till 2026. The segment comprises of all small capacity compressors used in refrigeration and air conditioning, automobiles as well as larger oil & gas sector for driving tools and equipment. Surging global temperatures and growing requirements for modern conveniences are primarily resulting in increased demand for cooling appliances. Moreover, increased requirements of higher airflow capacity and air pressures for industrial and construction equipment will escalate the market demand.

Next generation rotary air compressors will escalate the segment size

Air Compressor Market Share

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Rotary will showcase potential growth opportunities with 3.5% CAGR till 2026. Lower installation & maintenance cost along with higher operational efficiency are contributing towards increased product penetration. Moreover, industry participants are also introducing new product range for enhancing air compressor industry share. For instance, in August 2017, Ingersoll Rand launched next generation rotary air compressors offering 15% improved efficiency and 16% greater air flow capacity.

Higher operational efficiency will propel the product demand

Oil filled compressors market accounted for around 70% of the volume share in 2019. Growing prominence of oil lubricated compressors is attributed towards their lower cost of operation and higher durability. Enhanced capabilities for delivering improved power output is significantly expanding its application scope in oil rigs, manufacturing facilities, food processing plants, oil & gas sectors and construction activities. Rapid development of food grade lubricants is further expected to expand the penetration of oil filled compressors in the food & beverage sector.

Improved consumer spending patterns will foster the market demand

United States Air Compressor Market

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Housing appliances segment is likely to grow at 3.1% CAGR over the study timeframe owing to the growing adoption of residential air conditioners and refrigerators. Improved consumer spending along with availability of next generation cooling equipment at cost effective prices will prominently augment the segment size. Proliferating urbanization, regional population growth along with surging demand for green buildings with comfortable environments will further contribute towards market growth.

Rising middle class economy and ongoing infrastructure development will drive the Asia Pacific market share

Asia Pacific is expected to dominate the global market with over 3.5% CAGR throughout the forecast timeframe. Increasing construction and infrastructure development activities in China, Japan, India and other developing countries will further contribute towards the market growth. Rapid industrialization, automobile production in conjunction with electronics market growth in China, Japan, India, and South Korea will signify the regional product demand throughout the forecast period.

North America air compressor market will account for over 15% volume share in 2019. Strong presence of refrigerated warehouses, food processing plants and packaged food industries are prominently contributing towards increased product demand. Surging production and sales of electric vehicles along with growing demand for energy efficient cooling appliances will escalate the regional share over the forecast timeframe.

Industry players are expanding their distribution capabilities

Manufacturers are striving to strengthen their distribution facilities for widening their consumer base and ensuring brand loyalty. For instance, in May 2019, Atlas Copco acquired Appleton Compressor Service & Supply, Inc. to ensure better service offerings for its regional customer base in U.S.

Major industry participants in the air compressor market share include Atlas Copco, Kaeser Kompressoren, Sullair, Ingersoll-Rand, Bauer Compressors, Doosan Portable Power, Bitzer, Tecumseh, Embraco, Daikin, Emerson and GMCC. New product launch, acquisitions and plant capacity expansions are some of the major strategies undertaken by manufacturers for gaining a higher market share.

Air compressor industry research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units & revenue in USD million from 2016 to 2026, for the following segments:

By Product

  • Stationary
  • Portable

By Technology

By Lubrication

  • Oil free
  • Oil filled

By Application

  • Housing 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
    • Italy
    • Spain
    • France
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Indonesia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Kuwait
    • UAE

Frequently Asked Questions (FAQ) :

The market size of air compressor surpassed USD 75.5 billion in 2019.
The industry share of air compressor is anticipated to grow at 5.2% CAGR between 2020 to 2026.
Stationary air compressors are expected to grow at more than 3.3% CAGR through 2026.
Asia Pacific is expected to dominate the market with over 3.5% CAGR during 2020 to 2026 owing to increasing construction & infrastructure development activities in China, Japan, India and other developing countries.
According to this report by GMI, oil filled compressors segment accounted for around 70% of the volume share in 2019.
Low maintenance costs along with higher efficiency of rotary air compressor will drive its market in coming years, says a GMI Report.
Major players in the industry include Atlas Copco, Kaeser Kompressoren, Sullair, Ingersoll-Rand, Bauer Compressors, Doosan Portable Power, Bitzer, Tecumseh, Embraco, Daikin, Emerson and GMCC.

Premium Report Details

  • Published Date: Apr 2020
  • Pages: 326
  • Tables: 264
  • Charts / Figures: 31
  • Companies covered: 25
  • Countries covered: 20

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