The stationary air compressor market is expected to exhibit around 3.5% growth during 2023 to 2032. The demand for household applications in the countries like China, Brazil, India and others will contribute to sector growth. According to the China Chamber of Commerce for Import and Export of machinery and Electronic Products, in 2022, China’s exports of household appliances like televisions, projectors, and air conditioners to the League of Arab States increased by 11.21% on an annual basis. The rise in exports and self-consumption of these countries is expected to influence the industry outlook.
The industry size from the oil-free lubrication segment is forecasted to cross USD 38 billion by 2032. The growing need for clean and uncontaminated air in the healthcare market will boost the adoption of oil-free air compressors significantly. Indoor air quality in hospitals is vital due to the fear of infection spread. To avoid health issues or deaths due to indoor pollution, especially at a time of a rising number of new infections emerging worldwide, hospitals are anticipated to invest heavily in air purification equipment over the years.
Air compressor market share from the home appliances segment is expected to exceed USD 30 billion by 2032. In addition to being utilized to inflate tires and other inflatable things, air compressors are used in home appliances like air conditioners and refrigerators to cool the air inside the appliance. Some creative activities for hobbies or professional artistry also use air compressors in multiple ways. Rising sales of air conditioning systems across countries experiencing extreme weather conditions could bolster business growth.
North America air compressor industry is forecasted to attain 4% gains between 2023 and 2032 due to the increase in shale gas development activities in the region. The increasing industrial projects and investments in process industries in the region are expected to influence the growth of the regional market. Air compressors are used in personal and industrial applications in North America, generating more revenue.