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Portable Air Compressor Market Analysis

Report ID: GMI2564
Published Date: Jul 2023
Report Format: PDF

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Portable Air Compressor Market Analysis

With regards to technology, the portable air compressor market from the rotary screw segment is set to generate substantial revenue by 2032. This growth can be attributed to the rising usage of energy-efficient and high-power air compressors. Majority of portable rotary screw compressors are also available in oil-injected form in comparison to oil-free models on account of their higher costs and preference for renting oil-free air compressors in various countries.

With respect to lubrication, the demand for oil-filled portable air compressors is estimated to register over 7.5% CAGR from 2023 to 2032 led by rising utilization in rough applications, such as construction, mining & quarrying, and industrial sectors. Oil-filled portable air compressors are widely used in automotive repair & maintenance tasks for powering pneumatic wrenches and ratchets as well as inflating tires and blowing out debris from radiators and filters. The surging need for improved lubrication and smoother operation will also augment the market development.

Based on application, the portable air compressor market size from the semiconductor & electronics segment is expected to record notable CAGR from 2023 to 2032. This growth can be credited to the rising adoption of portable air compressors for powering pneumatic tools used in semiconductor and electronics manufacturing processes. Some of them include impact wrenches, air-driven screwdrivers, drills, grinders, and sanders deployed in assembly, repair, and maintenance tasks. Increasing penetration in component testing and quality control processes will also play a key role in the segment expansion.

Asia Pacific portable air compressor market is likely to capture more than 50% of the revenue share by 2032 propelled by the significant surge in the number of construction and infrastructure projects, mainly in China and India. The presence of thriving automotive industry and major automobile manufacturers has spurred the adoption of portable air compressors in various automotive applications, such as, tire inflation, air tool operation, and spray painting. The increasing industrial output of the food & beverages, electronics, and medical industries will also contribute to the regional market expansion.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The market size of portable air compressor is anticipated to witness more than 7.6% CAGR from 2023 to 2032, due to the rapid rate of automotive production.

The oil-filled portable air compressor market size is estimated to register gains at nearly 7.5% up to 2032 driven by rising utilization in rough applications, such as construction, mining & quarrying, and industrial sectors.

The portable air compressor industry size from the semiconductor & electronics application segment is expected to record notable CAGR from 2023 to 2032 attributed to the rising adoption for powering pneumatic tools used in semiconductor and electronics manufacturing processes.

Asia Pacific market for portable air compressor is likely to record around 50% of the revenue share by 2032 driven by the significant surge in the number of construction and infrastructure projects, mainly in China and India.