Reciprocating Air Compressor Market Size By Product (Portable, Stationary), By Technology (Single-acting, Double-acting), By Lubrication (Oil Free, Oil Filled), By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Semiconductor & Electronics, Manufacturing, Healthcare), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Apr 2018  |  Report ID: GMI2554  |  Authors: Kiran Pulidindi, Soumalya Chakraborty

Report Format: PDF   |   Pages: 320   |   Base Year: 2016




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Reciprocating Air Compressor Market size was estimated over USD 5 billion in 2017 and the industry will grow by a CAGR more than 3% up to 2024.
 

Europe Reciprocating Air Compressor Market Size, by Application, 2013 – 2024 (USD Million)

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Significant growth in the Asia Pacific automotive industry will spur the reciprocating air compressor market as it is an indispensable part of every automobile. The product, also called as piston air compressor, is used in vehicular air brakes, automobile air-conditioners, and to compress engine air intake for superchargers and turbo chargers allowing combustion of more fuels in the same-sized cylinders. Asia Pacific has been a significant automotive market with high production as well as sales volume. Positive GDP growth and upsurge in living standards of the population along with the incessantly increasing urban population in Asian countries will propel piston air compressor demand in the automotive sector. In 2015, Asian countries such as China, India, Japan, and South Korea accounted around 40% of the entire automotive sales, including both commercial and personal vehicles. This upstream trend of automotive sector will further boost the global reciprocating air compressor market over the forecast time frame.
 

High demand for the rental service of piston air compressor is a key factor restraining the sale of the product. Various medium and small-scale companies, which do not require compressed air on the regular basis usually opt for renting rather than buying the piston air compressor. This is owing to the excessive purchasing and maintenance costs related with the product. Renting the product also gives the end-users increased flexibility toward different compressor requirements. This will hamper the new product sales as most end-users prefer cost efficient rental service, thus hindering the overall reciprocating air compressor market growth in coming years.
 

Reciprocating Air Compressor Market Report Coverage
Report Coverage Details
Base Year: 2016 Market Size in 2016: 5 Billion (USD)
Historical Data for: 2013 to 2016 Forecast Period: 2017 to 2024
Forecast Period 2017 to 2024 CAGR: 3% 2024 Value Projection: 6.4 Billion (USD)
Pages: 320 Tables, Charts & Figures: 386
Geographies covered (21): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait
Segments covered: Product, Technology, Lubrication, Application and Region
Companies covered (13): Atlas Copco, Sullair, LLC, Gardner Denver, Inc., Kaeser Kompressoren SE, Ingersoll-Rand plc, Elgi Compressors USA, Inc., Quincy Compressor, Vanair (Vanair Manufacturing, Inc.), Emersion Climate Technologies, Inc., Frank Technologies, Hertz, Coburg Equipment Private Limited, Guru Enterprises
Growth Drivers:
  • Growth in automotive industry in Asia Pacific
  • Significant growth in the household appliances market
Pitfalls & Challenges:
  • Availability of rental service in the market
  • Strict regulations regarding the usage of air compressor

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Reciprocating Air Compressor Market, By Product

Based on product, the market is segregated on the basis of portable and stationary piston air compressors. Among these, stationary reciprocating air compressor accounted majority of the market in 2017 and is likely to lose its share in coming year due to the acceptance of portable ones in end-use industries. Stationary piston compressors of smaller sizes are extensively used in automobiles, refrigerators and air conditioners while the larger types are used in industrial and manufacturing applications due to their high capacity and efficiency.
 

In terms of revenue portable reciprocating air compressor accounted for over USD 1 billion in 2017 and is likely to grow at significant CAGR in the forecast period. Increasing oil & gas exploration & mining activities, increasing offshore oil rigs coupled with upsurge in construction activities in emerging countries will drive the portable reciprocating air compressor market growth in coming years.
 

Reciprocating Air Compressor Market, By Technology

Based on technology, the industry is divided into single acting, double acting and others. Single acting piston air compressor is the dominant technology segment, accounting for more than 40% of the entire piston air compressor market share and will grow at a significant annual growth rate in coming years. The product is highly recommended for light work at workshop, home and related places due to ease of portability, low maintenance and other mechanical characteristics.
 

Double acting reciprocating air compressor will grow with over 3% CAGR over the forecast timeframe. Excessive product usage in commercial and industrial applications due to higher horsepower, pressure, and capacity features will drive the demand of piston air compressor by 2024.
 

Reciprocating Air Compressor Market, By Lubrication

Reciprocating air compressor industry is segregated based on lubrication; which include oil free and oil filled types. Among these, oil free accounted for around 16% of the entire market in 2017 and will grow at a significant rate by 2024. Expansion in healthcare sector will have significant impact on the oil free air compressors due to the need of clean and uncontaminated air. The discharge air from compressors used in the healthcare sector must not contain any contaminant owing to the critical purposes this air is used in.
 

Based on revenue, oil filled lubrication segment generated over USD 3 billion in 2017 and will grow at sluggish rate from 2018 to 2024. Growth in manufacturing sector will have a significant impact on the oil filled air compressors market in future due to its rough application and low cost as compared to oil free types. Oil filled air compressors have their applications in all types of power plants including thermal, hydroelectric, nuclear power plants and even in diesel-engine generators.
 

Reciprocating Air Compressor Market, By Application

On the basis of application, reciprocating air compressor market is fragmented into home appliances, food & beverage, oil & gas, energy, semiconductor & electronics, manufacturing, healthcare and others. Among these, manufacturing application accounted for more than 20% of the entire segment in 2017. Around 90% of all manufacturing companies use compressed air in their production and plant processes in some form. Compressed air is used in operating pneumatic tools, cutting & welding equipment, monitoring equipment, mold work, during blowing processes of plastics and other materials, for sandblasting and metal finishing as well as operating automatic machinery.
 

In 2017, healthcare segment generated revenue close to USD 1 billion and is expected to grow at slow rate through the forecast timeframe. The product is widely used in medical, dental and other related purpose supplying oxygen to patients, for autoclaves and sterilizing, in patient simulators, hospital headwalls, medical gas booms, etc.
 

Reciprocating Air Compressor Market, By Region

The U.S. is a major contributor in the reciprocating air compressor market and accounted for over 70% share of North America region in 2017. This can be attributed to high demand for household portable air compressors for domestic workshops, painting, etc. The U.S. also has many frozen warehouses and food industries, driving the food application segment of the region.
 

Germany accounted for around 21% share of the Europe in 2017 and will expand its market share by 2024. This is all due to the extensive automobile production in Germany coupled with growth in manufacturing sector. The product is used to provide compressed air in operating air tools on production lines, cutting and welding equipment, monitoring equipment, ejecting pieces from molds as well as operating automatic machinery.
 

Competitive Market Share

Global reciprocating air compressor market is characterized by the presence of various big and small producers and some of them are Atlas Copco, Sullair, LLC, Gardner Denver., Kaeser Kompressoren SE, Elgi Compressors USA, Inc, Quincy Compressor, Emersion Climate Technologies, Frank Technologies, Hertz, Ingersoll-Rand, Coburg Equipments Private Limited, Guru Enterprises, Vanair, and others.
 

The companies are mostly engaging in the joint ventures, mergers, and acquisition for expansion of their business across the globe. For example, In July 2017, Ingersoll-Rand successfully acquired MB Air Systems Limited to strengthen its supply & service capabilities and to improve presence in Europe.
 

Industry Background

Reciprocating air compressor market will witness a steady growth in the demand owing to its varied area of application. Increasing demand for home appliances such as refrigerator and air conditioners with the developing living standards of the people coupled with the hot climate of the developing countries such as India, South Africa, Mexico, Brazil, etc. will significantly influence the demand for hermetic air compressors throughout the forecast period.
 

Moreover, growing demand for automobiles, increasing mining and oil exploration activities, developments in the energy and power generation sector will positively drive the piston air compressor market in the coming years. Highly potential healthcare and energy industries in Africa will further boost the product demand.
 


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