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The global air compressor market was valued at USD 32.16 billion in 2022, growing at a CAGR of 5.30% from 2023 to 2032. The market is expected to reach USD 53.90 billion by 2032. The increasing investments in LNG and mining and the rise of the domestic industrial sector, particularly automotive and food & beverage, propel market growth.
In various industries, an air compressor serves as a handy tool that harnesses power from diesel, electric motors, or gasoline engines. This power is then transformed into stored potential energy within compressed air. With its versatility, air compressors find themselves used for a range of purposes, from filling gas cylinders with highly pressurized, clean air to operating pneumatic HVAC control valves in office and school buildings. Additionally, mining, oil, and gas industries frequently employ air compressors for tasks such as aerating mud during underbalanced drilling, flushing mediums, and air pigging pipelines. High-pressure air is required to power instruments and equipment in industries such as construction, automotive, and manufacturing. In this regard, air compressors find widespread application. These versatile machines come in a range of sizes, from compact portable models to heavy-duty industrial compressors.
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The growing oil and gas industry: The rapid industrialization and growing investments to enhance the oil and gas pipeline networks drive the market growth. Further, the rising adoption of variable-speed systems, and oil-free lubrication processes, is expected to drive market growth. Also, the increasing use of air compressors in various applications due to their variable speed control, ability to retrofit existing systems, and low maintenance cost are expected to drive market growth over the forecast period. Additionally, the presence of several top manufacturers and the new product launches are expected to drive market growth.
The lack of skilled labour: The availability and cost of skilled labour for maintaining & repairing air compressors is the restraining factor of the market growth. Furthermore, the limited availability of raw materials & elements for manufacturing air compressors is expected to hinder the market growth over the forecast period.
The growing demand for portable air compressors: The increasing tendency of industrial manufacturers towards plant industrialization is associated with improved productivity & reduced factory lead times. These factors are also helping to boost the market growth. Further, the rapid growth of industries across developing & developed regions are also helping to boost market growth. However, the increased demand for compressed air in different industries for power instruments is helping to boost the market growth over the forecast period.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest global air compressor market, with a 46.33% market revenue share in 2022. Customers' increasing focus on easy-to-use & energy-efficient products is anticipated to propel market growth in this region. Moreover, China and Taiwan's large industrial base for electronics and semiconductor manufacturing is expected to drive market growth in this region. Additionally, the increasing focus of consumers on easy-to-use and energy-efficient products is also propelling the market growth over the forecast period. However, the presence of several manufacturers of screw compressors in China and India and ongoing projects are helping to stimulate market growth. The North American region will account for the largest market share with revenue growth. This growth is attributed to the growth in the popularity of portable models. Further, the increasing spending on industrialization and infrastructure development and the raised expenses and capacity expansions are expected to drive market growth. Moreover, the increasing investments in infrastructural development in both regions are also helping to stimulate market growth.
Asia Pacific Region Air Compressor Market Share in 2022 - 46.33%
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The lubrication segment is divided into oil-free and oil-filled. The oil-free segment dominated the market, with a share of around 55.14% in 2022. This growth is attributed to the increasing focus of governments towards reducing carbon emissions for environmental security.
The product segment is divided into reciprocating/piston, centrifugal, and rotary/screw. The centrifugal segment dominated the market, with a market share of around 42.18% in 2022. This growth is attributed to various applications, including gas turbines, chemical plants, petrochemicals, food & beverage, and oil refineries.
The type segment is divided into stationary and portable. The stationary segment dominated the market, with a market share of around 58.12% in 2022. This growth is attributed to the increase in the usage of air compressors in the automotive industry and many other heavy engineering industries. The portable segment is anticipated to dominate the market by 45.08% in 2032 due to the rising adoption of compressors to power pneumatic tools such as grinders, sanders, and wrenchers.
The application segment is divided into semiconductors & electronics, manufacturing, healthcare/medical, food & beverage, education, home appliances, oil & gas, and others. The oil & gas segment dominated the market, with a market share of around 22.15% in 2022. This growth is attributed to the raised demand for air compressors to re-inject reservoir pressure preservation.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 32.16 Billion |
| Market size value in 2032 | USD 53.90 Billion |
| CAGR (2023 to 2032) | 5.30% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Lubrication, Product, Type, Application |
Asia Pacific region emerged as the largest market for air compressor.
The market's growth will be influenced by the growing oil and gas industry.
The high cost of installation and maintenance of the equipment could hamper the market growth.
The increasing demand from end-use industries will provide huge opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Lubrication
4.3.2. Market Attractiveness Analysis By Product
4.3.3. Market Attractiveness Analysis By Type
4.3.4. Market Attractiveness Analysis By Application
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The growing oil and gas industry
5.2.2. The increasing focus on energy efficiency
5.3. Restraints
5.3.1. The availability and cost of skilled labor for maintaining and repairing air compressors
5.3.2. The high cost of installation and maintenance for the equipment
5.4. Opportunities
5.4.1. The growing demand for portable air compressors
5.4.2. The increasing demand from end-use industries
6. Global Air Compressor Market Analysis and Forecast, By Lubrication
6.1. Segment Overview
6.2. Oil-Free
6.3. Oil-Filled
7. Global Air Compressor Market Analysis and Forecast, By Product
7.1. Segment Overview
7.2. Reciprocating/Piston
7.3. Centrifugal
7.4. Rotary/Screw
8. Global Air Compressor Market Analysis and Forecast, By Type
8.1. Segment Overview
8.2. Stationary
8.3. Portable
9. Global Air Compressor Market Analysis and Forecast, By Application
9.1. Segment Overview
9.2. Semiconductors & Electronics
9.3. Manufacturing
9.4. Healthcare/Medical
9.5. Food & Beverage
9.6. Education
9.7. Home Appliances
9.8. Oil & Gas
9.9. Others
10. Global Air Compressor Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Air Compressor Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Air Compressor Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Ciasons Industrial Inc.
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Aerzener Maschinenfabrik GmbH
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Desran Compressor Co.Ltd.
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Hitachi Ltd
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Berkshire Hathaway Inc.
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Atlas Copco AB
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Gardner Denver Holdings Inc.
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Elgi Equipments Limited
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Ebara Corporation
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Stanley Black & Decker Corporation
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. NINGBO XINDA GROUP CO.LTD
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Product Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
12.12. Suzler Ltd
12.12.1. Business Overview
12.12.2. Company Snapshot
12.12.3. Company Market Share Analysis
12.12.4. Company Product Portfolio
12.12.5. Recent Developments
12.12.6. SWOT Analysis
12.13. Indo-Air Compressors Pvt. Ltd.
12.13.1. Business Overview
12.13.2. Company Snapshot
12.13.3. Company Market Share Analysis
12.13.4. Company Product Portfolio
12.13.5. Recent Developments
12.13.6. SWOT Analysis
List of Table
1. Global Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
2. Global Oil-Free, Air Compressor Market, By Region, 2019-2032 (USD Billion)
3. Global Oil-Filled, Air Compressor Market, By Region, 2019-2032 (USD Billion)
4. Global Air Compressor Market, By Product, 2019-2032 (USD Billion)
5. Global Reciprocating/Piston, Air Compressor Market, By Region, 2019-2032 (USD Billion)
6. Global Centrifugal, Air Compressor Market, By Region, 2019-2032 (USD Billion)
7. Global Rotary/Screw, Air Compressor Market, By Region, 2019-2032 (USD Billion)
8. Global Air Compressor Market, By Type, 2019-2032 (USD Billion)
9. Global Stationary, Air Compressor Market, By Region, 2019-2032 (USD Billion)
10. Global Portable, Air Compressor Market, By Region, 2019-2032 (USD Billion)
11. Global Air Compressor Market, By Application, 2019-2032 (USD Billion)
12. Global Semiconductors & Electronics, Air Compressor Market, By Region, 2019-2032 (USD Billion)
13. Global Manufacturing, Air Compressor Market, By Region, 2019-2032 (USD Billion)
14. Global Healthcare/Medical, Air Compressor Market, By Region, 2019-2032 (USD Billion)
15. Global Food & Beverage, Air Compressor Market, By Region, 2019-2032 (USD Billion)
16. Global Education, Air Compressor Market, By Region, 2019-2032 (USD Billion)
17. Global Home Appliances, Air Compressor Market, By Region, 2019-2032 (USD Billion)
18. Global Oil & Gas, Air Compressor Market, By Region, 2019-2032 (USD Billion)
19. Global Others, Air Compressor Market, By Region, 2019-2032 (USD Billion)
20. North America Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
21. North America Air Compressor Market, By Product, 2019-2032 (USD Billion)
22. North America Air Compressor Market, By Type, 2019-2032 (USD Billion)
23. North America Air Compressor Market, By Application, 2019-2032 (USD Billion)
24. U.S. Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
25. U.S. Air Compressor Market, By Product, 2019-2032 (USD Billion)
26. U.S. Air Compressor Market, By Type, 2019-2032 (USD Billion)
27. U.S. Air Compressor Market, By Application, 2019-2032 (USD Billion)
28. Canada Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
29. Canada Air Compressor Market, By Product, 2019-2032 (USD Billion)
30. Canada Air Compressor Market, By Type, 2019-2032 (USD Billion)
31. Canada Air Compressor Market, By Application, 2019-2032 (USD Billion)
32. Mexico Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
33. Mexico Air Compressor Market, By Product, 2019-2032 (USD Billion)
34. Mexico Air Compressor Market, By Type, 2019-2032 (USD Billion)
35. Mexico Air Compressor Market, By Application, 2019-2032 (USD Billion)
36. Europe Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
37. Europe Air Compressor Market, By Product, 2019-2032 (USD Billion)
38. Europe Air Compressor Market, By Type, 2019-2032 (USD Billion)
39. Europe Air Compressor Market, By Application, 2019-2032 (USD Billion)
40. Germany Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
41. Germany Air Compressor Market, By Product, 2019-2032 (USD Billion)
42. Germany Air Compressor Market, By Type, 2019-2032 (USD Billion)
43. Germany Air Compressor Market, By Application, 2019-2032 (USD Billion)
44. France Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
45. France Air Compressor Market, By Product, 2019-2032 (USD Billion)
46. France Air Compressor Market, By Type, 2019-2032 (USD Billion)
47. France Air Compressor Market, By Application, 2019-2032 (USD Billion)
48. U.K. Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
49. U.K. Air Compressor Market, By Product, 2019-2032 (USD Billion)
50. U.K. Air Compressor Market, By Type, 2019-2032 (USD Billion)
51. U.K. Air Compressor Market, By Application, 2019-2032 (USD Billion)
52. Italy Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
53. Italy Air Compressor Market, By Product, 2019-2032 (USD Billion)
54. Italy Air Compressor Market, By Type, 2019-2032 (USD Billion)
55. Italy Air Compressor Market, By Application, 2019-2032 (USD Billion)
56. Spain Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
57. Spain Air Compressor Market, By Product, 2019-2032 (USD Billion)
58. Spain Air Compressor Market, By Type, 2019-2032 (USD Billion)
59. Spain Air Compressor Market, By Application, 2019-2032 (USD Billion)
60. Asia Pacific Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
61. Asia Pacific Air Compressor Market, By Product, 2019-2032 (USD Billion)
62. Asia Pacific Air Compressor Market, By Type, 2019-2032 (USD Billion)
63. Asia Pacific Air Compressor Market, By Application, 2019-2032 (USD Billion)
64. Japan Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
65. Japan Air Compressor Market, By Product, 2019-2032 (USD Billion)
66. Japan Air Compressor Market, By Type, 2019-2032 (USD Billion)
67. Japan Air Compressor Market, By Application, 2019-2032 (USD Billion)
68. China Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
69. China Air Compressor Market, By Product, 2019-2032 (USD Billion)
70. China Air Compressor Market, By Type, 2019-2032 (USD Billion)
71. China Air Compressor Market, By Application, 2019-2032 (USD Billion)
72. India Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
73. India Air Compressor Market, By Product, 2019-2032 (USD Billion)
74. India Air Compressor Market, By Type, 2019-2032 (USD Billion)
75. India Air Compressor Market, By Application, 2019-2032 (USD Billion)
76. South America Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
77. South America Air Compressor Market, By Product, 2019-2032 (USD Billion)
78. South America Air Compressor Market, By Type, 2019-2032 (USD Billion)
79. South America Air Compressor Market, By Application, 2019-2032 (USD Billion)
80. Brazil Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
81. Brazil Air Compressor Market, By Product, 2019-2032 (USD Billion)
82. Brazil Air Compressor Market, By Type, 2019-2032 (USD Billion)
83. Brazil Air Compressor Market, By Application, 2019-2032 (USD Billion)
84. Middle East and Africa Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
85. Middle East and Africa Air Compressor Market, By Product, 2019-2032 (USD Billion)
86. Middle East and Africa Air Compressor Market, By Type, 2019-2032 (USD Billion)
87. Middle East and Africa Air Compressor Market, By Application, 2019-2032 (USD Billion)
88. UAE Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
89. UAE Air Compressor Market, By Product, 2019-2032 (USD Billion)
90. UAE Air Compressor Market, By Type, 2019-2032 (USD Billion)
91. UAE Air Compressor Market, By Application, 2019-2032 (USD Billion)
92. South Africa Air Compressor Market, By Lubrication, 2019-2032 (USD Billion)
93. South Africa Air Compressor Market, By Product, 2019-2032 (USD Billion)
94. South Africa Air Compressor Market, By Type, 2019-2032 (USD Billion)
95. South Africa Air Compressor Market, By Application, 2019-2032 (USD Billion)
List of Figures
1. Global Air Compressor Market Segmentation
2. Global Air Compressor Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Air Compressor Market Attractiveness Analysis By Lubrication
9. Global Air Compressor Market Attractiveness Analysis By Product
10. Global Air Compressor Market Attractiveness Analysis By Type
11. Global Air Compressor Market Attractiveness Analysis By Application
12. Global Air Compressor Market Attractiveness Analysis By Region
13. Global Air Compressor Market: Dynamics
14. Global Air Compressor Market Share By Lubrication (2023 & 2032)
15. Global Air Compressor Market Share By Product (2023 & 2032)
16. Global Air Compressor Market Share By Type (2023 & 2032)
17. Global Air Compressor Market Share By Application (2023 & 2032)
18. Global Air Compressor Market Share By Regions (2023 & 2032)
19. Global Air Compressor Market Share By Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global air compressor based on below mentioned segments:
Global Air Compressor Market by Lubrication:
Global Air Compressor Market by Product:
Global Air Compressor Market by Type:
Global Air Compressor Market by Application:
Global Air Compressor by Region:
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