The Future of the Air Compressor Industry: Trends and Innovations

Air Compressor Industry Data Book - Reciprocating Air Compressor, Rotary/Screw Air Compressor and Centrifugal Air Compressors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Grand View Research’s air compressor sector database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research. 

Access the Global Air Compressor Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Reciprocating Air Compressor Market Report Highlights

The global Reciprocating Air Compressor Market size was estimated at USD 5.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2023 to 2030.

• In terms of technology, the single-acting technology segment is anticipated to witness a CAGR of 3.9% over the forecast period. These compressors are commonly used in small industrial settings, home workshops, and other environments where moderate air compression is needed. Further, due to the durability offered by reciprocating air compressors, this results in the machine having a significant product life
• The double-acting technology segment led the market in 2022 with a market share of 59.4%. Double-acting compressors are better suited for applications that require a continuous supply of compressed air. They can handle higher duty cycles and provide a more consistent output of compressed air
• In terms of lubrication, the oil-free lubrication segment is anticipated to witness the fastest CAGR of 5.1% over the forecast period. Oil-free reciprocating air compressors are essential in applications where the compressed air must be completely free of oil contamination
• Based on type, the portable type segment is anticipated to witness the fastest CAGR of 4.5% over the forecast period. Portable reciprocating air compressors are widely used in construction & mining activities. They are also extensively used across various industrial applications, owing to their convenience in shipping the equipment
• In terms of application, the manufacturing segment held a 39.1% revenue share in 2022. This can be attributed to the rapid industrialization in developing economies such as India, China, and Brazil, coupled with increasing demand for advanced and energy-efficient air compressors in the manufacturing sector

Order your copy of Free Sample of “Air Compressor Industry Data Book - Reciprocating Air Compressor, Rotary/Screw Air Compressor and Centrifugal Air Compressors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Rotary/Screw Air Compressor Market Report Highlights

The global Rotary/Screw Air Compressor Market size was estimated at USD 11.44 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030.

• In terms of lubrication, the oil-free lubrication segment is anticipated to witness the fastest CAGR of 5.4% over the forecast period. Oil-free rotary air compressors are made to offer the highest-quality air in compliance with industry requirements while having the lowest lifespan costs. For instance, Atlas Copco provides ZT & ZR compressors for the pharmaceutical, food & beverage, automotive, textile, medical, power generation, battery, chemical, and automotive industries, all of which need high criteria for compressed air quality
• Based on type, the portable segment is anticipated to witness the fastest CAGR of 4.9% over the forecast period. The most demanding portable compressor applications are catered by portable rotary compressors. The screw air end is built to last for many years in situations with a high-duty cycle. In addition, rotary portable air compressors are helpful for applications that require high cfm output in a compact design. These aforementioned factors are anticipated to augment the market demand
• In terms of application, the manufacturing application segment held the largest revenue share of 37.4% in 2022. Air compressors with rotary motors survive a long time since there is little to no capacity loss. These compressors are made to power tools that produce more power than typical machinery. In addition, these are made to create a constant flow rate, making them perfect for a range of industrial uses, including small machine shops, the production of food & beverages, and the manufacture of automobiles, among others
• Asia Pacific region led the market in 2022 with the largest revenue share of 37.2%. This growth can be attributed to increasing urbanization, a rise in energy consumption, and the presence of manufacturing facilities in the region. Furthermore, the region has a strong manufacturing base due to the presence of the largest manufacturing economies such as China, Japan, South Korea, and India

Go through the table of content of Air Compressor Industry Data Book to get a better understanding of the Coverage and Scope of the study

Competitive Landscape

The air compressor manufacturers adopt several strategies, including mergers & acquisitions, partnerships & joint ventures, new product developments, distributor agreements, new online channels, and geographical expansions, to augment their market presence and cater to the ever-changing consumer requirements.

Key players operating in the Air Compressor Industry are:

• Atlas Copco
• Bauer Group
• BelAire Compressors
• Cook Compression
• Compressor Products International (CPI)

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
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Air Compressor Industry Key Players Analysis: Heyner and Hitachi Industrial Equipment Systems Co. Ltd.

Air Compressor Industry Data Book - Reciprocating Air Compressor, Rotary/Screw Air Compressor and Centrifugal Air Compressors Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The economic value generated by the Air Compressor Industry was estimated at USD 24.35 billion in 2022, and it is expanding at significant CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc.

Grand View Research’s air compressor sector database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.

Access the Global Air Compressor Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Rotary/Screw Air Compressor Market Growth & Trends

The global Rotary/Screw Air Compressor Market size is anticipated to reach USD 16.19 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 4.4% from 2023 to 2030. The rotary air compressors are known as positive displacement air compressors. These compressors dependably provide industrial processes in commercial, trade, and workshop settings with high-quality compressed air. These aforementioned factors are anticipated to propel the market demand over the forecast period.

Increasing consumer preference for energy savings and longer product life cycles is contributing to a significant portion of the total life cycle expenses of compressor operation and maintenance. Due to this, rotary air compressors now have a higher revenue share than reciprocating compressors. Air compressors are widely suitable for manufacturing applications. For instance, oil-free rotary air compressor is used directly in many locations as a power supply for manufacturing equipment. Due to the obligatory safety and health rules, there will be a large increase in demand from the food & beverage industry. These aforementioned factors are anticipated to propel the market demand over the forecast period.

The rotary air compressor market is undergoing several trends and developments, driven by a range of factors, such as the growing demand for energy-efficient and environmentally friendly compressed air systems. The manufacturers are increasingly focused on reducing their energy consumption and carbon footprint through the adoption of rotary oil-free air compressors that offer efficient and sustainable alternatives to traditional oil-lubricated compressors. This shift in customer behavior is brought about by fast-paced technological advancements and increasing investments in research & development globally.

Order your copy of the Free Sample of “Air Compressor Industry Data Book - Reciprocating Air Compressor, Rotary/Screw Air Compressor and Centrifugal Air Compressors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Centrifugal Air Compressor Market Growth & Trends

The global centrifugal air compressor market size is anticipated to reach USD 11.57 billion by 2030, registering a CAGR of 5.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is driven by several key factors, including the energy efficiency, reduced number of frictional components, and superior airflow capacity of these compressors. Moreover, their extensive utilization across various industries, including gas turbines, oil refineries, petrochemical manufacturing, food and beverage production, and manufacturing plants, is expected to propel the market growth throughout the forecast period.

The market is gaining traction, primarily attributed to the rising adoption of new oil and gas projects and the growing demand within the food and beverage industry. In addition, advancements in technology and the expanding industrial sectors in emerging economies such as Brazil, China, India, Japan, and other nations are poised to offer significant growth prospects for the market in the foreseeable future.

The demand for centrifugal air compressors is expected to increase in the upcoming years, driven by a focus on energy recovery, energy efficiency, and decreasing CO2 emissions. Initiatives such as the Inflation Reduction Act of 2022, promoted by the International Energy Agency (IEA), emphasize significant investments in energy efficiency to reduce energy waste and lower CO2 emissions. In addition, the growing need for value-added services is anticipated to drive the expansion of the global market during the forecast period.

Go through the table of content of Air Compressor Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Air Compressor industry are:

• Galaxy Auto Stationary Equipment Co. Ltd.
• Gast Manufacturing, Inc.
• GE Energy
• Heyner
• Hitachi Industrial Equipment Systems Co. Ltd.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
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Air Compressor Industry: Technology Overview and Value Chain Analysis

Air Compressor Industry Data Book - Reciprocating Air Compressor, Rotary/Screw Air Compressor and Centrifugal Air Compressors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Air Compressor Industry was estimated at USD 24.35 billion in 2022 and is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s air compressor sector database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.

Reciprocating Air Compressor Market Insights

The global reciprocating air compressor market size was estimated at USD 5.25 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.1% from 2023 to 2030. Reciprocating air compressors are employed in a variety of sectors, including manufacturing, oil & gas, chemical, and electrical generation. To address the shortcomings of conventional production procedures, several industries have introduced cost-effective manufacturing strategies. Owing to the advantages such as efficient energy distribution and cost-effectiveness, these industries have a significant need for energy-efficient reciprocating air compressors. These factors are expected to positively impact the market demand during the forecast period.

Furthermore, developing countries have introduced stringent regulations for environmental protection, increasing the demand for energy-efficient reciprocating air compressors. Moreover, these compressors are versatile and find applications in many other industries and processes due to their ability to provide high-pressure air for various tasks. For instance, the automotive sector relies on reciprocating air compressors for vehicle assembly, painting, and repair activities. These aforementioned factors are anticipated to propel the demand for reciprocating air compressors in the coming years.

Rotary/Screw Air Compressor Market Insights

The global rotary air compressor market size was estimated at USD 11.44 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. Growth in demand for energy-efficient products, expansion of the rotary air compressor's application areas, increase in the number of infrastructure projects, penetration of IoT, and Industry 4.0 are the major factors driving the market growth. In addition, these compressors are ideal pneumatic solutions for any task that needs secure, ongoing access to compressed air. In a variety of industrial settings, including oil & gas, manufacturing, food packaging, construction, automotive, chemical, pharmaceutical, and energy, these compressors also power pneumatic tools. These aforementioned factors are further anticipated to propel the market growth over the forecast period.

Furthermore, the rotary air compressor ensures a continuous sweeping motion in contrast to the reciprocating air compressor, which has excessive pulsing and surging of the airflow. The heat produced during air compression by rotary air compressors is reduced, which aids in lowering the amount of water produced during operation. As a result, less water will enter the compressor or other final applications. These aforementioned factors are expected to augment the market demand over the forecast period.

Order your copy of the Free Sample of “Air Compressor Industry Data Book - Reciprocating Air Compressor, Rotary/Screw Air Compressor and Centrifugal Air Compressors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Centrifugal Air Compressors Market Insights

The global centrifugal air compressor market size was estimated at USD 7.66 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. The oil and gas industry is a major consumer of centrifugal air compressors, using them in various applications such as gas processing, offshore drilling, and pipeline transportation. The expansion of oil and gas projects globally contributes to the market's growth. Ongoing advancements in compressor technology have led to improved performance, reliability, and efficiency of centrifugal air compressors, making them more attractive to various industries.

In recent years, there has been a growing trend in the adoption of centrifugal air compressor technology in the U.S., especially in industries such as healthcare, food and beverage, and electronics manufacturing. This increase in adoption is influenced by several factors, such as increased awareness of the potential hazards of oil contamination, as well as the need for higher levels of air purity and energy efficiency.

Go through the table of content of Air Compressor Industry Data Book to get a better understanding of the Coverage & Scope of the study

Air Compressor Industry Data Book Competitive Landscape

The air compressor manufacturers adopt several strategies, including mergers & acquisitions, partnerships & joint ventures, new product developments, distributor agreements, new online channels, and geographical expansions, to augment their market presence and cater to the ever-changing consumer requirements.

Key players operating in the Air Compressor Industry are:

• Atlas Copco
• Bauer Group
• BelAire Compressors
• Cook Compression
• Compressor Products International (CPI)

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter