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2018
Air Compressor Market

Air Compressor Market by Type (Portable and Stationary), Technology (Reciprocating, Rotary, and Centrifugal), Lubrication Method (Oiled, and Oil-free), Power Rating (0-100 kW, 101-300 kW, 301-500 kW, and 501 kW & Above), and End-User Industry (Food & Beverage, Oil & Gas, Manufacturing, Power Generation, Medical, and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2023
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A00433
Pages: 247
Feb 2018 | 42694 Views
Author(s) : Ankush Yadav
Tables: 236
Charts: 27
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Air Compressor Market Outlook-2023

The Global Air Compressor Market size is expected to reach $26,850.35 million in 2023, from $19,798.56 million in 2016, growing at a CAGR of 4.47% from 2017 to 2023. The air compressors use kinetic energy possessed by the compressed air to provide the required energy to various equipment, tools, and machineries across different industry verticals. Moreover, the continuous compression provides assistance in transportation of fluids & gases, production of petrochemical related products, operation of pneumatically based machineries, and cooling applications. As a result, the air compressors have large scope of application in different end-users for dehydration, vacuum packaging, air blowing, spray painting, tool powering, cleaning, and medical equipment.

Air Compressor Market

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Technological advancement in air compression techniques has profound influence over the compression capabilities of the equipment and subsequently is expected to drive the air compressor market growth during the forecast period. Moreover, the rise in adoption of robust and energy efficient equipment is also expected to fuel the demand for air compressors in the industry. In addition, the equipment require application of sophisticated technology with high technical expertise for designing high power rated and efficient air compression equipment. Consequently, the high cost of installation and maintenance for the equipment is expected to hinder the market growth of air compressor market in the coming years. However, the increase in production activities from Asia-Pacific and LAMEA are expected to provide profitable business opportunities to the manufacturers during the forecast period.

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The air compressor market is segmented based on type, technology, lubrication method, power rating, end-user industry, and region. By type, the market is bifurcated into portable and stationary. Based on technology, it is classified into reciprocating, rotary, and centrifugal. According to lubrication method, it is divided into oiled and oil-free air compressors. By power rating, the air compressor market is categorized into 0-100 kW, 101-300 kW, 301-500 kW, and 501 kW & above rated air compressors. Moreover, based on end-user industry the market is segmented into food & beverage, oil & gas, manufacturing, power generation, medical, and others. Based on region, it is analyzed across North America, Asia-Pacific, Europe, and LAMEA.

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The air compressors based on reciprocating technology owing to simpler construction have significant market share in the past years. However, technologically superior air compressors such as centrifugal and rotary are preferred for heavy duty industrial applications. Thus, the centrifugal and rotary-based air compressors deliver high power rated air compressors with significantly reduced noise and vibrations. These are available in oil-free designs, as well.

Key Benefits for Air Compressor Market:

  • The study provides an in-depth analysis of the global air compressor market share along with the current & future trends to elucidate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the air compressor market is provided.
  • Porter’s Five Forces analysis illustrates the potency of buyers & suppliers operating in the air compressor industry.
  • The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.

Key Market Segments & Key Market Players

Segments Sub-segments
BY TYPE
  • Portable
  • Stationary

BY TECHNOLOGY
  • Reciprocating
  • Rotary
  • Centrifugal

BY LUBRICATION METHOD
  • Oiled
  • Oil-free

BY POWER RATING
  • 0-100 kW
  • 101-300 kW
  • 301-500 kW
  • 501 kW & above

BY END-USER INDUSTRY
  • Food & Beverage
  • Oil & Gas
  • Manufacturing
  • Medical
  • Power Generation
  • Others

BY REGION
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players
  • Aerzener Maschinenfabrik GmbH
  • Atlas Copco AB
  • Berkshire Hathaway Inc. (Campbell Hausfeld)
  • Ciasons Industrial Inc.
  • Desran Compressor (Shanghai) Co., Ltd.
  • Doosan Corporation (Doosan Infracore Portable Power )
  • Ebara Corporation
  • Elgi Equipments Limited
  • Gardner Denver Holdings, Inc.
  • Hitachi, Ltd. ( Sullair, LLC)
  • Indo-Air Compressors Pvt. Ltd.
  • Ingersoll-Rand plc
  • Kirloskar Pneumatic Company Limited
  • Kobe Steel, Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • NINGBO XINDA GROUP CO., LTD (AUGUST Screw Air Compressor)
  • Stanley Black & Decker Corporation (Porter Cable)
  • Suzler Ltd
  • VMAC Global Technology Inc.
 

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The air compressors provide significant assistance in the production of petrochemical related products, transportation of gases, powering pneumatically operated equipment & machineries and industrial applications. The air compressors utilize the application of kinetic energy possessed by the compressed air or gas for numerous industrial applications across different industry verticals such as food & beverages, oil & gas, manufacturing, and power generation. Currently, amongst the available air compressors rotary holds the largest share of the global market owing to lower operational costs. However, the centrifugal-based air compressors is expected to provide profitable business opportunities owing to their variable compression options, efficient continuous compression capabilities, and application of superior technology. In addition, the demand for efficient as well as robust compression equipment with oil-free design is also anticipated to drive the growth of air compressor market during the forecast period.

Based on region, the Asia-Pacific accounts for a major market share in the global air compressor market in 2016, owing to high demand from food & beverages, manufacturing, power generation, and other end users. Subsequently, these end-user industries are also expected to boost the market growth of air compressor market.

The oil-free designed air compressors are expected to provide attractive opportunities to the manufacturers owing to rise in inclination toward reduction in cost of operation by eliminating the need of lubrication. Thus, the oil-free lubricated air compressors are expected to witness growth during the forecast period.

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