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Pulished Date April, 2021
ID: 11464
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Air Compressor Market by Type (Portable and Stationary), By Technology (Centrifugal, Rotary, and Reciprocating), By Lubrication method (oil-free and oiled), By End User Industry (manufacturing, oil, and gas, food and beverage, medical, power generation, others), and country, Market Share, Forecast Data, In-Depth Analysis, And Detailed Overview, and Forecast, 2021-2026

Pulished: April, 2021
ID: 11464
Pages: 175

Compressor Market  Size & Growth (2021-2026):

The compressor market is expected at USD 38.20 billion in 2021 and is predicted to grow to USD 58.30 billion by the end of the assessment period. And is estimated to experience moderate growth to record a CAGR of 4.14% throughout the estimated period (2021-2026).

Compressed air is evolving with advanced technologies and will perform critical functions in various fields, such as robotics, large-scale applications, and household tasks. The widely used characteristics of air compressors in non-industrial activities are appreciated by the world, increasing the air compressor market. The air compressor is a piece of equipment used to convert electrical energy into kinetic energy using compressed air. Compressed air is a gas or gas mixture under extreme compression used to create energy that can be used in pneumatic gears like jackhammers or drills, etc. The popularity of air compressors is because air compressors are a renewable energy source. Stationary and portable are two types of compressors. There are currently two evolving technologies in the air compressor industry: Turbocor Technology - Turbocor technology offers an oil-free design with relatively more minor moving debris. It promises high productivity and consistency. Thermoacoustic Technology - These compressors are powered by a thermoacoustic motor and a positive displacement reciprocating compressor. 

Recent Developments:

In October 2020, Lontra announced that it has agreed with Blade Compressors® LLC, a division of Industrial Air Centers based in Jeffersonville, Indiana (USA), to be the national distributor of Lontra Blade Compressors® and Lontra products and services that will arrive in North America. . This agreement marks the beginning of Lontra's distribution journey, bringing its new technology package (the LP2 Blade Compressor®) to the industry on a global scale. In addition, blade Compressors LLC will coordinate and manage regional distributors in North America to provide nationwide sales and service coverage for Lontra products.

Market Drivers and Restraints:

The main factor that is increasing the demand for air compressors is the rapid industrialization in developing economies. The rapidly rising demand for energy-efficient air compressors from manufacturers worldwide is driving the growth of the market. In addition, the increasing use of air compressors in the food industry due to strict government food safety regulations is expected to drive market growth. Furthermore, technological advancements in air compression methods have a strong influence on the compression capabilities of the equipment. They, therefore, are driving the development of the air compressor market during the forecast period. In addition, the increase in the adoption of rugged and energy-efficient devices is also predicted to raise the demand for air compressors in the firm. In addition, the rise in GDP and the changes done in the population's standard of living, combined with the increasing number of people residing in the middle and upper-income groups around the world, are contributing to an increase in the demand for residential cooling devices.

Furthermore, the increasing inclination of industrial manufacturers towards factory automation is associated with improved productivity and reduced production times. These factors have positively anticipated the growth of the global air compressor market. However, the presence of some obstacles limits the overall development of the market. Primary factors include a shortage of skilled labor, technicians, and engineers, restricting the market's growth. In addition, the high cost of installing and maintaining the equipment is expected to slow growth during the forecast period. However, the technological boom has improved the compression capabilities of air compressors, which is expected to increase the demand for air compressors. Furthermore, the advent of energy-efficient air compressor designs, which are also possible in portable formats, has been broadly utilized by industries worldwide. This will provide lucrative growth potential during the forecast period.

COMPRESSOR MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021– 2026

Base Year

2020

Forecast Period

2021– 2026

CAGR

4.14%

Segments Covered

By type, By technology, By lubrication method, By end-user industry

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Atlas Copco AB, Kobe Steel Ltd., Elgi Equipments Limited, Ingersoll-Rand PLC, Kirloskar Pneumatic Company Limited, Mitsubishi Heavy Industries Ltd., Sulzer Ltd.

Market Segmentation:

Compressor Market By type:

  • Portable
  • Stationary

The portable segment has the largest market share and is expected to grow fastest over the next several years. Construction and mining projects both use mobile products. The demand for this category is being driven by the variables that can be ascribed to. They are also easier to handle and require less maintenance, which has increased their use in low-duty applications.

Compressor Market By technology:

  • Reciprocal
  • Rotary
  • Centrifugal

The market is divided into reciprocating, rotary, and centrifugal segments based on technology. During the projected period, the centrifugal segment is expected to grow at the fastest rate. Centrifugal systems are more efficient because fewer components are in contact with one other, resulting in less kinetic friction and more airflow.

Compressor Market By lubrication method:

  • Petroleum
  • Oil-free

Based on the lubrication method, the oil-free segment is anticipated to have a significant CAGR in the upcoming years due to the rapid industrialization and growth in the semiconductor, food processing, and manufacturing sectors driving demand.

Compressor Market By end-user industry:

  • Food and drinks
  • Petroleum gas
  • Manufacturing
  • Doctor
  • Energy production
  • Others

The market is augmented into Food & Beverage, Oil & Gas, Manufacturing, Power Generation, Medical, and Others based on application. During the projected period, the oil and gas category will have the most significant market share. The product is primarily used in the oil and gas industry for reservoir pressure preservation re-injection.

Impact of covid-19 on Air Compressor Market

COVID-19 has had significant impacts on the global air compressor value chain. The economic impact of the virus is also increasingly apparent. It affected a wide range of activities within the value chain, including sales and distribution, sourcing of raw materials, after-sales services, loss of demand, etc. The main impact of COVID-19 on air compressors has been a significant loss of revenue caused by declining demand from end-user industries, which can be a bottleneck for the compressor market.

Regional Analysis:

The Market for Air compressors has been categorized based on geography to offer a clear understanding of the global market. The world Market for Air compressors has been studied in four regions: Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. Asia-Pacific is experiencing tremendous industrialization growth in different industries, including small and large scale. According to World Bank estimates, more than 40% of the region's GDP comes from industrial and manufacturing activity. Furthermore, with the growth of the refining and gas market in countries like India and China, an increase in the air compressor market is indisputable.

Additionally, considerable investment in the pipeline industry is expected to boost the air compressor market. Stationary air compressors, including small-size compressors in refrigerators and air conditioners, have a large share of the compressor market. The increasing adoption of the food and beverage industry is expected to drive the air compressor market. The power and energy industry is expected to expand due to high investment in power plants in emerging economies include India and China. It is expected to drive industrial growth, which is expected to stimulate the demand for industrial compressors. North America and Europe regions are anticipated to experience steady growth over the forecast period. However, increased investment in Eastern Europe is expected to increase growth opportunities for industrial air compressors. Additionally, growing consumer attention to easy-to-use and energy-efficient products is expected to drive market growth.

Leading Company:

Atlas Copco AB had the largest share of the Air Compressor Market in terms of sales revenue in 2021.

Key Players:

The Air Compressor Market is concentrated with well-established players. Key players in the

Air Compressor Market include 

  • Atlas Copco AB
  • Kobe Steel Ltd.
  • Elgi Equipments Limited
  • Ingersoll-Rand PLC
  • Kirloskar Pneumatic Company Limited
  • Mitsubishi Heavy Industries Ltd.
  • Sulzer Ltd

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Air Compressor Market, By Type                      

                                6.1.1 Portable   

                                6.1.2 Stationary

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Air Compressor Market, By Technology                         

                                6.2.1 Centrifugal              

                                6.2.2 Rotary       

                                6.2.3 Reciprocating         

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Air Compressor Market, By Lubrication method                         

                                6.3.1 oil-free     

                                6.3.2 oiled          

                                6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

                6.4 Air Compressor Market, By End User Industry                            

                                6.4.1 manufacturing       

                                6.4.2 oil, and gas              

                                6.4.3 food and beverage              

                                6.4.4 medical     

                                6.4.5 power generation

                                6.4.6 others       

                                6.4.7 Market Size Estimations & Forecasts (2021-2026)   

                                6.4.8 Y-o-Y Growth Rate Analysis             

                                6.4.9 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Air Compressor Market, by Region                    

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Technology       

                                7.2.4 By Lubrication method       

                                7.2.5 By End User Industry          

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Technology       

                                7.3.4 By Lubrication method       

                                7.3.5 By End User Industry          

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Technology       

                                7.4.4 By Lubrication method       

                                7.4.5 By End User Industry          

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Technology       

                                7.5.4 By Lubrication method       

                                7.5.5 By End User Industry          

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Technology       

                                7.6.4 By Lubrication method       

                                7.6.5 By End User Industry          

8. Key Player Analysis                                    

                8.1 Atlas Copco AB                          

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Kobe Steel Ltd.                         

                8.3 Elgi Equipments Limited                        

                8.4 Ingersoll-Rand PLC                  

                8.5 Kirloskar Pneumatic Company Limited                            

                8.6 Mitsubishi Heavy Industries Ltd.                       

                8.7 Sulzer Ltd                    

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Air Compressor  Market By Region, From 2021-2026 ( USD Billion )
  2. Global Air Compressor  Market By Type, From 2021-2026 ( USD Billion )
  3. Global Portable Market By Region, From 2021-2026 ( USD Billion )
  4. Global Stationary Market By Region, From 2021-2026 ( USD Billion )
  5. Global Air Compressor  Market By Technology, From 2021-2026 ( USD Billion )
  6. Global Centrifugal Market By Region, From 2021-2026 ( USD Billion )
  7. Global Rotary Market By Region, From 2021-2026 ( USD Billion )
  8. Global Reciprocating Market By Region, From 2021-2026 ( USD Billion )
  9. Global Air Compressor  Market By Lubrication method, From 2021-2026 ( USD Billion )
  10. Global oil-free  Market By Region, From 2021-2026 ( USD Billion )
  11. Global oiled Market By Region, From 2021-2026 ( USD Billion )
  12. Global Air Compressor  Market By End User Industry, From 2021-2026 ( USD Billion )
  13. Global Manufacturing Market By Region, From 2021-2026 ( USD Billion )
  14. Global oil, and gas Market By Region, From 2021-2026 ( USD Billion )
  15. Global food and beverage Market By Region, From 2021-2026 ( USD Billion )
  16. Global Medical Market By Region, From 2021-2026 ( USD Billion )
  17. Global power generation Market By Region, From 2021-2026 ( USD Billion )
  18. Global others Market By Region, From 2021-2026 ( USD Billion )

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