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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Air Compressor Market Growth
Air compressors use the kinetic energy generated by the compressed air to supply different equipment, devices, and machinery with the necessary energy through different vertical industries. Further, the continuous compression facilitates the mobility of liquids and gases, the manufacturing of related petrochemical products, the operation of pneumatically powered machinery, and cooling applications. Consequently, air compressors have a wide range of applications in various industries for dehydration, air blowing, vacuum packaging, spray painting, cleaning, tool powering, and medical equipment.
Main factors aiding the air compressor market expansion include the increasing demand for eco-friendly models to reduce carbon emissions, the rise in adoption of oil-free industrial-grade air compressors, and the growing need for high-quality compressed air in various industries such as food and beverage, pharmaceuticals, and electronics. Furthermore, the growth of industrialisation in developing nations, investments in infrastructure development, and the expansion of end-use industries such as oil and gas, manufacturing, and construction are also contributing to the market's growth.
Air Compressor Market Report Snapshots
Air Compressor Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the air compressor market attained a value of nearly USD 23,764.17 million.
The market is expected to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 35,539.67 by 2032.
The market is expected to grow due to the increasing demand for packaged food, which requires air compressors for vacuum packaging, and the growth of the oil and gas industry, which uses air compressors for various applications such as lifting gas and gas process operations.
Key trends aiding market expansion include the air compressor market include advancements in air compression technology, rising demand for portable air compressors, and increasing research and development activities by major players to launch enhanced product ranges.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Portable and stationary are the different types of air compressors included in the market.
The market segmentation based on product lubrication include oiled and oil-free compressors.
The major end use segments of air compressors are manufacturing, semiconductors and electronics, food and beverage, healthcare/medical, home appliances, energy, and oil and gas, among others.
Key players in the market are Atlas Copco AB, Frank Technologies Pvt. Ltd, Galaxy Auto Service Equipment Co. Ltd., Bauer Compressors, Inc., and Siemens Energy AG, among others.
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