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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Air Compressor Market Share
The reciprocating and rotary compressor segments are expected to witness steady growth due to the increasing demand from manufacturing and industrial sectors
Reciprocating compressors are the most widely used type, accounting for a significant share of the overall market. They operate on the principle of drawing in air and compressing it using a piston moving in a cylinder. Reciprocating compressors are known for their reliability, efficiency, and suitability for a wide range of applications, including manufacturing, food processing, and home appliances. They are available in both stationary and portable versions.
Rotary compressors, including screw and vane types, are gaining popularity due to their high efficiency, low maintenance requirements, and compact design. Rotary screw compressors have emerged as the largest segment within the air compressor market report. They use two intermeshing helical screws to draw in air and compress it. Rotary compressors are also widely used in manufacturing, food and beverage, and home appliance industries.
Centrifugal compressors, on the other hand, are primarily used in large-scale applications such as power generation, oil refineries, and petrochemical plants. They use rotating impellers to draw in air and increase its velocity, which is then converted into pressure. Centrifugal compressors are known for their high flow capacity, efficiency, and reliability in continuous operation.
The market is driven by the diverse range of end-use industries that rely on these compressors for various applications
The manufacturing segment is a significant contributor to the air compressor market growth as there is a need for reliable power sources to support production processes. Air compressors are essential in various manufacturing processes, such as assembly lines, material handling, and pneumatic tools. The segment is expected to grow at a steady rate due to the increasing adoption of industrial automation technologies.
The semiconductors and electronics segment is another key end-use industry for air compressors due to the increasing demand for electronic devices. Air compressors are used to power various tools and equipment in the production of electronic components, such as cleaning and drying of components, and testing and assembly processes.
As per air compressor market analysis, the food and beverage industry also rely heavily on air compressors for powering pneumatic tools, such as pumps, valves, and conveyor systems, which are essential in the packaging and processing of food and beverages. Moreover, compressors are also used to power ventilators, anesthesia machines, and surgical tools in healthcare industry. Meanwhile, the demand for air compressors in home appliances industry is driven by the increasing adoption of automation and smart home technologies, which require efficient and reliable power sources.
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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