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Vietnam Air Compressor Market Size, Share, Growth, Analysis: By Type: Stationary, Portable; By Product: Reciprocating, Rotary/Screw, Centrifugal; By Lubrication: Oil Free, Oil Filled; By Power Range: Up To 100 kW, 101-300 kW, 301-500 kW, Over 500 kW; By Application: Health and Medical, Others; Regional Analysis; Competitive Landscape; 2024-2032
Vietnam Air Compressor Market Size
The Vietnam air compressor market is projected to grow at a CAGR of 5.10% between 2024 and 2032.
Vietnam Air Compressor Market Outlook
- As per the Culinary Business Market in Vietnam in 2023 Report, the food and beverage sector in Vietnam witnessed a growth of around 11.47 per cent in 2023, fuelling the demand for air compressors in food packaging.
- As per industry reports, healthcare expenditure in Vietnam was expected to grow by 9.2 per cent from 2009 to 2025, creating a lucrative market for air compressors used in ventilators and dental treatments, among others.
- Petrovietnam's total revenue was around 745 trillion VND during the first ten months of 2023, boosting the growth of air compressors that are used to move crude oil from source to refineries.
Vietnam Air Compressor Market Growth
Rapid industrialisation in the country, increased adoption of energy-efficient air compressors, and favourable government initiatives supporting the manufacturing sector are some of the major market drivers. The growing emphasis on energy efficiency and sustainability is driving industrial sectors to adopt energy-efficient air compressors, thereby decreasing operational costs and minimising environmental impact.
The integration of IoT (Internet of Things) and smart technologies in air compressor systems has revolutionised various end-use sectors drawing them towards these cutting-edge solutions. This integration offers a wide range of benefits including enhanced monitoring, maintenance, and efficiency, among others. Moreover, the growing popularity of portable and compact air compressors, especially in small-scale businesses and DIY projects reflects the changing preferences of consumers in Vietnam.
Vietnam Air Compressor Industry Segmentation
“Vietnam Air Compressor Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Stationary
- Portable
Market Breakup by Product
- Reciprocating
- Rotary/Screw
- Centrifugal
Market Breakup by Lubrication
- Oil Free
- Oil Filled
Market Breakup by Power Range
- Up To 100 kW
- 101-300 kW
- 301-500 kW
- Over 500 kW
Market Breakup by Application
- Health and Medical
- Oil and Gas
- Home Appliances
- Food and Beverage
- Manufacturing
- Energy
- Others
Market Breakup by Region
- Southeast
- Red River Delta
- Mekong River Delta
- South Central Coast
- Others
Vietnam Air Compressor Market Share
Based on application, the market is divided into health and medical, oil and gas, home appliances, food and beverage, manufacturing, and energy, among others. The manufacturing sector accounts for a major market share as air compressors are essential for providing power to pneumatic tools, controlling processes, and maintaining air quality in production environments. Additionally, manufacturers often look for reliable and efficient air compressor systems to ensure continuous operation of their production lines, resulting in a consistent demand.
Leading Companies in the Vietnam Air Compressor Market
The market players are introducing compact and eco-efficient energy models to gain a competitive edge in the market.
- Atlas Copco AB
- Siemens Energy AG
- Ingersoll Rand Inc.
- Hitachi Ltd. (Sullair)
- Aerzener Maschinenfabrik GmbH
- Doosan Corp.
- Mitsubishi Heavy Industries Ltd.
- ELGI Equipments Ltd.
- Denair Energy Saving Technology (Shanghai) Plc
- Kobe Steel Ltd. (Kobelco Compressors Vietnam Co., Ltd.)
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product |
|
| Breakup by Lubrication |
|
| Breakup by Power Range |
|
| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Air Compressor Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Air Compressor Historical Market (2018-2023)
8.3 Asia Pacific Air Compressor Market Forecast (2024-2032)
9 Vietnam Air Compressor Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Air Compressor Historical Market (2018-2023)
9.3 Vietnam Air Compressor Market Forecast (2024-2032)
10 Vietnam Air Compressor Market by Type
10.1 Stationary
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Portable
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Vietnam Air Compressor Market by Product
11.1 Reciprocating
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Rotary/Screw
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Centrifugal
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Vietnam Air Compressor Market by Lubrication
12.1 Oil Free
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Oil Filled
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Vietnam Air Compressor Market by Power Range
13.1 Up To 100 kW
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 101-300 kW
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 301-500 kW
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Over 500 kW
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
14 Vietnam Air Compressor Market by Application
14.1 Health and Medical
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Oil and Gas
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Home Appliances
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Food and Beverage
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Manufacturing
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Energy
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Others
15 Vietnam Air Compressor Market by Region
15.1 Southeast
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Red River Delta
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 Mekong River Delta
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
15.4 South Central Coast
15.4.1 Historical Trend (2018-2023)
15.4.2 Forecast Trend (2024-2032)
15.5 Others
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter’s Five Forces Analysis
16.2.1 Supplier’s Power
16.2.2 Buyer’s Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators for Demand
16.4 Key Indicators for Price
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Atlas Copco AB
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Siemens Energy AG
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Ingersoll Rand Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Hitachi Ltd. (Sullair)
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Aerzener Maschinenfabrik GmbH
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Doosan Corp.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Mitsubishi Heavy Industries Ltd.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 ELGI Equipments Ltd.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Denair Energy Saving Technology (Shanghai) Plc
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Kobe Steel Ltd. (Kobelco Compressors Vietnam Co., Ltd.)
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Air Compressor Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Air Compressor Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Air Compressor Historical Market: Breakup by Type (USD Million), 2018-2023
4. Vietnam Air Compressor Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Vietnam Air Compressor Historical Market: Breakup by Product (USD Million), 2018-2023
6. Vietnam Air Compressor Market Forecast: Breakup by Product (USD Million), 2024-2032
7. Vietnam Air Compressor Historical Market: Breakup by Lubrication (USD Million), 2018-2023
8. Vietnam Air Compressor Market Forecast: Breakup by Lubrication (USD Million), 2024-2032
9. Vietnam Air Compressor Historical Market: Breakup by Power Range (USD Million), 2018-2023
10. Vietnam Air Compressor Market Forecast: Breakup by Power Range (USD Million), 2024-2032
11. Vietnam Air Compressor Historical Market: Breakup by Application (USD Million), 2018-2023
12. Vietnam Air Compressor Market Forecast: Breakup by Application (USD Million), 2024-2032
13. Vietnam Air Compressor Historical Market: Breakup by Region (USD Million), 2018-2023
14. Vietnam Air Compressor Market Forecast: Breakup by Region (USD Million), 2024-2032
15. Vietnam Air Compressor Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.10% between 2024 and 2032.
The market is being driven due to rapid industrialisation in the country, increased adoption of energy-efficient air compressors, and favourable government initiatives supporting the manufacturing sector.
The key trends aiding the Vietnam air compressor market include the integration of IoT (Internet of Things) and smart technologies and the growing popularity of portable and compact air compressors.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on type, market segmentations include stationary and portable.
Various products are reciprocating, rotary/screw, and centrifugal.
The major players in the market are Atlas Copco AB, Siemens Energy AG, Ingersoll Rand Inc., Hitachi Ltd. (Sullair), Aerzener Maschinenfabrik GmbH, Doosan Corp., Mitsubishi Heavy Industries Ltd., ELGI Equipments Ltd., Denair Energy Saving Technology (Shanghai) Plc, and Kobe Steel Ltd. (Kobelco Compressors Vietnam Co., Ltd.), among others.
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