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Air Compressor Market Set To Touch $53.90 billion By 2032: Players Ciasons Industrial Inc., Aerzener Maschinenfabrik GmbH, Desran Compressor Co.Ltd.
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Air Compressor Market Size by Lubrication (Oil-Free and Oil-Filled), Product (Reciprocating/Piston, Centrifugal, and Rotary/Screw), Type (Stationary and Portable), Application (Semiconductors & Electronics, Manufacturing, Healthcare/Medical, Food & Beverage, Education, Home Appliances, Oil & Gas, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032
Leading companies in the industry Ciasons Industrial Inc., Aerzener Maschinenfabrik GmbH, Desran Compressor Co.Ltd., Hitachi Ltd, Berkshire Hathaway Inc., Atlas Copco AB, Gardner Denver Holdings Inc., Elgi Equipments Limited, Ebara Corporation, Stanley Black & Decker Corporation, NINGBO XINDA GROUP CO.LTD, Suzler Ltd, and Indo-Air Compressors Pvt. Ltd., which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.
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The lubrication segment is divided into oil-free and oil-filled. The oil-free segment led the market with a market share of 55.14% in 2022. This growth is attributed to the increasing implementation of regulations to curb emissions and governments' rising focus on environmental safety. The product segment is divided into reciprocating/piston, centrifugal, and rotary/screw. The centrifugal segment led the market with a market share of 42.18% in 2022. This growth is attributed to energy efficiency, fewer components, and higher airflow. The type segment is divided into stationary and portable. The stationary segment led the market with a market share of 58.12% in 2022. This growth is attributed to the extensive demand for stationary equipment in the industrial sector. The application segment is divided into semiconductors & electronics, manufacturing, healthcare/medical, food & beverage, education, home appliances, oil & gas, and others. The oil & gas market with a market share of 22.15% in 2022. This growth is attributed to the increasing investments in developing effective pipeline networks.
The rising demand for energy-efficient air compressors to reduce operating costs is helping to drive the growth of the air compressor market. Further, the rapid growth in industrialization and rising investments to enhance the oil and gas pipeline network are helping to stimulate the air compressor market growth during the forecast period. Additionally, the growing popularity of portable air compressors for construction and DIY projects is expected to drive market growth.
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