Air Compressor Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Air Compressor Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Air Compressor Market

The global air compressor market size was valued at USD 16.51 billion in 2022 and is projected to grow from USD 17.22 billion in 2023 to USD 25.60 billion by 2030, exhibiting a CAGR of 5.8% during the forecast period of 2022-2030.

The air compressor market declined worldwide in 2020 because of the COVID-19 breakout implemented worldwide. It could be a result of the reduction of Industrial Output due to factors like the implementation of guidelines like lockdown laws, travel bans, and social distancing influencing the air compressor market growth.

The drivers that affect the demand for air compressors are industrial luxury, demand growth of manufacturing industries, and energy utility. The transition to the sphere referred to as ‘Industry 4. 0 As a result of economic development through the fourth industrial revolution and mainly through the IoT, there has been a demand for air compresses that can supply exact air for processes.

The factors influencing the air compressor market are industrial automation, new manufacturing firms, and energy. Change toward the industry 4.4 and 4. This has been a catalyst in pushing the air compressors amongst the several sectors that have helped prevent a universal surge in the air compressor market share. Growth in IoT technologies and different industrial automation applications to meet supply air for processes in various industries is the leading cause of increased demand. This has been driven by the need to adequately and sufficiently supply air to produce a particular product. Since the supply of air is central to the total production process, any defects in this air supply would inevitably have a ripple effect on the final product, with time taken being another determining factor.

Comprehensive Analysis of Air Compressor Market

The air compressor market is classified into operation mode, product type, lubrication type, and application area. Based on the operation mode, rotary compressors are expected to expand at a CAGR of 6. Thus, the expected 2% CAGR reflects that advanced capabilities and the reliability of robotic systems are critical factors in increasing their demand. Hence, the stationary compressors are expected to have a growth rate of 5. However, over the forecast period, the portable/transportable compressor type is anticipated to witness the highest growth rate of nearly 5Mahon, Porter, & Repair, 2011]. 7% overall CAGR is attributed to the increasing commercial end-use requirement, particularly in rigid applications. The lubrication segment finally comprises oil-filled and oil-free compressors, of which oil-filled compressors have a growth rate of 6% CAGR. Segment-wise, the energy & power segment is expected to grow due to the higher demand for compressed air in power applications.

The Asia Pacific region led the air compressor market by benefitting a size of USD 7.04 billion in 2022 due to the growing demand for compressed air in various industries.

The leading players in the air compressor market significantly influence its growth trajectory and set industry standards. These key players, including ELGi Equipments Limited (India), Atlas Copco AB (Sweden), Sulzer Ltd. (Switzerland), Hitachi Ltd. (Japan), Ingersoll Rand (U.S.), Campbell Hausfeld (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Doosan Infracore Portable Power (South Korea), Siemens AG (Germany), and EBARA CORPORATION (Japan), contribute to a competitive landscape, driving innovation and market advancement.

In May 2022, the new arrival to India came with two new air compressor solutions to fulfill different consumer requirements. The company has developed a new diesel-driven PG575-225 and an electric-driven PG110E; both come with High-Efficiency IE 3 electric motors, providing more output & durability for the customers.

Segmentation Table

Attribute Details

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 5.8% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Mode of Operation, Product Type, Lubrication, Application, and Region

By Mode of Operation Rotary

Centrifugal

Reciprocating

By Product Type Stationary

Portable

By Lubrication Oil Filled

Oil Free

By Application Manufacturing

Oil and Gas

Energy and Power

Electronics and Semiconductor

Healthcare

Food and Beverages

Others

By Region North America (By Mode of Operation, By Product Type, By Lubrication, By Application)

- U.S. (By Mode of Operation)

- Canada (By Mode of Operation)

- Mexico (By Mode of Operation)

South America (By Mode of Operation, By Product Type, By Lubrication, By Application)

- Brazil (By Mode of Operation)

- Argentina (By Mode of Operation)

- Colombia (By Mode of Operation)

- Rest of South America

Europe (By Mode of Operation, By Product Type, By Lubrication, By Application)

- Germany (By Mode of Operation)

- U.K. (By Mode of Operation)

- France (By Mode of Operation)

- Italy (By Mode of Operation)

- Russia (By Mode of Operation)

- Benelux (By Mode of Operation)

- Rest of Europe

Middle East & Africa (By Mode of Operation, By Product Type, By Lubrication, By Application)

- GCC (By Mode of Operation)

- South Africa (By Mode of Operation)

- Rest of the Middle East & Africa

Asia Pacific (By Mode of Operation, By Product Type, By Lubrication, By Application)

- China (By Mode of Operation)

- India (By Mode of Operation)

- Japan (By Mode of Operation)

- South Korea (By Mode of Operation)

- ASEAN (By Mode of Operation)

- Australia (By Mode of Operation)

- Rest of Asia Pacific


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1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Welding Key Players Market Share/Ranking, 2022
5. Global Welding Market Size Estimates and Forecasts, By Segments, 2019-2030
5.1. Key Findings
5.2. By Product Type (USD)
5.2.1. Welding Equipment
5.2.1.1. Welders
5.2.1.2. Welding Jigs and Fixtures
5.2.1.3. Auxiliary Equipment
5.2.1.4. Others
5.2.2. Welding Consumables
5.2.2.1. Stick Electrodes
5.2.2.2. Solid Wires
5.2.2.3. Flux-cored Wires
5.2.2.4. SAW Wires & Fluxes
5.3. By Welding Type (USD)
5.3.1. Arc Welding
5.3.1.1. TIG/GTAW Welding
5.3.1.2. MIG/GMAW Welding
5.3.1.3. Submerged Arc Welding
5.3.1.4. Shielded Metal Arc Welding
5.3.1.5. Others (Plasma Arc Welding, Flux Cord Welding, etc.)
5.3.2. Resistance Welding
5.3.2.1. Spot Welding
5.3.2.2. Seam Welding
5.3.2.3. Others (Projection Welding, etc.)
5.3.3. Oxy-Acetylene Gas Welding
5.3.4. Solid State Welding
5.3.5. Others (Electron Beam Welding)
5.4. By Application (USD)
5.4.1. Automotive
5.4.2. Building & Construction
5.4.3. Heavy Engineering
5.4.4. Railway and Shipbuilding
5.4.5. Oil & Gas
5.4.6. Others (Aerospace, etc.)
5.5. By Region (USD)
5.5.1. North America
5.5.2. South America
5.5.3. Europe
5.5.4. Middle East & Africa
5.5.5. Asia Pacific
6. North America Welding Market Size Estimates and Forecasts, By Segments, 2019-2030
6.1. Key Findings
6.2. By Product Type (USD)
6.2.1. Welding Equipment
6.2.1.1. Welders
6.2.1.2. Welding Jigs and Fixtures
6.2.1.3. Auxiliary Equipment
6.2.1.4. Others
6.2.2. Welding Consumables
6.2.2.1. Stick Electrodes
6.2.2.2. Solid Wires
6.2.2.3. Flux-cored Wires
6.2.2.4. SAW Wires & Fluxes
6.3. By Welding Type (USD)
6.3.1. Arc Welding
6.3.1.1. TIG/GTAW Welding
6.3.1.2. MIG/GMAW Welding
6.3.1.3. Submerged Arc Welding
6.3.1.4. Shielded Metal Arc Welding
6.3.1.5. Others (Plasma Arc Welding, Flux Cord Welding, etc.)
6.3.2. Resistance Welding
6.3.2.1. Spot Welding
6.3.2.2. Seam Welding
6.3.2.3. Others (Projection Welding, etc.)
6.3.3. Oxy-Acetylene Gas Welding
6.3.4. Solid State Welding
6.3.5. Others (Electron Beam Welding)
6.4. By Application (USD)
6.4.1. Automotive
6.4.2. Building & Construction
6.4.3. Heavy Engineering
6.4.4. Railway and Shipbuilding
6.4.5. Oil & Gas
6.4.6. Others (Aerospace, etc.)
6.5. By Country (USD)
6.5.1. United States
6.5.1.1. By Welding Type (USD)
6.5.2. Canada
6.5.2.1. By Welding Type (USD)
6.5.3. Mexico
6.5.3.1. By Welding Type (USD)
7. South America Welding Market Size Estimates and Forecasts, By Segments, 2019-2030
7.1. Key Findings
7.2. By Product Type (USD)
7.2.1. Welding Equipment
7.2.1.1. Welders
7.2.1.2. Welding Jigs and Fixtures
7.2.1.3. Auxiliary Equipment
7.2.1.4. Others
7.2.2. Welding Consumables
7.2.2.1. Stick Electrodes
7.2.2.2. Solid Wires
7.2.2.3. Flux-cored Wires
7.2.2.4. SAW Wires & Fluxes
7.3. By Welding Type (USD)
7.3.1. Arc Welding
7.3.1.1. TIG/GTAW Welding
7.3.1.2. MIG/GMAW Welding
7.3.1.3. Submerged Arc Welding
7.3.1.4. Shielded Metal Arc Welding
7.3.1.5. Others (Plasma Arc Welding, Flux Cord Welding, etc.)
7.3.2. Resistance Welding
7.3.2.1. Spot Welding
7.3.2.2. Seam Welding
7.3.2.3. Others (Projection Welding, etc.)
7.3.3. Oxy-Acetylene Gas Welding
7.3.4. Solid State Welding
7.3.5. Others (Electron Beam Welding)
7.4. By Application (USD)
7.4.1. Automotive
7.4.2. Building & Construction
7.4.3. Heavy Engineering
7.4.4. Railway and Shipbuilding
7.4.5. Oil & Gas
7.4.6. Others (Aerospace, etc.)
7.5. By Country (USD)
7.5.1. Brazil
7.5.1.1. By Welding Type (USD)
7.5.2. Argentina
7.5.2.1. By Welding Type (USD)
7.5.3. Rest of South America
8. Europe Welding Market Size Estimates and Forecasts, By Segments, 2019-2030
8.1. Key Findings
8.2. By Product Type (USD)
8.2.1. Welding Equipment
8.2.1.1. Welders
8.2.1.2. Welding Jigs and Fixtures
8.2.1.3. Auxiliary Equipment
8.2.1.4. Others
8.2.2. Welding Consumables
8.2.2.1. Stick Electrodes
8.2.2.2. Solid Wires
8.2.2.3. Flux-cored Wires
8.2.2.4. SAW Wires & Fluxes
8.3. By Welding Type (USD)
8.3.1. Arc Welding
8.3.1.1. TIG/GTAW Welding
8.3.1.2. MIG/GMAW Welding
8.3.1.3. Submerged Arc Welding
8.3.1.4. Shielded Metal Arc Welding
8.3.1.5. Others (Plasma Arc Welding, Flux Cord Welding, etc.)
8.3.2. Resistance Welding
8.3.2.1. Spot Welding
8.3.2.2. Seam Welding
8.3.2.3. Others (Projection Welding, etc.)
8.3.3. Oxy-Acetylene Gas Welding
8.3.4. Solid State Welding
8.3.5. Others (Electron Beam Welding)
8.4. By Application (USD)
8.4.1. Automotive
8.4.2. Building & Construction
8.4.3. Heavy Engineering
8.4.4. Railway and Shipbuilding
8.4.5. Oil & Gas
8.4.6. Others (Aerospace, etc.)
8.5. By Country (USD)
8.5.1. United Kingdom
8.5.1.1. By Welding Type (USD)
8.5.2. Germany
8.5.2.1. By Welding Type (USD)
8.5.3. France
8.5.3.1. By Welding Type (USD)
8.5.4. Russia
8.5.4.1. By Welding Type (USD)
8.5.5. Rest of Europe
9. Middle East & Africa Welding Market Size Estimates and Forecasts, By Segments, 2019-2030
9.1. Key Findings
9.2. By Product Type (USD)
9.2.1. Welding Equipment
9.2.1.1. Welders
9.2.1.2. Welding Jigs and Fixtures
9.2.1.3. Auxiliary Equipment
9.2.1.4. Others
9.2.2. Welding Consumables
9.2.2.1. Stick Electrodes
9.2.2.2. Solid Wires
9.2.2.3. Flux-cored Wires
9.2.2.4. SAW Wires & Fluxes
9.3. By Welding Type (USD)
9.3.1. Arc Welding
9.3.1.1. TIG/GTAW Welding
9.3.1.2. MIG/GMAW Welding
9.3.1.3. Submerged Arc Welding
9.3.1.4. Shielded Metal Arc Welding
9.3.1.5. Others (Plasma Arc Welding, Flux Cord Welding, etc.)
9.3.2. Resistance Welding
9.3.2.1. Spot Welding
9.3.2.2. Seam Welding
9.3.2.3. Others (Projection Welding, etc.)
9.3.3. Oxy-Acetylene Gas Welding
9.3.4. Solid State Welding
9.3.5. Others (Electron Beam Welding)
9.4. By Application (USD)
9.4.1. Automotive
9.4.2. Building & Construction
9.4.3. Heavy Engineering
9.4.4. Railway and Shipbuilding
9.4.5. Oil & Gas
9.4.6. Others (Aerospace, etc.)
9.5. By Country (USD)
9.5.1. GCC
9.5.1.1. By Welding Type (USD)
9.5.2. South Africa
9.5.2.1. By Welding Type (USD)
9.5.3. Rest of MEA
10. Asia Pacific Welding Market Size Estimates and Forecasts, By Segments, 2019-2030
10.1. By Product Type (USD)
10.1.1. Welding Equipment
10.1.1.1. Welders
10.1.1.2. Welding Jigs and Fixtures
10.1.1.3. Auxiliary Equipment
10.1.1.4. Others
10.1.2. Welding Consumables
10.1.2.1. Stick Electrodes
10.1.2.2. Solid Wires
10.1.2.3. Flux-cored Wires
10.1.2.4. SAW Wires & Fluxes
10.2. By Welding Type (USD)
10.2.1. Arc Welding
10.2.1.1. TIG/GTAW Welding
10.2.1.2. MIG/GMAW Welding
10.2.1.3. Submerged Arc Welding
10.2.1.4. Shielded Metal Arc Welding
10.2.1.5. Others (Plasma Arc Welding, Flux Cord Welding, etc.)
10.2.2. Resistance Welding
10.2.2.1. Spot Welding
10.2.2.2. Seam Welding
10.2.2.3. Others (Projection Welding, etc.)
10.2.3. Oxy-Acetylene Gas Welding
10.2.4. Solid State Welding
10.2.5. Others (Electron Beam Welding)
10.3. By Application (USD)
10.3.1. Automotive
10.3.2. Building & Construction
10.3.3. Heavy Engineering
10.3.4. Railway and Shipbuilding
10.3.5. Oil & Gas
10.3.6. Others (Aerospace, etc.)
10.4. By Country (USD)
10.4.1. China
10.4.1.1. By Welding Type (USD)
10.4.2. India
10.4.2.1. By Welding Type (USD)
10.4.3. Japan
10.4.3.1. By Welding Type (USD)
10.4.4. South East Asia
10.4.4.1. By Welding Type (USD)
10.4.5. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. Key Player 1
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Key Player 2
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Key Player 3
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. Key Player 4
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Key Player 5
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. Key Player 6
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Key Player 7
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. Key Player 8
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Key Player 9
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. Key Player 10
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments

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