North America, Europe, And Asia Pacific Air Compressor Market Size, Share & Trends Analysis Report By Type, By Product, By Lubrication, By Operating Mode, By Power Range, By End-use, By Region, And Segment Forecasts, 2023 - 2030

North America, Europe, And Asia Pacific Air Compressor Market Size, Share & Trends Analysis Report By Type, By Product, By Lubrication, By Operating Mode, By Power Range, By End-use, By Region, And Segment Forecasts, 2023 - 2030

North America, Europe, and Asia Pacific Air Compressor Market Growth & Trends

The North America, Europe, and Asia Pacific air compressor market size is anticipated to reach USD 30.2 billion by 2030, registering a CAGR of 4.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for energy-efficient compressors for use in different industries, rising adoption of air compressors in the food & beverage processing & packaging industry, and growing investments in the semiconductors industry are some of the important drivers of the air compressor market across North America, Europe, and the Asia Pacific.

The market is expected to witness substantial growth due to an increase in demand and availability in the market. Organizations such as the International Standards Organization and the EU Machinery Directive, have been promoting the use of air compressors in various end-use industries to attain high air quality.

The presence of advanced technologies such as variable speed drive (VSD) and class 0 compressed air are positively impacting the market. Features such as 100% oil-free air, enhanced reliability, high cycle life, low lubricant change out, and continuous advancements in oil-free air compressor technology are creating opportunities for market expansion. In addition to that, key market players engaged in CSR activities are creating awareness regarding environmental conservation, thereby propelling the demand for air compressors.

The demand for air compressors in North America has been steadily increasing in recent years due to various factors such as environmental concerns, strict regulations, and the need for high air quality in critical industry applications. In the U.S., air compressors are used for powering a wide range of tools and equipment in industries like manufacturing, construction, healthcare, oil & gas, and automotive.

Most of the market players are adopting mergers and acquisitions strategies to increase market penetration, thereby improving the availability of their products and services in diverse geographical areas. Key market players adopting this inorganic growth strategy include Ingersoll Rand; Atlas Copco; Hitachi Industrial Equipment Systems Co., Ltd.; MAT Holdings, Inc.; and Sullair LLC. For instance, in April 2023, Atlas Copco completed the acquisition of Shandong Bozhong Vacuum Technology Co., Ltd., an innovator and manufacturer of vacuum systems and pumps. The acquired company became a division of the industrial vacuum division in the vacuum technique business segment of Atlas Copco.

North America, Europe, and Asia Pacific Air Compressor Market Report Highlights

• Based on type, the stationary air compressor segment led the market and accounted for the highest revenue share of 58.9% in 2022, owing to the lower energy consumption and operating cost enabled by the more efficient motors and components
• Based on product, the rotary/screw compressor segment held the largest market revenue share of 47.0% in 2022, attributed to the features of rotary/screw air compressors, such as low noise output, high energy efficiency, good performance, easy maintenance, and uninterrupted operation
• Based on lubrication, the oil-filled lubrication compressor segment led the market and accounted for the highest revenue share of 62.0% in 2022, due to its characteristics such as robustness and less noisy operational ability
• Further semiconductor and electronics segment of application is expected to witness a significant CAGR of 6.8%, as the semiconductor manufacturing spaces require highly controlled cleanroom requirements to maintain the air quality
• Based on end-use, the electric-operated compressor segment led the market and accounted for the highest revenue share of 53.2% in 2022. With the growing emphasis on achieving sustainability and reduction of carbon footprints electric air compressor segment is dominating the market share
• Based on power range, the 51-250kW segment is expected to witness the highest CAGR of 5.3% over the forecast period owing to several benefits, such as high capacity making them suitable for applications that require a significant amount of compressed air, such as industrial manufacturing, large-scale construction, and mining

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