Rotary Air Compressor Market Size, Share & Trends Analysis Report By Lubrication (Oil-free, Oil-filled), By Type (Stationary, Portable), By Application, By Region, And Segment Forecasts, 2023 - 2030
Rotary Air Compressor Market Size, Share & Trends Analysis Report By Lubrication (Oil-free, Oil-filled), By Type (Stationary, Portable), By Application, By Region, And Segment Forecasts, 2023 - 2030
Rotary Air Compressor Market Growth & Trends
The global rotary air compressor market size is anticipated to reach USD 16.19 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 4.4% from 2023 to 2030. The rotary air compressors are known as positive displacement air compressors. These compressors dependably provide industrial processes in commercial, trade, and workshop settings with high-quality compressed air. These aforementioned factors are anticipated to propel the market demand over the forecast period.
Increasing consumer preference for energy savings and longer product life cycles is contributing to a significant portion of the total life cycle expenses of compressor operation and maintenance. Due to this, rotary air compressors now have a higher revenue share than reciprocating compressors. Air compressors are widely suitable for manufacturing applications. For instance, oil-free rotary air compressor is used directly in many locations as a power supply for manufacturing equipment. Due to the obligatory safety and health rules, there will be a large increase in demand from the food & beverage industry. These aforementioned factors are anticipated to propel the market demand over the forecast period.
The rotary air compressor market is undergoing several trends and developments, driven by a range of factors, such as the growing demand for energy-efficient and environmentally friendly compressed air systems. The manufacturers are increasingly focused on reducing their energy consumption and carbon footprint through the adoption of rotary oil-free air compressors that offer efficient and sustainable alternatives to traditional oil-lubricated compressors. This shift in customer behavior is brought about by fast-paced technological advancements and increasing investments in research & development globally.
The features of rotary oil-free air compressors such as low noise output, high energy efficiency, good performance, easy maintenance, and uninterrupted operation are anticipated to attract more customers over the forecast period resulting in an increasing demand for rotary air compressors. For instance, Alup Kompressoren, with more than 90 years of experience in the compressors segment, offers oil-free air compressors. The ALUP Compressors OF 75-220Hp and ALUP Compressors OF 20-75 lines of oil-free rotary compressors offer exceptional performance, sustainability & reliability while minimizing the overall ownership cost.
Market players are undertaking various initiatives to ensure a competitive advantage and to increase their market footprint. For instance, in July 2022, Atlas Copco acquired a French distributor of compressors, FITEC S.A.S, which specializes in services & sales of rotary screw compressors and related equipment, and it sells mainly to medium & small-sized industries. The acquisition is expected to offer an opportunity to strengthen Atlas Copco AB’s presence in the Southwest part of France.Furthermore, in July 2020, Kaeser compressor, Inc. launched the M118 portable compressor. It delivers up to 405 CFM at 100 PSIG. It is reliable, fuel-efficient, and comes with the heavy-duty Tier 4 Final 4-cylinder Deutz diesel engine and power-saving Sigma Profile rotary screw air end.
Rotary Air Compressor Market Report Highlights
In terms of lubrication, the oil-free lubrication segment is anticipated to witness the fastest CAGR of 5.4% over the forecast period. Oil-free rotary air compressors are made to offer the highest-quality air in compliance with industry requirements while having the lowest lifespan costs. For instance, Atlas Copco provides ZT & ZR compressors for the pharmaceutical, food & beverage, automotive, textile, medical, power generation, battery, chemical, and automotive industries, all of which need high criteria for compressed air quality
Based on type, the portable segment is anticipated to witness the fastest CAGR of 4.9% over the forecast period. The most demanding portable compressor applications are catered by portable rotary compressors. The screw air end is built to last for many years in situations with a high-duty cycle. In addition, rotary portable air compressors are helpful for applications that require high cfm output in a compact design. These aforementioned factors are anticipated to augment the market demand
In terms of application, the manufacturing application segment held the largest revenue share of 37.4% in 2022. Air compressors with rotary motors survive a long time since there is little to no capacity loss. These compressors are made to power tools that produce more power than typical machinery. In addition, these are made to create a constant flow rate, making them perfect for a range of industrial uses, including small machine shops, the production of food & beverages, and the manufacture of automobiles, among others
Asia Pacific region led the market in 2022 with the largest revenue share of 37.2%. This growth can be attributed to increasing urbanization, a rise in energy consumption, and the presence of manufacturing facilities in the region. Furthermore, the region has a strong manufacturing base due to the presence of the largest manufacturing economies such as China, Japan, South Korea, and India
In November 2021, Vanair Manufacturing, Inc. launched the Air N Arc 300 system. The system is designed specifically to meet the challenge of fitting under the slide-out tray or on the body of a box truck. It is lighter and more compact than standard units at 7.5 inches shorter. The unit provides more efficient use of truck bed that reduces cost by combining various power sources into a single machine, including a rotary air compressor, battery charger, 300 AMP welder, 7 kW generator, and battery booster.
Please note The report will be delivered in 4-8 business days upon order notification.