Stationary Air Compressor Market Size By Technology (Reciprocating, Centrifugal, Rotary), By Lubricant (Oil-filled, Oil-free), By Application (Food & Beverages, Home appliances, Oil & Gas, Semiconductor & Electronics, Energy, Healthcare, Manufacturing), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 - 2032
Stationary Air Compressor Market is expected to grow exponentially through 2032, propelled by their use in areas where the demand for stay-at-location compressors is rising. Besides, stationary air compressors are ideal for auto repair shops, industrial plants, and manufacturing locations, which are further slated to enhance market expansion over the coming years. In addition, the rising technological innovations in the space are further estimated to expand the industry outlook in the future.
The key players operating in the stationary air compressor industry are constantly investing in R&D, new product launches, and engaging in mergers, acquisitions, and partnerships to reinforce their presence in the market. For instance, in December 2021, Sullair, an industry leader in innovative compressed air solutions, acquired it's Salt Lake City, UT-based distributor, CPS (Compressor-Pump & Service). The move would enable Sullair provide CPS customers with uninterrupted and unwavering support.
Overall, the stationary air compressor market is segmented in terms of technology, lubrication, application, and region.
Considering the technology, the reciprocating segment is expected to depict a CAGR of over 3% by 2032. The growth can be attributed to factors such as lower cost, ease of maintenance compared to scroll compressors, and a lesser heating tendency.
Based on lubrication, the oil-free compressor segment is expected to gain momentum over the forecast period owing to the growing product demand across various industries. The rising adoption can be backed by their lightweight and ability to deliver uncontaminated compressed air in application areas where oil-contaminated air may impose serious consequences on sectors such as food & beverages, healthcare, electronics, etc.
On the basis of application, the home appliances application segment is expected to be valued at over USD 25.5 billion by 2032 end. Factors such as strong economic growth, urbanization, and increasing consumer spending in developing economies will propel the home appliances market expansion, thereby escalating the product consumption.
In terms of applications, the oil & gas application sector is expected to register considerable gains over 2023-2032, owing to the increasing oil & gas production and consumption worldwide. In addition, factors such as increasing population, government investments, rising demand from developing nations, and industrialization will further drive the segmental growth in the ensuing years.
Regionally, the Asia Pacific stationary air compressor market is anticipated to exhibit over 3.5% CAGR through 2032. The regional growth can be attributed to the rising production of automobiles and the considerable growth in manufacturing operations across various APAC countries. Besides, the advancing home appliances sector is expected to foster regional market progression during the estimated timeframe.
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