Stationary Air Compressor Market Size By Technology (Reciprocating, Centrifugal, Rotary), By Lubricant, By Application (Food & Beverages, Home appliances, Oil & Gas, Semiconductor & Electronics, Energy, Healthcare, Manufacturing) & Forecast 2023 - 2032
Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery
Publisher : MIR | Format : PDF&Excel
Stationary Air Compressor Market Size By Technology (Reciprocating, Centrifugal, Rotary), By Lubricant, By Application (Food & Beverages, Home appliances, Oil & Gas, Semiconductor & Electronics, Energy, Healthcare, Manufacturing) & Forecast 2023 - 2032
Stationary Air Compressor Market Size
Stationary Air Compressor Market size surpassed USD 68 billion in 2022 and is projected to register 3.5% CAGR from 2023 to 2032.
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The soaring number of chemical and gas plants globally is foreseen to foster industry growth. Additionally, ongoing technological advancement in the market is also poised to bolster product adoption. Manufacturers are increasingly investing in rigorous R&D initiatives to produce new and better products. As a result of rising prices, energy-efficient air compressors are becoming more popular. These compressors now use substantially less energy to operate, which increases energy savings and lowers greenhouse gas emissions.
Report Attribute | Details |
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Base Year | 2022 |
Stationary Air Compressor Market Size in 2022 | USD 68.0 Billion |
Forecast Period | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR | 3.6% |
2032 Value Projection | USD 90 Billion |
Historical Data for | 2018 to 2022 |
No. of Pages | 275 |
Tables, Charts & Figures | 264 |
Segments covered | Technology, Lubrication, Application, and Region |
Growth Drivers |
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Pitfalls & Challenges |
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Furthermore, an upsurge in the utilization of air compressors in the household appliances is anticipated to fuel stationary air compressor market growth. In the coming years, product uptake is likely to be significantly supported by the rising demand in this sector for various equipment, including air conditioners, refrigerators and so on, as well as improving living standards and hot weather in developing nations, such as China, India, Brazil, South Africa and Mexico.
Access to rental air compressors may restrain industry progression
The availability of rental services is primarily restraining the industry development. Easy access to efficient air compressors for temporary usage in industrial processes has gained prominence among businesses. The growing number of retail and rental services involved in the market is impeding the revenue share. Nonetheless, increasing awareness regarding the benefits of air compressors for ventilation and pressure handling in heavy industries is poised to elevate product necessity.
Stationary Air Compressor Market Analysis
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The rotary technology type in stationary air compressor market is expected to observe 3% growth during 2023 to 2032. This is owing to surging product consumption, particularly in the manufacturing sector, due to its high efficiency, high capacity, and low maintenance costs. The segment is further divided into screw, scroll, and other types of rotary stationary air compressors.
The oil-filled stationary air compressor industry size is slated to cross USD 64.5 billion by 2032. This is attributable to the promising durability and low cost of these compressors. The oil-filled or oil-lubricated air compressors can also deliver large volumes at high power, rendering them a preferable choice for heavy-duty operations, such as manufacturing facilities, oil rigs, automotive and so on.
The manufacturing sector is primed to witness 3.5% gains between 2023 and 2032. Manufacturing enterprises are actively engaging in innovating efficient, dependable and high-speed solutions due to the growing population. Favorable government investments and developing economies, including China and India, are experiencing massive expansion in this sector. Moreover, the espousal of robotics & automation, IoT, cloud computing and digital transformation to propel segment expansion.
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North America stationary air compressor market is projected to be valued at USD 36 billion by 2032. The U.S. constitutes over 6% of the worldwide share for exports of refrigerators and freezers, while the food & beverage sector is driven by the progression of several packaged food and refrigerated warehouse industries in the nation. The region’s position as the world's top producer and importer of oil and gas, along with growing unconventional development in the U.S., is speculated to foster the regional demand for these compressors by 2032.
Stationary Air Compressor Market Share
Some major participants in the stationary air compressor business landscape are
- Atlas Copco
- Gardner Denver Inc
- Sullair LLC
- Kaeser Kompressoren SE
- Rolair Systems
- Ingersoll-Rand plc
- Sullivan-Palatek Inc
- Ciasons Industrial Inc
- Hubei Teweite Power Technology Company Limited
- Quincy Compressor
- Bauer Compressors, Inc
- Zen Air Tech Pvt. Ltd
- KULMEC
- Mat Holdings Inc
- Saylor-Beall Manufacturing Company
Surging focus on product advancement and capacity expansion by these companies is set to proliferate the competitive landscape.
Impact of COVID-19 Pandemic
The spread of COVID-19 cases was directly proportional to the air supply for ventilators and surgical procedures in healthcare facilities. As per reports, the burgeoning healthcare burden in line with inefficient air compressibility facilitated the spread of the infection. Many manufacturers were pushed to accommodate stationary air compressors for medical care departments as an emergency rule. Thus, the industry witnessed a positive impact on revenue through the COVID-19 pandemic. In the post-pandemic scenario, air compressors have gained significant traction due to the soaring uptake of household appliances, which is forecast to complement industry statistics.
This market research report on stationary air compressor includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD Million from 2018 to 2032 for the following segments
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Market, By Technology
- Reciprocating
- Centrifugal
- Rotary
Market, By Lubricant
- Oil-filled
- Oil-free
Market, By Application
- Food & Beverages
- Home appliances
- Oil & Gas
- Semiconductor & Electronics
- Energy
- Healthcare
- Manufacturing
- Others
Market, By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
Table of Content
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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )