Air Compressed Equipment Market Size & Share, By Component (Compressor, Treatment Equipment, Distribution System), End-use Industry (Manufacturing, Pharmaceuticals, Food & Beverage, Oil & Gas, Construction & Mining, Energy & Chemical, Automotive),, Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Air Compressed Equipment Market crossed USD 18.54 Billion in 2023 and is expected to reach USD 28.84 Billion by end of the year 2032, observing around 5.7% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 18.54 Billion
• CAGR (2024-2032): 5.7%
• Forecast Year Value (2032): USD 28.84 Billion
• Historical Data Period: 2019-2023
• Largest Region: North America
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

One major growth driver for the air compressed equipment market is the increasing demand for compressed air in various industrial applications. With the growing automation and digitization of industries, the need for compressed air for operating pneumatic tools, machinery, and equipment is on the rise. This has led to a significant increase in the adoption of air compressed equipment by manufacturing, construction, automotive, and other sectors.

Another significant growth driver for the market is the rapid expansion of the oil and gas industry. The oil and gas sector heavily relies on compressed air for various operations such as drilling, exploration, refining, and transportation. As the demand for oil and gas continues to grow globally, the need for reliable and efficient air compressed equipment is expected to surge, driving the market growth.

Furthermore, the increasing focus on energy efficiency and sustainability is propelling the adoption of energy-efficient air compressed equipment. Companies are increasingly shifting towards eco-friendly solutions to reduce their carbon footprint and operational costs. This trend is driving the demand for advanced air compressed equipment that offers high energy efficiency, reduced emissions, and optimal performance.

Report Scope

Report Coverage	Details
Segments Covered	Component, End-Use Industry
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Atlas Copco, Bitzer, Campbell Hausfeld, Chicago Pneumatic, Ciasons Industrial, Elgi Equipments, Ingersoll Rand Plc, KAESER Kompressoren SE, Oasis Manufacturing, Powerex, Quincy Compressor, Rolair Systems., Sullair LLC, Van Air Systems, Vanair Manufacturing, Inc

Industry Restraints:

One of the major restraints faced by the air compressed equipment market is the high initial cost associated with the installation and maintenance of compressed air systems. The capital investment required for purchasing and setting up air compression equipment can be a significant barrier for small and medium-sized enterprises, limiting their adoption. Additionally, the ongoing maintenance and operational costs further add to the overall expenses, making it challenging for businesses to invest in air compressed equipment.

Another restraint for the market is the volatility in raw material prices, especially metals like steel and aluminum, which are essential for manufacturing air compression systems. Fluctuations in raw material prices can significantly impact the production costs of air compressed equipment manufacturers, leading to price variations and potentially affecting the market growth. Manufacturers need to closely monitor and manage their supply chain to mitigate the impact of volatile raw material prices on the overall profitability and competitiveness of their products in the market.

Regional Forecast:

North America:

The air compressed equipment market in North America is expected to experience steady growth in the coming years. The United States and Canada are the major contributors to the market in this region. The increasing demand for energy-efficient compressed air systems in industries such as automotive, manufacturing, and construction is driving the growth of the market in North America. Additionally, stringent government regulations regarding energy consumption and environmental protection are also boosting the adoption of air compressed equipment in the region.

Asia Pacific:

In Asia Pacific, countries like China, Japan, and South Korea are witnessing significant growth in the air compressed equipment market. The rapid industrialization and infrastructural development in these countries are driving the demand for air compressed equipment. China, in particular, is a major market for air compressed equipment due to its large manufacturing sector. Moreover, the increasing focus on sustainability and energy efficiency in the region is expected to further propel the growth of the market in Asia Pacific.

Europe:

The air compressed equipment market in Europe is mature and well-established, with countries like the United Kingdom, Germany, and France leading the market. The presence of a strong manufacturing base in these countries is driving the demand for air compressed equipment. Additionally, strict environmental regulations and emphasis on reducing carbon emissions are encouraging industries to adopt energy-efficient compressed air systems. The market in Europe is also benefiting from technological advancements and innovations in the field of air compressed equipment.

Segmentation Analysis:

In terms of segmentation, the global air compressed equipment market is analyzed on the basis of Component, End-Use Industry

Compressor Segment Analysis:

The compressor segment holds a significant portion of the air compressed equipment market share, driven by the increasing demand for compressors in various industries. Compressors are essential components that are used to increase the pressure of air to power various tools and equipment. The manufacturing industry is a key end-user of compressors, as they are used in a wide range of applications such as pneumatic tools, HVAC systems, and air compressors for production processes. Additionally, the oil & gas industry also heavily relies on compressors for various operations such as gas compression and transportation.

Treatment Equipment Segment Analysis:

The treatment equipment segment of the air compressed equipment market is crucial in ensuring the quality of compressed air. Treatment equipment such as filters, dryers, and separators help remove impurities and contaminants from the compressed air, ensuring that it meets the required quality standards. Industries such as pharmaceuticals, food & beverage, and automotive heavily rely on treatment equipment to maintain the purity of compressed air, as any contaminants can adversely affect the end-product quality.

Distribution System Segment Analysis:

The distribution system segment of the air compressed equipment market encompasses the piping and distribution network used to transport compressed air from the compressor to various applications. The efficiency and design of the distribution system play a crucial role in ensuring that compressed air is delivered reliably and efficiently to the end-users. Industries such as construction & mining, energy & chemical, and automotive rely on well-designed distribution systems to power various tools and equipment, reducing downtime and improving overall productivity.

End-use Industry Analysis:

The air compressed equipment market is further segmented based on end-use industries such as manufacturing, pharmaceuticals, food & beverage, oil & gas, construction & mining, energy & chemical, and automotive. Each industry has specific requirements and applications for compressed air, driving the demand for different components and systems within the air compressed equipment market. For example, the manufacturing industry requires reliable and high-quality compressors and treatment equipment to power production processes, while the pharmaceutical industry emphasizes the need for clean and sterile compressed air for regulatory compliance

Competitive Landscape:

The competitive landscape in the Air Compressed Equipment Market is highly diverse and competitive, with several key players vying for market share. Some of the key factors driving competition in this market include product innovation, technological advancements, pricing strategies, and distribution networks. Some of the prominent players in the Air Compressed Equipment Market include Atlas Copco, Ingersoll Rand, Sullair, Gardner Denver, Kaeser Kompressoren, Quincy Compressor, and ELGi Equipments among others. These companies are constantly investing in research and development to introduce new and innovative products to cater to the growing demand for air compressed equipment across various industries. Additionally, strategic partnerships, mergers, and acquisitions are also common strategies adopted by these players to strengthen their market position and expand their global presence.

Top Market Players:

1. Atlas Copco

2. Ingersoll Rand

3. Sullair

4. Gardner Denver

5. Kaeser Kompressoren

6. Quincy Compressor

7. ELGi Equipments

8. Rolair Systems

9. Boge Kompressoren

10. VMAC Global Technology