Stationary Air Compressor Market Forecast | 2022-2028

Market Insights

The stationary air compressor market is estimated to grow from USD 67.64 billion in 2021 and is likely to grow at a CAGR of 3.97% during 2022-2028 to reach USD 89.22 billion by 2028.

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What is a stationary air compressor?

A Stationary Air Compressor performs the major function of delivering compressed air to pneumatic hand tools, other machineries, and equipment. It gives one instant access to compressed air whenever one needs it, especially at remote construction sites.

Growing demand from the household appliances sector along with improving living standards of people and hot climatic conditions of the developing economies will significantly boost the market growth. Furthermore, the escalating demand for automobiles across the globe led by increasing population, improved lifestyle, and increasing spending power of people will underpin the consumption of stationary air compressors over the forecast period.

Segment Analysis

Technology Trends

The market is segmented as reciprocating, centrifugal, and rotary. Rotary-type technology is estimated to hold the largest share of the market during the forecast period. The segment’s growth is driven by its efficiency, high capacity, and minimal maintenance costs, which are substantially augmenting product consumption, especially in the manufacturing sector. Furthermore, the demand for rotary screw compressors is expected to account for more than 60% of the market share over the forecast period, owing to their ability to produce high-pressure air with large volumes for industrial or high-power air tool operations.

Lubricant Trends

The market is segmented as oil-filed and oil-free. The oil-free lubricant type is estimated to own a larger market share during the forecast period. The growth of the segment is driven by its ability to deliver pure compressed air and increasing industrial demand due to its lightweight and ability to deliver clean compressed air in application areas where oil-contaminated air may cause grave consequences.

Application Trends

The market is segmented as food & beverages, home appliances, oil & gas, semiconductor & electronics, energy, healthcare, and manufacturing. Manufacturing is estimated to capture the largest market share during the forecast period. Developing economies are expected to observe tremendous growth in the manufacturing sector, owing to the investments made by the government.

Regional Analysis

North America is estimated to lead the market during the forecast period. The USA is becoming the dominating country in this region. Becoming the largest producer of oil & gas and also being the second-largest importer with the rising unconventional exploration in the USA, will raise the market shares of North America in the coming years.

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Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The stationary air compressor market is segmented into the following categories:

By Technology Type:

• Reciprocating
• Centrifugal
• Rotary

By Lubricant Type:

• Oil-filled
• Oil-free

By Application Type:

• Food & Beverages
• Home Appliances
• Oil & Gas
• Semiconductor & Electronics
• Energy
• Healthcare
• Manufacturing

By Region:

• North America
• Europe
• Asia-Pacific
• Rest of the World

Key Players

Some of the key players in the market are-

• Atlas Copco
• Bauer Compressor
• Ciasons Industrial
• Gen-Tech
• Gardner Denver
• Ingersoll-Rand
• Kaeser
• Rolair Systems
• Sullivan-Palatek.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.