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Portable Air Compressors Market - Global Outlook & Forecast 2023-2028

TO BE PUBLISHED : Feb 2023 | Pages : 306

THE GLOBAL PORTABLE AIR COMPRESSOR MARKET SIZE IS EXPECTED TO REACH USD 1.58 BILLION BY 2028 FROM USD 1.16 BILLION IN 2022, GROWING AT A CAGR OF 5.35% DURING THE FORECAST PERIOD.

The Portable Air Compressor Market Size, Share, & Trends Analysis Report By

  • Product Type: Reciprocating, Rotary Screw, Centrifugal, and Axial
  • Lubrication Type: Oil-Injected and Oil-Free
  • Airflow Type: Below 400 CFM, 400-800 CFM, and Above 800 CFM
  • Fuel Type: Conventional and Electric
  • End-user Type: Manufacturing, Construction, Pharmaceutical/Healthcare, Automotive, Power Generation, Oil & Gas, Agriculture, and Others
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2023–2028

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Most Exhaustive Report

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306 Pages

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131 Tables

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174 Charts

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5 Regions

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18 Countries

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18 Companies

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6 Market Segment

PORTABLE AIR COMPRESSOR MARKET REPORT SCOPE

Report Attribute Details
Market Size (2028) USD 1.58 Billion
Market Size (2022) USD 1.16 Billion
CAGR (2022-2028) 5.35%
MARKET SIZE BY SHIPMENTS (2028) 9,448.59 Thousand Units
BASE YEAR 2022
FORECAST YEAR 2023-2028
SEGMENTS BY Product Type, Lubrication Type, Airflow Type, Fuel Type, End-user Type, and Geography
GEOGRAPHIC ANALYSIS North America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERS Atlas Copco, Gardner Denver, Kaeser Kompressoren, and Ingersoll-Rand

MARKET OUTLOOK

The global portable air compressor market size was valued at USD 1.16 billion in 2022 and is expected to reach USD 1.58 billion by 2028, growing at a CAGR of 5.35%. A portable air compressor provides compressed air to several industries, such as construction, automotive, and oil & gas. They are also utilized as backup compressors in several industries when the stationary compressors break down or require maintenance. The increasing adoption of variable-speed systems, low maintenance cost, effective operation, and retrofitting for existing methods are some factors propelling the global portable air compressor market among the end-use industries. Moreover, energy-efficient portable air compressors are witnessing a surge in demand owing to their cost-effective operations. Hence, air monitoring systems are widely installed for measuring air compressors' impact. Additionally, the subsequent introduction of oil-free-based projects and continuous industry investments are driving the demand for oil-free portable air compressors.

Prominent manufacturers in the global portable air compressor market are developing eco-friendly and low-maintenance systems in their products to encourage users to opt for next-generation compressors. Further, companies such as Sullair, Ingersoll Rand Plc, and Atlas Copco Inc. have developed their products with next-generation systems and high-performance capabilities to differentiate them from other vendors in this highly competitive market. For instance, in 2020, Sullair introduced its redesigned, next-generation 1600H Tier 4 Final portable diesel air compressor, an enhanced model based on the direct voice of customer feedback. A few of the key features offered by these portable air compressors include increased efficiency and reduced noise levels. Moreover, technology integration is the key approach companies select to refine the technologies utilized in their new products and services. An effective technology-integration process starts in the earliest phases of an R&D project and provides a road map for all design, engineering, and manufacturing activities.

Various manufacturers provided IoT-connected air compressors, including Kaeser, Atlas Copco, Elgi, and Hitachi Sullair. For instance, in 2020, Atlas Copco had approximately 100,000 IoT-connected compressors at approximately 35,000 production sites globally. Hence, these compressors deliver more than 150 data measurements per second, including sharing the real-time status of internal parts, such as the motor, belt, etc. Therefore, the advancement and development of new technologies have revolutionized the global portable air compressor market. Moreover, the constant efforts to develop new features and technology for compressors are expected to create new opportunities to expand the portable compressor market during the forecast period.

FUTURE GROWTH OPPORTUNITIES

The manufacturers are emphasizing manufacturing energy-efficient compressors by adopting VFD and VSD technologies, which enables them to save huge amounts of energy on their products in the portable air compressor market. For instance, Atlas Copco’s GA 7-110 VSD+ is an innovative oil-injected compressor that took energy efficiency to a new level with an approximately 50% reduction in energy consumption. Hence, such adoption of energy-efficient technologies is providing an opportunity to the manufacturers during the forecast period.

Further, according to the report by the Department of Business, Energy, and Industrial Strategies state that compressed air systems are one of the large consumers of energy, consuming around 10% of all industrial electrical consumption or 8.8 TWh each year, which results in CO2 emissions of 3,100 kt/year. Hence, such factors are expected to encourage the adoption of energy-efficient electric portable air compressors during the forecast period.

SEGMENTATION INSIGHTS

  • The reciprocating portable air compressors segment accounted for a revenue share of USD 623.18 million in the global portable air compressor market, owing to the high adoption of these compressors in manufacturing. Further, these compressors are widely used in the oil and gas sector for operating pneumatic equipment for pipelines, oil extraction & refining, and other processes.
  • In the end-user global portable air compressor market, the construction segment is growing at a high CAGR due to the increasing adoption of compressors to provide a power source to pneumatic tools such as sanders, grinders, and wrenchers, among others, and is expected to cross USD 360.34 million by 2028.
  • The consumption of portable compressors in the automotive sector is also gaining momentum across several regions. The gaining momentum is contributed by the compressed air used as an energy carrier in the automotive industry to move robotic lines, cutting & welding operations, paint pump operations, and many other applications.
  • The adoption of oil-free portable compressors is high in the APAC region owing to the growing manufacturing and automotive industries. In 2022, it accounted for a revenue share of 37.85% in the global portable air compressor market.
  • The oil-free segment in the lubrication portable air compressor market is expected to grow at a higher growth rate of 5.56% during the forecast period. The growth is propelled due to the growing implementation of regulations to curb emissions and governments' rising focus on environmental safety.

GEOGRAPHICAL INSIGHTS

APAC accounted for a revenue share of 47.08% in the global portable air compressor market in 2022, owing to continuous government investments in infrastructure development and rapid industrialization. The demand for portable air compressors from various applications, such as manufacturing, home applications, and automotive industries, drives the market growth. Moreover, several manufacturers of compressors in China and India are expected to drive industry growth in the region.

Europe and North America are expected to grow steadily in the portable air compressor market during the forecast period. However, rising investments for infrastructural development in both regions are expected to augment the growth opportunities for industrial air compressors. Further, the increasing focus of consumers on easy-to-use and energy-efficient products is projected to propel the industry growth.

VENDOR LANDSCAPE

The portable air compressor market can be defined as a competitive market characterized by several prominent industry players, such as Atlas Copco; Bauer Ingersoll Rand Plc; Kaeser Compressors; and Sullair LLC, among others. These companies are expanding their product portfolio to gain a larger industry share. These players are using several organic and inorganic growth strategies, such as M&A and collaborations, to bolster their position in the global market.

Frequently Asked Questions

How big is the portable air compressor market?

The global portable air compressor market by revenue was valued at USD 1.16 billion in 2022 and is expected to reach USD 1.58 billion by 2028.

What is the growth rate of the portable air compressor market?

The global portable air compressor market share by revenue is expected to grow at a CAGR of 5.35% from 2022 to 2028.

Who are the key players in the global portable air compressor market?

Atlas Copco, Gardner Denver, Kaeser Kompressoren, and Ingersoll-Rand are the key players in the global portable air compressor market.

What are the key driving factors in the portable air compressor market?

Growing demand for energy-efficient compressors, advances in battery technology, and growing inclination towards sustainability are significant factors driving the global portable air compressor market.

Which region dominates the portable air compressor market?

APAC dominates the global portable air compressor market share and is expected to witness a CAGR of 5.95% during the forecast period. The increased demand for housing in the region has resulted in significant expenditures in new and renovated residential infrastructure, which has boosted the consumption of pneumatic tools, thereby the market demand for portable air compressors.

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The global portable air compressor market by revenue is expected to grow at a CAGR of 5.35% from 2022 to 2028.

The following factors are likely to contribute to the growth of the global portable air compressor market during the forecast period:

  • Integration in Compressor with Technology
  • Increasing Utilization of Compressors in Construction Activities
  • Increasing Utilization of Compressors in Households

Base Year: 2022

Forecast Year: 2023-2028

The report considers the present scenario of the global portable air compressor market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Vendors

  • Atlas Copco
    • Business Overview
    • Product Offerings
    • Key Strength
    • Key Strategies
    • Key Opportunities
  • Gardner Denver
  • Kaeser Kompressoren
  • Ingersoll-Rand

Other Prominent Vendors

  • Sullair, LLC
    • Business Overview
    • Product Offerings
  • Deere & Company
  • Rolair Systems
  • Doosan Portable Power
  • Sullivan-Palatek Inc. 
  • Hubei Teweite Power Technology Co., Ltd.
  • Elgi Compressors USA, Inc.
  • CIASONS
  • MAT Holding, Inc.
  • Quincy Compressor
  • Vanair Manufacturing
  • BAC Compressor
  • SeaComAir
  • JSC Remeza

Segmentation by Product Type

  • Reciprocating
  • Rotary Screw
  • Centrifugal
  • Axial

Segmentation by Lubrication Type

  • Oil-Injected
  • Oil-Free

Segmentation by Airflow Type

  • Below 400 CFM
  • 400-800 CFM
  • Above 800 CFM

Segmentation by Fuel Type

  • Conventional
  • Electric

Segmentation by End-user Type

  • Manufacturing
  • Construction
  • Pharmaceutical/Healthcare
  • Automotive
  • Power Generation
  • Oil & Gas
  • Agriculture
  • Others

Segmentation by Geography

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • UAE
    • Saudi Arabia

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