What Has Been the Progress and Growth of the Stationary Air Compressor Market in Recent Years?
The stationary air compressor market has seen considerable growth due to a variety of factors.
• In recent times, the market size for stationary air compressors has seen a slight expansion. The market is projected to increase from $56.85 billion in 2024 to $57.66 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 1.4%.
The upward trajectory during the historical period can be credited to the growth in industrialization and manufacturing, boom in construction activities, expansion of automotive industry, concerns related to energy efficiency and maintenance, and repair requirements.
What Can Be Expected from the Stationary Air Compressor Market Size?
The stationary air compressor market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the stationary air compressor is projected to consistently increase in the upcoming years, reaching $63.56 billion in 2029 with a 2.5% Compound Annual Growth Rate (CAGR). The surge during the prediction period can be tied to factors such as renewable energy initiatives, expansion in e-commerce and logistics, emphasis on environmentally friendly approaches, urban growth and infrastructure enhancement, and progress in materials and engineering. Key trends for the prediction period will be technological incorporation, advanced technologies, emphasis on energy efficiency and sustainability, integration of smart technologies, and the digital transition of procedures.
What Are the Critical Driver Fuelling The Stationary Air Compressor Market's Growth?
An upsurge in demand from the manufacturing industry is anticipated to stimulate the growth of the stationary air compressor market. The manufacturing industry, a key part of the economy, encompasses the conversion of raw materials and parts into consumable products or those used in different sectors. Stationary air compressors provide a dependable stream of compressed air for industrial uses and are designed to create and reserve compressed air with a higher capacity than portable air compressors. For instance, the International Federation of Robotics, a German non-profit organization, reported 553,052 global industrial robot installations in factories in September 2023, reflecting an annual growth rate of 5% in 2022. Consequently, the burgeoning demand from the manufacturing industry is propelling the stationary air compressor market's growth. The burgeoning demand from oil and gas sectors is anticipated to stimulate the growth of the stationary air compressor market in the future. The oil and gas sector, also known as the energy sector, includes all operations related to the investigation, extraction, processing, refining, transportation, and distribution of oil and gas products. Stationary air compressors play a crucial role in boosting operational efficiency and safety, providing a consistent source of compressed air, enhancing safety, and boosting efficiency, potentially impacting operational expenses and environmental factors in the oil and gas sector. For example, according to the IEA (Energy Information Administration), a US-based statistical system for collecting, processing, and disseminating energy data, the U.S consumed an average of 86.6 billion cubic feet of natural gas per day (Bcf/d) in 2022 which was the highest annual natural gas consumption in the U.S compared to 2021. Consequently, the escalating demand from the oil and gas industry is anticipated to propel the stationary air compressor market growth in the future.
How Is The Stationary Air Compressor Market segmented?
The stationary air compressor market covered in this report is segmented –
1) By Product Type: Rotary, Reciprocating, Centrifugal
2) By Lubrication Method: Oiled, Oil-Free
3) By Pressure: Up To 20 Bar, 21-100 Bar, Above 100 Bar
4) By End-User Industry: Food And Beverages, Oil And Gas, Semiconductor And Electronics, Manufacturing, Other End-Users
Subsegments:
1) By Rotary: Rotary Screw Compressors, Rotary Vane Compressors
2) By Reciprocating: Single-Stage Reciprocating Compressors, Multi-Stage Reciprocating Compressors
3) By Centrifugal: Single-Suction Centrifugal Compressors, Double-Suction Centrifugal Compressors
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How Are Emerging Trends Reshaping The Dynamics Of The Stationary Air Compressor Market?
Leading firms active in the stationary air compressor market are engaging in collaborations to expand customer reach, enhance sales, and boost revenue by jointly developing stationary air compressors. For example, in June 2023, an alliance was formed between Power Equipment Direct, a US e-commerce firm, and ABAC Air Compressors, a US-based air compressor manufacturer. The aim of this alliance is to provide customers with a top-quality product from a reliable brand, utilize ABAC's advanced integrated block technology and create air compressors. Additionally, in February 2024, Elgi Equipments Ltd. from India, a manufacturer of air compressors, joined forces with Italy's D.V.P. Vacuum Technology S.p.A to manufacture, assemble, evaluate, and distribute D.V.P.'s patent vacuum products in India. The motive behind this was to broaden Elgi's product scope, exploit manufacturing and distribution synergies to tap into the fast-growing Indian vacuum market. This agreement underscores the significance of incorporating vacuum technology into Elgi's range, enhancing its competitive advantage, and seizing the opportunities in the expanding global vacuum pump market.
Who Are the Key Players In The Stationary Air Compressor Market?
Major companies operating in the stationary air compressor market report are:
• Phillips 66 Company
• Idemitsu Kosan Co. Ltd.
• Dow Chemical Company
• Bharat Petroleum Corporation Limited
• Atlas Copco AB
• Ingersoll-Rand PLC
• Calumet Branded Products LLC
• Mat Holdings Inc.
• Gardner Denver
• Kaeser Compressors Ltd.
• LIQUI MOLY GmbH
• Elgi Equipment Limited
• Sullair LLC
• Quincy Compressor
• Puma Industrial Co. Ltd.
• Chicago Pneumatic
• Fusheng Group
• Bauer Compressor Ltd.
• ABAC Air Compressors
• Sullivan-Palatek Inc.
• Vanair Manufacturing Inc.
• Gast Manufacturing
• Rolair Systems
• Kulmec Compressor
• MAX-Air
• Saylor-Beall Manufacturing Company
• Ciasons Industrial Inc.
• EMAX Compressor
• Hubei Teweite Power Technology Company Limited
• Zen Air Tech Private Limited
What Is The Most Dominant Region In The Stationary Air Compressor Market?
Asia-Pacific was the largest region in the stationary air compressor market in 2024. The regions covered in the stationary air compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
