Rotary Air Compressor Market Overview:
Rotary Air Compressor provides various benefits to process industries offering services for varied end-users by providing enhanced safety, improved operational efficiency, and enhanced productivity through integration of energy-efficient and cost-effective products. Rotary Air Compressor providers have introduced innovative products and solutions to enable and high level of output ability to achieve high productivity. Moreover, rotary air compressors are used by varied industry verticals which include oil & gas, waste management, chemicals, power generation, automotive, mining, pharmaceuticals, food & beverages, and others. The stationary segment is anticipated to witness the highest growth rate during the forecast period. The global Rotary Air Compressor market was valued at $9,298 million in 2016, and is projected to reach at $12,634 million by 2023, growing at a CAGR of 4.50% from 2017 to 2023.
The increase in need for energy efficient products, increasing application areas, penetration of IoT & Industry 4.0, and the increased market for compressed air supplements the market growth. Rotary Air Compressor gains traction among the end users due to high rate of adoption from end-user industries, rise in number of industrial infrastructure projects, and increase in investment across all the process industries. The increased market for construction sector is expected to drive the Rotary Air Compressor market growth.
Segment Overview
The global air compressor market is segmented based on type, lubrication method, end-user industry, and region. The type segment includes portable and stationary air compressors. Based on lubrication method, the Rotary Air Compressor market is bifurcated into oiled and oil-free air compressors. Based on region, the Rotary Air Compressor market is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Top Impacting Factors
The global Rotary Air Compressor market is influenced by several factors that include increased penetration of IoT & Industry 4.0, increased application areas, proliferation of efficient solutions, growth associated with end-use industries, demand from developing economies, and others. All these factors collectively provide opportunities for Rotary Air Compressor market growth.
Growth of Oil and Mining Industries
Growth associated with the oil industry and natural gas production is a prominent factor that may fuel the Rotary Air Compressor market demand during the forecast period. According to EIA's Annual Energy Outlook, U.S. crude output is going to increase by 20% by 2030, and the demand for natural gas is estimated to attain around 15.6% of growth over the next few years. Further, expenditure by the U.S. oil and gas companies is expected to increase during the forecast period. Natural gas is gaining importance as the preferred fuel option, owing to its low emission and low-cost properties. Air compressors have wide-scale application in the oil and mining industries, which may act as a driver for the air compressor industry.
Availability of Energy-efficient Compressors
Compressed air is one of the most expensive sources of energy in a plant. Air compressors account for one of the prime sources of pressurized air, which is utilized by industrial facilities, and power consumption by them acts as a key are of concern for these facilities. Moreover, 1030% of the electricity consumed in an industrial facility is used to generate compressed air. Use of energy-efficient air compressors helps in conserving electricity and reduces electricity bills largely. Further, growth in awareness towards environmental and energy conservation has created the need for development of energy-efficient and cost-effective solutions to cater to the increasing demand from end-use industries.
Impact of Developing Economies
Increase in demand for advanced solutions and technological advancements in end-use industry, presence of untapped demands, and surge in need for better infrastructure in the countries such as China, Japan, and Australia provide enormous opportunities for the market growth.
The Rotary Air Compressor Market
The Rotary Air Compressor Market by Type
The Rotary Air Compressor Market by Lubrication Method
The Rotary Air Compressor Market by End-Use Industry
Key Benefits for Stakeholders
- The report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global Rotary Air Compressor market.
- Porters Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the market to determine the investment pockets.
- Current and future trends adopted by key market players are highlighted to determine overall competitiveness.
- The quantitative analysis of the market from 2016 to 2023 is provided to elaborate the market potential.
Rotary Air Compressor Market Key Segments:
By Type
- Portable
- Stationary
By Lubrication Method
- Oiled
- Oil-free
By End-User Industry
- Food & Beverage
- Oil & Gas
- Manufacturing
- Medical
- Power Generation
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Atlas Copco AB
- Kobe Steel Ltd.
- Elgi Equipments Limited
- Ingersoll-Rand PLC
- Kirloskar Pneumatic Company Limited
- Mitsubishi Heavy Industries Ltd.
- Suzler Ltd.
- Ebara Corporations
- Porter Cable
- VMAC Global Technology Inc.
- Campbell Hausfled
- Doosan Infracore Portable Power
Rotary Air Compressor Market Report Highlights
| Aspects | Details |
 By TYPE |
|
 By LUBRICATION METHOD |
|
 By END-USE INDUSTRY |
|
 By Region |
|
 Key Market Players | MITSUBISHI HEAVY INDUSTRIES LTD., KOBE STEEL LTD., ELGI EQUIPMENTS LIMITED, VMAC GLOBAL TECHNOLOGY INC., PORTER CABLE, KIRLOSKAR PNEUMATIC COMPANY LIMITED, INGERSOLL-RAND PLC, EBARA CORPORATIONS, SUZLER LTD., ATLAS COPCO AB |
Analyst Review
The global Rotary Air Compressor market is estimated to witness significant growth in Asia-Pacific and LAMEA, owing to high investment in end-use industries, increased adoption of Industry 4.0, growth associated with compressed air market, and rise in demand for advanced energy efficient solutions. The Rotary Air Compressor market share is projected to grow at a CAGR of 4.50% from 2017 to 2023, owing to increase in demand for application-specific solutions in the developed and the developing regions.
Rotary Air Compressor is increasingly deployed in Asia-Pacific, followed by North America, Europe, and LAMEA. Asia-Pacific showed the highest market share in 2016 due to increase in application areas among end-use industries, presence of industry leaders, and rise in number of developmental strategies followed by market leaders for business expansion. The Rotary Air Compressor market is impacted by the need to improve the overall productivity and operational efficiency of the process industries. However, stringent regulatory standards limit the Rotary Air Compressor market growth.
The key players in Rotary Air Compressor market are involved in the merger, acquisitions, and introduction of new features & capabilities to enhance their existing product portfolio. This is anticipated to increase the product penetration and enable key providers to establish themselves in the emerging markets. For example, in June 2017, Atlas Copco launched a range of oil-injected rotary screw air compressors. These compressors are powerful and are responsible for minimal noise pollution.
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