Global Rotary Air Compressor Market Overview
As per MRFR analysis, the Rotary Air Compressor Market Size was estimated at 7.25 (USD Billion) in 2022.
The Rotary Air Compressor Market Industry is expected to grow from 7.68(USD Billion) in 2023 to 12.9 (USD Billion) by 2032. The Rotary Air Compressor Market CAGR (growth rate) is expected to be around 5.93% during the forecast period (2024 - 2032).
Key Rotary Air Compressor Market Trends Highlighted
The Rotary Air Compressor Market is projected to experience significant growth in the coming years, driven by increasing demand for compressed air in various industrial and manufacturing applications. Key market drivers include the growing adoption of automation and robotics, rising energy efficiency concerns, and the need for reliable and efficient air compression solutions. Opportunities in the rotary air compressor market lie in the development of energy-efficient models, the expansion of the renewable energy sector, and the increasing demand for compressed air in emerging economies. Recent trends include the adoption of digital technologies for monitoring and control, the integration of artificial intelligence for predictive maintenance, and the development of compact and portable air compressors.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Rotary Air Compressor Market Drivers
Increasing Demand for Energy-Efficient Solutions
The increasing requirement for energy-efficient solutions in different industries is the primary factor driving the Rotary Air Compressor Market Industry. For their high efficiency and reliability, rotary air compressors have been recognized and are the first choice for the companies intending to reduce energy consumption and operating costs. The shift towards energy-efficient technologies has been triggered by regulations from the government, increasing environmental concerns, maintenance of business profitability due to high competition in the global markets.Therefore, it is expected that the demand for rotary air compressors will continue to grow in the near future.
Expansion of Manufacturing and Industrial Sectors
Another factor fueling the growth of the Rotary Air Compressor Market Industry is the expansion of manufacturing and industrial sectors in emerging economies. Compressed air has diverse applications in these sectors, including running pneumatic tools, operating machinery, equipment, and cleaning sites. The growth of these sectors in countries such as China, India, and Brazil is fueling the demand for rotary air compressors. To capitalize on this demand, new manufacturing plants are being established, and existing distributions are being expanded.
Technological Advancements and Innovation
In the development of the Rotary Air Compressor Market Industry, technological advancements and innovation are also playing vital roles. In this regard, the manufacture of compressors is moving to the development of new technologies that will improve the efficiency, reliability, and performance. For instance, the most modern compressors have included the use of a variable speed drive that enables the compressor to vary its speed to meet the application demand, thus saving a lot of energy.Moreover, the new technology has embraced the use of new materials and lubricants for durability and longevity of the compressor et al.
Rotary Air Compressor Market Segment Insights
Rotary Air Compressor Market Power Source Insights
The current leader of the Rotary Air Compressor Market by Power Source is the Electric segment, which is expected to cover approximately 55% of the market share in 2023 by generating the highest revenue. The Electric type is rapidly emerging to be the most preferred type among end-users, as modern electric rotary air compressors are considerably more efficient, cost less to operate, and are environmentally friendly. They find wide application in numerous end-use sectors, include manufacturing, automotive, food beverage, and others. The Diesel segment is expected to compete rather effectively with the Electric type, as it will capture a considerable portion of the market share.This may happen because of the reliable factor and the freedom to be applied in areas, where electricity is not easy to find. The types of diesel rotary air compressors are currently mainly used in construction, mining, and oil gas industries. An insignificant amount of the market share in the Gasoline sector is expected to be taken, due to the fact that it is considerably less effective, more expensive to operate, and more environmentally hazardous than electric or diesel models. Nonetheless, it will long remain employed in various niches, which prioritize their portability, maneuverability, and the low costs of initial investiture.In general, the Rotary Air Compressor Market is expected to grow at a rather stable and controllable rate in the forthcoming years. The key market drivers that support the development are increasing demands from various end-use sectors and technological developments that considerably enhance the efficiency and effectiveness of the products.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Rotary Air Compressor Market Application Insights
The Rotary Air Compressor Market by Application is segmented into Industrial, Automotive, Medical, Construction, and Transportation. The Industrial segment is estimated to dominate the market with a revenue share of around 40% in 2023 and is expected to continue its dominance over the forecast period. The increasing demand for rotary air compressors in various industrial applications, such as manufacturing, power generation, and mining, is driving the growth of the Industrial segment. The Automotive segment is expected to witness higher growth over the forecast period owing to the rise in demand for rotary air compressors in the manufacturing and maintenance of vehicles.The Medical segment is also anticipated to grow at a decent rate with the increasing application of rotary air compressors in medical devices and equipment. The Construction and Transportation segments are likely to witness moderate contributions to the overall market growth.
Rotary Air Compressor Market Pressure Range Insights
The Rotary Air Compressor Market is segmented by pressure range into low pressure, medium pressure, and high pressure. Among these, the low pressure segment held the largest market share in 2023 and is projected to maintain its dominance throughout the forecast period. This growth can be attributed to the increasing demand for rotary air compressors in low-pressure applications such as aeration, ventilation, and dust collection. The medium pressure segment is expected to witness significant growth over the forecast period, due to the growing adoption of rotary air compressors in industrial applications such as air tools and painting.The high pressure segment is expected to grow at a moderate pace, owing to its use in specialized applications such as gas compression and refrigeration.
Rotary Air Compressor Market Lubrication Type Insights
The Rotary Air Compressor Market segmentation by Lubrication Type includes Oil-Lubricated and Oil-Free. In 2023, the Oil-Lubricated segment held the largest market share of 64.6%, generating a revenue of USD 4.99 billion. The Oil-Free segment is projected to grow at a CAGR of 6.5% from 2023 to 2032, owing to increasing demand for energy-efficient and environmentally friendly compressors. The growth of the Oil-Free segment is also driven by stringent regulations regarding the use of lubricants in industrial applications.
Rotary Air Compressor Market Regional Insights
The Rotary Air Compressor Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest market for rotary air compressors, accounting for over 35% of the global market share in 2023. The region is home to a large number of manufacturing industries, which are major consumers of rotary air compressors. Europe is the second-largest market for rotary air compressors, accounting for over 30% of the global market share. The region has a strong industrial base, and rotary air compressors are widely used in various industries such as automotive, food processing, and pharmaceuticals.APAC is the fastest-growing market for rotary air compressors, with a CAGR of over 7% expected over the next five years. The region is experiencing rapid industrialization, and rotary air compressors are gaining popularity due to their energy efficiency and low maintenance costs. South America and MEA are relatively smaller markets for rotary air compressors, but they are expected to grow at a steady pace over the next five years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Rotary Air Compressor Market Key Players And Competitive Insights
Major players in Rotary Air Compressor Market industry are constantly engaged in developing and launching innovative products to meet the evolving needs of customers. Leading Rotary Air Compressor Market players are also focusing on expanding their global presence through strategic partnerships and acquisitions. The Rotary Air Compressor Market is expected to witness significant growth in the coming years, driven by increasing demand from various end-use industries such as manufacturing, automotive, and construction. The competitive landscape of the Rotary Air Compressor Market is characterized by the presence of both global and regional players. Some of the key players in the Rotary Air Compressor Market include Atlas Copco, Ingersoll Rand, Sullair, Gardner Denver, and Kaeser Kompressoren. These companies are investing heavily in research and development to enhance the efficiency and performance of their products.Atlas Copco is a leading provider of industrial air compressors, vacuum solutions, and power tools. The company has a strong global presence and offers a wide range of Rotary Air Compressors for various applications. Atlas Copco is committed to providing innovative and sustainable solutions to its customers. Ingersoll Rand is another major player in the Rotary Air Compressor Market. The company offers a wide range of Rotary Air Compressors for industrial and commercial applications. Ingersoll Rand is also focused on developing energy-efficient and environmentally friendly products. Sullair is a leading manufacturer of oil-free Rotary Air Compressors. The company's products are used in a variety of industries, including food and beverage, pharmaceutical, and electronics. Sullair is committed to providing high-quality and reliable products to its customers.Kaeser Kompressoren is a leading manufacturer of Rotary Air Compressors and compressed air systems. The company offers a wide range of products for various applications. Kaeser Kompressoren is committed to providing innovative and efficient solutions to its customers. Gardner Denver is a leading provider of industrial compressors, vacuum pumps, and blowers. The company offers a wide range of Rotary Air Compressors for various applications. Gardner Denver is committed to providing high-quality and reliable products to its customers.
Key Companies in the Rotary Air Compressor Market Include
Rotary Air Compressor Market Industry Developments
The Rotary Air Compressor Market is projected to grow from USD 7.68 billion in 2023 to USD 12.9 billion by 2032, exhibiting a CAGR of 5.93% during the forecast period. The market growth is attributed to the increasing demand for compressed air in various industries, including manufacturing, mining, and construction. The growing adoption of rotary air compressors in oil and gas, automotive, and healthcare industries is further driving the market. Technological advancements, such as the development of oil-free rotary air compressors, are also contributing to the market growth. Additionally, government regulations promoting energy efficiency and environmental sustainability are expected to drive the demand for rotary air compressors.
Rotary Air Compressor Market Segmentation Insights
Rotary Air Compressor Market Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | 7.25(USD Billion) |
| Market Size 2023 | 7.68(USD Billion) |
| Market Size 2032 | 12.9(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 5.93% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Ingersoll Rand, Gardner Denver, Hycomp, Hitachi, Rotorcomp, CompAir, Quincy Compressor, Kaeser Kompressoren, Sullair, Fusheng, MK Pneumatics, Boge, Siemens, Mitsubishi Heavy Industries, Atlas Copco |
| Segments Covered | Power Source, Application, Pressure Range, Lubrication Type, Regional |
| Key Market Opportunities | Increasing industrial automation growing demand for energy efficient solutions expanding manufacturing sector rising infrastructure development and technological advancements |
| Key Market Dynamics | Increasing manufacturing activities Growing demand in construction industry Advancements in oil amp gas sector Development of sustainable models Rising adoption in automotive industry |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Rotary Air Compressor Market is projected to reach USD 7.68 billion in 2023.
The Rotary Air Compressor Market is projected to grow at a CAGR of 5.93% from 2024 to 2032.
Asia Pacific is expected to hold the largest market share in the Rotary Air Compressor Market in 2023.
The industrial segment is expected to account for the largest share of the Rotary Air Compressor Market in 2023.
Some of the key competitors in the Rotary Air Compressor Market include Ingersoll Rand, Atlas Copco, Kaeser Compressors, and Sullair.
The growth of the Rotary Air Compressor Market is being driven by factors such as the increasing demand for compressed air in various industries and the growing adoption of energy-efficient technologies.
Some of the challenges facing the Rotary Air Compressor Market include the high cost of raw materials and the increasing competition from other types of compressors.
Some of the key trends in the Rotary Air Compressor Market include the increasing adoption of oil-free compressors and the growing popularity of variable speed drives.
The Rotary Air Compressor Market is projected to reach USD 12.9 billion by 2032.
The Rotary Air Compressor Market is projected to grow at a CAGR of 5.93% from 2024 to 2032.
Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
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