Stationary Air Compressor Market Outlook, Insights And Overview 2024-2033

Global stationary air compressor market size is expected to reach $61.36 Bn by 2028 at a rate of 1.9%, segmented as by product type, rotary, reciprocating, centrifugal

Aug 16, 2024 - 16:32

Stationary Air Compressor Market Outlook, Insights And Overview 2024-2033

Overview and Scope

A stationary air compressor refers to a type of air compressor that is designed to be bolted into a fixed area and attached directly to a building's electrical circuit. It provides a reliable compressed air source for industrial applications, such as powering air tools, paint sprayers, and abrasive blast equipment. They are used in fixed-location contexts such as manufacturing facilities, where continuous usage requires substantial energy.

Sizing and Forecast

The stationary air compressor market size has grown marginally in recent years. It will grow from $55.91 billion in 2023 to $56.85 billion in 2024 at a compound annual growth rate (CAGR) of 1.7%. The growth in the historic period can be attributed to industrialization and manufacturing growth, construction boom, automotive industry expansion, energy efficiency concerns, maintenance and repair needs.

The stationary air compressor market size is expected to see marginal growth in the next few years. It will grow to $61.36 billion in 2028 at a compound annual growth rate (CAGR) of 1.9%. The growth in the forecast period can be attributed to renewable energy projects, e-commerce and logistics growth, focus on sustainable practices, urbanization and infrastructure development, advancements in materials and design. Major trends in the forecast period include technological integration, technological advancements, energy efficiency and sustainability, smart technology integration, digitalization of operations.

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Segmentation & Regional Insights

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

Asia-Pacific was the largest region in the stationary air compressor market in 2023. The regions covered in the stationary air compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The increasing demand from the manufacturing sector is expected to propel the growth of the stationary air compressor market. The manufacturing sector is a critical segment of the economy involved in transforming raw materials and components into finished products that can be sold to consumers or used in other industries. The stationary air compressors are required in the manufacturing sector to provide a reliable source of compressed air for industrial applications. They are designed to produce and store compressed air at a much greater capacity than portable air compressors. For instance, in December 2022, according to the 2021 Annual Survey of Manufactures (ASM) published by the U.S. Census Bureau, a principal agency of the U.S. Federal Statistical System, the value of shipments in the country's manufacturing sector climbed by 16.8% between 2020 and 2021, reaching $6.1 trillion. Therefore, increasing demand from the manufacturing sector is driving the growth of the stationary air compressor market.

Key Industry Players

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 Equipments 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

The stationary air compressor market report table of contents includes: