Stationary Air Compressor Market 2027: Regional Revenue, Growth Forecasts & Trends Analysis
Europe stationary air compressor market is likely to account for nearly 20% of the global revenue share by 2027, on account of the escalating industrial developments in East European countries. The thriving healthcare and manufacturing industries and the extensive automotive production in Western European countries like Germany will also push the regional market share.
Meanwhile, North America is also expected to emerge as a prominent region for the stationary air compressor industry by 2027, due to the growing exploration and production of hydrocarbons and strong manufacturing operations in the region.
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Global stationary air compressor market is set to gain significant momentum the forthcoming years, primarily fueled by the rapid expansion of the manufacturing industry and the burgeoning home appliances sector worldwide. High spending in research and development activities has led to technological breakthroughs and the subsequent production of enhanced stationary industrial air compressors.
The global stationary air compressor market is anticipated to register a revenue share of more than $80 billion by 2027. A growing demand for energy-efficient products has been observed in recent years, bolstered by strict regulations to limit the energy consumption level for industrial equipment to lower GHG emissions. Rising electricity prices have also resulted in a strong focus on the development of energy-efficient air compressors by the market players. The availability of stationary engine air compressors that offer fuel options for supply pressure will thus contribute to the overall industry share over the foreseeable future.
Considering application avenues, the healthcare segment will hold a substantial share of the stationary air compressor industry by 2027. The segmental growth is driven by the increasing population, adoption of cutting-edge technologies, changing lifestyles, rising disposable income, and heavy investment in the healthcare sector across developing economies. Furthermore, the mounting consumption of oil-filled air compressors for critical medical applications will also amplify market expansion from the segment over the forecast spell.
With regards to the technology spectrum, the global stationary air compressor market from the centrifugal segment is set to depict a 3.5% CAGR through 2027. This is a result of the escalating usage of centrifugal air compressors when the required compressed air capacity is continuous and high. These stationary compressors have also been gaining widespread adoption across oil refineries, petrochemical, chemical, and other end-use industries to offer continuous service. However, high product costs as compared to other air compressors may create challenges to the steady segmental growth in the years ahead.
On the other hand, the rotary segment will account for a commendable stationary air compressor industry share by 2027, owing to its mounting use in industrial applications. Growth from this segment can also be credited to its ability to consistently supply compressed air with minimum fluctuation in delivery pressure and lesser heat generation. Myriad other benefits augmenting the adoption of rotary air compressors include longer lifetime and low maintenance costs.
Some of the key manufacturers in the stationary air compressor market are Ingersoll-Rand, Bauer Compressor, Gen-Tech, Sullivan-Palatek, Kaeser, Gardner Denver, Atlas Copco, Rolair Systems, and Ciasons Industrial, among others. Strategic mergers and acquisitions are among the several initiatives being undertaken by these companies to reinforce their presence in the global market. For instance, in May 2021, Atlas Copco took over the operating assets of MidState Air Compressor, with an objective to expand its business and strengthen its footprint in the U.S. market.
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Some Point from Table of Contents:
Chapter 4 Stationary Air Compressor Market, By Technology
4.1 Stationary air compressor market technology insights
4.2 Rotary
4.2.1 Market estimates and forecast, 2017 – 2027
4.2.2 Market estimates and forecast, by region, 2017 – 2027
4.3 Reciprocating
4.3.1 Market estimates and forecast, 2017 – 2027
4.3.2 Market estimates and forecast, by region, 2017 – 2027
4.4 Centrifugal
4.4.1 Market estimates and forecast, 2017 – 2027
4.4.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 5 Stationary Air Compressor Market, By Lubrication
5.1 Stationary air compressor market lubrication insights
5.2 Oil free
5.2.1 Market estimates and forecast, 2017 – 2027
5.2.2 Market estimates and forecast, by region, 2017 – 2027
5.3 Oil filled
5.3.1 Market estimates and forecast, 2017 – 2027
5.3.2 Market estimates and forecast, by region, 2017 – 2027
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