Global Portable Air Compressors Market - Outlook and Forecast 2023-2028


Market Overview

The global portable air compressor market was valued at USD 1.16 billion in 2022 and is projected to reach USD 1.58 billion by 2028, growing at a CAGR of 5.35%. These compressors are widely used in various industries such as construction, automotive, and oil & gas to provide compressed air. They also serve as backup compressors when stationary compressors are undergoing maintenance or repairs. The market is driven by factors such as the increasing adoption of variable-speed systems, low maintenance costs, efficient operation, and retrofitting options for existing systems. Energy-efficient portable air compressors are in high demand due to their cost-effective operations, leading to the installation of air monitoring systems to measure their impact. The introduction of oil-free projects and continuous industry investments are further fueling the demand for oil-free portable air compressors.

Prominent manufacturers in this market, including Sullair, Ingersoll Rand Plc, and Atlas Copco Inc., are developing eco-friendly and low-maintenance systems in their products to differentiate themselves in this competitive market. For example, Sullair introduced its redesigned 1600H Tier 4 Final portable diesel air compressor in 2020, incorporating direct customer feedback to enhance its features such as increased efficiency and reduced noise levels. Technology integration plays a crucial role in refining the new products and services offered by these companies, starting from the early stages of research and development throughout the design, engineering, and manufacturing processes.

Product Type

Market Report

No. of Pages

317

Release Date

Feb-23

Base Year

2022

Forecast Period

2023-2028

Market Size

USD 1.2 billion in 2021

Market Segments

Product Type, Lubrication Type, Airflow Type, Fuel Type, End-user Type, Geography

Region

Global

No. of Companies Mentioned

18


Several manufacturers offer IoT-connected air compressors, enabling real-time monitoring of various components. Atlas Copco, for instance, has around 100,000 IoT-connected compressors deployed across 35,000 production sites worldwide. These compressors provide a wealth of data measurements per second, offering insights into the real-time status of internal parts. Technological advancements and the development of new features are revolutionizing the global portable air compressor market, creating opportunities for market expansion in the forecast period.

Manufacturers are focusing on energy efficiency by incorporating Variable Frequency Drive (VFD) and Variable Speed Drive (VSD) technologies into their compressors. This enables significant energy savings, as exemplified by Atlas Copco’s GA 7-110 VSD+, which reduced energy consumption by approximately 50%. The adoption of energy-efficient technologies presents opportunities for manufacturers in this market.

According to the Department of Business, Energy, and Industrial Strategies report, compressed air systems account for approximately 10% of industrial electrical consumption, resulting in significant CO2 emissions. This emphasizes the need for energy-efficient electric portable air compressors, which are expected to gain traction during the forecast period.


Market Segmentation

The market is segmented based on various factors, including product type, lubrication type, airflow type, fuel type, end-user type, and geography.

Segmentation by Product Type
Reciprocating
Rotary Screw
Centrifugal
Axial

Segmentation by Lubrication Type
Oil-Injected
Oil-Free

Segmentation by Airflow Type
Below 400 CFM
400-800 CFM
Above 800 CFM

Segmentation by Fuel Type
Conventional
Electric

Segmentation by End-user Type
Manufacturing
Construction
Pharmaceutical/Healthcare
Automotive
Power Generation
Oil & Gas
Agriculture
Others

Segmentation by Geography
North America – US, Canada
Europe – Germany, France, UK, Italy, Spain
APAC – China, Japan, India, South Korea, Australia
Latin America – Brazil, Mexico, Argentina
Middle East & Africa – South Africa, Saudi Arabia, UAE

The reciprocating portable air compressors segment holds a significant revenue share of USD 623.2 million in the global portable air compressor market. This can be attributed to their widespread adoption in the manufacturing sector. Additionally, these compressors are extensively used in the oil and gas industry for operating pneumatic equipment in pipelines, oil extraction and refining, and various other processes.

In terms of end-users, the construction segment is witnessing rapid growth with a high compound annual growth rate (CAGR). This is primarily due to the increasing adoption of compressors to power pneumatic tools such as sanders, grinders, and wrenches. By 2028, the construction segment is projected to surpass USD 360.3 million.

The automotive sector is also experiencing a growing demand for portable compressors across different regions. Compressed air is used as an energy carrier in the automotive industry for various applications such as moving robotic lines, cutting and welding operations, and paint pump operations.

The Asia-Pacific (APAC) region demonstrates a high adoption rate of oil-free portable compressors, driven by the booming manufacturing and automotive industries. In 2022, APAC accounted for 37.85% of the global portable air compressor market’s revenue share.

Within the lubrication portable air compressor market, the oil-free segment is expected to grow at a higher rate of 5.56% during the forecast period. This growth is propelled by the increasing implementation of regulations to reduce emissions and the governments’ focus on environmental safety.

APAC held a significant revenue share of 47.08% in the global portable air compressor market in 2022. This can be attributed to continuous government investments in infrastructure development and rapid industrialization. The market growth is further driven by the demand for portable air compressors in various applications within the manufacturing, home, and automotive industries. Additionally, the presence of numerous compressor manufacturers in China and India is expected to contribute to industry growth in the region.

Europe and North America are projected to experience steady growth in the portable air compressor market during the forecast period. The increasing investments in infrastructure development in both regions present growth opportunities for industrial air compressors. Moreover, consumer focus on user-friendly and energy-efficient products is expected to drive industry growth.


Competitive Landscape

The portable air compressor market is a highly competitive market comprising of several prominent industry players, including Atlas Copco, Bauer Ingersoll Rand Plc, Kaeser Compressors, and Sullair LLC, among others. These companies are actively expanding their product portfolio in order to capture a larger share of the market. They are utilizing various organic and inorganic growth strategies, such as mergers and acquisitions (M&A) and collaborations, to strengthen their position in the global market.

Key companies profiled in this report include Atlas Copco, Gardner Denver, Kaeser Kompressoren, Ingersoll-Rand, Sullair, LLC, Deere & Company, Rolair Systems, Doosan Portable Power, Sullivan-Palatek Inc., Hubei Teweite Power Technology Co., Ltd., Elgi Compressors USA, Inc., CIASONS, MAT Holding, Inc., Quincy Compressor, Vanair Manufacturing, BAC Compressor, SeaComAir, JSC Remeza.


Key Questions Answered

What is the size of the portable air compressor market?

The global portable air compressor market, in terms of revenue, was valued at USD 1.16 billion in 2022 and is projected to reach USD 1.58 billion by 2028.

What is the growth rate of the portable air compressor market?

The global portable air compressor market is expected to grow at a compound annual growth rate (CAGR) of 5.35% from 2022 to 2028, based on revenue.

Who are the key players in the global portable air compressor market?

The key players in the global portable air compressor market include Atlas Copco, Gardner Denver, Kaeser Kompressoren, and Ingersoll-Rand.

What are the key factors driving the portable air compressor market?

The growing demand for energy-efficient compressors, advancements in battery technology, and an increasing focus on sustainability are significant driving factors for the global portable air compressor market.

Which region has the largest market share in the portable air compressor market?

The Asia-Pacific (APAC) region dominates the global portable air compressor market in terms of market share. It is expected to witness a CAGR of 5.95% during the forecast period. The region’s increased demand for housing has led to significant investments in new residential infrastructure and renovations, resulting in a higher consumption of pneumatic tools and driving the demand for portable air compressors in the market.

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