Global Oil Free Air Compressor Market Size & Outlook
Global oil free air compressor market, 2018-2030 (US$M)
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Global oil free air compressor market highlights
- The global oil free air compressor market generated a revenue of USD 12,358.6 million in 2023 and is expected to reach USD 17,278.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.9% by 2030.
- In terms of segment, stationary accounted for a revenue of USD 7,121.4 million in 2023.
- Portable is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 12,358.6 million |
| Market revenue in 2030 | USD 17,278.2 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Stationary |
| Fastest growing segment | Portable |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Portable, Stationary |
Other key industry trends
- In terms of revenue, the North America accounted for 23.4% of the global oil free air compressor market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 357.1 million by 2030.
Stationary was the largest segment with a revenue share of 57.62% in 2024. Horizon Databook has segmented the Global oil free air compressor market based on portable, stationary covering the revenue growth of each sub-segment from 2018 to 2030.
Oil free air compressors are used in power generation, petroleum, chemicals, and manufacturing industries in a number of applications. As these industries have adopted cost-effective manufacturing techniques to overcome the drawbacks of traditional production methods, the demand for energy efficient compressors from them is high owing to improved energy distribution and cost-effectiveness offered by these compressors.
Moreover, governments of different countries across the world have introduced stringent environmental regulations, it has further increased the demand for energy-efficient oil free air compressors used in different industries.
End users prefer replacing their on-and-off control compressors with variable-speed drive (VSD)-based control systems, which ensure the required flow and keep the pressure in pipes stable for energy-efficient air compression. Variable-speed drive-based oil free air compressors also help in leakage detection and reduce compressor motor service requirements by extending the service cycle of these motors.
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Oil Free Air Compressor Market Scope
Oil Free Air Compressor Market Companies
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Global oil free air compressor market size, by regions, 2018-2030 (US$M)
Top 10 countries: Oil free air compressor market size, 2024 (US$M)
Global oil free air compressor market share, by product, 2024 & 2030 (%, US$M)
Oil free air compressor market: Opportunity assessment by country
Global oil free air compressor market, by region, 2024 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,637.5 | 2,733.8 | 2,687.5 | 2,707.8 | 2,805.3 | 2,891.2 | 2,967.9 | 3,071.3 | 3,184.9 | 3,310.4 | 3,413.7 | 3,532.5 | 3,688.7 | 3.7% |
| Europe | 3,495.8 | 3,620.4 | 3,556.1 | 3,579.7 | 3,701.2 | 3,806.6 | 3,974.0 | 4,154.0 | 4,348.6 | 4,511.6 | 4,699.1 | 4,899.8 | 5,106.9 | 4.2% |
| Asia Pacific | 2,932.4 | 3,127.8 | 3,163.3 | 3,278.0 | 3,491.8 | 3,699.1 | 3,929.4 | 4,177.9 | 4,450.5 | 4,750.8 | 5,069.5 | 5,428.3 | 5,819.1 | 6.9% |
| Latin America | 633.4 | 657.3 | 646.9 | 652.6 | 676.8 | 698.3 | 745.7 | 772.7 | 802.2 | 834.9 | 883.0 | 943.3 | 993.5 | 5.2% |
| MEA | 1,090.5 | 1,141.5 | 1,133.4 | 1,153.4 | 1,206.9 | 1,256.4 | 1,261.5 | 1,269.1 | 1,280.4 | 1,344.6 | 1,438.3 | 1,514.2 | 1,591.1 | 4.6% |
| Overall | 10,789.5 | 11,280.8 | 11,187.2 | 11,371.4 | 11,882.1 | 12,351.5 | 12,878.5 | 13,444.9 | 14,066.6 | 14,752.3 | 15,503.5 | 16,318.1 | 17,199.2 | 5.1% |
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