Asia Pacific Oil Free Air Compressor Market Size & Outlook
Asia Pacific oil free air compressor market, 2018-2030 (US$M)
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Asia Pacific oil free air compressor market highlights
- The Asia Pacific oil free air compressor market generated a revenue of USD 3,701.3 million in 2023.
- The market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, stationary was the largest revenue generating product in 2023.
- Portable is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,701.3 million |
| Market revenue in 2030 | USD 5,857.9 million |
| Growth rate | 6.8% (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 |
| Key market players worldwide | Atlas Copco AB Class A, Hanwha, Ingersoll Rand Inc, Kaeser Kompressoren, Doosan Fuel Cell Ordinary Shares, Hitachi Ltd, Anest Iwata |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.9% of the global oil free air compressor market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,857.9 million by 2030.
Stationary was the largest segment with a revenue share of 63.06% in 2023. Horizon Databook has segmented the Asia Pacific oil free air compressor market based on portable, stationary covering the revenue growth of each sub-segment from 2018 to 2030.
The applications of oil free air compressors are spread over a wide variety of industries. As they do not rely on oil lubrication, the oil free air compressors are best suitable for food processing & packing, pharmaceutical & drug manufacturing, healthcare & medical facilities, production of electronics, and many other industries.
They are installed in facilities that require high-quality compressed air without the possibility of contamination ensuring clean air output. Asia Pacific region has several countries with emerging economies, including China, India, and some Southeast Asian countries.
The oil free air compressors play a key role in these industries and their demand is expected to grow in these developing regions in the coming years. Asia Pacific has a growing healthcare industry with increasing demand for medical facilities.
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Oil Free Air Compressor Market Scope
Oil Free Air Compressor Market Companies
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Asia Pacific oil free air compressor market size, by country, 2018-2030 (US$M)
Asia Pacific Oil Free Air Compressor Market Outlook Share, 2023 & 2030 (US$M)
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