Brazil Oil Free Air Compressor Market Size & Outlook
Brazil oil free air compressor market, 2018-2030 (US$M)
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Brazil oil free air compressor market highlights
- The Brazil oil free air compressor market generated a revenue of USD 589.6 million in 2023 and is expected to reach USD 800.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.5% 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.
Oil free air compressor market data book summary
| Market revenue in 2023 | USD 589.6 million |
| Market revenue in 2030 | USD 800.7 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Stationary |
| Fastest growing segment | Portable |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 4.8% of the global oil free air compressor market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil oil free air compressor market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 65.9 million by 2030.
Stationary was the largest segment with a revenue share of 54.12% in 2023. Horizon Databook has segmented the Brazil 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 becoming more popular due to their capacity to reduce energy and maintenance expenses, as well as their environmental imprint and contamination. The need for compressed air is increasing in Brazil, owing primarily to the expansion of industrial operations.
As per December 2022, the Brazilian government had invited foreign investment in infrastructure and renewable energy. As part of its concession program, the government targeted sectors such as railway and marine networks, electricity, and sanitation for investment.
The modernization of transport links was considered an urgent requirement in a country as large as Brazil, with a significant population, to facilitate the commuting of individuals and the transportation of goods and food.
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Oil Free Air Compressor Market Scope
Oil Free Air Compressor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil oil free air compressor market size, by product, 2018-2030 (US$M)
Brazil Oil Free Air Compressor Market Outlook Share, 2023 & 2030 (US$M)
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