China Oil Free Air Compressor Market Size & Outlook
China oil free air compressor market, 2018-2030 (US$M)
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China oil free air compressor market highlights
- The China oil free air compressor market generated a revenue of USD 1,852.0 million in 2023 and is expected to reach USD 3,029.4 million by 2030.
- The China market is expected to grow at a CAGR of 7.3% 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 1,852.0 million |
| Market revenue in 2030 | USD 3,029.4 million |
| Growth rate | 7.3% (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, China accounted for 15.0% 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 Asia Pacific, China oil free air compressor market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,029.4 million by 2030.
Stationary was the largest segment with a revenue share of 55.91% in 2023. Horizon Databook has segmented the China oil free air compressor market based on portable, stationary covering the revenue growth of each sub-segment from 2018 to 2030.
China has a significant industrial sector with diverse applications that may drive demand for oil free air compressors in the country. China is a major hub for electronics manufacturing, including the production of semiconductors, microchips, and other electronic components. The electronics industry requires clean and oil free compressed air for sensitive manufacturing processes.
With the increasing demand for electronic products and the growth of the electronics manufacturing sector in China, there may be a corresponding demand for oil free air compressors to meet the stringent requirements for compressed air quality.
In addition, the pharmaceutical industry in China has been growing significantly, driven by an aging population and increasing healthcare spending. Oil free air compressors are crucial for maintaining the quality and purity of compressed air used in pharmaceutical manufacturing, as they help prevent oil contamination in the production process.
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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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China oil free air compressor market size, by product, 2018-2030 (US$M)
China Oil Free Air Compressor Market Outlook Share, 2023 & 2030 (US$M)
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