India Oil Free Air Compressor Market Size & Outlook
India oil free air compressor market, 2018-2030 (US$M)
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India oil free air compressor market highlights
- The India oil free air compressor market generated a revenue of USD 558.9 million in 2023 and is expected to reach USD 884.0 million by 2030.
- The India 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.
Oil free air compressor market data book summary
| Market revenue in 2023 | USD 558.9 million |
| Market revenue in 2030 | USD 884.0 million |
| Growth rate | 6.8% (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, India accounted for 4.5% 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 76.15% in 2024. Horizon Databook has segmented the India oil free air compressor market based on portable, stationary covering the revenue growth of each sub-segment from 2018 to 2030.
These industries require oil free air compressors for various applications, such as painting, powder coating, pneumatic conveying, and air-powered tools, to ensure product quality, production efficiency, and meet industry standards.
Oil free air compressors with advanced technologies such as variable speed drives, high-efficiency motors, and improved control systems are gaining popularity as they offer better energy efficiency, lower operating costs, and reduced environmental footprint.
Industries such as automotive, food and beverage, pharmaceuticals, and healthcare, which require clean and oil free compressed air, are driving the demand for oil free air compressors in India. These industries have stringent requirements for air quality and purity, and oil free air compressors are preferred for their ability to meet these requirements.
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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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India oil free air compressor market size, by product, 2018-2030 (US$M)
India Oil Free Air Compressor Market Outlook Share, 2024 & 2030 (US$M)
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