Latin America Oil Free Air Compressor Market Size & Outlook
Latin America oil free air compressor market, 2018-2030 (US$M)
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Latin America oil free air compressor market highlights
- The Latin America oil free air compressor market generated a revenue of USD 698.7 million in 2023.
- The market is expected to grow at a CAGR of 4.6% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 698.7 million |
| Market revenue in 2030 | USD 954.9 million |
| Growth rate | 4.6% (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, Latin America region accounted for 5.7% 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 54.33% in 2023. Horizon Databook has segmented the Latin America oil free air compressor market based on portable, stationary covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for oil free air compressors in Central and South America has been growing in recent years due to increased awareness of the negative impact of oil-contaminated air on health, safety, and environmental concerns.
The use of oil free air compressors is particularly prevalent in industries such as food and beverage, pharmaceuticals, and electronics, where high-quality compressed air is essential for the manufacturing process.
They are also investing in research and development to improve the efficiency and performance of their products. Local players are also emerging to cater to the demand for oil free air compressors in the region. For instance, in 2021, Schulz introduced Brazil's first oil free piston compressor that incorporates a frequency inverter.
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Oil Free Air Compressor Market Scope
Oil Free Air Compressor Market Companies
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Latin America oil free air compressor market size, by country, 2018-2030 (US$M)
Latin America Oil Free Air Compressor Market Outlook Share, 2023 & 2030 (US$M)
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