Saudi Arabia Oil Free Air Compressor Market Size & Outlook
Saudi Arabia oil free air compressor market, 2018-2030 (US$M)
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Saudi Arabia oil free air compressor market highlights
- The Saudi Arabia oil free air compressor market generated a revenue of USD 490.0 million in 2023 and is expected to reach USD 644.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4% 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 490.0 million |
| Market revenue in 2030 | USD 644.3 million |
| Growth rate | 4% (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, Saudi Arabia accounted for 4.0% 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 Middle East & Africa, Saudi Arabia oil free air compressor market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 644.3 million by 2030.
Stationary was the largest segment with a revenue share of 54.1% in 2023. Horizon Databook has segmented the Saudi Arabia oil free air compressor market based on portable, stationary covering the revenue growth of each sub-segment from 2018 to 2030.
In addition, many companies are adopting new technologies such as magnetic bearings and permanent magnet motors, which eliminate the need for lubrication and reduce friction, resulting in less energy consumption and increased durability. This technology can significantly reduce costs, while also improving the performance and reliability of compressed air systems.
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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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Saudi Arabia oil free air compressor market size, by product, 2018-2030 (US$M)
Saudi Arabia Oil Free Air Compressor Market Outlook Share, 2023 & 2030 (US$M)
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