South Africa Oil Free Air Compressor Market Size & Outlook
South Africa oil free air compressor market, 2018-2030 (US$M)
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South Africa oil free air compressor market highlights
- The South Africa oil free air compressor market generated a revenue of USD 280.6 million in 2023 and is expected to reach USD 357.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.5% 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 280.6 million |
| Market revenue in 2030 | USD 357.1 million |
| Growth rate | 3.5% (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, South Africa accounted for 2.3% 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 54.85% in 2024. Horizon Databook has segmented the South Africa 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 increasingly popular in many parts of the world, including South Africa, as they provide a more sustainable and energy-efficient alternative to traditional oil-lubricated compressors.
In particular, industries such as food and beverage processing, pharmaceutical manufacturing, and electronics production require high-quality compressed air that is free from oil contamination, and oil free compressors are the preferred choice in such applications.
As for government policies, South Africa has implemented various regulations and initiatives aimed at promoting energy efficiency and reducing carbon emissions. For instance, the National Energy Efficiency Strategy (NEES) aims to reduce energy consumption and greenhouse gas emissions by improving the energy efficiency of buildings, transportation, and industrial processes.
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Oil Free Air Compressor Market Scope
Oil Free Air Compressor Market Companies
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South Africa oil free air compressor market size, by product, 2018-2030 (US$M)
South Africa Oil Free Air Compressor Market Outlook Share, 2024 & 2030 (US$M)
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