Market revenue in 2023 | USD 260.5 million |
Market revenue in 2030 | USD 404.4 million |
Growth rate | 6.5% (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 |
Stationary was the largest segment with a revenue share of 76.05% in 2024. Horizon Databook has segmented the South Korea oil free air compressor market based on portable, stationary covering the revenue growth of each sub-segment from 2018 to 2030.
In South Korea, a shift towards digitalization and smart technologies is expected to drive the demand for oil free air compressors. Compressors equipped with advanced control systems, remote monitoring, and predictive maintenance capabilities are gaining prominence as they help optimize performance, improve reliability, and reduce downtime in the production process.
Increasing demand from key industries: Industries such as automotive, electronics, food and beverage, and pharmaceuticals, which require clean and oil free compressed air, are driving the demand for oil free air compressors in South Korea.
Compressors with advanced energy-saving technologies such as variable speed drives (VSD), which adjust the compressor's speed according to the demand, are gaining traction as they offer better energy efficiency and help reduce operating costs.
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account