An air compressor is a device that converts electrical energy into mechanical energy, which is then used to compress air. Compressed air is used in a variety of applications, such as manufacturing, construction, and automotive repair. Stationary air compressors are designed to be fixed in a specific location and are typically used in industrial settings.
The global stationary air compressor market is expected to grow at a CAGR of 3.97% from 2022 to 2028. The growth of the market is driven by the increasing demand for compressed air in various end-use industries, such as manufacturing, construction, and automotive repair. Additionally, the growing adoption of energy-efficient air compressors is also contributing to the growth of the market.
According to Stratview Research, the stationary air compressor market size was valued at USD 67.64 billion in 2021 and it is projected to reach USD 89.22 billion by 2028, growing at a CAGR of 3.97% during the forecast period.
Trends
The following are the key trends in the global stationary air compressor market:
- Increasing demand for compressed air: The increasing demand for compressed air in various end-use industries is a major trend driving the growth of the stationary air compressor market. Compressed air is used in a wide range of applications, such as manufacturing, construction, and automotive repair. The growing demand for these products is expected to drive the growth of the stationary air compressor market in the coming years.
- Growing adoption of energy-efficient air compressors: The rising awareness about the environmental impact of air compressors is driving the adoption of energy-efficient air compressors. Energy-efficient air compressors help to reduce energy consumption and operating costs, which is expected to boost the demand for these products in the coming years.
- Growing investments in research and development activities: The key players in the stationary air compressor market are focusing on developing new and innovative air compressor technologies to meet the increasing demand from the end-users. The growing investments in research and development activities are expected to drive the growth of the market in the coming years.
- Focus on developing customized air compressors: The key players in the stationary air compressor market are focusing on developing customized air compressors to meet the specific requirements of the end-users. This is expected to create new opportunities for the market growth in the coming years.
- Growing popularity of online sales: The growing popularity of online sales is another trend driving the growth of the stationary air compressor market. Online retailers offer a wide range of air compressors at competitive prices, which is expected to boost the demand for these products in the coming years.
Forecasts
The global stationary air compressor market is expected to grow at a CAGR of 3.97% from 2022 to 2028. The growth of the market is driven by the increasing demand for compressed air in various end-use industries, such as manufacturing, construction, and automotive repair. Additionally, the growing adoption of energy-efficient air compressors is also contributing to the growth of the market.
The following are the key forecasts for the global stationary air compressor market:
- The market is expected to be dominated by the manufacturing segment in the coming years.
- The Asia Pacific region is expected to be the fastest growing market for stationary air compressors in the coming years.
- The demand for energy-efficient air compressors is expected to increase in the coming years.
- The market is expected to witness the entry of new players in the coming years.
Conclusion
The global stationary air compressor market is expected to grow at a CAGR of 3.97% from 2022 to 2028. The growth of the market is driven by the increasing demand for compressed air in various end-use industries, such as manufacturing, construction, and automotive repair. Additionally, the growing adoption of energy-efficient air compressors is also contributing to the growth of the market.