Oil-Lubricated Air Compressor Market Size, Share, Opportunities, And Trends By Type (Oil-Lubricated Scroll Air Compressors, Oil-Lubricated Rotary Screw Compressors, Oil-Lubricated Piston Compressors), By Oil Type (Mineral Oil, Synthetic Oil), By End-Users (Automotive, Textile, Oil & Gas, Food & Beverage, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jul 2023
- Report Code : KSI061615688
- Pages : 140
The global oil-lubricated air compressor market is expected to grow at a CAGR of 4.76% during the forecast period.
In oil-lubricated air compressors, oil plays a vital role in ensuring smooth operation and preventing overheating by providing lubrication and cooling properties. The oil-lubricated air compressor market serves various end users, including automotive, textile, oil and gas, food, and beverage among others. These industries rely on oil-lubricated air compressors for powering pneumatic tools, maintaining production efficiency, and ensuring reliable operations. Bolstering growth in major end-users has become a prominent driver propelling the expansion of the oil-lubricated air compressor industry.
The booming food and beverage sector bolsters the oil-lubricated air compressor market.
Oil-lubricated air compressors have become indispensable in the food and beverage industry, meeting the soaring demand for smooth and continuous production. These compressors power pneumatic tools and equipment, facilitating crucial operations such as mixing, blending, filling, packaging, and labelling. The increasing demand for processed food products has propelled the need for oil-lubricated air compressors. According to the April 2022 report issued by the United States Department of Agriculture, in 2021, the sales of processed fruit and vegetables in India experienced a remarkable growth of 51.43% in comparison to 2017.
The growing automotive sector drives the oil-lubricated compressor market expansion.
Oil-lubricated air compressors are crucial in automotive for manufacturing, powering pneumatic tools and systems for assembly line operations, and tasks such as painting, sanding, and tightening. They provide reliable and efficient performance, ensuring smooth functioning while preventing overheating and contributing to overall efficiency and productivity. Increasing consumer demand, coupled with technological advancements, is driving the growth of the automotive sector and fuelling the expansion of the oil-lubricated air compressor industry. According to the International Organization of Motor Vehicle Manufacturers, in 2022, Argentina witnessed a notable increase of 10.8% in commercial vehicle production compared to the previous year, reaching a total of 279,388 units.
The rise in the textile sector drives oil-lubricated air compressor market growth.
Oil-lubricated air compressors are relied upon for their ability to deliver a consistent and reliable source of compressed air, essential for powering the various textile machinery and equipment involved in spinning, weaving, dyeing, and finishing. Growing demand for textile products globally, along with recent government initiatives, has bolstered the textile industry's growth. For instance, in December 2022, the government of India has given its approval for the establishment of Seven Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) parks in both greenfield and brownfield sites. The parks will be set up with a budget of Rs. 4,445 crores over seven years, extending until 2027-28.
Asia Pacific is expected to constitute a significant market share as the region is experiencing rapid industrialization due to which there is an increasing demand for efficient compressed air systems in food processing, packaging, and automotive manufacturing. Thriving economies, such as China, India, and Southeast Asian countries, are witnessing substantial investments in infrastructure development. For instance, In June 2022, PepsiCo India announced plans to invest INR 186 crore in Uttar-Pradesh to expand its largest foods manufacturing plant, Also, according to the Census and Economic Information Centre, South Korea witnessed a notable 8.7% increase in motor vehicle production in 2022, reaching a total of 3,757,049 units, reflecting a strong growth trend compared to the previous year.
Shift toward alternative technologies restrain the oil-lubricated air compression market.
The growth of the oil-lubricated air compressor industry faces some restraints due to the emergence and increasing adoption of oil-free air compressors which offer advantages such as reduced maintenance requirements, improved air quality, and elimination of oil contamination risks. These compressors find applications in industries that prioritize clean and oil-free compressed air, such as pharmaceuticals, electronics, and food processing. As a result, the oil-lubricated air compressor market may experience competition and a certain degree of limitation due to the growing demand for oil-free alternatives. In February 2023, CompAir, a renowned global provider, unveiled its latest innovation, the DX series range of oil-free screw compressors.
- November 2021: Gardner Denver, a leading manufacturer, introduced the GD70, a new oil-lubricated piston compressor specifically designed for pressure off-loading bulk liquids, including solvents and resins. With its compact and efficient two-cylinder, single-stage design, the GD70 optimizes space utilization, allowing for the integration of other essential on-loading and off-loading equipment.
- July 2021: Ingersoll Rand Inc., a renowned global leader in mission-critical flow creation and industrial solutions, launched its latest breakthrough, the GDK Series. The GDK Series features ten new models, offering a broad range of flow rates from 0.81 m3/min to 13.41 m3/min, and is powered by Ingersoll Rand's proprietary Hybrid Permanent Magnet (HPM) motor. With a strong emphasis on efficiency, the GDK Series is thoughtfully designed to deliver exceptional performance and energy savings, providing customers with a reliable and sustainable compressed air solution.
- June 2020: Elgi Equipments introduced its new LD Series of air compressors, comprising lubricated direct drive reciprocating models. This series stands out for its exceptional attributes, including a low lifecycle cost and rapid return on investment. By offering reliable performance and efficiency, the LD Series enables businesses to optimize their operations and minimize long-term costs. Elgi's latest innovation reflects its dedication to providing high-quality air compressors that deliver value and benefits to customers.
- P2L series piston compressor: BOGE introduces the P2L series piston compressor, a robust and reliable oil-lubricated compressor designed for enduring unlimited switching frequency and operating at a 100% duty cycle. The P2L series features a direct-coupled design, ensuring efficient power transfer and enhanced performance, making it an ideal choice for applications requiring continuous and demanding compressed air supply.
- Rotary Screw Air Compressor: Indo-Air Compressors presents their Rotary Screw Air Compressor, known for its compact design, high efficiency, and low noise operation. With a simple mechanical structure, it ensures cost-effective operation and supports continuous 24-hour usage. The compressor delivers excellent quality compressed air, with an outlet oil content of less than 3ppm, making it suitable for a wide range of industries.
Oil-Lubricated Air Compressor Market Scope:
|Growth Rate||CAGR of 4.76% from 2021 to 2028|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Oil Type, End-Users, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Atlas Copco AB, Ingersoll Rand, Garden Denver, ELGi, Aerzen, KAESER COMPRESSORS INC., Indo-Air Compressors Pvt. Ltd. , BOGE|
|Customization Scope||Free report customization with purchase|
- By Type
- Oil-Lubricated Scroll Air Compressors
- Oil-Lubricated Rotary Screw Compressors
- Oil-Lubricated Piston Compressors
- By Oil Type
- Mineral Oil
- Synthetic Oil
- By End-Users
- Oil & Gas
- Food & Beverage
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. OIL-LUBRICATED AIR COMPRESSORS MARKET ANALYSIS, BY TYPE
5.2. Oil-Lubricated Scroll Air Compressors
5.3. Oil-Lubricated Rotary Screw Compressors
5.4. Oil-Lubricated Piston Compressors
6. OIL-LUBRICATED AIR COMPRESSORS MARKET ANALYSIS, BY OIL TYPE
6.2. Mineral Oil
6.3. Synthetic Oil
7. OIL-LUBRICATED AIR COMPRESSORS MARKET ANALYSIS, BY END-USERS
7.4. Oil & Gas
7.5. Food & Beverage
8. OIL-LUBRICATED AIR COMPRESSORS MARKET ANALYSIS, BY GEOGRAPHY
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.3. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Atlas Copco AB
10.2. Ingersoll Rand
10.3. Garden Denver
10.6. KAESER COMPRESSORS INC.
10.7. Indo-Air Compressors Pvt. Ltd.
Atlas Copco AB
Indo-Air Compressors Pvt. Ltd.
|Report Name||Published Month||Get Sample PDF|
|Air Compressor Market Size & Share: Industry Report, 2023-2028||Aug 2023|
|E-Compressor Market Size, Share & Trends: Report, 2023-2028||Jun 2023|
|Portable Air Compressor Market Size & Share: Report, 2023 - 2028||Jul 2023|
|Centrifugal Air Compressor Market Size & Share: Report, 2023-2028||Jun 2023|
|Oil-Free Air Compressors Market Size & Share: Report, 2023-2028||Jul 2023|