USD 3405.65 Million
Report ID:
SQMIG20I2256 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
65
Global Rotary Scroll Air Compressor Market size was valued at USD 3405.65 Million in 2022 and is poised to grow from USD 3746.21 Million in 2023 to USD 5026.10 Million by 2031, at a CAGR of 10% during the forecast period (2024-2031).
In recent years, the global market for rotary scroll air compressors has exhibited steady growth, driven by increasing demand from various industries such as manufacturing, automotive, and construction. The adoption of energy-efficient and environmentally friendly compressors has gained prominence due to stricter environmental regulations and a growing emphasis on sustainability.
Additionally, advancements in compressor technology have led to quieter and more reliable systems, further boosting their appeal to end-users. As businesses across the globe focus on optimizing their operations, rotary scroll air compressors have become essential components in ensuring a reliable and uninterrupted supply of compressed air for various applications.
Moreover, emerging markets are showing a rising interest in these compressors, contributing to the overall expansion of the market. However, competitive pricing and market consolidation among key players continue to shape the landscape, with innovation remaining a key differentiator in this evolving industry.
Global Market Size
USD 3405.65 Million
Largest Segment
Automotive & Transportation
Fastest Growth
Automotive & Transportation
Growth Rate
10% CAGR
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The global rotary scroll air compressor market is segmented on the basis of lubrication, application, and region. Based on lubrication the market is segmented as oil-free, oil-filled. On the basis of application the market is segmented as home appliances, food & beverage, medical & pharmaceuticals, automotive & transportation, biotechnology. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Lubrication
Oil-Free rotary scroll air compressors have emerged as the dominating choice in recent years.Their ascendancy is attributed to their eco-friendliness, reduced maintenance costs, and compliance with stringent environmental regulations. Industries are increasingly favoring oil-free compressors to avoid potential contamination of compressed air and to ensure cleaner, higher-quality end products.
Moreover, oil-Free rotary scroll air compressors are also the fastest-growing segment within the market. This surge in popularity is driven by a global shift toward sustainability and a heightened focus on energy efficiency. Businesses are embracing oil-free compressors to reduce their carbon footprint, minimize oil disposal costs, and meet sustainability targets. Additionally, innovations in oil-free compressor technology have improved performance and reliability, further fueling their rapid adoption.
Analysis by Application
The automotive & transportation sector dominates the rotary scroll air compressor market due to its widespread use in vehicle manufacturing, from air conditioning systems to pneumatic tools. The demand for efficient air compressors in this industry is driven by the constant need for compressed air in manufacturing processes, leading to a consistent market presence.
However, the medical & pharmaceuticals sector is the fastest growing application due to increased precision and hygiene requirements. Scroll air compressors are favored for their oil-free and contaminant-free air production, crucial for medical devices and pharmaceutical production. Growing healthcare needs, coupled with stringent quality standards, have accelerated the adoption of scroll compressors in this industry, making it the fastest growing segment.
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North America dominates the worldwide rotary scroll air compressor market, normally due to its nicely-set up industrial base, technological advancements, and a strong awareness on power efficiency. The place's stringent environmental policies have pushed the adoption of advanced air compressors. Moreover, the presence of key gamers and a mature marketplace infrastructure further solidify North America's leading position.
However, Asia Pacific is the quickest-developing vicinity within the rotary scroll air compressor market. This increase can be attributed to the rapid industrialization and infrastructure development in countries like China and India. The growing manufacturing sports, coupled with the need for efficient compressed air solutions, have spurred calls for. Additionally, rising consciousness of power conservation and the shift towards sustainable practices in emerging economies make contributions to the extremely good increase within the Asia Pacific region.
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Drivers
Energy Efficiency
Restraints
Initial Capital Investment
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The competitive landscape in the rotary scroll air compressor market is characterized by intense rivalry among several prominent players. These companies continually strive to gain a competitive edge through product innovation, technological advancements, and strategic collaborations. Market players focus on expanding their global footprint by establishing distribution networks and production facilities in key regions.
Additionally, a strong emphasis on research and development initiatives to enhance compressor efficiency, reduce environmental impact, and meet evolving customer demands remains a prominent feature of this competitive landscape. Market participants also adapt to changing market dynamics, including shifts in customer preferences and the emergence of new market segments, to maintain their market presence and relevance.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global rotary scroll air compressor market analysis, the market has witnessed steady growth in recent years, driven by a combination of factors such as increased industrialization, rising demand for energy-efficient compressors, and stringent environmental regulations.
Key players in the industry have focused on product innovation and the development of more sustainable and efficient compressor systems to cater to a diverse range of applications across various sectors. North America has traditionally dominated the market, primarily due to its well-established industrial base and a strong emphasis on technological advancements.
Looking ahead, the rotary scroll air compressor market is poised for further expansion. Asia Pacific is expected to exhibit the fastest growth, driven by the rapid industrialization in emerging economies, especially China and India. The adoption of Industry 4.0 technologies will continue to gain traction, offering opportunities for enhanced efficiency and predictive maintenance.
Moreover, as environmental concerns intensify, demand for eco-friendly compressor solutions is likely to surge, paving the way for the development of more sustainable and environmentally conscious compressor technologies. Collaboration between key players and investment in research and development will play a pivotal role in shaping the future of this market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3405.65 Million |
Market size value in 2031 | USD 5026.10 Million |
Growth Rate | 10% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Rotary Scroll Air Compressor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Rotary Scroll Air Compressor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Rotary Scroll Air Compressor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Rotary Scroll Air Compressor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20I2256
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