Global Rotary Scroll Air Compressor Market

Rotary Scroll Air Compressor Market Size, Share, Growth Analysis, By Lubrication(Oil-Free, and Oil-Filled), By Application(Home Appliances, Food & Beverage, Medical & Pharmaceuticals, Automotive & Transportation), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20I2256 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 65

Rotary Scroll Air Compressor Market Insights

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.

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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).

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 footprint by establishing distribution networks and production facilities in key regions. 'MITSUBISHI HEAVY INDUSTRIES LTD. (Japan)', 'ELGI EQUIPMENTS LIMITED (India)', 'SUZLER LTD. (UK)', 'VMAC GLOBAL TECHNOLOGY INC. (Canada)', 'PORTER CABLE (US)', 'ATLAS COPCO AB (Sweden)', 'EBARA CORPORATION (Japan)', 'KIRLOSKAR PNEUMATIC COMPANY LIMITED (India)', 'KOBE STEEL LTD. (Japan)', 'INGERSOLL-RAND PLC (US)'

One major market driver for rotary scroll air compressors is their high energy efficiency. These compressors are designed to minimize energy consumption while providing reliable compressed air, making them attractive to industries striving to reduce operational costs and meet stringent environmental regulations.

Industry 4.0 Integration : One major key market trend in the rotary scroll air compressor industry is the integration of Industry 4.0 technologies. Manufacturers are increasingly incorporating smart sensors, data analytics, and IoT connectivity into their compressor systems. This trend allows for real-time monitoring, predictive maintenance, and remote control, optimizing efficiency and reducing downtime, aligning with the broader industrial automation and digitalization movement.

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.

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Global Rotary Scroll Air Compressor Market

Report ID: SQMIG20I2256

$5,300
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