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The rotary technology type in stationary air compressor market is expected to observe 3% growth during 2023 to 2032. This is owing to surging product consumption, particularly in the manufacturing sector, due to its high efficiency, high capacity, and low maintenance costs. The segment is further divided into screw, scroll, and other types of rotary stationary air compressors.
The oil-filled stationary air compressor industry size is slated to cross USD 64.5 billion by 2032. This is attributable to the promising durability and low cost of these compressors. The oil-filled or oil-lubricated air compressors can also deliver large volumes at high power, rendering them a preferable choice for heavy-duty operations, such as manufacturing facilities, oil rigs, automotive and so on.
The manufacturing sector is primed to witness 3.5% gains between 2023 and 2032. Manufacturing enterprises are actively engaging in innovating efficient, dependable and high-speed solutions due to the growing population. Favorable government investments and developing economies, including China and India, are experiencing massive expansion in this sector. Moreover, the espousal of robotics & automation, IoT, cloud computing and digital transformation to propel segment expansion.
North America stationary air compressor market is projected to be valued at USD 36 billion by 2032. The U.S. constitutes over 6% of the worldwide share for exports of refrigerators and freezers, while the food & beverage sector is driven by the progression of several packaged food and refrigerated warehouse industries in the nation. The region’s position as the world's top producer and importer of oil and gas, along with growing unconventional development in the U.S., is speculated to foster the regional demand for these compressors by 2032.