Industry: Construction & Manufacturing | Publish Date: 20-Jun-2024 | No of Pages: 143 | No. of Tables: 108 | No. of Figures: 73 | Format: PDF | Report Code : N/A
The Japan Air Compressor Market size was valued at USD 1.54 billion in 2023, and is projected to reach USD 2.58 billion by 2030, at a CAGR of 7.2% from 2024 to 2030. In terms of volume, the market size was 66 thousand units in 2023, and is projected to reach 138 thousand units by 2030, with a CAGR of 10.6% from 2024 to 2030.
An air compressor is an essential mechanical device used across various industries to generate compressed air, that is vital for many applications. It primarily converts power from sources such as electric motors or diesel engines into potential energy stored as compressed air. This pressurized air is then used to power pneumatic tools and equipment, inflate tires, supply air to HVAC systems for climate control, and support industrial processes such as spray painting and packaging. Essentially, an air compressor provides a reliable source of compressed air, crucial for a wide range of tasks and operations in diverse business and industrial environments.
Japan, being a significant player in pharmaceutical production, maintains a consistent demand for air compressors to support essential processes such as maintaining sterile conditions, powering pneumatic tools for manufacturing tasks, and facilitating cleaning and sterilization.
According to the International Trade Administration report 2022, Japan ranks as the third-largest pharmaceutical market in the world, generating around USD 106 billion in 2021. The presence of a large pharmaceutical industry in the country creates a prospective environment for the growth of the air compressor market to support large-scale pharmaceutical manufacturing and operations.
The escalating growth of the automotive industry in Japan further propels the demand for air compressors for powering pneumatic tools used in various manufacturing processes, such as paint application, assembly, and tire inflation. According to the International Trade Administration report 2024, Japan ranks as the fourth largest automotive market in the world after China, the United States, and India.
Japan is known as a global leader in motor vehicle manufacturing, with around 3,448,272 new passenger vehicles sold in 2022. Air compressors are integral in enhancing productivity and efficiency on automotive assembly lines, making them a critical component in the growth of the automotive industry.
The initial cost of air compressors, coupled with the need for regular maintenance such as filter changes, lubrication, and inspections, adds to the total cost of ownership. This financial burden serves as a limiting factor for the growth of the air compressor market. As a result, small and medium-sized businesses often hesitate to invest in new air compressor systems or upgrade their existing ones and it is slowing down the market expansion.
The incorporation of IoT sensors and cloud platforms into air compressors is poised to unlock future growth opportunities within the air compressor market. This integration facilitates remote monitoring, predictive maintenance, and performance optimization of compressors. IoT sensors, embedded within air compressors, continuously gather real-time data on critical parameters such as temperature, pressure, and energy consumption.
Subsequently, this data is transmitted to cloud platforms where advanced analytics algorithms analyse it to identify potential issues, forecast maintenance requirements, and enhance compressor operations. Through harnessing IoT and cloud technologies, organizations can minimize downtime, improve equipment reliability, and optimize energy usage, thereby fueling demand for intelligent air compressor solutions and stimulating market expansion.
The market players operating in the Japan air compressor industry include Atlas Copco Group, Ingersoll-Rand PLC, Hitachi Ltd., Siemens Energy AG, Kaeser Kompressoren, MAT Holding, Inc., Elgi Equipment Limited, Sulzer Ltd., Mitsubishi Heavy Industries, Ltd., and Anest Iwata, among others.
Portable
Stationary
Rotary Screw
Centrifugal
Reciprocating
Oil-Free
Oil-Injected/Flooded
0-100 kW
101-300 kW
301-500 kW
501 kW & Above
Air Cooled
Water Cooled
Manufacturing
Construction
Oil & Gas
Healthcare
Others
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 1.54 Billion |
Revenue Forecast in 2030 |
USD 2.58 Billion |
Growth Rate |
CAGR of 7.2% from 2024 to 2030 |
Market Volume in 2023 |
66 thousand Units |
Unit Forecast in 2030 |
138 thousand Units |
Volume Growth Rate |
CAGR of 10.6% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
|
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
Atlas Copco Group
Ingersoll-Rand PLC
Hitachi Ltd.
Siemens Energy AG
Kaeser Kompressoren
MAT Holding, Inc.
Elgi Equipment Limited
Sulzer Ltd.
Mitsubishi Heavy Industries, Ltd.
Anest Iwata