The UK Air Compressor Market by Type (Portable and Stationary), by Technology (Rotary Screw, Centrifugal, and Reciprocating), by Lubrication Type (Oil-Free, and Oil-Injected/Flooded), by Power Rating (0-100 Kw, 101-300 Kw, 301-500 Kw, and 501 Kw & Above), by Cooling Method (Air Cooled and Water Cooled), and by Industry Vertical (Manufacturing, Construction, Oil & Gas, Healthcare, and Others) –Opportunity Analysis and Industry Forecast, 2024– 2030
Industry: Construction & Manufacturing | Publish Date: 19-Jun-2024 | No of Pages: 143 | No. of Tables: 108 | No. of Figures: 73 | Format: PDF | Report Code : N/A
The UK Air Compressor Market Overview
The UK Air Compressor Market size was valued at USD 631 million in 2023, and is projected to reach USD 786.7 million by 2030, at a CAGR of 2.7% from 2024 to 2030. In terms of volume, the market size was 23 thousand units in 2023, and is projected to reach 36 thousand units by 2030, with a CAGR of 5.8% 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 like 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.
Growing Construction Industry Creates Demand for the UK Air Compressor Market
The use of pneumatic tools such as nail guns, jackhammers, and concrete vibrators in the construction industry, led to an increasing demand for air compressors to improve the efficiency and operations. According to the latest report from the Office for National Statistics, the value of new construction work in the UK increased by 15.8% in 2022, reaching approximately USD 141.85 billion.
This growth was driven by an increase of USD 15.03 billion in private sector work and USD 4.34 billion in public sector projects. The surge in construction activities across the country has consequently amplified the need for air compressors for tasks such as sandblasting, painting, and powering air-powered machinery.
Expanding Pharmaceutical Sector Fuels, the Need for High-Quality Air Compressors
The growing pharmaceutical industry in the UK is driving the air compressor market demand, which are essential for maintaining aseptic conditions, cleaning, and sterilizing pharmaceutical facilities to meet stringent quality and safety standards.
According to the 2024 report by the Association of British Pharmaceutical Industry, the total turnover of the UK's pharmaceutical industry is approximately USD 42.61 billion, with an export value of around USD 27.7 billion. As the pharmaceutical sector continues to expand and its export value increases, the need for reliable and high-quality air compressor systems is also rising due to their crucial role in manufacturing processes.
High Initial and Maintenance Costs Hinders the Air Compressor Market Growth
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 UK air compressor market expansion.
The Integration of IoT Sensors and Cloud Platforms is Expected to Create Ample Opportunities for the UK Air Compressor Market Growth
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.
Competitive Landscape
The market players operating in the UK 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., Anest Iwata and others.
The UK Air Compressor Market Key Segments
By Type
-
Portable
-
Stationary
By Technology
-
Rotary Screw
-
Centrifugal
-
Reciprocating
By Lubrication Type
-
Oil-Free
-
Oil-Injected/Flooded
By Power Rating
-
0-100 kW
-
101-300 kW
-
301-500 kW
-
501 kW & Above
By Cooling Method
-
Air Cooled
-
Water Cooled
By Industry Vertical
-
Manufacturing
-
Construction
-
Oil & Gas
-
Healthcare
-
Others
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 631 Million |
|
Revenue Forecast in 2030 |
USD 786.7 Million |
|
Growth Rate |
CAGR of 2.7% from 2024 to 2030 |
|
Market Volume in 2023 |
23 thousand units |
|
Unit Forecast in 2030 |
36 thousand units |
|
Volume Growth Rate |
CAGR of 5.8% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (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. |
KEY PLAYERS
-
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
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