1.Market size and growth
China is one of the largest air compressor markets in the world,and sales volume continues to grow.According to some industry reports,in recent years,the annual sales volume of Chine's air compressor market has remained at a high level.In 2022,the size of China's aircompressor market is about 50 billion yuan,and it is expected to continue to grow in the next few years,with an averge annual growth rate of between 5%and 8%
With the advancement of industrial automation and equipment intelligence,as well as the improvement of energy efficiency and environmental protection requirements,more and more enterprises have to begun upgrade or replace old air compressor equipment,which has promoted the growth of market demand.
2.Distribution of sales volume
There is a certain difference in the sales volume of air compressors between different types of equipment:
①Screw air compressor: Is still the mainstream of the market,accounting for 60% to 70% of domestic air compressor sales.This type of air compressor is widely used in manufacturing and energy fields because of its high stability,good efficiency and simple maintenance.
②piston air compressor:It is mainly used for small scale industrial applications.In recent years,the market demand has been relatively low,but it still accounts for a certain share,especially in some small enterprises.
③Oil-free air compressor:With the improvement of environmental protection and air quality requirements,the market share of oil-free compressors is rising steadily,espacially in food,pharmaceuticals,electronics and other industries with high requirements for air purity.
④Variable frequency air compressor:With the increasing pressure of energy saving and emission reduction,the demand for variable frequency air compressors is increasing.Because of its energy-saving and environmental protection characteristics,variable-frequency air compressors are increasingly favored by large enterprise,especially those with high requirement for energy efficiency.
3.Market demand drivers
Industrial upgrading and intelligent manufacturing:China's manufacturing industry is undergoing transformation and upgrading,and the degree of automation is improving,which has promoted the demand for efficient and intelligent air compressors.
Stricterness of environmental protection regulations:With the increasingly strict national environmentalprotection policies,the demand for low-carbon and environmentally friendly air compressor equipment has increased,especially in industries with strict requirement for air compressors and variable frequencu air compressors has gradually increased.
Rising energy costs:Rising energy costs have promoted the demand of industrial enterprises for energy-saving equipment.Variable frequency air compressors have become improtant choices for enterprises to reduce operating costs.
4.Market competition
The competition in China's air compressor market is increasingly fierce.The main competitors include well-known international brands(such as Atlas Copco in Switzerland,Kaeser in Germany,Ingersoll Rand(IR),Codebao,Fujihao,Kubota,Hangzhou air compressor,etc.).Although international brands occupy a large share in the high-end market,with the continuous improvement of local brand technology,more and more Chinese brands also occupy a large share in the middle and low-end markets.
5.Future development
With the futher adjustment of China's economic structure,especially the transformation and upgrading of the manufacturing industry,the demand for the air compressor market will continue to grow.Especially in the direction of intelligence,digitalization,energy saving and environmental protection,domestic air compressor enterprises will face more opportunies.
Generally speaking,China's air compressor market is still in the growth stage,and with the promotion of technological upgrading and environmental protection policies,the industry competition will become more and more fierce. The market will continue to expand steadily in the next few years,especially the demand for efficient ,intelligent and green air compressor equipment will increase significantly.
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