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Report

Vietnam Air Compressor Market Report and Forecast 2025-2034

Market Report I 2025-06-06 I 137 Pages I EMR Inc.

The Vietnam air compressor market was valued at USD 377.97 Million in 2024. The industry is expected to grow at a CAGR of 4.20% during the forecast period of 2025-2034 to attain a valuation of USD 570.34 Million by 2034.

Vietnam Air Compressor Market Growth

Rapid industrialisation in the country, increased adoption of energy-efficient air compressors, and favourable government initiatives supporting the manufacturing sector are some of the major market drivers. The growing emphasis on energy efficiency and sustainability is driving industrial sectors to adopt energy-efficient air compressors, thereby decreasing operational costs and minimising environmental impact. Air compressors are becoming essential equipment across various industries like food and beverage production, healthcare, and oil and gas extraction. This expanding range of uses is driving market growth and stability. Additionally, the expanding oil and gas sector is a significant consumer of air compressor and hence boosts the Vietnam air compressor market revenue.

The integration of IoT (Internet of Things) and smart technologies in air compressor systems has revolutionised various end-use sectors drawing them towards these cutting-edge solutions. This integration offers a wide range of benefits including enhanced monitoring, maintenance, and efficiency, among others. Moreover, the growing popularity of portable and compact air compressors, especially in small-scale businesses and DIY projects reflects the changing preferences of consumers in the country which influences Vietnam air compressor market dynamics and trends.

Key Trends and Recent Developments

Growth in consumer industries, focus on energy efficiency and rise in domestic manufacturing are providing several Vietnam air compressor market opportunities

August 2024

Carrier marked a new milestone in Vietnam with the launch of XCT7, the latest generation of its variable refrigerant flow (VRF) technology. The new variant is expected to include improved reliability, enhanced system performance, high efficiency, a large operating range, easy installation, and incredible flexibility.

April 2024

ZF reveals an electric high-speed air compressor for fuel-cell-powered M&HCVs. As part of ZF's latest drive towards the decarbonisation of the commercial vehicle industry, ZF group's Commercial Vehicle Solutions (CVS) division has announced the world premiere of a key next-generation eMobility product.

October 2023

From October 26 to 28, 2023, the Vietnam Society of Refrigeration and Air Conditioning Engineer (VISRAE) collaborated with IBC International Branding and Communications Joint Stock Company (IBC) to organise a series of international events: Cleanroom, HVACR and High-tech Factory Cleanfact & Resat Expo 2023.

Growth in consumer industries

Vietnam is transitioning from an agriculture reliant economy to an industrial economy, therefore the demand for compressed air across various sectors such as manufacturing, construction, and automotive - is surging. As the industries are witnessing prominent growth, populations are moving to urban areas, creating larger markets for goods and services, and stimulating further economic activity.

Domestic manufacturing is on the rise

The Vietnamese government is actively encouraging local manufacturing to decrease dependence on imports and strengthen the national economy. Domestic producers frequently provide more competitive prices than imported goods. Additionally, local manufacturers have the ability to customize products to meet the specific needs and preferences of customers thereby propelling the growth of the Vietnam air compressor market.

Growth of after-sales services

As customers become increasingly reliant on the consistent performance of their equipment, the significance of after-sales services and maintenance is growing. There is also increased customer awareness regarding the advantages of timely maintenance services. Regular maintenance ensures optimal performance and minimizes downtime, leading to increased productivity. Routine inspections also allow for early detection of potential safety hazards.

Focus on energy efficiency

Reflecting on the global focus on sustainability, businesses and end users are increasingly adopting eco-friendly practices and demand for energy-saving air compressor systems for their organisations. To meet these demands, companies and market players are investing in innovative technologies that lower energy consumption levels and reduce operating expenses.

Vietnam Air Compressor Industry Segmentation

"Vietnam Air Compressor Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

- Stationary
- Portable

Market Breakup by Product

- Reciprocating
- Rotary/Screw
- Centrifugal

Market Breakup by Lubrication

- Oil Free
- Oil Filled

Market Breakup by Power Range

- Up To 100 kW
- 101-300 kW
- 301-500 kW
- Over 500 kW

Market Breakup by Application

- Health and Medical
- Oil and Gas
- Home Appliances
- Food and Beverage
- Manufacturing
- Energy
- Others

Market Breakup by Region

- Southeast
- Red River Delta
- Mekong River Delta
- South Central Coast
- Others

Vietnam Air Compressor Market Share

Based on application, the market is divided into health and medical, oil and gas, home appliances, food and beverage, manufacturing, and energy, among others. The manufacturing sector accounts for a major market share as air compressors are essential for providing power to pneumatic tools, controlling processes, and maintaining air quality in production environments. Additionally, manufacturers often look for reliable and efficient air compressor systems to ensure continuous operation of their production lines, resulting in a consistent air compressor demand growth.

Leading Companies in the Vietnam Air Compressor Market

The market players are introducing compact and eco-efficient energy models to gain a competitive edge in the market.

- Atlas Copco AB

- Siemens Energy AG

- Ingersoll Rand Inc.

- Hitachi Ltd. (Sullair)

- Aerzener Maschinenfabrik GmbH

- Doosan Corp.

- Mitsubishi Heavy Industries Ltd.

- ELGI Equipments Ltd.

- Denair Energy Saving Technology (Shanghai) Plc

- Kobe Steel Ltd. (Kobelco Compressors Vietnam Co., Ltd.)

- Others

Vietnam Air Compressor MarketReport Snapshots

Vietnam Air CompressorMarket Size

Vietnam Air Compressor Market Growth

Vietnam Air CompressorMarket Share

Vietnam Air CompressorCompanies

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Asia Pacific Air Compressor Market Overview
5.1 Key Industry Highlights
5.2 Asia Pacific Air Compressor Historical Market (2018-2024)
5.3 Asia Pacific Air Compressor Market Forecast (2025-2034)
6 Vietnam Air Compressor Market Overview
6.1 Key Industry Highlights
6.2 Vietnam Air Compressor Historical Market (2018-2024)
6.3 Vietnam Air Compressor Market Forecast (2025-2034)
7 Vietnam Air Compressor Market by Type
7.1 Stationary
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Portable
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
8 Vietnam Air Compressor Market by Product
8.1 Reciprocating
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Rotary/Screw
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Centrifugal
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
9 Vietnam Air Compressor Market by Lubrication
9.1 Oil Free
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Oil Filled
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 Vietnam Air Compressor Market by Power Range
10.1 Up To 100 kW
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 101-300 kW
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 301-500 kW
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Over 500 kW
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
11 Vietnam Air Compressor Market by Application
11.1 Health and Medical
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 Oil and Gas
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
11.3 Home Appliances
11.3.1 Historical Trend (2018-2024)
11.3.2 Forecast Trend (2025-2034)
11.4 Food and Beverage
11.4.1 Historical Trend (2018-2024)
11.4.2 Forecast Trend (2025-2034)
11.5 Manufacturing
11.5.1 Historical Trend (2018-2024)
11.5.2 Forecast Trend (2025-2034)
11.6 Energy
11.6.1 Historical Trend (2018-2024)
11.6.2 Forecast Trend (2025-2034)
11.7 Others
12 Vietnam Air Compressor Market by Region
12.1 Southeast
12.1.1 Historical Trend (2018-2024)
12.1.2 Forecast Trend (2025-2034)
12.2 Red River Delta
12.2.1 Historical Trend (2018-2024)
12.2.2 Forecast Trend (2025-2034)
12.3 Mekong River Delta
12.3.1 Historical Trend (2018-2024)
12.3.2 Forecast Trend (2025-2034)
12.4 South Central Coast
12.4.1 Historical Trend (2018-2024)
12.4.2 Forecast Trend (2025-2034)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Supplier Selection
14.2 Key Global Players
14.3 Key Regional Players
14.4 Key Player Strategies
14.5 Company Profiles
14.5.1 Atlas Copco AB
14.5.1.1 Company Overview
14.5.1.2 Product Portfolio
14.5.1.3 Demographic Reach and Achievements
14.5.1.4 Certifications
14.5.2 Siemens Energy AG
14.5.2.1 Company Overview
14.5.2.2 Product Portfolio
14.5.2.3 Demographic Reach and Achievements
14.5.2.4 Certifications
14.5.3 Ingersoll Rand Inc.
14.5.3.1 Company Overview
14.5.3.2 Product Portfolio
14.5.3.3 Demographic Reach and Achievements
14.5.3.4 Certifications
14.5.4 Hitachi Ltd. (Sullair)
14.5.4.1 Company Overview
14.5.4.2 Product Portfolio
14.5.4.3 Demographic Reach and Achievements
14.5.4.4 Certifications
14.5.5 Aerzener Maschinenfabrik GmbH
14.5.5.1 Company Overview
14.5.5.2 Product Portfolio
14.5.5.3 Demographic Reach and Achievements
14.5.5.4 Certifications
14.5.6 Doosan Corp.
14.5.6.1 Company Overview
14.5.6.2 Product Portfolio
14.5.6.3 Demographic Reach and Achievements
14.5.6.4 Certifications
14.5.7 Mitsubishi Heavy Industries Ltd.
14.5.7.1 Company Overview
14.5.7.2 Product Portfolio
14.5.7.3 Demographic Reach and Achievements
14.5.7.4 Certifications
14.5.8 ELGI Equipments Ltd.
14.5.8.1 Company Overview
14.5.8.2 Product Portfolio
14.5.8.3 Demographic Reach and Achievements
14.5.8.4 Certifications
14.5.9 Denair Energy Saving Technology (Shanghai) Plc
14.5.9.1 Company Overview
14.5.9.2 Product Portfolio
14.5.9.3 Demographic Reach and Achievements
14.5.9.4 Certifications
14.5.10 Kobe Steel Ltd. (Kobelco Compressors Vietnam Co., Ltd.)
14.5.10.1 Company Overview
14.5.10.2 Product Portfolio
14.5.10.3 Demographic Reach and Achievements
14.5.10.4 Certifications
14.5.11 Others

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