South Africa Air Compressor Market size is projected to grow at a CAGR of 5.4% during 2023-2029

Rotary air compressors in terms of technology registered the highest volume share in the South Africa Air Compressor Market – 6Wresearch

By technology, rotary air compressors acquired the majority of the volume share in 2022 on account of its wider applicability in the industrial segments, construction sector, etc. Moreover, increasing investment in the construction industry of the country for instance $120 billion infrastructure investment under the Economic Reconstruction & Recovery Plan would further propel the growth of rotary air compressors at the construction sites across the country.

According to 6Wresearch, South Africa Air Compressor Market size is projected to grow at a CAGR of 5.4% during 2023–29. There has been a sharp increase in electric vehicle sales in the nation with 502 battery electric vehicles (BEVs) sold in 2022 an increase from 218 in 2021. Moreover, South Africa’s Automotive Business Council recommends the government provide $4154 in subsidies to South Africans who want to purchase fully electric cars. The South African Automotive Master Plan (2021-2035) supports the growth of the automotive sector and aims to reach 1% of global vehicle output amounting to a total of 140 million units annually by 2035, leading to increased automotive manufacturing processes including assembly, battery production, and tire inflation which would substantially drive the demand for air compressors across the country. Inconsistent electricity supply causes disruptions in manufacturing and industrial operations resulting in decreased productivity and potential financial losses for businesses, which could have a negative impact on the air compressor market in South Africa.

According to Ravi Bhandari, Research Head, 6Wresearch, owing to the revised Industrial Policy Action Plan (IPAP2) in South Africa to attain a developmental economy by making a deliberate decision to ensure that investment targets production sectors would lead to a further rise in the market demand from the industrial segment for air compressor in the nation.

The South Africa Air Compressor Market (2023-2029) report provides an in-depth analysis with 23 figures and 16 tables, covered in 85 pages. The report comprehensively covers the market by product types, lubrication, technology, and applications. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.