The Compressor Rental Industry refers to the sector that provides temporary or short-term rental services for various types of compressors. These compressors are used to increase the pressure of a gas, typically air, in order to power various tools and equipment. The global compressor rental market was valued at USD 4.4 billion in 2022 and is projected to reach USD 6.2 billion by 2028, at a CAGR of 5.8% between 2023 and 2028.  Compressors are in demand to meet the short-term demands of building projects during peak construction seasons or times of increased construction activity.

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The industry caters to a wide range of end-use sectors and applications, and its growth is influenced by several factors:

  • Construction: The construction industry relies heavily on compressor rentals for tasks such as pneumatic tools, concrete drilling, and sandblasting.
  • Manufacturing: Manufacturers often require compressed air for processes like painting, packaging, and operating pneumatic machinery.
  • Oil and Gas: Compressors are essential in oil and gas operations for tasks like well drilling, pipeline maintenance, and gas processing.
  • Mining: The mining sector uses compressors for rock drilling, ventilation, and material handling in underground and open-pit mines.
  • Utilities: Power plants and water treatment facilities use compressors for various applications, including air compression, cooling, and wastewater treatment.
  • Chemical and Petrochemical: These industries rely on compressors for processes such as gas compression, vapor recovery, and chemical manufacturing.
  • Agriculture: Compressors are used in agricultural applications, such as operating pneumatic seeders and maintaining farm equipment.
  • Environmental Remediation: Compressors play a role in environmental cleanup efforts, including soil vapor extraction and air sparging for groundwater treatment.

The growth of the Compressor Rental Industry is influenced by factors like infrastructure development, industrial expansion, and the need for cost-effective and flexible solutions. Rental services provide businesses with the flexibility to access compressors without the upfront costs of purchasing and maintaining equipment. As various industries continue to evolve and expand, the demand for compressor rentals is expected to grow, driven by the need for efficient and reliable compressed air solutions.

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Compressor Rental Market Key Players

Key players operational in the compressor rental market are Atlas Copco (Sweden), United Rentals, Inc. (US), Ingersoll Rand (US), Caterpillar Inc. (US), Hertz Equipment Rental Corporation (US), Ashtead Group Plc (UK), H&E Equipment Services (US), Loxam Group (France), HSS Hire (UK) are major players in the global compressor rental market. These players focus on acquisition, agreement, investment, joint venture, merger, product launch, expansion, divestment, and partnership to cater to the increasing demand for compressor rental from various industries.

Based on compressor type, the rotary screw segment is expected to lead the compressor rental market from 2023 to 2028

In comparison to other types of compressors, rotary screw compressors are known for their energy efficiency. They can produce more compressed air with the same amount of energy, which saves money and has a smaller negative effect on the environment. The need for energy-efficient rotary screw compressors in rental applications is still rising as companies place more emphasis on sustainability and energy efficiency. This further provides growth opportunities of the rotary screw segment in the compressor rental market.

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Asia Pacific was the largest region in the compressor rental market in 2022

With accelerated urbanization, rising populations, and greater funding for residential, commercial, and industrial construction projects, the Asia Pacific region is experiencing a construction boom. For construction tasks including demolition, excavation, concrete pumping, and running pneumatic instruments, compressors are essential. The increase in new construction is driving up demand for compressor rental services as businesses look for affordable ways to satisfy their short-term and project-specific compressed air needs. Also, the rental market is expanding significantly in the Asia Pacific region. The transition to the rental model across a number of industries, such as manufacturing, construction, and industrial applications, has favored the growth of the compressor rental industry.