Analysis from GMI Research finds that the Industrial Air Compressor Market earned revenues of USD 33.5 billion in 2021 and estimated to touch USD 48.7 billion in 2029 will grow at a CAGR 4.8%

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Market Dynamic

Key Drivers and Emerging Trends

Growing use of air compressors across oil and gas and manufacturing industries stands to be a key driver contributing to the industrial oil compressor market growth. The low maintenance cost, and safety of air compressors over electric and hydraulic power makes them suitable for complex industrial processes, which further augments the global Industrial Air Compressor market growth. Strict norms enforced in the food & beverage industry to ensure food safety and health have directly surged the demand for air compressors. Moreover, with the growing environmental concerns, leading market players are emphasizing on introducing eco-friendly and low-maintenance systems to maintain their competitiveness in the market. Thus, the rising investment in research and development to fulfil changing needs, global standards, and environmental changes will raise the Industrial Air Compressor Market size. However, high maintenance cost and strict norms regarding the use of air compressor might hamper the market growth. The advent of coronavirus had a severe impact on all industries, including industrial air compressor, owing to the strict lockdown norms, hampering the manufacturing industry and supply chain. Thus, the industrial air compressors witnessed a fall in demand from key end-use industries, obstructing the overall growth.

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Type – Segment Analysis
Reciprocating segment is projected to lead the market during the forecast period, owing to their growing use in oil and gas, manufacturing, semiconductor, and chemical industries. Other factors which include easy configuration, rising innovation, increasing exploration activities, and lower noise will drive the reciprocating air compressor’s growth over upcoming years.

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Regional – Segment Analysis:
Asia Pacific is predicted to grow at a faster CAGR over the forecast period, owing to the increasing industrialization across developing countries like China and India. Increasing infrastructural investment, presence of leading producers in China and India and a rise in the number of pharmaceuticals, manufacturing, power generation, and petrochemicals industry in the Asia Pacific are other factors projected to expand the Industrial Air Compressor Market share. For example, Hitachi Industrial product Ltd., manufacturers highly energy effective, cost-efficient, and reliable air compressors for applications like chemical plants, oil refiners, steel plants, and others.

Top Market Players
Various notable players operating in the market include Hitachi Industrial Product Ltd., Atlas Copco AB, Ingersoll-Rand Plc, Kirloskar pneumatic Company Limited, Mitsubishi Heavy Industries Ltd., FS-Curtis, Kaeser Kompressoren Inc., Sulzer Ltd., Elloitt Group, Danfoss, and among others.

Key Developments:

• • In November 2021, Atlas Copco adopted S.T.E.R.I. srl (STERI), an Italy-based compressor distributor and service vendor in Turin. The company cater a range of local industrial organizations in the Piedmont and Valle d’Aosta regions in Italy.
  • In October 2021, Ingersoll Rand adopted Air Dimensions Inc. for an all-cash procurement of USD 70.5 million. Based in Deerfield Beach, Fla., Air Dimensions designs, produces, and sells vacuum diaphragm pumps mainly for environmental applications in sustainable end markets, such as biogas, emission monitoring, utility, and chemical processes.
  • In 2020, Atlas Copco acquired Dr. Gustav Gail Drucklufttechnik GmbH, a German distributor of industrial compressors and services. The company will be part of the service division within the compressor technique business area of Atlas Copco.
  • In 2019, FS-Curtis launched a NxHE two-stage rotary screw compressor to improve plant efficiency and minimize maintenance. The NxHE compressor features the iCommand-touch controller with bright and full-color graphics. Operators can track pressure, temperature, and usage to easily diagnose and optimize the air system.

Segments covered in the Report:
The global Industrial Air Compressor market has been segmented on the basis of type, Power Rating, end-User, and regions. Based on type, the market is segmented into Rotary, Reciprocating, and Centrifugal. Based on Power Rating, the market is segmented into Storage, Packaging, Transportation, and Others. Based on end-user, the market is segmented into Food and Beverage, Automotive, Oil &Gas, Construction & Mining, and Others.

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Key questions answered in this research report:

• • At what pace is global industrial air compressor market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in industrial air compressor market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global industrial air compressor market?
  • Which type generated maximum revenues in 2021 and identify the most promising type during the forecast period?
  • What is the various power rating of global industrial air compressor market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Industrial Air Compressor Market by Type

• • Rotary
  • Reciprocating
  • Centrifugal

Global Industrial Air Compressor Market by Power Rating

• • 0-100 kW
  • 101-300kW
  • 301-500kW
  • 501kW & Above

Global Industrial Air Compressor Market by End-User

• • Food and Beverage
  • Automotive
  • Oil &Gas
  • Construction & Mining
  • Others

Global Industrial Air Compressor Market by Region

• • North America Industrial Air Compressor Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Power Rating
    • By End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Industrial Air Compressor Market (Option 2: As a part of the free 25% customization)
    • • By Type
      • By Power Rating
      • By End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Industrial Air Compressor Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Power Rating
    • By End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Industrial Air Compressor Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Power Rating
    • By End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Industrial Air Compressor (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Hitachi Industrial Product Ltd.
  • Atlas Copco AB
  • Ingersoll-Rand Plc
  • Kirloskar pneumatic Company Limited
  • Mitsubishi Heavy Industries Ltd.
  • FS-Curtis
  • Kaeser Kompressoren Inc.
  • Sulzer Ltd.
  • Elloitt Group
  • Danfoss