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In 2022, the market for industrial air compressors is predicted to reach USD 34.9 bn. Between 2022 and 2030, the global Industrial Air Compressor market is projected to expand from USD 37.18 billion to USD 63.10 billion, representing a CAGR of 8.02%. As the demand for autos increases around the world, so will the need for industrial air compressors, as the product is used extensively in the production of automobiles.
Market expansion throughout the projected period is expected to be driven by the increasing need for energy-efficient industrial air compressors, as well as the growing demand from the oil and gas sector for conventional industrial air compressors. Demand for oil and oil products rises in line with the global population, despite great progress in alternative energy sources. Therefore, industrial air and gas compressors have become crucial for keeping the right pressure levels for these operations, with innovations focusing on reducing energy needs, increasing speed, and making the compressors more resilient to harsh drilling environments. Industrial compressors are crucial to the success of businesses big and small in the oil and gas industry today.
Industrial air compressors are used in a wide variety of sectors, including construction, oil and gas, pharmaceuticals, automotive and transportation, packaging, power generation and healthcare. Seventy percent of manufacturing facilities also use compressed air systems. Rising investments and capacity expansions due to rapid industrialization and manufacturing growth present significant opportunities for the industrial air compressor industry. Industrial and economic growth have been sped up in many emerging economies. This is especially true in Asia and Africa. Demand for industrial air compressors is being fueled by both rising automation in manufacturing and a renewed emphasis on optimising resource utilisation through automation. These algorithms may control a wide variety of machinery, including conveyors, pneumatic tools, packaging and automation machinery.
The annual energy investment is projected to rebound to pre-crisis levels by 2021, per the International Energy Agency's World Energy Investment Report 2021. Rather for making traditional petrol, the mixture is now used to power end-user industries. New power generation projects are being implemented in Asia Pacific, Africa, and the Middle East while new oil refineries are being built in Russia, China, Brunei, India, Saudi Arabia, and the United States.
China, India, South Korea, and Russia, among of the world's greatest economies, are all growing their manufacturing capacity and building new chemical plants. Compressors are necessary for the processing and functioning of mechanisms in the chemical and oil and gas refining industries. Compressors are employed, for instance, to maintain a constant flow of process gases around the reactor in oil and gas refineries. Industries in many parts of the world are expanding at a faster rate as urbanisation spreads. Demand has increased across the board, but especially in developing economies. This is true in the food and beverage, manufacturing, semiconductor, and electronics industries. These businesses frequently use centrifugal air compressors due to the large amounts of cheap air they produce. It can be used for longer before it needs to be replaced, saving money on new equipment. Demand for air compressors is increasing across a variety of end user industries, including the global automotive industry, manufacturing, and the food & beverage industry, all of which contribute to the overall growth of the Industrial Air Compressor market.
Industrial air compressors are divided into dynamic air compressors and positive air compressors, for example. Nearly 66% of the overall market revenue in 2021 came from sales of positive displacement Industrial Air Compressors. This trend is expected to continue for the foreseeable future. These compressors also come in rotary and reciprocating varieties. Depending on the situation, these compressors can be oil-free or lubricated. Construction, automotive and transportation, packaging, food and beverage, metals and mining, and other end-user industries often employ the utilisation of positive displacement air compressors. Positive displacement air compressors are expected to see increased demand as a result of expanding investments in these industries. Changes in inlet temperatures, for example, can have a noticeable impact on the efficiency of a dynamic compressor. The ability of the dynamic compressors to maintain a constant pressure is design-specific and can be either axial or radial.
The chemical and petrochemical industries, the oil and gas business, the pharmaceutical and medical device sectors, the construction sector, the automotive and transportation sector, the packaging sector, the energy sector, the healthcare sector, the metals and mining industry, and many more all benefit from the use of industrial air compressors. Also, 70% of all factories employ some sort of compressed air system. As investments and capacity expansions continue to rise in tandem with rising industrialization and manufacturing activity, the market for industrial air compressors has enormous growth potential. Industrial and economic growth have been accelerated in a number of developing economies. These include those in Asia and the Pacific and Africa. Since industrial air compressors can be used to power pneumatic tools, packing, automation equipment, and conveyors, their demand has been rising in tandem with government initiatives to promote industrial automation. Increased financial losses, equipment downtime, and unneeded capacity additions may come from leaks, false demand, and poor practises. Since leaks account for 25-35% of total compressed air loss, regular monitoring and repairs are necessary for cost management. In a factory, compressed air leakage may account for the majority of wasted energy. In a system operating at 100 pressure, for instance, a leak with a diameter of just 1/8 inch might waste over $12,000 every year. A single 1/4" leak in a compressed air line at a plant can cost anywhere from $2,500 to $8,000 per year, depending on pressure needs and energy expenses. Since many air systems have to deal with peaks in demand as well as leaks, pressure drops, and flow changes, they often run at rather high pressures. However, high-pressure operations can necessitate up to 25% more compressor capacity than necessary, leading to unnecessary air loss known as false demand. As a result, certain small and medium-sized enterprises (SMEs) may struggle to perform air audits and manage leaks, leading to decreased output and more downtime.
Report Coverage
Global Industrial Air Compressor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Air Compressor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Air Compressor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Air Compressor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Air Compressor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Air Compressor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Atlas Copco (Sweden), Danfoss (Denmark), Ingersoll-Rbd Plc (Ireland), GE Oil and Gas (US), Hitachi Ltd (Japan), Sullair LLC (US), Gardner Denver (US), Elloitt Group Ltd. (US), Kirloskar Pneumatics Co. Ltd. (India), and Sulzer AG (Switzerland)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Industrial Air Compressor market based on the below-mentioned segments:
Global Industrial Air Compressor Market, By Type
Dynamic
Positive Displacement
Global Industrial Air Compressor market, By Pressure
Up to 20 bar
20-100 bar
Above 100 bar
Global Industrial Air Compressor Market, By End User
Oil & Gas
Chemicals & Petrochemicals
Food & Beverage
Metals & Mining
Automotive
Construction
Global Industrial Air Compressor market, Regional Analysis
Market expansion throughout the projected period is expected to be driven by the increasing need for energy-efficient industrial air compressors, as well as the growing demand from the oil and gas sector for conventional industrial air compressors. Demand for oil and oil products rises in line with the global population, despite great progress in alternative energy sources. Therefore, industrial air and gas compressors have become crucial for keeping the right pressure levels for these operations, with innovations focusing on reducing energy needs, increasing speed, and making the compressors more resilient to harsh drilling environments. Industrial compressors are crucial to the success of businesses big and small in the oil and gas industry today.
Industrial air compressors are used in a wide variety of sectors, including construction, oil and gas, pharmaceuticals, automotive and transportation, packaging, power generation and healthcare. Seventy percent of manufacturing facilities also use compressed air systems. Rising investments and capacity expansions due to rapid industrialization and manufacturing growth present significant opportunities for the industrial air compressor industry. Industrial and economic growth have been sped up in many emerging economies. This is especially true in Asia and Africa. Demand for industrial air compressors is being fueled by both rising automation in manufacturing and a renewed emphasis on optimising resource utilisation through automation. These algorithms may control a wide variety of machinery, including conveyors, pneumatic tools, packaging and automation machinery.
The annual energy investment is projected to rebound to pre-crisis levels by 2021, per the International Energy Agency's World Energy Investment Report 2021. Rather for making traditional petrol, the mixture is now used to power end-user industries. New power generation projects are being implemented in Asia Pacific, Africa, and the Middle East while new oil refineries are being built in Russia, China, Brunei, India, Saudi Arabia, and the United States.
China, India, South Korea, and Russia, among of the world's greatest economies, are all growing their manufacturing capacity and building new chemical plants. Compressors are necessary for the processing and functioning of mechanisms in the chemical and oil and gas refining industries. Compressors are employed, for instance, to maintain a constant flow of process gases around the reactor in oil and gas refineries. Industries in many parts of the world are expanding at a faster rate as urbanisation spreads. Demand has increased across the board, but especially in developing economies. This is true in the food and beverage, manufacturing, semiconductor, and electronics industries. These businesses frequently use centrifugal air compressors due to the large amounts of cheap air they produce. It can be used for longer before it needs to be replaced, saving money on new equipment. Demand for air compressors is increasing across a variety of end user industries, including the global automotive industry, manufacturing, and the food & beverage industry, all of which contribute to the overall growth of the Industrial Air Compressor market.
Industrial air compressors are divided into dynamic air compressors and positive air compressors, for example. Nearly 66% of the overall market revenue in 2021 came from sales of positive displacement Industrial Air Compressors. This trend is expected to continue for the foreseeable future. These compressors also come in rotary and reciprocating varieties. Depending on the situation, these compressors can be oil-free or lubricated. Construction, automotive and transportation, packaging, food and beverage, metals and mining, and other end-user industries often employ the utilisation of positive displacement air compressors. Positive displacement air compressors are expected to see increased demand as a result of expanding investments in these industries. Changes in inlet temperatures, for example, can have a noticeable impact on the efficiency of a dynamic compressor. The ability of the dynamic compressors to maintain a constant pressure is design-specific and can be either axial or radial.
The chemical and petrochemical industries, the oil and gas business, the pharmaceutical and medical device sectors, the construction sector, the automotive and transportation sector, the packaging sector, the energy sector, the healthcare sector, the metals and mining industry, and many more all benefit from the use of industrial air compressors. Also, 70% of all factories employ some sort of compressed air system. As investments and capacity expansions continue to rise in tandem with rising industrialization and manufacturing activity, the market for industrial air compressors has enormous growth potential. Industrial and economic growth have been accelerated in a number of developing economies. These include those in Asia and the Pacific and Africa. Since industrial air compressors can be used to power pneumatic tools, packing, automation equipment, and conveyors, their demand has been rising in tandem with government initiatives to promote industrial automation. Increased financial losses, equipment downtime, and unneeded capacity additions may come from leaks, false demand, and poor practises. Since leaks account for 25-35% of total compressed air loss, regular monitoring and repairs are necessary for cost management. In a factory, compressed air leakage may account for the majority of wasted energy. In a system operating at 100 pressure, for instance, a leak with a diameter of just 1/8 inch might waste over $12,000 every year. A single 1/4" leak in a compressed air line at a plant can cost anywhere from $2,500 to $8,000 per year, depending on pressure needs and energy expenses. Since many air systems have to deal with peaks in demand as well as leaks, pressure drops, and flow changes, they often run at rather high pressures. However, high-pressure operations can necessitate up to 25% more compressor capacity than necessary, leading to unnecessary air loss known as false demand. As a result, certain small and medium-sized enterprises (SMEs) may struggle to perform air audits and manage leaks, leading to decreased output and more downtime.
Report Coverage
Global Industrial Air Compressor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Air Compressor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Air Compressor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Air Compressor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Atlas Copco (Sweden), Danfoss (Denmark), Ingersoll-Rbd Plc (Ireland), GE Oil and Gas (US), Hitachi Ltd (Japan), Sullair LLC (US), Gardner Denver (US), Elloitt Group Ltd. (US), Kirloskar Pneumatics Co. Ltd. (India), and Sulzer AG (Switzerland) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Industrial Air Compressor Market from 2021 to 2030.
- Market Forecast for Industrial Air Compressor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Industrial Air Compressor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Industrial Air Compressor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Air Compressor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Air Compressor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Atlas Copco (Sweden), Danfoss (Denmark), Ingersoll-Rbd Plc (Ireland), GE Oil and Gas (US), Hitachi Ltd (Japan), Sullair LLC (US), Gardner Denver (US), Elloitt Group Ltd. (US), Kirloskar Pneumatics Co. Ltd. (India), and Sulzer AG (Switzerland)
Primary Target Market
- Market Players of Industrial Air Compressor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Industrial Air Compressor market based on the below-mentioned segments:
Global Industrial Air Compressor Market, By Type
Dynamic
Positive Displacement
Global Industrial Air Compressor market, By Pressure
Up to 20 bar
20-100 bar
Above 100 bar
Global Industrial Air Compressor Market, By End User
Oil & Gas
Chemicals & Petrochemicals
Food & Beverage
Metals & Mining
Automotive
Construction
Global Industrial Air Compressor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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