Market Scope
As per an Extensive Research Report by Market Research Future (MRFR), Industrial Air Compressor Market Information By Product Type, Seal, Pressure, End User, and Region – Forecast till 2030 The industrial air compressor industry size will rise from USD 37.14 Billion in 2022 to USD 63.9 Billion by 2030, at a rate of 7.02% between 2022 and 2030.
Mechanical devices called industrial air compressors are used to pressurize gases or liquids. Air is the most typical. In the industry, a range of compressors are utilized to deliver the following functions: air for instruments or shops; abrasive blasters, paint sprayers, air tools, and more. Compressed air is supplied by industrial air compressors, which are multipurpose equipment used in numerous production processes.
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Market Competitive Landscape:
- 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)
- Sulzer AG (Switzerland)
Market USP Covered:
Market Drivers:
In many places, industries are emerging rapidly as the world gets more urbanized. The need for many different industries has increased, especially in emerging nations: food and beverage, manufacturing, semiconductors, electronics, and so forth. These industries make extensive use of centrifugal air compressors because they offer cheap, large-volume air at reasonable prices. It requires even less capital investment because of its longer working life.
A number of developing economies have quickened their industrial and economic growth, including those in Africa and the Asia-Pacific. The need for industrial air compressors is also increasing as a result of government initiatives to support industrial automation and a focus on this field for efficient resource use.
Given that industrial air compressors are widely used in the automotive industry for manufacturing, the growing global need for automobiles, especially in the Asia-Pacific region, is predicted to increase demand for these products. The market will prosper in part due to the growth of the automotive industry in North America and Europe. The United States and Europe continue to be the most significant markets for the automotive industry despite the fact that their populations are slower than those of emerging nations due to technological advancements.
Cars, industrial applications, air conditioning and refrigeration, and other fields all make use of stationary air compressors. Larger and larger ones are utilized by industrial end users, while smaller ones are utilized in automobiles, freezers, and air conditioners. Therefore, the demand for air compressors will continue to rise due to an improved lifestyle, rising spending power, and an increasing population in the region.
Market Restraints:
The air that is supplied to air compressors requires special handling because any impurities in the air can harm the supply pipes, causing corrosion and leaks that eventually produce power. In the long run, this could be a significant barrier to market expansion.
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Market Segmentation
Positive and dynamic air compressors are included in the industrial air compressor market segmentation based on product type.
In terms of seal, the industrial air compressor market is divided into two categories: oil-free and oil-lubricated air compressors.
Pressure has divided the Industrial Air Compressor market data into three sub-segments: up to 20 bar, 20-100 bar, and above 100 bar.
Oil & Gas, Chemicals & Petrochemicals, Food & Beverage, Metals & Mining, Construction, and Automotive are the segments of the Industrial Air Compressor industry, depending on end user.
Regional Insights
As far as market share goes, the Asia-Pacific region leads with 45%. The growing investments in LNG, chemical, and mining projects are driving the growth of the Asia Pacific air compressor market as well as the domestic manufacturing sector in countries like China and India, which includes the food and beverage and automotive industries.
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