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Industrial Air Compressor Market

The Global Industrial Air Compressor Market is expected to foresee significant growth. The Asia Pacific to lead the growth!

The Industrial Air Compressor Market is expected to grow at a CAGR of over 5% from 2022-2028. The global air compressors were designed to compress air to higher pressures and harness this potential energy source. Unlike other sources of power, no conversion from another form of energy such as heat is involved at the point of application. Air compressors are used in a variety of industries to supply process requirements, operate pneumatic tools and equipment, and meet instrumentation needs. Factors that are escalating the market share of industrial air compressors are increasing energy consumption, expansion of liquefaction facilities, and increasing demand for energy-efficient compressors all across the globe drives the demand for the market.

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Based on product type, the industrial air compressors market is segmented into reciprocating, rotary, and centrifugal. The rotary compressor caters substantial share of the market. As they require minimum maintenance, offer better efficiency, and possess comparatively lower preliminary costs. In addition, technological advancements by manufacturers to provide satisfactory solutions to end users are enhancing the application of rotary compressors. They also have a long lifespan and low maintenance costs comparatively, which makes them preferable for end users.

Based on lubrication, the industrial air compressors market is classified into oil-filled, and oil-free. Among these, the oil-free segment to hold a significant share in the market in 2020. It is mainly due to the manufacturers in the industrial air compressor market are focusing on cost savings associated with oil-free compressors by eliminating the need for costly oil replacement. Since air purity is critical in several industries, demand for oil-free compressors is increasing as it eliminates the issues of oil spoilage or damage to the production equipment.

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For a better understanding of the market adoption of the Industrial Air Compressor industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the increasing investment in infrastructure projects and rapid urbanization planning gaining pace in APAC coupled with growing demand for petrochemical/chemical products in India and China are escalating the adoption of industrial air compressors.

Some of the major players operating in the market include Atlas Copco, Baker Hughes Company, GE, Hitachi Industrial Equipment Systems Co, MAN SE, MITSUBISHI HEAVY INDUSTRIES, LTD., Quincy Compressor, Siemens Energy AG, Kaeser Kompressoren, and Kaishan Compressor Co., Ltd.

Global Industrial Air Compressor Market Segmentation

Market Insight, by Product Type

• Reciprocating
• Rotary
• Centrifugal

Market Insight, by Lubrication

  • Oil-filled
  • Oil-free

Market Insight, by Form Factor

  • Portable
  • Stationary

Market Insight, by End-User

  • Oil & Gas
  • Manufacturing
  • Healthcare/ Pharmaceutical
  • Food & Beverages
  • Energy & Utility
  • Consumer Goods
  • Metal & Mining
  • Transportation
  • Others

Market Insight, by Region

  • North America
    •  United States
    •  Canada
    •  Rest of North America
  • Europe
  • Germany
  • The United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of the World

Top Company Profiles

• Atlas Copco
• Baker Hughes Company
• GE
• Hitachi Industrial Equipment Systems Co
• Quincy Compressor
• Siemens Energy AG
• Kaeser Kompressoren
• Kaishan Compressor Co. Ltd.

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