The industrial air compressor market is projected to reach USD 42.9 billion by 2026 from an estimated USD 32.7 billion in 2021, at a CAGR of 5.6% during the forecast period. The global industrial air compressor market is driven by the rapid industrialization and increasing automation in emerging economies, inflow of investments and rising demand for oil-free compressors in food & beverages industry, and the surging demand from HVAC industry. The increasing demand for energy-efficient air compressors, the rapid transformation of IoT in the compressed air industry, and initiatives to set up new gas transportation infrastructure and upgrade existing infrastructure are expected to offer lucrative opportunities for the industrial air compressor market during the forecast period.Rapid Industrialization and Increasing Automation in Emerging Economies
The oil-flooded segment, by seal type, is expected to be the largest market from 2021 to 2026
The seal type segment is categorized as oil-flooded and oil-free. The oil-flooded segment held the largest share of the industrial air compressor market. Oil-flooded compressors use oil to lubricate the air compression chamber, lubricate parts, and seal in the air. They find increasing usage as they are more economical than an oil-free compressor and generally complete the compression process in a single stage. The compressor is commonly used in industries such as oil & gas, textiles, rubber and plastics, and metals and mining, where cleaner compressed air requirement is optional. The positive displacement segment, by product type, is expected to be the largest market from 2021 to 2026
The positive displacement segment held the largest share of the industrial air compressor market. Positive displacement industrial air compressors can be bifurcated into reciprocating and rotary compressors. Positive displacement air compressors are commonly used in construction, automotive and transportation, packaging, food & beverages, metals and mining, and other end-user industries. These sectors are expected to experience a growth in investments, propelling the demand for positive displacement air compressors.Asia Pacific: The largest and the fastest-growing region in the industrial air compressor market
Asia Pacific is expected to dominate the global industrial air compressor market between 2021–2026. The growth of the regional market is driven by the increasing investments in LNG, chemicals, and mining along with the growth of the domestic manufacturing sector, including automotive and food & beverages. Asia Pacific is experiencing rapid economic growth, and to meet its energy demand while adhering to decarbonization plans, it is witnessing a spike in investments in hydrogen energy as well as green energy sectors.Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: By Company Type: Tier 1 - 65%, Tier 2 - 24%, and Tier 3 - 11%
By Designation: C-Level - 35%, D-Level - 25%, and Others - 40%
By Region: Asia Pacific - 45%, North America - 22%, Europe - 18%, and South America - 5%, Middle East & Africa - 10%
Note: “Others” include sales managers, engineers, and regional managers
The tiers of the companies are defined based on their total revenue as of 2019: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: <USD 500 million
The industrial air compressor market is dominated by a few major players that have a wide regional presence. The leading players in the industrial air compressor market are Atlas Copco (Sweden), Ingersoll Rand (US), Doosan Infracore (South Korea), Hitachi (Japan), and Kobe Steel (Japan). Some of the other major players include BOGE Kompressoren (Germany), Volkswagen (MAN Energy Solutions), Kirloskar Pneumatic (India), Kaeser Kompressoren (Germany), Danfoss (Denmark), Coaire (UAE), ELGi Equipments (India), Siemens Energy (Germany), Sulzer (Switzerland), Baker Hughes (US), Nidec, EBARA Corporation (Elliott Group), Howden Group (US), Fusheng Group (Taiwan), Mitsubishi Heavy Industries (Japan), and others.
Study Coverage:
The report defines, describes, and forecasts the industrial air compressor market, by product type, design, pressure, output power, seal type, coolant type, end-user industries, application, and geography. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the industrial air compressor market.
Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for industrial air compressor operations and services, which would help industrial air compressor manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industrial Air Compressor Market, by Product Type
7 Industrial Air Compressor Market, by Maximum Pressure
8 Industrial Air Compressor Market, by Output Power
9 Industrial Air Compressor Market, by Seal Type
10 Industrial Air Compressor Market, by Industry
11 Industrial Air Compressor Market, by Region
12 Competitive Landscape
13 Company Profile
List of Tables
List of Figures
Companies Mentioned
- Atlas Copco
- Baker Hughes
- Boge Kompressoren
- Coaire
- Danfoss
- Doosan Infracore
- Ebara Corporation (Elliott Group)
- Elgi Equipments
- Fusheng Group
- Hitachi
- Hubei Teweite Power Technology
- Ingersoll Rand
- Kaeser Kompressoren
- Kirloskar Pneumatic
- Kobe Steel
- Mitsubishi Heavy Industries
- Nidec
- Saimona Compressor
- Siemens Energy
- Sulzer
- Sungshin Compressor
- Volkswagen (Man Energy Solutions)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 368 |
| Published | February 2022 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 32.7 Billion |
| Forecasted Market Value ( USD | $ 42.9 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 22 |
