The global industrial air compressor market revenue was around US$ 32.7 billion in 2022 and is estimated to reach US$ 53.3 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2023 to 2031.
Air compressors are mechanical devices that have three primary modes of operation: centrifugal, rotary, and reciprocating. Rotary compressors are distinguished by their usage of a screw-type mechanism to compress air. These kinds of compressors are more effective and dominate the industry because of their ease of maintenance.
Market Driving Factors
Rising demand for low-maintenance and energy-efficient compressed air systems creates a positive impact on the market. Diverse sectors seek effective solutions to meet their compressed air needs, leading to a surge in air compressor adoption and production. This rise in demand can be linked to the benefits offered by these systems, which include lower energy usage, cheaper maintenance costs, and increased operating efficiency.
Continuous technical advancements have played a crucial role in the growth of the Industrial Air Compressors Market. Unique and powerful compressors have been established, resulting in more output, greater dependability, and less downtime. These advancements have raised industry awareness of the benefits of using air compressors, resulting in their widespread adoption across a variety of industries.
The high price of installation and maintenance is one of the major factors that limit the market growth.
Regional Analysis
Asia Pacific dominated the market in terms of revenue. Increasing LNG and mining investments, as well as the increase of the local industrial sector, particularly food, and beverage, are propelling the regional market forward. To meet its energy demand while following decarbonization policies, The region saw a spike in investments in the green energy and hydrogen industries to meet its energy demand while following decarbonization policies. The requirements for air compressors in a variety of applications, such as home appliances, food and beverage, industrial, and oil and gas industries, are propelling market growth.
Segmentation Insights
Product Type Insight
The positive displacement segment is estimated to dominate the market in terms of revenue during the projection period. Depending on the requirements, these compressors can be lubricated or oil-free. automotive and transportation, construction, food & beverage, packaging, mining and metals, and other end-user industries utilize this segment. These industries are expected to rise investment, which would increase the demand of the segment.
Coolant Type Insight
The air-cooled segment is estimated to dominate the market during the projection period. An air-cooled industrial air compressor utilizes air to lower the temperature of the compressed air and any other material present. This segment is utilized in various applications, like power generation and PET mold bottles. Modern compressors are primarily air-cooled, with forced ventilation cooling the fluid with the use of heat exchangers, blowers, and other components.
End-Use Industry Insight
The chemicals and petrochemical segment is estimated to dominate the market during the forecast period. This is due to the rising demand for segment products from emerging nations Moreover, large-scale new chemical and petrochemical projects, as well as expansions of existing operations, are planned in Asia's growing economies, which are projected to boost market growth.
Output Power Insights
The 51-250 kW segment is estimated to dominate the market. Compressors in this range have an estimated rated pressure in the range of 0.3–20 bar. They are used in water and wastewater treatment plants, power plants, the petrochemical and chemical industries, mining, the packaging industry, the metals industry, construction, and manufacturing, among others. Various large-scale investments in chemical projects, particularly in emerging nations, have led to a rise in demand for industrial air compressors with output powers ranging from 51 to 250 kW, and are estimated to further rise in demand during the projection period.
Prominent Companies
Segmentation Outline
The global industrial air compressor market segmentation focuses on Product Type, End-Use Industry, Output Power, Coolant Type, and Region.
By Product Type
By End-Use Industry
By Output Power
By Coolant Type
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: INDUSTRIAL AIR COMPRESSOR MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET, BY PRODUCT TYPE
5.1 OVERVIEW
5.2 POSITIVE DISPLACEMENT
5.3 RECIPROCATING
5.4 ROTARY
5.4.1 SCREW
5.4.2 SCROLL
5.4.3 OTHERS
5.5 DYNAMIC DISPLACEMENT
5.5.1 CENTRIFUGAL
5.5.2 AXIAL
6 GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USE INDUSTRY
6.1 OVERVIEW
6.2 CHEMICALS & PETROCHEMICALS
6.3 FOOD & BEVERAGES
6.4 OIL & GAS
6.5 PHARMACEUTICALS
6.6 CONSTRUCTION
6.7 AUTOMOTIVE & TRANSPORTATION
6.8 PACKAGING
6.9 POWER GENERATION
6.10 HEALTHCARE
6.11 METALS & MINING
6.13 HVAC
6.14 OTHERS
7 GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET, BY OUTPUT POWER
7.1 OVERVIEW
7.2 UP TO 50 KW
7.3 51–250 KW
7.4 251–500 KW
7.5 ABOVE 500 KW
8 GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET, BY SOLUTION
8.1 OVERVIEW
8.2 AIR-COOLED
8.3 WATER-COOLED
9 GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 ATLAS COPCO
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 BAKER HUGHES
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 BAUER KOMPRESSOREN
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 COAIRE
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 DANFOSS
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 EBARA CORPORATION
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 FS-CURTIS
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8. FUSHENG GROUP
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 HANWHA POWER SYSTEMS
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 HOWDEN GROUP
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.11 KAESER KOMPRESSOREN
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS
11.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.12 AERZENER MASCHINENFABRIK GMBH
11.12.1 OVERVIEW
11.12.2 FINANCIAL PERFORMANCE
11.12.3 PRODUCT OUTLOOK
11.12.4 KEY DEVELOPMENTS
11.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.13 HUBEI TEWEITE POWER TECHNOLOGY CO LTD
11.13.1 OVERVIEW
11.13.2 FINANCIAL PERFORMANCE
11.13.3 PRODUCT OUTLOOK
11.13.4 KEY DEVELOPMENTS
11.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.14 MITSUBISHI HEAVY INDUSTRIES
11.14.1 OVERVIEW
11.14.2 FINANCIAL PERFORMANCE
11.14.3 PRODUCT OUTLOOK
11.14.4 KEY DEVELOPMENTS
11.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.15 NIDEC
11.15.1 OVERVIEW
11.15.2 FINANCIAL PERFORMANCE
11.15.3 PRODUCT OUTLOOK
11.15.4 KEY DEVELOPMENTS
11.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.16 SIEMENS ENERGY
11.16.1 OVERVIEW
11.16.2 FINANCIAL PERFORMANCE
11.16.3 PRODUCT OUTLOOK
11.16.4 KEY DEVELOPMENTS
11.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.17 SULZER
11.17.1 OVERVIEW
11.17.2 FINANCIAL PERFORMANCE
11.17.3 PRODUCT OUTLOOK
11.17.4 KEY DEVELOPMENTS
11.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.18 SUNGSHIN COMPRESSOR
11.18.1 OVERVIEW
11.18.2 FINANCIAL PERFORMANCE
11.18.3 PRODUCT OUTLOOK
11.18.4 KEY DEVELOPMENTS
11.18.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.19 ZHEJIANG KAISHAN COMPRESSOR CO. LTD
11.19.1 OVERVIEW
11.19.2 FINANCIAL PERFORMANCE
11.19.3 PRODUCT OUTLOOK
11.19.4 KEY DEVELOPMENTS
11.19.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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