Global Industrial Air Compressor Market

Industrial Air Compressor Market Size, Share, Growth Analysis, By Product Type(Positive Displacement {Reciprocating, Rotary (Screw, Scroll, Others)}), By Design(Stationary, Portable), By Pressure(Up to 10 bar, 21-100 bar, above 100 bar), By Output power(Up to 50 kW, 51-250 kW, 251-500 kW, above 500 kW), By Seal type(Oil-flooded, Oil-free), By Coolant type(Air-cooled, Water-cooled), By End-user industry(Chemicals & Petrochemicals, Food & Beverages, Oil & Gas, Pharmaceuticals), By Region - Industry Forecast 2025-2032


Report ID: SQMIG20I2092 | Region: Global | Published Date: August, 2024
Pages: 202 | Tables: 215 | Figures: 80

Industrial Air Compressor Market Insights

Industrial Air Compressor Market size was valued at USD 36.01 Billion in 2023 and is poised to grow from USD 38.82 Billion in 2024 to USD 70.78 Billion by 2032, growing at a CAGR of 7.80% during the forecast period (2025-2032).

The industrial air compressor market is being driven by several factors, including rapid industrialization and increasing automation in emerging economies, inflow of investments, and rising demand for oil-free compressors in the food & beverages industry. The surging demand from the HVAC industry is also contributing to the growth of the market. The chemical and petrochemical sectors are also adopting industrial air compressors due to their high efficiency and reliability. Governments around the world are introducing policies in line with Industry 4.0 to stay ahead in the ongoing technological and economic race. For instance, the Government of India has dedicated substantial resources and national policies to empower the nation’s industrial sector. The oil-filled lubricating air compressor market is projected to continue to grow as a result of advancements in compressor design and control systems. These air compressors are becoming more dependable and efficient in using energy because of new technology like variable speed drives, sophisticated control systems, and more effective compressor designs. The demand for a product, however, may also be impacted by modifications to industrial rules, particularly those pertaining to worker safety and environmental protection. The increasing focus on climate change has compelled government bodies to release stringent product guidelines, which may impede the growth of the industrial air compressor market. Because air compressors produce an oil-water blend condensate that, if improperly disposed of, might cause environmental deterioration, facilities utilising air compressors are required to abide by Environmental Protection Agency (EPA) standards.

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FAQs

Global Industrial Air Compressor Market size was valued at USD 33.4 billion in 2022 and is poised to grow from USD 36.01 billion in 2023 to USD 65.66 billion by 2031, growing at a CAGR of 7.80% during the forecast period (2024-2031).

The global industrial air compressor market is highly competitive with the presence of several regional and global players. The market players are focusing on developing energy-efficient and eco-friendly compressor technologies to cater to the growing demand for sustainability and environmental protection. Moreover, they are also adopting strategies such as mergers, acquisitions, partnerships, and collaborations to expand their market share and strengthen their product portfolio. The market players are also investing in research and development activities to develop innovative and advanced compressor technologies to gain a competitive advantage in the market. 'Atlas Copco AB (Sweden) ', 'Ingersoll Rand Inc. (Ireland) ', 'Kaeser Kompressoren SE (Germany) ', 'Gardner Denver Holdings Inc. (US) ', 'Sullair LLC (US) ', 'ELGi Equipments Limited (India) ', 'BOGE Kompressoren Otto Boge GmbH & Co. KG (Germany) ', 'Kobe Steel Ltd. (Japan) ', 'Quincy Compressor LLC (US) ', 'Hitachi Industrial Equipment Systems Co. Ltd. (Japan) ', 'Chicago Pneumatic (US) ', 'MAT Industries LLC (US) ', 'Rolair Systems (US) ', 'VMAC Company (Canada) ', 'Pneumatic Products (US) ', 'Doosan Portable Power (US) ', 'AireTex Compressors LLC (US) ', 'Air Squared Inc. (US) ', 'Nardi Compressori Srl (Italy) ', 'Werther International Inc. (US)'

One key driver of the industrial air compressor market is the increasing demand for energy-efficient and eco-friendly compressors due to the growing focus on sustainability and environmental protection. This has led to the development of advanced compressor technologies, such as oil-free compressors, that consume less energy and produce less noise and emissions. The adoption of these technologies is being encouraged by government regulations, which are pushing industries to reduce their carbon footprint and increase their energy efficiency.

The key trend in the industrial air compressor market is the increasing adoption of smart compressors that are equipped with advanced sensors and control systems to monitor and optimize compressor performance. These smart compressors enable real-time monitoring of pressure, temperature, and other performance indicators, allowing operators to detect potential issues and make adjustments in real-time. Furthermore, smart compressors can be remotely controlled and managed, reducing the need for manual intervention and improving overall efficiency. The integration of artificial intelligence and machine learning technologies is expected to further enhance the capabilities of these smart compressors in the near future.

North America dominated the market due to the presence of well-established manufacturing industries and a high adoption rate of advanced technologies. The United States is the largest contributor to the industrial air compressor market in the region, owing to the rising demand for compressed air in various industries such as automotive, aerospace, and construction. Additionally, the growing focus on energy efficiency and sustainability in the region is driving the demand for oil-free and energy-efficient compressors.

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Global Industrial Air Compressor Market

Report ID: SQMIG20I2092

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