Industrial Air Compressor Market
Global Industrial Air Compressor Market Size, Share & Trends Analysis Report by Product (Dynamic Displacement Compressors, Positive Displacement Compressors) by Type (Portable, Stationary) by End User(Food and Beverage, Oil and Gas, Manufacturing, Energy and Power, Automotive, and Others (Construction and Mining, and Healthcare) Forecast 2022-2028
The global industrial air compressor market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period. The major factors boosting the market growth include rapid industrialization across emerging countries and the rising demand for energy-efficient air compressors. In multiple industrial facilities, air compressors utilize significant amount of electricity as compared to any other kind of equipment. This results in inefficiency in compressed air systems. Energy savings from the improvement of the system can range from 20% to 50% or more of energy consumption. For several facilities, this equals to thousands of dollars of potential annual savings, as per the usage. An efficiently managed compressed air system can save energy, enhance production throughout, decrease maintenance and downtime and improve the quality of the product.
Furthermore, favorable government initiatives for energy-efficient air compressors are further contributing to the market growth. For instance, ENERGY STAR is the US government-led program that enables businesses to protect the environment with higher energy efficiency. The funds and tax benefits are also provided to support energy efficiency projects. This, in turn, is contributing to the demand for energy-efficient air compressors. Moreover, the advent of IoT air compressors is estimated to offer significant opportunity for the growth of the market.
Impact of COVID-19 Pandemic on Global Industrial Air Compressor Market
The COVID-19 pandemic has disrupted the global economy. It has a substantial economic impact on various industrial sectors, such as manufacturing, power generation, renewable, and nuclear. During the COVID-19 pandemic, the electricity supply has become critical for sustained medical services and working remotely under lockdown conditions. The closing down of chemical, automotive, and construction activities results in slower the demand for industrial air compressor market.
Segmental Outlook
The global industrial air compressor market is segmented on the basis of product, type and end-user. Based on the product, the market is classified into dynamic displacement and positive displacement compressors. Based on type, the market is classified into portable and stationary. Based on end-user, the market is segmented into food and beverage, oil and gas, manufacturing, energy and power, automotive and others. Based on end-user, energy and power held the largest share of the industrial air compressor market in 2022. The energy and power segment is expected to be the largest consumer of industrial air compressors during the forecast period, with growing demand for electric energy and power among various end-user industries. Moreover, large-scale new energy and power projects, including expansions of current projects, are planned in the emerging economies of Asia, which are expected to drive the growth.
Global Industrial Air Compressor Market Share by Product, 2021 (%)
The Positive displacement compressors segment has significant market share in industrial air compressor market
Positive displacement compressors are anticipated to hold the major share during the forecast period. Positive displacement includes reciprocating and rotary compressors. Reciprocating compressors are the most widely used type of air compression and are normally found in small and medium-sized enterprises. These are generally utilized to supply air to building control and automation systems. Large reciprocating compressors are used in specialized processes, such as high-pressure applications (automotive and food and beverage). However, rotary screw compressors have a major benefit over small air-cooled reciprocating units.
Regional Outlooks
The global industrial air compressor market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). North America industrial air compressor market is witnessing significant growth owing to the supporting government programs to encourage the adoption of energy-efficient industrial solutions. As per the US Department of Energy, in 2020, the industrial sector accounted for 36% of total US end-use energy consumption and 33% of total US energy consumption. As a result, the government is providing grants and tax benefits to the industries for the adoption of energy-efficient solutions.
Global Industrial Air Compressor Market Growth, by Region 2021-2028
The Asia-Pacific is estimated to witness lucrative growth in the market during the forecast period
Rapid growth in industrialization and significant adoption in a range of industries, such as energy, power and construction industry are some crucial factors encouraging the growth of the market in the region. In India, the government has taken some crucial initiatives to promote industrialization such as Make in India initiative and allowing significant foreign direct investment (FDI) in multiple sectors. This, in turn, is contributing to the adoption of air compressors in industries. As per the Bureau of Energy Agency, Air compressors account for a significant amount of electricity used in Indian industries. These are employed in a range of industries to deliver process requirements, to operate pneumatic tools and equipment, and to meet instrumentation needs. As a result, the Indian government has enacted the Energy Conservation Act, 2001 and set up the Bureau of Energy Efficiency in March 2002. This is intended to strengthen the delivery mechanism for energy-efficient services in the country and thereby is anticipated to strengthen the demand for energy-efficient air compressors in the country
Market Players Outlook
The major companies serving the global industrial air compressor market are Atlas Copco AB, Hitachi Industrial Equipment Systems Co., Ltd., Ingersoll-Rand PLC, Siemens AG, and The General Electric Co. Chicago Pneumatic, Doosan Portable Power Co., ELGi, Elliott Co., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2021, Atlas Copco has acquired MidState Air compressor, a US-based distributor of compressors and provider of service. The acquisition strengthens the company to continue its presence in the region by providing air compressors.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global industrial air compressor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Industrial Air Compressor Market
• Recovery Scenario of Global Industrial Air Compressor Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight and Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key CompanyAnalysis
3.1.1. Atlas Copco AB
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Hitachi Industrial Equipment Systems Co., Ltd.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Ingersoll-Rand PLC
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Siemens AG
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. The General Electric Co.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Industrial Air Compressor Market by Product
5.1.1. Dynamic Displacement Compressors
5.1.1.1. Axial Flow Air Compressor
5.1.1.2. Centrifugal Compressor
5.1.2. Positive Displacement Compressors
5.1.2.1. Rotary Air Compressor
5.1.2.2. Reciprocating Compressor
5.2. Global Industrial Air Compressor Market by Type
5.2.1. Portable
5.2.2. Stationary
5.3. Global Industrial Air Compressor Market by End-User
5.3.1. Food and Beverage
5.3.2. Oil and Gas
5.3.3. Manufacturing
5.3.4. Energy and Power
5.3.5. Automotive
5.3.6. Others (Construction and Mining and Healthcare)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. BOGE
7.2. Bauer Compressors Inc.
7.3. Chicago Pneumatic
7.4. Doosan Portable Power Co.
7.5. ELGi
7.6. Elliott Co.
7.7. Hitachi Industrial Equipment Systems Co., Ltd.
7.8. Kirloskar
7.9. Kobe Steel Ltd.
7.10. Kyocera Senco Industrial Tools, Inc
7.11. MAN Energy Solutions SE
7.12. Mitsubishi Heavy Industries Compressor Corp.
7.13. Rix Industries Inc.
7.14. Stanley Black & Decker Inc.
7.15. Sulzer
1. GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2028($ MILLION)
2. GLOBAL DYNAMIC DISPLACEMENT INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028($ MILLION)
3. GLOBAL POSITIVE DISPLACEMENT INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028($ MILLION)
4. GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2028($ MILLION)
5. GLOBAL PORTABLE INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028($ MILLION)
6. GLOBAL STATIONARY INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028($ MILLION)
7. GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2028($ MILLION)
8. GLOBAL INDUSTRIAL AIR COMPRESSOR IN FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028($ MILLION)
9. GLOBAL INDUSTRIAL AIR COMPRESSOR IN OIL AND GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028($ MILLION)
10. GLOBAL INDUSTRIAL AIR COMPRESSOR IN MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028($ MILLION)
11. GLOBAL INDUSTRIAL AIR COMPRESSOR IN ENERGY AND POWER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028($ MILLION)
12. GLOBAL INDUSTRIAL AIR COMPRESSOR IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028($ MILLION)
13. GLOBAL INDUSTRIAL AIR COMPRESSOR IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2028($ MILLION)
14. GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2022-2028($ MILLION)
15. NORTH AMERICAN INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2028($ MILLION)
16. NORTH AMERICAN INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2028($ MILLION)
17. NORTH AMERICAN INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2028($ MILLION)
18. EUROPEAN INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2028($ MILLION)
19. EUROPEAN INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2028($ MILLION)
20. EUROPEAN INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2028($ MILLION)
21. ASIA-PACIFIC INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2028($ MILLION)
22. ASIA-PACIFIC INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2028($ MILLION)
23. ASIA-PACIFIC INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY END-USER 2022-2028($ MILLION)
24. REST OF THE WORLD INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2028($ MILLION)
25. REST OF THE WORLD INDUSTRIAL AIR COMPRESSOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2028($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET, 2021-2028 (%)
4. GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET SHARE BY PRODUCT, 2021 VS 2028 (%)
5. GLOBAL DYNAMIC DISPLACEMENT INDUSTRIAL AIR COMPRESSOR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL POSITIVE DISPLACEMENT INDUSTRIAL AIR COMPRESSOR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET SHARE BY TYPE, 2021 VS 2028 (%)
8. GLOBAL PORTABLE INDUSTRIAL AIR COMPRESSOR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL STATIONARY INDUSTRIAL AIR COMPRESSOR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL INDUSTRIAL AIR COMPRESSOR MARKET SHARE BY END-USER, 2021 VS 2028 (%)
11. GLOBAL INDUSTRIAL AIR COMPRESSOR IN FOOD AND BEVERAGE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL INDUSTRIAL AIR COMPRESSOR IN OIL AND GAS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL INDUSTRIAL AIR COMPRESSOR IN MANUFACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL INDUSTRIAL AIR COMPRESSOR IN ENERGY AND POWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL INDUSTRIAL AIR COMPRESSOR IN AUTOMOTIVE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL INDUSTRIAL AIR COMPRESSOR IN OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. US INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
18. CANADA INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
19. UK INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
20. FRANCE INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
21. GERMANY INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
22. ITALY INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
23. SPAIN INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF EUROPE INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
25. INDIA INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
26. CHINA INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
27. JAPAN INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD INDUSTRIAL AIR COMPRESSOR MARKET SIZE, 2021-2028 ($ MILLION)
