Industrial Air Compressor Market is anticipated to grow USD 63.9 Billion at a CAGR of 7.02% by 2030
Research Reports
Aug 13, 2023
According to MRFR analysis, the Global Industrial Air Compressor Market is expected to register a CAGR of~7.02% from 2023 to 2030 and hold a value of over USD 63.9 billion by 2030.
The Global Industrial Air Compressor Market refers to the worldwide demand, supply, and trade of air compressors that are designed for use in industrial applications. The market includes different types of air compressors such as reciprocating, rotary screw, and centrifugal compressors.
Factors driving the growth of the global industrial air compressor market include increasing demand for energy-efficient and reliable compressed air systems, rising industrialization in developing countries, and increasing investment in the construction and manufacturing sectors.
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The COVID-19 pandemic had a significant impact on the Global Industrial Air Compressor Market. The pandemic has caused disruptions in supply chains, reduced demand for industrial products and services, and led to a decline in global economic activity. As a result, the demand for industrial air compressors has also been impacted.
During the early stages of the pandemic, many manufacturing facilities, construction sites, and other industrial operations were forced to shut down temporarily, which led to a decline in demand for industrial air compressors.
Key Players
Some of the key market players are:
- Atlas Copco (Sweden)
- Danfoss (Denmark)
- Ingersoll-Rbd Plc (Ireland)
- GE Oil and Gas (US)
- Hitachi Ltd (Japan)
- Sullair LLC (US)
- Gardner Denver (US)
- Elloitt Group Ltd. (US)
- Kirloskar Pneumatics Co. Ltd. (India)
- Sulzer AG (Switzerland)
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Regional Analysis
The largest region of the Global Industrial Air Compressor Market is Asia-Pacific. The Asia-Pacific region has a large and rapidly growing manufacturing sector, which drives the demand for industrial air compressors in various industries, including automotive, construction, and electronics.
The increasing demand for energy-efficient and reliable compressed air systems, along with the rising investment in infrastructure and manufacturing in the region, are some of the key factors driving the growth of the industrial air compressor market in the Asia-Pacific region.
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Market Segmentation
The Global Industrial Air Compressor Market has been segmented into type, compressor and end-user.
Based on the type, market has been segmented into dynamic and positive displacement.
Based on the compressor, market has been segmented into oil-lubricated and oil-free.
Based on the end-user, market has been segmented into oil and gas, chemicals and petrochemicals, food and beverage, metals and mining and automotive.
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