Industrial Air Compressor Market

How Does Historical and Future Outlook for Industrial Air Compressor Market Match Up?

The history of air compressors is synced with the innovation of bellows used for metal production in 1820s. In the mid-1800s, compressor technology was introduced to the world, with its unique features. Air compressors rapidly gained application in various end use sectors. In the early 1900s, the rise of automobiles and the aviation industry occurred, which gave rise to huge demand for industrial air compressors. In that era, the world witnessed many technological advancements in air compressor technologies and working, which drove the sales of air compressors and made them popular in various end uses.

Industrial air compressors are one of the key components for air separation units, since they provide compression as well as being used for cooling applications at various stages. Air compressors are also efficient, sustainable and economical solutions for power generation. The food & beverage industry has made massive use of air compressors in the past few decades, which is continuously driving the demand for air compressors.

The air compressors market has experienced significant growth in the past few years due to expansion of various end-use sectors. Rapidly growing industries and increasing investments for mechanical equipment in developing and developed countries like the U.S., China, India, Germany, and others are driving the market for air compressors. Also, new investments in the oil & gas sector in Europe and North America is likely to boost the demand for air compressors. Future Market Insights expects the global industrial air compressor market to expand at over 4.6% CAGR through 2031.

What is the Commercial Potential of Industrial Air Compressors?

The demand for industrial air compressors is projected to surge during the forecast period due to their usage in various industrial applications. Industrialization is gaining momentum in developing nations such as China, India, Russia, and others. The demand for air compressors is majorly rising from the oil & gas sector due to their extensive application in oil & gas transportation pipelines. Substantial increase in investments for brownfield and greenfield projects, coupled with planned cross-country pipeline projects, is expected to create positive prospects for growth in demand over the coming years.

Competitive price offering and rise in end user satisfaction by providing innovative and customized products according to the end user requirements are the result of enhanced R&D activities. Moreover, establishing sales and service facilities in emerging countries, coupled with long-term partnerships with regional distributors, is also paving the way for the expansion of the reach of market players.

Country-wise Insights

How large is the Opportunity in the U.S.?

Future Market Insights has projected the U.S. to remain one of the most lucrative markets throughout the course of the forecast period. The overall valuation of the U.S. market is expected to surpass US$ 4.44 Bn in 2021.

Key factor supporting market expansion is the country’s high production and consumption of oil. The oil production output increased by 11% from 2018 to 2019. Industrial air compressors are a key component in oil production plants and transportation, therefore, rising oil production is expected to bode well for the market.

Furthermore, growth in the food & beverage industry, pharmaceutical and chemical industries also created opportunities for the expansion of the market in the U.S.

What is the outlook in Germany for Industrial Air Compressors?

Germany holds a leading share in the Europe market for industrial air compressors. It holds around 1/6 of the European market owing to excessive demand from the growing automotive industry in the country. Moreover, upcoming gas transportation pipeline projects in Germany are providing the impetus for the industrial air compressor market’s growth. Furthermore, rapidly growing mining and pharmaceutical industries in the country fuel the demand.

What’s Driving Sales of Air Compressors in China?

China has been exhibiting high demand for industrial air compressors. Sales in China is expected to rise at a CAGR of 5.7% between 2021 and 2031, finds the report. China is one of the leading nations experiencing rapid industrialization and automation growth, owing to which it is exhibiting a substantial increase in demand for industrial air compressors.

China has been increasingly investing in upcoming power generation projects and air separation units, which is driving the demand for industrial air compressors. Growing food & beverages and chemical industries are also key to the growth of the market for industrial air compressors in China.

What is the market Scenario in India for Industrial Air Compressors?

India registers the highest demand for air compressors within South Asia & Pacific. It holds around one-third demand share of industrial air compressors market in the region. India is one of the fastest developing nations in the world and is continuously investing in industrial growth. The Indian government is working on a vision to be among the top 2 leading automotive manufacturers till 2030, which is leading to great demand for industrial air compressors. Industrial air compressors also have large demand scope in power generation, mining, and the oil & gas sector in India.

How are GCC Countries Faring in the Market?

There has been a significant surge in the use of industrial air compressors in GCC countries. The region has some of the world's fastest growing economies, thanks to a surge in oil & natural gas revenues, as well as a investment boom fuelled by decades of petroleum revenue savings. The core GCC states of Saudi Arabia, the United Arab Emirates, Kuwait, and Qatar are leading oil & gas producing countries, due to which imports of industrial air compressors for production and transportation purpose are rising, driving the industrial air compressor market.

Category-wise Insights

Which Technology type of Industrial Air Compressors Witnesses Most Demand?

The rotary type industrial air compressors accounts for nearly 30% sales in the market. Demand for rotary compressors will remain high due to their increasing application in various end-use sectors. Technological advancements by manufacturers to provide satisfactory solutions to end users are enhancing the application of rotary compressors. They also have a long lifespan and low maintenance costs comparatively, which makes them more preferable for end users.

Which Driver type of Industrial Air Compressor is Most Popular?

Industrial air compressors are used for applications across diverse industries. This has been fuelling the demand for electric driven air compressors. They are the cheapest drivers available in the market, which is a key factor driving sales within the category. Moreover, electric drivers offer simplicity of operations and have less maintenance costs, which is also a key advantage. Electric drivers offer various operating capacity ranges, which enhances their applications in various applications.

Which is the Preferred Compression Stage?

By compression stage, double compression stage industrial air compressors will have higher demand than the rest due to their cost efficiency. According to the study, it is expected to account for over 46% of the market in 2021 in terms of compression stage.

Which Capacity Type Will Generate More Sales?

The capacity segment of 0 HP to 500 HP will exhibit increasing sales due to rising application of this type of air compressors in various end-use sectors. This capacity range holds more than half of the market share in industrial air compressors. Air compressors of this capacity are cost-effective and consume less space, which make them suitable for various end uses.

Who is the Leading End User of Industrial Air Compressors?

Industrial air compressor manufacturers will experience rising demand from various industries. Oil & gas sector will exhibit considerably high demand for industrial air compressors. Investment aimed at expansion of the oil industry will therefore support the growth of the market. The demand in the oil and gas industry is expected to rise at 4.9% CAGR between 2021 and 2031.

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Competitive Landscape

Global industrial air compressor market is dominated by large players globally, who occupy a more than three-fourths of the market. The global market for industrial air compressors comprises some large-scale and mid-scale manufacturers focusing on product innovation and high-end technology development. Key industry participants are investing in strategic alliances and partnerships to gain a competitive advantage in the evolving global market.

These partnerships allow companies to strengthen their technical expertise with improved production capacity. Many key manufacturers are acquiring local distributors and manufacturers to enhance their product reach globally as well as to strengthen their distribution. To enhance the company’s product sales, companies are collaborating and creating partnerships with end users in demanding sectors.

Some of the leading companies operating in the market are:

• Atlas Copco
• Baker Hughes Company
• Bauer Kompressoren GmbH
• Burckhardt
• ELGi
• GE
• Hitachi Industrial Equipment Systems Co.,
• Howden Group
• IHI Corporation
• Ingersoll Rand
• Kaeser Kompressoren
• Kaishan Compressor Co., Ltd.
• Kobelco Compressors
• MAN SE
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Quincy Compressor
• Siemens Energy AG
• Sullair LLC

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of Report

Key Questions Answered in the Report

• Which is the most lucrative market for Industrial Air compressors?

  East Asia currently leads the global market for industrial air compressors. In East Asia, China will have the major share in industrial air compressors market between 2021 and 2031.

• Which are the top-selling Technology Types in Industrial Air Compressors?

  Rotary type industrial air compressors are highly sought-after in many end-use applications. The demand for rotary type industrial air compressors is expected to remain high in the near future.

• Who is the Leading End User for Industrial Air Compressors?

  The oil & gas sector is exhibiting high demand for industrial air compressors. Production and transportation of oil & gas with industrial air compressors is expanding substantially.

• Which are some of the leading companies providing Industrial Air Compressors?

  Some of the leading companies manufacturing industrial air compressors are Atlas Copco, Baker Hughes, Burckhardt Compression, Ingersoll Rand, General Electricals, MAN SE and others.

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Industrial Air Compressor Market by Category

By Technology

• Rotary
• Reciprocating
• Centrifugal
• Axial

By Capacity

• Upto 500 HP
• 500 - 2000 HP
• 2000 - 5000 HP
• 5000 - 12000 HP
• 12000 - 20000 HP
• Above 20000 HP

By Compression Stage

• Single Stage
• Double Stage
• Multistage

By Driver Type

• Electric
• Natural Gas
• Fuel Driven

By End Use

• Automotive and Transportation
• Oil and Gas
• Power Generation
• Chemicals
• Food and Beverages
• Pharmaceuticals
• Mining and Metals
• Industrial Air Separation
• Other manufacturing

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)