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Industrial Air Compressor Market

Industrial Air Compressor Market Forecasts to 2028 – Global Analysis By Driver (Electric, Natural Gas), Design (Stationary, Portable), Pressure Up To 20 Bar, 21–100 Bar, Above 100 Bar,) and By Geography

4.1 (46 reviews)
Published: May 2022 ID: SMRC21467
4.1 (46 reviews)
Published: May 2022 ID: SMRC21467

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Industrial Air Compressor Market is accounted for $33.95 billion in 2021 and is expected to reach $56.69 billion by 2028 growing at a CAGR of 7.6% during the forecast period. An industrial air compressor uses either an electric motor or diesel or gasoline to convert power to potential energy stored in pressurized air. Industrial air compressors have been used in several applications such as for spraying crops, ventilating silos in agricultural facilities, running pneumatic machinery in manufacturing operations, and operating laundry pressers in dry cleaners.

Market Dynamics:

Driver:

Technological Modernizations and High Demand for Portable Air Compressor


As there are developments in technology, more industries are harnessing the potential of compressed air as an energy alternative and users of air compressors trade up their equipment for newer models. Replacement of equipment with new and improved technology air compressors leads to boosted efficiency, greater ease of use, and overall savings in operating costs. These qualities have been compelling users of air compressors to replace their machines regularly, thereby driving the market growth. The increasing popularity of air compressors is the innovation that goes into newer models in the air compressors market. As manufacturers in India have been announcing new types of reciprocating and rotary screw air compressors, the machines become more robust, easier to operate, and better equipped for some of the most demanding applications across a wide range of industrial uses.

Restraint:

High Cost & Maintenance


The air compressors are extremely susceptible to over-heating. Compressed air can generate lots of heat and all that hot air has to be removed before it reaches the warning temperature as it can cause damage to the system. The cost of it ranges from $100-$600 depending on the application. Other hidden costs such as installation and operational costs associated with it restrain the market growth. High temperature may cause damage to the air compressor over some time, so identifying a temperature problem early is critical. Therefore, high cost and maintenance problems have been hampering the growth of the market.

Opportunity:

Growing Demand for Energy-Efficient Air Compressors


With a growing focus on energy costs and rising greenhouse gas emissions, attention has shifted toward the use of energy-efficient compressed air solutions. A compressed air system is one of the key industry equipment that has to follow energy policy. Meanwhile, easy and safe generation of compressed air is increasing the use of air compressors in various industrial applications. According to the US DOE, 50% of industrial plant air systems harbor opportunities for large energy savings with relatively low project costs. To achieve energy savings, compressed air systems require proper maintenance and high-level monitoring. This results in an enhanced life cycle of pneumatic devices and ensures higher reliability of compressed air systems. Modern compressors can achieve long-term savings and ensure a cleaner environment. Environment-friendly compressors need less fuel and make less noise. Also, the modern generation air compressor systems have a heat recovery feature, which helps recover up to 94% of the heat generated by the compressors. This recovered energy can be used for pre-heating of the feed water or air. This is a major advancement for power generation industries. The modern air system also recommends using IE4 compliant motors as they help reduce electricity consumption.

Threat:

Adherence to Rigorous Quality Standards


The countries have introduced new emission standards for compressors to improve air quality by decreasing the discharge of contaminants. The criteria are often rationalized time-to-time, which may need the manufacturer to make radical adjustments in the design and performance of the industrial air compressors. Also, contagion of compressed air is a severe issue for several industries such as food & beverages, healthcare, pharmaceuticals, and chemicals. A safer compressed air supply is required to uphold an efficient and cost-effective production. The majority of the industrialized nations have imposed stringent rules and regulations, which must be adhered to during the use of compressors, to limit the emission of contaminants by air compressors and prevent health hazards due to contaminated compressed air. Additionally, in the compressed air industry, standards may also be produced by trade associations such as PNEUROP (European Association of Manufacturers of Compressors, Vacuum Pumps, Pneumatic Tools, and Air & Condensate Treatment Equipment) and CAGI (United States Compressed Air and Gas Institute).

Oil-Flooded segment is expected to be the largest during the forecast period

Oil-flooded segment is expected to have largest share, due to the advancement of food grade oils and increasing usage as they are more economical and generally complete the compression process in a single stage. These compressors are generally used in industries such as plastics, oil & gas, rubber, textiles, metals, and mining, among others, where cleaner compressed air requirement is optional. Oil-flooded compressors use oil to lubricate the air compression chamber, lubricate parts, and seal in the air.

The rotary segment is expected to have the highest CAGR during the forecast period

The rotary segment is expected to have the highest CAGR, due to the high adoption of rotary air compressors in large industrial applications. These compressors are further bifurcated into scroll, screw, and a few other technologies such as lobe & vane. Rotary air compressors have been replacing the reciprocating industrial compressors since the past few years and are likely to continue in the upcoming years. They require minimum maintenance, offer better efficiency, and possess comparatively lower preliminary costs.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, owing to the growth of industries such as chemicals and petrochemicals, manufacturing, power generation, pharmaceuticals, and food and beverages. It is driven by increasing industrialization and development activities in the emerging economies of the region. China leads the vehicle production by a distinguished margin. These factors along with the electronic sector progress in India, China, South Korea, and Japan will indicate the regional industrial air compressors demand.

Region with highest CAGR:

North America is projected to have the highest CAGR, owing to the growth potential from varied industries, high adoption due to availability of energy-efficient products, demand for technologically advanced & low-cost products, and others. However, each factor has its definite impact on the market. Increasing application of oil-free compressors in healthcare industries due to stringent regulation has been proliferating the market growth. Additionally, the growing adoption of portable air compressors and replacement of older equipment with new models have been creating opportunities for the market across this region.

Key players in the market:

Some of the key players profiled in the Industrial Air Compressor Market include Atlas Copco, Baker Hughes Company, Bauer Kompressoren GmbH, Burckhardt, Elgi Equipments, General Electric Company, 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.

Key developments:

In February 2020: Atlas Copco acquired Dr. Gustav Gail Drucklufttechnik GmbH, a German distributor of industrial compressors and services. The company will be part of the service division within the compressor technique business area of Atlas Copco

In December 2019: ELGi had launched electric and diesel portable air compressor which is of energy efficient at an international exhibition Centre, EXCON 2019. Adoption of this type of air compressors in various industries for energy efficiency set to increase the Indian air compressor market share.

In March 2021: Hitachi Global Life Solutions, a subsidiary of Hitachi, signed an agreement to transfer all outstanding shares of Hitachi Compressor (Thailand), Ltd., a wholly owned subsidiary in Thailand that manufactures compressors for refrigerators, to Midea Electric Trading (Singapore) Co. Pte, Ltd., a subsidiary of China's Midea Group and a trading company for home appliances sales.

Drivers Covered: 
• Electric
• Natural Gas
• Fuel Driven 

Designs Covered:
• Stationary
• Portable 

Pressures Covered:
• Up To 20 Bar
• 21–100 Bar
• Above 100 Bar
 
Output Powers Covered:
• Up To 50 kW
• 51–250 kW
• 251–500 kW
• Above 500 kW

Seal Types Covered:
• Oil-Flooded
• Oil-Free

Coolant Types Covered:
• Air-Cooled
• Water-Cooled

Products Covered:
• Positive Displacement
• Dynamic Displacement

Compression Stages Covered:
• Single Stage
• Double Stage
• Multistage

End Users Covered:
• Chemicals & Petrochemicals
• Food & Beverages
• Oil & Gas
• Pharmaceuticals
• Construction
• Automotive & Transportation
• Packaging (Includes PET Blowing)
• Power Generation
• Healthcare
• Metals & Mining
• Manufacturing
• Other End User

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary    
     
2 Preface    

 2.1 Abstract   
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions  
     
3 Market Trend Analysis    
 3.1 Introduction   
 3.2 Drivers   
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats   
 3.6 Product Analysis   
 3.7 End User Analysis   
 3.8 Emerging Markets   
 3.9 Impact of Covid-19   
     
4 Porters Five Force Analysis    

 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry   
     
5 Global Industrial Air Compressor Market, By Driver     
 5.1 Introduction   
 5.2 Electric   
 5.3 Natural Gas   
 5.4 Fuel Driven   
     
6 Global Industrial Air Compressor Market, By Design    
 6.1 Introduction   
 6.2 Stationary   
 6.3 Portable   
     
7 Global Industrial Air Compressor Market, By Pressure    
 7.1 Introduction   
 7.2 Up To 20 Bar   
 7.3 21–100 Bar   
 7.4 Above 100 Bar   
     
8 Global Industrial Air Compressor Market, By Output Power    

 8.1 Introduction   
 8.2 Up To 50 kW   
 8.3 51–250 kW   
 8.4 251–500 kW   
 8.5 Above 500 kW   
     
9 Global Industrial Air Compressor Market, By Seal Type    
 9.1 Introduction   
 9.2 Oil-Flooded   
 9.3 Oil-Free   
     
10 Global Industrial Air Compressor Market, By Coolant Type    
 10.1 Introduction   
 10.2 Air-Cooled   
 10.3 Water-Cooled   
     
11 Global Industrial Air Compressor Market, By Product    
 11.1 Introduction   
 11.2 Positive Displacement   
  11.2.1 Reciprocating  
  11.2.2 Rotary  
   11.2.2.1 Screw 
   11.2.2.2 Scroll 
   11.2.2.3 Others 
    11.2.2.3.1 Vane
    11.2.2.3.2 Lobe industrial air compressors
 11.3 Dynamic Displacement   
  11.3.1 Centrifugal  
  11.3.2 Axial  
     
12 Global Industrial Air Compressor Market, By Compression Stage    
 12.1 Introduction   
 12.2 Single Stage   
 12.3 Double Stage   
 12.4 Multistage   
     
13 Global Industrial Air Compressor Market, By End User    

 13.1 Introduction   
 13.2 Chemicals & Petrochemicals   
 13.3 Food & Beverages   
 13.4 Oil & Gas   
 13.5 Pharmaceuticals   
 13.6 Construction   
 13.7 Automotive & Transportation   
 13.8 Packaging (Includes PET Blowing)   
 13.9 Power Generation   
 13.10 Healthcare   
 13.11 Metals & Mining   
 13.12 Manufacturing   
 13.13 Other End User   
  13.13.1 Textiles  
  13.13.2 Paper & Pulp  
  13.13.3 Rubber & Plastics  
  13.13.4 Agriculture  
  13.13.5 Water & Wastewater Treatment  
  13.13.6 Aerospace & Defense  
     
14 Global Industrial Air Compressor Market, By Geography    
 14.1 Introduction   
 14.2 North America   
  14.2.1 US  
  14.2.2 Canada  
  14.2.3 Mexico  
 14.3 Europe   
  14.3.1 Germany  
  14.3.2 UK  
  14.3.3 Italy  
  14.3.4 France  
  14.3.5 Spain  
  14.3.6 Rest of Europe  
 14.4 Asia Pacific   
  14.4.1 Japan  
  14.4.2 China  
  14.4.3 India  
  14.4.4 Australia  
  14.4.5 New Zealand  
  14.4.6 South Korea  
  14.4.7 Rest of Asia Pacific  
 14.5 South America   
  14.5.1 Argentina  
  14.5.2 Brazil  
  14.5.3 Chile  
  14.5.4 Rest of South America  
 14.6 Middle East & Africa   
  14.6.1 Saudi Arabia  
  14.6.2 UAE  
  14.6.3 Qatar  
  14.6.4 South Africa  
  14.6.5 Rest of Middle East & Africa  
     
15 Key Developments    
 15.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 15.2 Acquisitions & Mergers   
 15.3 New Product Launch   
 15.4 Expansions   
 15.5 Other Key Strategies   
     
16 Company Profiling    
 16.1 Atlas Copco   
 16.2 Baker Hughes Company   
 16.3 Bauer Kompressoren GmbH   
 16.4 Burckhardt   
 16.5 Elgi Equipments   
 16.6 General Electric Company   
 16.7 Hitachi Industrial Equipment Systems Co.   
 16.8 Howden Group   
 16.9 IHI Corporation   
 16.10 Ingersoll Rand   
 16.11 Kaeser Kompressoren   
 16.12 Kaishan Compressor Co. Ltd   
 16.13 Kobelco Compressors   
 16.14 MAN SE   
 16.15 MITSUBISHI HEAVY INDUSTRIES, LTD   
 16.16 Quincy Compressor   
 16.17 Siemens Energy AG   
 16.18 Sullair LLC   


List of Tables     
1 Global Industrial Air Compressor Market Outlook, By Region (2020-2028) (US $MN)     
2 Global Industrial Air Compressor Market Outlook, By Driver  (2020-2028) (US $MN)     
3 Global Industrial Air Compressor Market Outlook, By Electric (2020-2028) (US $MN)     
4 Global Industrial Air Compressor Market Outlook, By Natural Gas (2020-2028) (US $MN)     
5 Global Industrial Air Compressor Market Outlook, By Fuel Driven (2020-2028) (US $MN)     
6 Global Industrial Air Compressor Market Outlook, By Design (2020-2028) (US $MN)     
7 Global Industrial Air Compressor Market Outlook, By Stationary (2020-2028) (US $MN)     
8 Global Industrial Air Compressor Market Outlook, By Portable (2020-2028) (US $MN)     
9 Global Industrial Air Compressor Market Outlook, By Pressure (2020-2028) (US $MN)     
10 Global Industrial Air Compressor Market Outlook, By Up To 20 Bar (2020-2028) (US $MN)     
11 Global Industrial Air Compressor Market Outlook, By 21–100 Bar (2020-2028) (US $MN)     
12 Global Industrial Air Compressor Market Outlook, By Above 100 Bar (2020-2028) (US $MN)     
13 Global Industrial Air Compressor Market Outlook, By Output Power (2020-2028) (US $MN)     
14 Global Industrial Air Compressor Market Outlook, By Up To 50 kW (2020-2028) (US $MN)     
15 Global Industrial Air Compressor Market Outlook, By 51–250 kW (2020-2028) (US $MN)     
16 Global Industrial Air Compressor Market Outlook, By 251–500 kW (2020-2028) (US $MN)     
17 Global Industrial Air Compressor Market Outlook, By Above 500 kW (2020-2028) (US $MN)     
18 Global Industrial Air Compressor Market Outlook, By Seal Type (2020-2028) (US $MN)     
19 Global Industrial Air Compressor Market Outlook, By Oil-Flooded (2020-2028) (US $MN)     
20 Global Industrial Air Compressor Market Outlook, By Oil-Free (2020-2028) (US $MN)     
21 Global Industrial Air Compressor Market Outlook, By Coolant Type (2020-2028) (US $MN)     
22 Global Industrial Air Compressor Market Outlook, By Air-Cooled (2020-2028) (US $MN)     
23 Global Industrial Air Compressor Market Outlook, By Water-Cooled (2020-2028) (US $MN)     
24 Global Industrial Air Compressor Market Outlook, By Product (2020-2028) (US $MN)     
25 Global Industrial Air Compressor Market Outlook, By Positive Displacement (2020-2028) (US $MN)     
26 Global Industrial Air Compressor Market Outlook, By Reciprocating (2020-2028) (US $MN)     
27 Global Industrial Air Compressor Market Outlook, By Rotary (2020-2028) (US $MN)     
28 Global Industrial Air Compressor Market Outlook, By Dynamic Displacement (2020-2028) (US $MN)     
29 Global Industrial Air Compressor Market Outlook, By Centrifugal (2020-2028) (US $MN)     
30 Global Industrial Air Compressor Market Outlook, By Axial (2020-2028) (US $MN)     
31 Global Industrial Air Compressor Market Outlook, By Compression Stage (2020-2028) (US $MN)     
32 Global Industrial Air Compressor Market Outlook, By Single Stage (2020-2028) (US $MN)     
33 Global Industrial Air Compressor Market Outlook, By Double Stage (2020-2028) (US $MN)     
34 Global Industrial Air Compressor Market Outlook, By Multistage (2020-2028) (US $MN)     
35 Global Industrial Air Compressor Market Outlook, By End User (2020-2028) (US $MN)     
36 Global Industrial Air Compressor Market Outlook, By Chemicals & Petrochemicals (2020-2028) (US $MN)     
37 Global Industrial Air Compressor Market Outlook, By Food & Beverages (2020-2028) (US $MN)     
38 Global Industrial Air Compressor Market Outlook, By Oil & Gas (2020-2028) (US $MN)     
39 Global Industrial Air Compressor Market Outlook, By Pharmaceuticals (2020-2028) (US $MN)     
40 Global Industrial Air Compressor Market Outlook, By Construction (2020-2028) (US $MN)     
41 Global Industrial Air Compressor Market Outlook, By Automotive & Transportation (2020-2028) (US $MN)     
42 Global Industrial Air Compressor Market Outlook, By Packaging (Includes PET Blowing) (2020-2028) (US $MN)     
43 Global Industrial Air Compressor Market Outlook, By Power Generation (2020-2028) (US $MN)     
44 Global Industrial Air Compressor Market Outlook, By Healthcare (2020-2028) (US $MN)     
45 Global Industrial Air Compressor Market Outlook, By Metals & Mining (2020-2028) (US $MN)     
46 Global Industrial Air Compressor Market Outlook, By Manufacturing (2020-2028) (US $MN)     
47 Global Industrial Air Compressor Market Outlook, By Other End User (2020-2028) (US $MN)     
48 Global Industrial Air Compressor Market Outlook, By Textiles (2020-2028) (US $MN)     
49 Global Industrial Air Compressor Market Outlook, By Paper & Pulp (2020-2028) (US $MN)     
50 Global Industrial Air Compressor Market Outlook, By Rubber & Plastics (2020-2028) (US $MN)     
51 Global Industrial Air Compressor Market Outlook, By Agriculture (2020-2028) (US $MN)     
52 Global Industrial Air Compressor Market Outlook, By Water & Wastewater Treatment (2020-2028) (US $MN)     
53 Global Industrial Air Compressor Market Outlook, By Aerospace & Defense (2020-2028) (US $MN)     
     
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.    

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