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Purchase ReportIndustrial Air Compressor Market Size
Industrial Air Compressor Market size surpassed USD 13 billion in 2022 and is anticipated to expand at 7% CAGR from 2023 to 2032.
Industrial Air Compressor Market Size By Product (Portable, Stationary), By Technology (Rotary [Screw, Scroll], Reciprocating, Centrifugal), By Power, By Lubrication (Oil Free, Oil Filled), By Application & Forecast, 2023 - 2032
Size, byProduct, 2024 - 2032{USD Billion}
Industrial Air Compressor Market size surpassed USD 13 billion in 2022 and is anticipated to expand at 7% CAGR from 2023 to 2032. request a free sample copy
Rapid industrialization across the Asia Pacific is projected to propel the demand for industrial air compressors. Countries such as China, India, and Japan contribute to substantial manufacturing output with large-scale industrial activities that steer economic growth.
The centrifugal industrial air compressor market demand is increasing in various verticals, such as oil and gas, chemical and petrochemical among others due to their high efficiency and reliability. Several governments are introducing favorable policies in line with Industry 4.0 to gain a lead in the ongoing technological and economical race. For instance, the Government of India has dedicated substantial resources along with national policies to empower the nation’s industrial sector. Similar initiatives encouraging large-scale industrial activities showcase lucrative scope for a widespread necessity of industrial air compressors.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Industrial Air Compressor Market Size in 2022 | USD 13,000 USD Million |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 7.3% |
| 2032 Value Projection | USD 26,100 USD Million |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 390 |
| Tables, Charts & Figures | 785 |
| Segments covered | Product, Technology, Lubrication, Power Capacity, Application, Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Strict regulations regarding the use of air compressors may impede the growth of industrial air compressor market. Increasing focus on climate change has compelled government bodies to release stringent product guidelines. However, facilities using air compressors are required to adhere to Environmental Protection Agency (EPA) regulations. Air compressors produce an oil-water blend condensate which if not disposed of properly could lead to environmental degradation.
Industrial Air Compressor Market Analysis
Rotary industrial air compressor industry size is slated to garner USD 17 billion revenues by 2032. Rotary screw air compressors are modified versions of air compressors used in manufacturing facilities, heavy-duty industrial applications, and autobody shops. Compatibility with high-power tools, high energy efficiency, less oil consumption, and longer shelf life are some of the major benefits driving demand for rotary air compressors.
75-500 kW industrial air compressor market will witness a 7.5% growth between 2023 and 2032. Several air compressor providers are introducing state-of-the-art systems with innovative features. In addition, Atlas Copco’s Z compressor series consists of equipment with a capacity of around 300 kW. The suite provides 100% oil-free compressed air along with enhanced reliability and energy efficiency. These air compressors have also gained traction in hospitals to aid various medical applications.
The industry revenues from the oil-filled lubrication segment is estimated to amass USD 16 billion by 2032. There is a growing product demand in the oil and gas industry. The oil and gas industry requires large volumes of compressed air for a range of applications, including powering pneumatic tools, operating valves and actuators, and providing air for oil and gas production processes. Industrial air compressors are ideal for the oil and gas industry because they are designed to handle large volumes of air and can operate continuously, which is necessary for many oil and gas production processes.
Industrial air compressor market from the manufacturing application is poised to reach USD 15 billion by 2032. Manufacturing facilities are equipment intensive and require large and small machines for streamlined operations. Air compressors are vital in manufacturing units to operate air tools on production lines and monitor other equipment. They also play a key role in adjusting roller and feed machinery, sandblasting & metal finishing, and cutting & welding activities. The advent of smart manufacturing and automation will augment the need for advanced industrial air compressors.
Asia Pacific industrial air compressor industry is expected to observe 8% gains during 2023-2032. The region has witnessed a dramatic surge in industrial activities due to rapid urbanization and modernization of the manufacturing sector. Favorable government policies are empowering the key players to innovate air compressor technologies from an environmental perspective.
Asia Pacific (APAC)
The Asia Pacific region is a major contributor to the industrial air compressor market, driven by rapid industrialization, extensive manufacturing, and significant investments in sectors like automotive, construction, energy, and oil & gas.
Countries like China and India are key markets, with China often holding a significant share of the regional revenue.
The region is projected to maintain a strong position due to ongoing industrial expansion and infrastructure development.
North America
North America holds a significant market share and is expected to show steady growth.
Growth is supported by the mature manufacturing industry in the U.S. and the rising popularity of advanced and portable air compressor models.
Europe
The European market is expected to witness steady growth, driven by the expansion of the automotive, construction, and manufacturing industries.
The market is also influenced by stringent energy regulations and the high adoption of advanced, energy-efficient compressor technologies.
Middle East & Africa (MEA)
The MEA region is expected to exhibit notable growth, largely driven by the increasing demand from the oil & gas and mining industries.
Latin America
This region is also projected to show growth due to industrial development and investments across various sectors.
Region Market Size in 2022 (USD Billion)* Anticipated CAGR (2023–2032) Key Market Drivers Global Market ~13.0 ~7.0% Rapid industrialization, technological advancements, rising demand for energy-efficient compressors. Asia Pacific (APAC) Largest Share ~8.0% Rapid industrial growth, modernization of the manufacturing sector, large industrial bases in China and India, increased investment in automotive and energy sectors. North America Significant Share Steady Growth Mature manufacturing industry (U.S.), high adoption of advanced and portable models, stringent energy regulations. Europe Significant Share Steady Growth Expansion of automotive, construction, and manufacturing industries, focus on advanced, energy-efficient technologies. Middle East & Africa (MEA) Growing Share High Growth Increased demand from oil & gas, mining, and large-scale industrial projects. Latin America Growing Share Steady Growth Industrial and infrastructure development, particularly in countries like Brazil and Mexico.
Industrial Air Compressor Market Share
Some of the leading companies in the global industrial air compressor market are
- Atlas Copco
- Sullair LLC
- Gardner Denver Inc
- Kaeser Kompressoren SE
- Ingersoll-Rand plc
- Rolair Systems
- Doosan Portable Powe
- Sullivan-Palatek Inc
- Hubei Teweite Power Technology Company Limited
- Elgi Compressors USA Inc
- Heyner UK Ltd
- Hitachi Industrial Equipment Systems Co Ltd
- Ciasons Industrial Inc
- Mat Holdings Inc
- Oasis Manufacturing
- Aerzener Maschinenfabrik GmbH
- Quincy Compressor
- Vanair Manufacturing Inc
- VMAC Global Technology, Inc (VMAC Company)
- Zen Air Tech Pvt Ltd
- Boge Compressors
- Bauer Compressors Inc
- Air Squared
- Emerson Climate Technologies Inc.,
- Frank Technologies.
These companies are focusing on strategic alliances, mergers, and acquisitions to extend product offerings and customer reach worldwide.
Impact of the COVID-19 pandemic
The COVID-19 pandemic had a negative impact on the business statistics worldwide. Strict lockdown restriction and halting of majority of industrial operations impeded product demand. The outbreak also led to suspending of business expansion activities and pausing of the establishment of new manufacturing plants. However, with resumption of business activities post lockdown restrictions, the demand for industrial air compressors could pick up pace by 2032.
This market research report on industrial air compressor includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand tons and revenue in USD million from 2018 to 2032 for the following segments
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Market, By Product
- Portable
- Stationary
Market, By Technology
- Rotary
- Screw
- Scroll
- Reciprocating
- Centrifugal
Market, By Power
- Up to 15 kW
- 16 - 75 kW
- 75 – 500 kW
- More than 500 kW
Market, By Lubrication
- Oil Free
- Oil Filled
Market, By Application
- Body Food & Beverage
- Oil & Gas
- Energy & Mining
- Semiconductor & Electronics
- Manufacturing
- Construction & Municipal
- Pharma
- Agriculture/Farming
- Others
Market, By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Russia
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait