“According to the research report published by Polaris Market Research, the global industrial air compressor market was valued at USD 32.69 billion in 2021 and is expected to reach USD 52.71 billion by 2030, to grow at a CAGR of 5.7% during the forecast period.”
The report delivers significant research data and proof to be a ready-to-access and self-analyzed study for managers, analysts, industry experts, and other key people, assisting them in making crucial business decisions. The report comprises qualitative and quantitative information on the Industrial Air Compressor Market that provides historical data and growth forecast. It covers recent developments, technologies, and the changing investment structure of the market. The report is showcased with self-explained tables and charts in a presentable format.
Product demand is high due rise in the adoption of variable-speed systems, low maintenance charges, efficient and streamlined operation, and retrofitting of the existing systems. Due to their cost-effectiveness, such energy-efficient compressors are in demand. These devices are majorly used to assess the impact of air and gas compressors. The introduction of non-oil & gas-based projects and ongoing industrial developments also favored the market growth of industrial compressor.
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Further, major manufacturers produce eco-friendly and low-maintenance systems to encourage end customers to choose next-generation products. Companies like Doosan Infracore and Atlas Copco have designed new generation systems with supreme capabilities to stay competitive. For instance, in June 2021, the Evolution Series of portable compressors from Doosan Infracore (Doosan Portable Power) was released. Doosan portable compressors have received a considerable technological upgrade with these new units. This technology, a new feature that enables operators to modify pressure to the broadest range, is available on three models in this new series.
Based on the end-user industry, the chemicals & petrochemicals segment accounted for the leading share in the market. With rising demand for chemical and petrochemical goods from emerging nations, the chemicals and petrochemicals industry is likely to be the largest user of industrial compressors throughout the forecast period. Furthermore, large-scale new chemical and petrochemical projects and expansions of existing operations are being planned in Asia’s growing countries, which are projected to fuel the market growth of industrial compressors.
Top Key Players:
- Aerzener Maschinenfabrik
- Atlas Copco AB
- Baker Hughes
- Bauer Kompressoren GmbH
- Coaire
- Danfoss
- EBARA Corporation
- FS-Curtis (Curtis-Toledo Inc.)
- Fusheng Group
- Hanwha Power Systems
- Howden Group
- Hubei Teweite Power Technology
- Kaeser Kompressoren
- Mitsubishi Heavy Industries
- Nidec
- Siemens Energy
- Sulzer
- SungShin Compressor
- Zhejiang Kaishan Compressor Co. Ltd (Kaishan Group)
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Polaris market research has segmented the industrial air compressor market report based on product type, end-user industry, output power, coolant type, and region:
Industrial Air Compressor, Product Type Outlook (Revenue – USD Billion)
- Positive Displacement
- Reciprocating
- Rotary
- Screw
- Scroll
- Others
- Dynamic Displacement
- Centrifugal
- Axial
Industrial Air Compressor, End-User Industry Outlook (Revenue – USD Billion)
- Chemicals & Petrochemicals
- Food & Beverages
- Oil & Gas
- Pharmaceuticals
- Construction
- Automotive & Transportation
- Packaging
- Power Generation
- Healthcare
- Metals & Mining
- HVAC
- Others
Industrial Air Compressor, Output Power Outlook (Revenue – USD Billion)
- Up To 50 kW
- 51–250 kW
- 251–500 kW
- Above 500 kW
Industrial Air Compressor, Coolant Type Outlook (Revenue – USD Billion)
- Air-Cooled
- Water-Cooled
Industrial Air Compressor, Regional Outlook (Revenue – USD Billion)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Netherlands
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Latin America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Key Questions Answered with This Study
- What makes the market feasible for long-term investment?
- What geographic region would have better demand for products/services?
- What opportunity emerging territory would offer to established and new entrants in the market?
- How influencing factors driving the demand for Industrial Air Compressor Market in the next few years?
- What is the impact analysis of various factors in the market growth?
- What strategies of major players help them acquire share in a mature market?
- What are the recent trends in the regional market?
- What will be the market-based future possibilities, development patterns, and Industrial Air Compressor Market elements?
Browse market data Tables and Figures and in-depth TOC on Industrial Air Compressor Market Forecast Report (2023-2032) @ https://www.polarismarketresearch.com/industry-analysis/industrial-air-compressor-market
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