Industrial Air Compressor Market Size, Revenue Analysis, Opportunities, Trends, Product Launch, 2030


According to MRFR analysis, the Global Industrial Air Compressor Market is expected to register a CAGR of 7.02% from 2022 to 2030and hold a value of over USD 63.9 billion by 2030

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Market Research Future Insights

Global industry is expected to grow faster than ever before due to new technologies and various key industry players choosing multiple business tactics to expand globally by 2030.

Government policies and various regulations are playing vital role in this industry. Regional market growth is outstanding post pandemic. Some drivers and trends are helping the industry to grow at a high CAGR during forecast period 2023-2030.

According to MRFR analysis, the Global Industrial Air Compressor Market is expected to register a CAGR of 7.02% from 2022 to 2030and 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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COVID-19 Analysis:

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.

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.

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.

Regions Covered:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

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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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