Industrial Air Compressor Market (By Product: Positive Displacement, Dynamic Displacement; By Design, Stationary, Portable; By Technology: Rotary, Reciprocating, Centrifugal, Axial; By Output Power: Up To 20 Bar, 21–100 Bar, Above 100 Bar; By Pressure; By Seal Type; By Coolant; By Compression Stage; By Driver; By End User)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

According to Nova one advisor, the global Industrial Air Compressor market was valued at USD 34.9 billion in 2021 and it is expected to hit around USD 63.18 billion by 2030 with a CAGR of 7.09% during the forecast period 2022 to 2030.

Key Takeaways:

• Sales in China is projected to increase at a CAGR of 5.9% from 2022 and 2030
• The rotary type industrial air compressors record for 32% sales in the market
• The increasing demand for oil and gas industry is anticipated to rise at a CAGR of 4.9% from 2022 to 2030
• In 2021, the double compression stage segment accounted market share of around 48%
• Asia Pacific region was valued at US$ 5,735.9 million in 2021

The global industrial air compressor market is currently driven by the growing demand for portable air compressors among industries. The industrial air compressor market in Asia Pacific is projected to expand at a high CAGR during the forecast period. The market in Asia Pacific is expected to expand at a rapid rate, owing to the rising demand for petrochemical products such as ethylene derivatives, propylene derivatives, and aromatic products in the region.

China is the most attractive industrial air compressor market in Asia Pacific. The incremental opportunity is significantly higher for China, as it accounts for a dominant share in the industrial air compressor market in the region.

The industrial air compressor market report provides analysis of the global industrial air compressor market for the period 2018 - 2030, wherein 2019 is the base year, 2020 is the estimated year, and 2021 to 2030 is the forecast period. Data for 2018 has been included as historical information.

An industrial air compressor is a positive-displacement compressor, which works on air principle. An air compressor converts electrical energy into powerful kinetic energy, using an electric motor, diesel or gasoline engine, etc.

In this report, we analyze the challenges industries and manufactures face in acquiring the right industrial air compressor that can cope with the rapidly changing world. The report also highlights the total volume and revenue generated through the sale of industrial air compressors across various key regions worldwide.

Report Scope of the Industrial Air Compressor Market

Key Growth Drivers of Industrial Air Compressor Market

• Increase in Demand for Energy-efficient Air Compressors: Energy efficiency is the major concern associated with the use of air compressors. Growing consumer awareness about energy-efficient models primarily fuels the growth of the industrial air compressor market. Commercial, residential, and industrial sectors utilize about one trillion kilowatt-hours of electricity annually.
• Technological Advancements in Air Compressors: Adoption of advanced technologies by global players in the air compressor market is fueling the demand for air compressors in different industries. Technological innovation is a prominent factor in the air compressor market, which results in significant replacement demand for traditional air compressors.

Centrifugal Compressor Technology Replaces Outdated and Costly Compress Designs

Distinct advantages of centrifugal air compressors are translating into revenue opportunities for manufacturers. For instance, Ingersoll Rand - a supplier of complete air compression systems is promoting its MSG® (multi-stage geared) and TURBO-AIR® integrally geared centrifugal compressors that offer outstanding design flexibility. As such, companies in the industrial air compressor market are strengthening their supply chains with aftermarkets to broaden their revenue streams. They are increasing their R&D muscle to improve the flow, input capacity and discharge pressures of industrial air compressors.

The centrifugal compressor technology is increasingly replacing outdated and costly compressor designs in the market. Such attributes of centrifugal compressors bode well for growth of the industrial air compressor market, which is predicted to reach a value worth of US$ 26.9 Bn by 2030. Leading market players with decades of centrifugal expertise are at an advantage as compared to emerging players.

Electric-powered Portable Compressors Help Reduce CO2 Emissions and Fossil Fuel Usage

Variable-speed drives, IoT (Internet of Things) capabilities, and oil-free operations of the next-gen industrial air compressors are delivering high energy efficiency. Companies in the industrial air compressor market are participating in trade shows to gain larger visibility for their new and upgraded products. However, companies need to focus on solutions that cut back on carbon dioxide (CO2) emissions during operations. For this, companies are providing alternatives to fossil fuels that act as efficient energy sources.

Swedish multinational industrial company Atlas Copco has unveiled its latest generation of clean compressors that function on sustainable mobile air technology. Manufacturers in the industrial air compressor market are powering their equipment with lithium-ion batteries and energy-efficient electric motors. Electric-powered portable compressors are emerging as a fitting replacement to diesel-driven units at urban construction sites. The ever-increasing nature of the construction industry is creating a positive impression on compressor manufacturers to boost their production.

Collaborative Efforts of Manufacturers Spark Innovations in Reciprocating Compressors

Manufacturers in the industrial air compressor market are setting their collaboration wheels in motion to innovate in reciprocating compressors. Compressed air & gas system specialist The Titus Company is partnering with multiple equipment manufacturers such as Sauer Compressors to increase their portfolio in reciprocating high-pressure air compressors. Manufacturers are vying opportunities to work with equipment manufacturers that have an extensive experience in oil & gas, military and shipping industries. As such, there is a high demand for affordable industrial air compressors that are delivered on time.

High-performance attributes of air compressors are highly preferred by end users in order to withstand tough work environments. In order to meet the convenience of end users, manufacturers in the industrial air compressor market are increasing their production capabilities to introduce oil-free compressors.

Leading Market Players Leverage Incremental Opportunities in India’s SME Sector

The exponential growth of Asia Pacific countries such as India and China are attracting investor sentiment. Companies in the industrial air compressor market are increasing efforts to broaden their portfolio in specially designed products. Leading market players are providing a range of industrial air compressors to small and medium enterprises (SMEs) in India to meet changing demands of end users. These market players are increasing their production capacities for piston air compressors and screw air compressors to meet various end-use cases. Energy savings and enhanced productivity levels for customers are the key focus points for compressor manufacturers.

Variable speed drive oil-injected screw air compressors are becoming pervasively mainstream in energy savings application, resulting in reduced costs for customers. Companies in the industrial air compressor market are increasing their research capabilities in fixed speed oil-injected screw air compressors to introduce revolutionary screw elements.

Oil-free Industrial Air Compressors Eliminate Risk of Contamination and Ensure Air Purity

Low cost of ownership and environment-friendly attributes of oil-free industrial air compressors bode well for end-use customers. Hence, CompAir— a provider of innovative compressed air solutions is increasing its marketing capabilities for its complete range of oil-free compressors that are designed for applications that require clean air. Manufacturers in the industrial air compressor market are boosting their credibility credentials by increasing the availability of ISO (International Organization for Standardization)-certified oil-free screw compressors. Low pressure and high pressure dry screw airends in compressors offer high-energy efficiency levels.

Since air purity is critical in several industries, customers are demanding oil-free compressors that eliminate the issues of oil spoilage or damage to the production equipment. Manufacturers in the industrial air compressor market are focusing on cost savings associated with oil-free compressors by eliminating the need for costly oil replacements.

Region Insights

Asia-Pacific is proving to be a booming market for the growth of the industrial air compressor market, due to increased industrialization and rising investments in LNG, chemicals, and mining, as well as the expansion of the domestic manufacturing sector, which includes automotive, and food and beverage manufacturing. Furthermore, Asia-Pacific is seeing substantial economic growth, and to satisfy its energy demand while adhering to decarburization rules, it is seeing a boom in investments in the hydrogen and green energy sectors.

North America region is also proving to be a driving market for this sector pertaining to the rapid urbanization of this region. Demand for air compressors will be influenced by rising demand for residential appliances such as refrigerators and air conditioners, as well as rising living standards. Furthermore, rising vehicle demand, increased mining and oil exploration operations, and advancements in the energy and power generating sectors are all expected to contribute to regional market growth. Product demand will be boosted even more by the extremely promising energy and healthcare industries in the U.S.

Some of the prominent players in the Industrial Air Compressor Market include:

• Atlas Copco
• Ingersoll Rand
• Doosan Infracore
• Hitachi
• BOGE Kompressoren
• Volkswagen (MAN Energy Solutions)
• ELGiEquipments
• Kirloskar Pneumatic
• KaeserKompressoren
• Danfoss (Denmark)
• Coaire
• Siemens Energy
• Sulzer
• Baker Hughes
• Nidec
• EBARA Corporation (Elliott Group)
• Howden Group
• Mitsubishi Heavy Industries

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Industrial Air Compressor market

By Product

• Positive Displacement
• Dynamic Displacement

By Design

• Stationary
• Portable

By Technology

• Rotary
• Reciprocating
• Centrifugal
• Axial 

By Output Power

• Up To 20 Bar
• 21–100 Bar
• Above 100 Bar

By Pressure

• Up To 50 kW
• 51–250 kW
• 251–500 kW
• Above 500 kW

By Seal Type

• Oil-flooded
• Oil-free

By Coolant Type

• Air-Cooled
• Water-Cooled

By Compression Stage

• Single Stage
• Double Stage
• Multistage 

By Driver Type

• Electric
• Natural Gas
• Fuel Driven

By End User 

• Chemicals & Petrochemicals
• Food & Beverages
• Oil & Gas
• Pharmaceuticals
• Construction
• Others

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Industrial Air Compressor industry analysis from 2022 to 2030 to identify the prevailing Industrial Air Compressor industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Industrial Air Compressor industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Industrial Air Compressor industry trends, key players, market se