Industrial Air Compressor Market is Expected to Reach USD 39.25 Billion by 2028

24 Feb 2022

Industrial Air Compressor Market is valued at USD 25.76 Billion in 2021 and is expected to reach USD 39.25 Billion by 2028 with a CAGR of 6.2% over the forecast period. increasing energy consumption, growing demand for energy-efficient compressors and increasing technical advancements are some of the major factors driving the growth of the Global Industrial Air Compressor Market.

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Scope of Global Industrial Air Compressor Market Report:

An industrial air compressor is a mechanical machine in which air is compressed to raise its pressure. This compressed air is used for various applications such as operating riveters, pneumatic drills, road drills, starting and supercharging of IC engines. It is also used for lifts, rams, pumps. In industry, compressed air is used for producing blasts of air in furnaces and Bessemer converters. There are two types of industrial air compressors which are reciprocating air compressors and rotary air compressors. In single-stage, air compressor air is compressed at a constant temperature during compression. Minimum air compression is done when compression is isothermal and it is maximum when compression is isentropic. In multi-stage compression, two or more cylinder is used to compress air at high pressure. There are some advantages of using a multistage compressor over the single-stage compressor, improves the volumetric efficiency, the sizes of the two-cylinder are adjustable, reduces loss leakages, gives more uniform torque, reduces the cost of a compressor. In a rotary industrial air compressor, maximum delivery pressure is 10 bar only and maximum free air discharge is 3000m^3/min. The capacity of the industrial compressor is expressed in cubic meters per minute. An industrial air compressor was first invented in 1988 by Viktor Popp.

Global Industrial Air Compressor Market Segmentation:

By Product Type
Portable
Stationary

By Technology
Rotary
Reciprocating
Centrifugal
Axial

By Positive Displacement
Reciprocating air compressor
Rotary air compressor

By Dynamic
Centrifugal air compressor
Axial air compressor

By Seal Type
Oil-immersed
Oil-free

By Maximum Pressure
0-20 Bar
20-100 Bar
Above 100 Bar

By Output Power
0-50 KW
50-250 KW
250-500 KW
501-Above KW

By Applications
Manufacturing
Power generation
Oil and gas
Food and Beverages
Chemical and petrochemicals
Others

Key Players of Global Industrial Air Compressor Market:

Elgi Equipment’s Ltd
Hitachi Ltd
Atlas Copco AB
Doosan Infracore Co. Ltd.
Gardner Denver, Inc
Ingersoll-Rand plc
others

Recent Developments:

News: Atlas Copco Launched Five New Air Compressors Across Industry Segments

July 16th, 2019; Atlas Copco launched five new specially designed products in the air compressor segment for the Indian market, providing an edge to small and medium scale business units. This new range includes piston air compressors, screw air compressors, and on sitenitrogengenerator series to cater to the changing demands of customers from different sectors across India. The key industry segments which will benefit from these compressed air solutions are food and beverages, cement, textile, foundry & forging, general engineering, metal, auto & ancillaries, paper and many more.

Rising Application of Air Compressors in the Various Industries and Growing Technological Advancements in This Field are Some of the Major Factors Driving the Market Growth

Industrial facilities utilize compressed air for many operations. Different types of air compressors are used in the industrial sector. In which reciprocating air compressor and rotary air compressor are highly used. The mostly multi-stage air compressor is used because there are adjustable cylinders. Industrial air compressors are used in various industries such as; apparel, automotive, chemicals, food, furniture, general manufacturing, lumber and wood, metals fabrications, and petroleum. These compressors are used in conveying, clamping, tool powering, controls and actuators, automated equipment, dehydration, bottling, spraying coatings, cleaning, vacuum packing Air piston powering, Assembly station powering and process gas compressing in the industrial sector. The main reason behind this increased use of air compressors in these sectors because of belief that pneumatic tool is better than an electric tool. pneumatic tools are lighter, deliver smoother power, are less energy-efficient, did not produce a spark, and so on. Thus, with increased demand in industrial sectors, there is an increased demand for industrial air compressors, which is driving the industrial air compressor market.

In addition, rising number of technical advancements in this field is also fueling the growth of the industrial air compressor market. For companies; they need to save energy to gain momentum in their economy, this is gladly done by using an industrial air compressor with new technology. In fact, about 30 to 40% of energy is defended. Reducing energy output is one of the new industrial air compressor technologies. For instance; the new GA VSD+, launched by Atlas Copco’s global product team, is an oil-injected rotary screw air compressor. GA VSD+ can reduce energy up to 50% compared to the traditional to the same type compressor. The main parts of the compressor are the fan and pump which are used for variable speed application. This technology is to reduce energy output and to improve the economic condition of industrial sectors with the use of new air compressors, which can directly impact on quality of compressors which consequently means improving the growth of the market.

However, restrictions by the government regarding the emission of greenhouse gases & noise pollution may hinder the growth of the industrial air compressor market. Despite that, rising industrialization may create an opportunity for the further growth of the industrial air compressor market.

North America is Expected to Dominate the Global Industrial Air Compressor Market

Geographically, Asia Pacific is expected to show fastest growth in the  global industrial air compressor market. In Asia, India and China are the top countries which drive the industrial air compressor market by their high economic significance and growth in the oil, gas, and coal sector. In addition, increase use of industrial air compressors in electronics, automotive, chemical, and pharmaceutical industries in this region owing to government cohesive initiatives is also fostering the market growth. For instance; in August 2019, the Government of India permitted 100% FDI in contract manufacturing through an automatic route. Further, in February 2019, the Union Cabinet of India announced the National Policy on Electronics (NPE) that is expanding industrialization up to 400 billion. Apart from these, Japan, Australia, South Korea, and Taiwan are key countries that are growing at a significant rate in the market with growing investment in energy-efficient industrial air compressors coupled with growing industrialization.

Also, the North American region is expected to witness  a significant growth in the global industrial air compressor market within the forecast period owing to its increasing applications in food and beverage, oil extraction, and the pharmaceutical sectors in this region. Traditional compressors are oil-lubricated and noisy operations of oil-free compressors are major areas of concern, which limit their adoption. Therefore, key players are focusing on to control pollution and noisy operation in this region. For instance; in June 2017, Atlas Copco launched oil-injected rotary screw air compressors. These compressors have less noisy operations and are more powerful.  These factors will help increase the value of the market in this region.

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