Industrial Air Compressor Market Size, Share Analysis, 2032

Industrial Air Compressor Market: Industry Perspective

The global industrial air compressor market size was worth around USD 35.79 Billion in 2023 and is predicted to grow to around USD 53.74 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.62% between 2024 and 2032. The report analyzes the global industrial air compressor market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the industrial air compressor industry.

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In order to give the users of this report a comprehensive view of the industrial air compressor market, we have included a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the industrial air compressor market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Industrial air compressors are one of the important equipment in any heavy industry, as they convert power into potential energy stored in pressurized air. The application of air compressors can range from heavy air compressors used in petrochemical zones and industrial gases to spray guns that are used in the automotive manufacturing sector. The applications can also be seen in food and beverages, oil and gas, healthcare, manufacturing, and mining industries.

With the rising energy consumption, the need for energy-efficient industrial air compressors is expected to rise. Technological innovations will also drive the industrial air compressor market. The up-gradation in the performance and system costs will result in the replacement of industrial air compressors. Rapid industrialization and rising energy consumption augment the manufacturing of energy-efficient compressors. Moreover, the emerging use of air compressors for airbags and tire pressure monitoring is another factor contributing to the growth of the industrial air compressor market globally. Rising investments made in the transportation sector is also a key factor driving the global industrial air compressor market development.

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Industrial Air Compressor Market: Segmentation Analysis

The global industrial air compressor market is fragmented based on type, pressure, output power, seal, and end-use. By type, the market includes positive displacement and dynamic. By pressure, the market includes above 100 bar, between 20 and 100 bar, and between 0 and 20 bar. The output power segment comprises above 500 kW, between 250 and 500 kW, between 50 and 250 kW, and between 0 and 50 kW. By seal, the market includes oil free and oil immersed. The end-use segment of the industrial air compressor market includes oil and gas, medical, food and beverage, manufacturing, power generation, and others. The oil and gas segment is one of the largest contributors of the industrial air compressor market, owing to the rising demand for oil and gas globally.

Geographically, the rising demand for automotive is expected to fuel the industrial air compressor in North America in the years ahead. Moreover, the activities that need high pressure like drilling, oil extraction, and mining widely happen across the North American region, which is another factor driving the region’s industrial air compressor market growth. Furthermore, the growing demand for lubricant-free and oil-free compressors will lead to the replacement of old compressors, thereby further propelling the industrial air compressor market over the estimated time period.

Some prominent players of the global industrial air compressor market are Atlas Copco, BOGE Kompressoren, Gardner Denver, Ingersoll-Rand, Mitsubishi Heavy Industries, Doosan Infracore, Elliott Group, GE Oil & Gas, Hitachi, Siemens, and Sulzer.

Industrial Air Compressor Market: Report Scope

Industrial Air Compressor Market: Competitive Analysis

Some of the major players in the global industrial air compressor market include:

• Atlas Copco
• BOGE Kompressoren
• Gardner Denver
• Ingersoll-Rand
• Mitsubishi Heavy Industries
• Doosan Infracore
• Elliott Group
• GE Oil & Gas
• Hitachi
• Siemens
• Sulzer

The global industrial air compressor market is segmented as follows;

Industrial Air Compressor Market: Type Analysis

• Dynamic
• Positive Displacement

Industrial Air Compressor Market: Pressure Analysis

• 0–20 Bar
• 20–100 Bar
• Above 100 Bar

Industrial Air Compressor Market: Output Power Analysis

• 0–50 kW
• 50–250 kW
• 250–500 kW
• Above 500 kW

Industrial Air Compressor Market: Seal Analysis

• Oil Free
• Oil Immersed

Industrial Air Compressor Market: End-Use Analysis

• Oil and Gas
• Power Generation
• Food and Beverage
• Medical
• Manufacturing
• Others

Industrial Air Compressor Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa