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Industrial Air Compressor Market Size By Product (Portable, Stationary), By Technology (Rotary [Screw, Scroll], Reciprocating, Centrifugal), By Power (Up to 15 kW, 16 - 75 kW, 75 – 500 kW, More than 500 kW), By Lubrication (Oil Free, Oil Filled), By Application (Food & beverage, Oil & gas, Energy & Mining, Semiconductor & electronics, Manufacturing, Construction & Municipal, Pharma, Agriculture/Farming), COVID19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI4474
  • Published Date: May 2021
  • Report Format: PDF

Industry Trend

Industrial Air Compressor Market size exceeded USD 12.4 billion in 2020 and the industry is projected to grow at over 5.7% from 2021 to 2027. The rising demand for vehicles, growing oil exploration & mining activities, and development in the power & energy generation sector will progressively drive the industry growth. High potential energy and healthcare industries is expected to further escalate the product demand.

Industrial Air Compressor Market

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The escalating automobile demand globally, especially in the Asia Pacific region, on account of increasing population, improved lifestyle, and increasing spending power of the people is likely to fuel the demand for industrial air compressors, as the product is extensively used for manufacturing in the automotive industry. The automobile industry growth in Europe and North America will also augment the market development. Even though the population is increasing at a significantly lower rate than the developing regions, the U.S. and Europe are still the major markets for the automobile industry led by technological developments in the sector.

The COVID-19 had an unprecedented impact on every other industry around the world including the industrial compressor industry. The manufacturing industry around the world felt a very huge impact impelled by the ongoing COVID-19 pandemic. Government regulations and guidelines, such as social distancing & lockdowns, brought the manufacturing facilities to a standstill, derailing the entire global supply chain. Industrial compressor manufacturers witnessed a rapid demand drop in major end-user markets due to the COVID-19 pandemic. In terms of revenue, companies collectively lost 2,748.89 USD million in 2020. The market is expected to lose around 24,731.03 USD million during the forecast timeframe owing to adverse impacts on the product demand.

Stationary compressors are predicted to garner the highest market share

  Global Industrial Air Compressor Market Revenue, By Product

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Stationary compressors are anticipated to control the product segment with over 80% market share in 2027. The stationary segment covers a wide product range, such as large and medium capacity industrial air compressors, used in various manufacturing facilities and warehouses. Stationary industrial air compressors of smaller and medium sizes are widely used in refrigerators, air conditioners, and automobiles, while large types are operated in industrial and manufacturing applications. These are used in plants and industries where mobility of the compressor is not required. The stationary compressors are capable of delivering higher air pressures when compared to the portable ones.

Heavy growth in the Asia Pacific automotive industry will steer this segment’s growth. The increasing demand for home appliances in the evolving economies, such as India, China, and Brazil, will enhance stationary compressor market growth through 2027.

Oil filled compressors are anticipated to be the foremost lubrication system

The oil filled industrial air compressor market is estimated to advance with a CAGR of over 5.5% till 2027. Oil filled or oil lubricated industrial compressors are commonly used due to their durability and low cost. They also carry extra power and are broadly used in heavy applications such as manufacturing facilities and oil rigs. These compressors are deemed more reliable among end-users. The advancement of food grade oils is augmenting the use of oil filled compressors in the food & beverage industry.

Rotary compressors will be the prime compressor technology

The rotary compressors market is poised to bolster with a CAGR of around 6% through 2027. Rotary compressors are further bifurcated into scroll, screw, and a few other technologies such as lobe & vane. Rotary air compressors have been replacing the reciprocating industrial compressors since the past few years and are likely to continue in the upcoming years. They require minimum maintenance, offer better efficiency, and possess comparatively lower preliminary costs. Owing to this, the reciprocating compressor consumption has restricted to applications where the required power is under 30 hp.

75 – 500 kW to be the leading power in the industrial air compressors market

The 75 - 500 kw power capacity compressors are the most widely used with a market share of above 45% in 2020 on account of flexible operation, elevated reliability, high productivity, and reduced energy costs. This range also accomplishes the preservation of breathable and clean air flow in extreme & harsh conditions. Manufacturers are investing profoundly for advancing rotary compressors that deliver high capacity with low energy consumption, positively impacting the segment’s growth.

Manufacturing applications will be the foremost industry

The manufacturing segment is the most significant application area for the industrial air compressors market, growing with 6% CAGR from 2021 to 2027. Larger industrial compressors are utilized in application sectors where the required compressed air capacity is higher including manufacturing, oil & gas, construction, and mining & energy. These machines are quite expensive due to their operational & manufacturing complexities, higher efficiencies, and bulky nature. The rising automobile demand throughout the globe will also enhance the manufacturing segment as industrial air compressors are integrated during the vehicle assembly activities.

Asia Pacific to be the most prominent regional market for industrial air compressors

  Global Industrial Air Compressor Market Revenue, By Region

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Asia Pacific is set to dominate the industrial air compressor market share throughout the forecast spell with around 50% of the world output. It is driven by increasing industrialization and development activities in the emerging economies of the region. China leads the vehicle production by a distinguished margin. These factors along with the electronic sector progress in India, China, South Korea, and Japan will indicate the regional industrial air compressors’ demand.

The global industrial air compressor market is moderately consolidated with a large number of manufacturers spread across all regions of the world. The industry participants include Doosan Portable Power, Rolair Systems, Atlas Copco, Gardner Denver, Sullair, Bauer Compressors, Kaeser Kompressoren, Ingersoll-Rand, Ciasons Industrial, Aerzener Maschinenfabrik, Elgi Compressors, Hitachi, Heyner, Sullivan-Palatek, Emerson Climate Technologies, Frank Technologies, Mat Holdings, and Quincy Compressor.

This market research report on industrial air compressor includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2017 to 2027 for the following segments:

Market, by Product

  • Portable
  • Stationary

Market, by Technology

  • Rotary
    • Screw
    • Scroll
    • Others
  • Reciprocating
  • Centrifugal

Market, by Lubrication

  • Oil free
  • Oil filled

Market, by Power

  • Up to 15 kW
  • 16 - 75 kW
  • 75 - 500 kW
  • More than 500 kW

Market, by Application

  • Food & beverage
  • Oil & gas
  • Energy & mining
  • Semiconductor & electronics
  • Manufacturing
  • Construction & municipal
  • Pharma
  • Agriculture/Farming
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America (LATAM)
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
Authors: Kiran Pulidindi, Sayan Mukherjee

Frequently Asked Questions (FAQ) :

Global industrial air compressor market size was over USD 12.4 billion during 2020 and is expected to register around 5.7% CAGR up to 2027.

It is expected that stationary industrial air compressors will hold over 80% of the total industry share through 2027 as these components deliver higher pressure in applications like warehouses and manufacturing units.

Some of the leading manufacturers of industrial air compressors are Atlas Copco, Bauer Compressors, Ingersoll-Rand, Rolair Systems, Doosan Portable Power and Hitachi, among many others.

APAC will account for nearly 50% of global industrial air compressor industry size by 2027 with rapid industrialization and high vehicle manufacturing statistics.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 12
  • Tables & Figures: 482
  • Countries covered: 21
  • Pages: 418

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