Home > HVAC & Construction > Industrial Air Compressor Market
Industry Analysis
Industrial Air Compressor Market size surpassed USD 13 billion in 2022 and is estimated to expand at 7% CAGR during 2023-2032. Rapid industrialization across the Asia Pacific is anticipated to propel the industry demand.
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Several governments are introducing favorable policies in line with Industry 4.0 to gain a lead in the ongoing technological and economical race. For instance, the Government of India has dedicated substantial resources along with national policies to empower the nation’s industrial sector. Similar initiatives encouraging large-scale industrial activities showcase lucrative scope for a widespread demand for industrial air compressors.
Strict regulations regarding the use of air compressors may impede industrial air compressor market growth. Increasing focus on climate change has compelled government bodies to release strict guidelines on air compressors. For example, facilities using air compressors are required to adhere to Environmental Protection Agency (EPA) regulations. Air compressors produce an oil-water blend condensate which if not disposed of properly could lead to environmental degradation.
| Report Coverage | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 13,000 USD Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.3% |
| 2032 Value Projection: | USD 26,100 USD Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 390 |
| Tables, Charts & Figures: | 785 |
| Segments covered: | Product, Technology, Lubrication, Power Capacity, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Advanced functional capabilities of rotary air compressors
Industrial air compressor market share from the rotary technology segment is set to go beyond USD 17 billion by 2032. Rotary screw air compressors are modified versions of air compressors used in manufacturing facilities, heavy-duty industrial applications, and autobody shops. They are widely used owing to lower installation and maintenance costs, and operational output. They can function efficiently in extreme weather conditions and are easier to maintain. Compatibility with high-power tools, high energy efficiency, less oil consumption, and longer shelf life are some of the major benefits driving the product demand.
Surge in requirement across hospitals to fuel 75-500 kW air compressors deployment
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The 75-500 kW industrial air compressors sector is slated to observe a 7.5% growth between 2023-2032. Several air compressor providers are introducing state-of-the-art systems with innovative features. Additionally, Atlas Copco’s Z compressor series consists of equipment with a capacity of around 300 kW. The suite provides 100% oil-free compressed air along with enhanced reliability and energy efficiency. These air compressors have also gained traction in hospitals to aid various medical purposes.
Installation oil air compressor for time-intensive operations in food & paper processing companies
Industrial air compressor market revenues from the oil-filled lubrication type is projected to cross USD 16 billion by 2032. Oil-filled industrial air compressors are relatively cheaper as compared to oil-free alternatives. These compressors are preferred in industrial activities that involve long working hours. This type of air compressor is compatible with different pneumatic tools and accessories and operates quietly. It has a wide variety of use in textile, paper & pulp manufacturing, food processing, and automobile.
Automated manufacturing will accelerate the integration of industrial air compressors
The global revenue share from the manufacturing application is poised to reach over USD 15 billion by 2032. Manufacturing facilities are equipment intensive and require large and small machines for streamlined operations. Air compressors are vital in manufacturing units to operate air tools on production lines and monitor other equipment. They also play a key role in adjusting roller and feed machinery, sandblasting & metal finishing, and cutting & welding activities. The advent of smart manufacturing and automation will influence the need for advanced industrial air compressors.
Large-scale industrial activities in Asia Pacific
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The APAC industrial air compressor market is expected to attain 8% gains through 2032. The region has witnessed a dramatic surge in industrial activities due to rapid urbanization and modernization of the manufacturing sector. Favorable government policies are empowering industry players to innovate air compressor technologies from an environmental perspective.
Strategic alliances to augment market development
Some of the leading players in the business scenario are Atlas Copco, Sullair LLC, Gardner Denver, Inc., Kaeser Kompressoren SE, Ingersoll-Rand plc, Rolair Systems, Doosan Portable Power, Sullivan-Palatek, Inc., Hubei Teweite Power Technology Company Limited, Elgi Compressors USA, Inc., Heyner UK Ltd., Hitachi Industrial Equipment Systems Co Ltd, Ciasons Industrial, Inc., Mat Holdings, Inc., Oasis Manufacturing, Aerzener Maschinenfabrik GmbH, Quincy Compressor, Vanair Manufacturing, Inc., VMAC Global Technology, Inc. (VMAC Company), Zen Air Tech Pvt. Ltd., Boge Compressors, Bauer Compressors, Inc., Air Squared, Emerson Climate Technologies, Inc., and Frank Technologies. These companies are focusing on strategic alliances, mergers, and acquisitions to extend product offerings and customer reach worldwide.
Impact of the COVID-19 pandemic on industry trends
The COVID-19 pandemic had a negative impact the industrial air compressor market. Strict lockdown restriction and halting of majority of industrial operations impeded product demand. The outbreak also led to suspending of business expansion activities and pausing of the establishment of new manufacturing plants. However, with resumption of business activities post lockdown restrictions, the demand for these air compressors could pick up pace in the coming years.
This market research report on industrial air compressor includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand tons and revenue in USD million from 2018 to 2032 for the following segments:
Market, By Product
- Portable
- Stationary
Market, By Technology
- Rotary
- Screw
- Scroll
- Reciprocating
- Centrifugal
Market, By Power
- Up to 15 kW
- 16 - 75 kW
- 75 – 500 kW
- More than 500 kW
Market, By Lubrication
- Oil Free
- Oil Filled
Market, By Application
- Body Food & Beverage
- Oil & Gas
- Energy & Mining
- Semiconductor & Electronics
- Manufacturing
- Construction & Municipal
- Pharma
- Agriculture/Farming
- Others
Market, By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Russia
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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