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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, 2023 - 2032

  • Report ID: GMI4474
  • Published Date: Nov 2022
  • Report Format: PDF

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.

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
Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The market size of industrial air compressor exceeded USD 13 billion in 2022 and is anticipated to witness CAGR of 7% CAGR between 2023 and 2032, says this GMI report.
The oil-filled air compressor market segment is projected to surpass USD 16 billion by 2032 as they cater to the long working-hour needs of industrial units.
APAC industrial air compressor sector is anticipated to attain 8% gains through 2032 driven by rapid industrialization across countries such as India and China.
Atlas Copco, Sullair LLC, Rolair Systems, Sullivan-Palatek, Inc., Heyner UK Ltd., Quincy Compressor, Boge Compressors, Air Squared, and Frank Technologies are some of the leading companies in the industrial air compressor business scenario.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 25
  • Tables & Figures: 785
  • Countries covered: 21
  • Pages: 390
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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