Compressors

Compressors are mechanical equipment that increase gas pressure by reducing the volume. Pressurized gases, typically air, are used in air-powered tools, spray painting, grit & abrasive blasting, refrigerants for air conditioners & refrigerators, and pipeline gas propulsion. Compressors are available in varied ranges for both size and power ratings, starting from a small device that fits in a car glove box to large stationary industrial units that propel oil & fluids through transcontinental pipelines. Based on function, compressors are classified into positive displacement and centrifugal types. Application industries of compressors include refrigeration, air conditioning, automotive, industrial, household, healthcare, and food. The compressed air market space is entwined with ancillary products such as filters, dryers, and aftercoolers. The compressor service and rental markets are major stakeholders in the compressor space, boosting industry relevance and growth. The dynamic market scenario is influenced by environmental sustainability, decarbonization, noise reduction, cleaner fuels, emission controls, connected technologies and electrification govern compressor technology and product development. Regulatory standards, consumer preferences, customization needs, sustainability, and replacement rates also influence industry growth.

Drivers:

• Electrification trends focusing on efficiency and higher flow rates
• Growing need for connected technologies and integrated diagnostics
• Environmental commitments to elevate fuel efficiency, utilization rates, and service intervention
• Rapidly evolving market bases supported by technology innovations
• Construction, rental & mining needs for timely and accurate information through intelligent digital solutions
• The rapidly growing automotive and household appliance sectors