Industrial Air Compressor Market to Grow at 5.5% CAGR and Reach US$ 48.5 Billion by 2030 - Market Report by RationalStat

The global industrial air compressor market is expected to approach US$ 48.5 billion by 2030, with an annual growth rate of more than 5.4%

Global Industrial Air Compressor Market is valued at US$ 33.6 billion in 2023 and is expected to grow at a significant CAGR of over 5.4% over the forecast period of 2023-2030, according to the published market report by RationalStat

Market Definition, Market Scope, and Report Overview

Energy-efficient compressors are in high demand in India due to their low operating costs. Despite this, the growing number of gas blower stations has raised concerns about air quality. As a result, air monitoring systems routinely measure air compressor impact measurements. Furthermore, demand for air compressors is being pushed by the subsequent implementation of projects other than oil and gas, as well as continued investments in the sector.

As there are advancements in technology, more industries are harnessing the potential of compressed air as an energy alternative and users of air compressors trade up their equipment for newer models. Replacement of equipment with new and improved technology air compressors leads to boosted efficiency, greater ease of use, and overall savings in operating costs. These qualities have been compelling users of air compressors to replace their machines regularly, thereby driving market growth.

• According to a deep-dive market assessment by RationalStat, the global industrial air compressor market has been analyzed on the basis of market segments, including technology type product, output power, seal type, compression stage, design, coolant type, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global industrial air compressor market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global industrial air compressor market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Industrial Air Compressor Market: Segmental and Market Share Analysis

• On the basis of technology type, rotary screw type is anticipated to take up a significant share of the industrial air compressor market, principally due to the low maintenance requirement of the rotary screw type air compressor.

Report Synopsis

Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 33.6 billion
Market Size Forecast US$ 48.5 billion
Growth Rate 5.4%

Key Market Drivers

• Growing industrialization
• Energy efficiency and sustainability
• Rising construction and mining activities
• Advancements in technology

Companies Profiled

• Atlas Copco
• Baker Hughes
• Hitachi Industrial Equipment Systems Co.
• Ingersoll Rand
• Siemens Energy
• compare
• ELGi
• General Electric
• BAUER COMP Holding GmbH
• Kobelco Compressor
• Howden Group
• Danfoss

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global industrial air compressor market include,

• In December 2021, Howden announced its acquisition of Compressor Products International (CPI) a leading provider of aftermarket components and services to the global reciprocating compressor market.

• In June 2021, Doosan Infracore launched new Evolution series of portable air compressors. These new models will enable the operators to adjust air pressure to a wide psi range.

Some of the prominent players and suppliers operating and contributing significantly to the global industrial air compressor market growth include Atlas Copco, Baker Hughes, Hitachi Industrial Equipment Systems Co., Ingersoll Rand, Siemens Energy, CompAir, ELGi, General Electric, BAUER COMP Holding GmbH, Kobelco Compressor, Howden Group, and Danfoss, among others.

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RationalStat has segmented the global industrial air compressor market based on technology type product, output power, seal type, compression stage, design, coolant type, end user, and region
• Global Industrial Air Compressor Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Technology Type
o Reciprocating Type
o Rotary Screw Type
o Centrifugal Type
o Axial
• Global Industrial Air Compressor Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Product
o Up to 500 HP
o 500-2000 HP
o 2000-5000 HP
o 5000-12000 HP
o 12000-20000 HP
o Above 20000 HP
• Global Industrial Air Compressor Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Output Power
o Up to 50 kW
o 51-250 kW
o 251-500 kW
o Above 500 kW
• Global Industrial Air Compressor Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Seal Type
o Oil-flooded
o Oil-free
• Global Industrial Air Compressor Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Compression Stage
o Single
o Double
o Multi-Stage
• Global Industrial Air Compressor Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
o Automotive & Transportation
o Oil & Gas
o Power Generation
o Chemicals
o Food & Beverages
o Pharmaceuticals
o Mining & Metals
o Industrial Air Separation
o Other Manufacturing
• Global Industrial Air Compressor Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Coolant Type
o Air-Cooled
o Water-Cooled
• Global Industrial Air Compressor Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Design
o Stationary
o Portable
• Global Industrial Air Compressor Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
o North America Industrial Air Compressor Market
 US
 Canada
o Latin America Industrial Air Compressor Market
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Industrial Air Compressor Market
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Industrial Air Compressor Market
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Industrial Air Compressor Market
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Industrial Air Compressor Market
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Industrial Air Compressor Report:
• What will be the market value of the global industrial air compressor market by 2030?
• What is the market size of the global industrial air compressor market?
• What are the market drivers of the global industrial air compressor market?
• What are the key trends in the global industrial air compressor market?
• Which is the leading region in the global industrial air compressor market?
• What are the major companies operating in the global industrial air compressor market?
• What are the market shares by key segments in the global industrial air compressor market?

Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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Content and Press Manager
sales@rationalstat.com
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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