Industrial Air Compressor Market 2022-2028

Description

List of Tables

Global Industrial Air Compressor Market Size, Share & Trends Analysis Report by Product (Dynamic Displacement Compressors, Positive Displacement Compressors) by Type (Portable, and Stationary) by End User(Food and Beverage, Oil and Gas, Manufacturing, Energy and Power, Automotive, and Others (Construction and Mining and Healthcare) Forecast 2022-2028

The global industrial air compressor market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period. Industrial air compressors have wider applications in various end-user industries such as chemicals and petrochemicals, oil and gas, pharmaceuticals, automotive and transportation, and others. With rapidly increasing industrialization and manufacturing units, the demand for industrial air compressors has increased at the fastest pace. Several emerging economies such as Asia-Pacific and China have boosted their industrial and economic operations. In addition, government initiatives to promote industrial automation for optimum utilization of resources are another driving factor that fueled the growth of the market. For instance, according to International Trade Administration, foreign direct investment (FDI) in manufacturing in the US represented 40.1% of all FDI in 2019, and automation plays a key role in attracting the investment.

The global industrial air compressor market is segmented on the basis of product, type and end-user. Based on the product, the market is classified into dynamic displacement and positive displacement compressors. Based on type, the market is classified into portable and stationary. Based on end-user, the market is segmented into food and beverage, oil and gas, manufacturing, energy and power, automotive and others. Based on type, the stationary compressors are anticipated to grow at the fastest rate during the forecast period. The stationary industrial air compressors of smaller and medium sizes are largely used in refrigerators, air conditioners, and automobiles. Moreover, the stationary compressors are capable of delivering higher air pressures when compared to other portable devices.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Europe region is expected to grow at the fastest rate during the forecast period. The growth is mainly driven by increasing industrialization and development activities in the emerging economies such as UK, France, and Germany. A new and proactively policy framework supports the growth of the manufacturing sector, which in turn contributes to the market growth in the region.

The major companies serving the global industrial air compressor market Atlas Copco AB, Hitachi Industrial Equipment Systems Co., Ltd., Ingersoll-Rand PLC, Siemens AG, and The General Electric Co. Chicago Pneumatic, Doosan Portable Power Co., ELGi, Elliott Co., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, Sprintex Ltd., announced the transformative expansion into the electric compressor, by signing an agreement with Aeristech Ltd. Both the companies facilitate to supply of high-speed electric industrialization compressors and accelerate the companies into hydrogen energy and clean air markets, including hydrogen fuel cells, industrial turbo blowers, and compressors sets.

Research Methodology

The market study of the global industrial air compressor market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Industrial Air compressor Market Research and Analysis by Product

2. Global Industrial Air Compressor Market Research and Analysis by Type

3. Global Industrial Air Compressor Market Research and Analysis by End User

The Report Covers:

Comprehensive Research Methodology of the global industrial air compressor market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global industrial air compressor market.
Insights about market determinants that are stimulating the global industrial air compressor market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026470

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Industrial Air Compressor Market
Recovery Scenario of Global Industrial Air Compressor Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight and Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key CompanyAnalysis
- 3.1.1. Atlas Copco AB
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Hitachi Industrial Equipment Systems Co., Ltd.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Ingersoll-Rand PLC
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Siemens AG
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. The General Electric Co.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players

4. Market Determinants

4.1. Motivators
4.2. Restraints
4.3. Opportunities

5. Market Segmentation

5.1. Global Industrial Air Compressor Market by Product

5.1.1. Dynamic Displacement Compressors

5.1.1.1. Axial Flow Air Compressor

5.1.1.2. Centrifugal Compressor

5.1.2. Positive Displacement Compressors

5.1.2.1. Rotary Air Compressor

5.1.2.2. Reciprocating Compressor

5.2. Global Industrial Air Compressor Market by Type
- 5.2.1. Portable
- 5.2.2. Stationary
5.3. Global Industrial Air Compressor Market by End-User
- 5.3.1. Food and Beverage
- 5.3.2. Oil and Gas
- 5.3.3. Manufacturing
- 5.3.4. Energy and Power
- 5.3.5. Automotive
- 5.3.6. Others (Construction and Mining and Healthcare)

6. Regional Analysis

6.1. North America
- 6.1.1. United States
- 6.1.2. Canada
6.2. Europe
- 6.2.1. UK
- 6.2.2. Germany
- 6.2.3. Italy
- 6.2.4. Spain
- 6.2.5. France
- 6.2.6. Rest of Europe
6.3. Asia-Pacific
- 6.3.1. China
- 6.3.2. India
- 6.3.3. Japan
- 6.3.4. South Korea
- 6.3.5. Rest of Asia-Pacific
6.4. Rest of the World

7. Company Profiles

7.1. BOGE
7.2. Bauer Compressors Inc.
7.3. Chicago Pneumatic
7.4. Doosan Portable Power Co.
7.5. ELGi
7.6. Elliott Co.
7.7. Hitachi Industrial Equipment Systems Co., Ltd.
7.8. Kirloskar
7.9. Kobe Steel Ltd.
7.10. Kyocera Senco Industrial Tools, Inc
7.11. MAN Energy Solutions SE
7.12. Mitsubishi Heavy Industries Compressor Corp.
7.13. Rix Industries Inc.
7.14. Stanley Black & Decker Inc.
7.15. Sulzer