The global industrial air compressor market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period (2022-2028). The global industrial air compressor market is driven by its application among various end-user industries and the advanced features and technology offered by an industrial air compressor.
Rotary screw compressors- The rotary screw compressors are highly efficient and used among ends user industries such as food and beverages and pharmaceuticals. Compressed air is used in a variety of processes including bottling, canning, keg washing, clarifying, aeration, and cleanup. In the pharmaceutical sector, rotary screw compressors assist the local dentistry practice, patient breathing during operations, and are used to generate a pressure of medical devices.
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Jet compressors- A jet compressor is used in specialized industries due to its unique functions. A jet compressor is used in potentially explosive atmospheres without additional safeguard as they have no electrical components. Moreover, a jet compressor not only performs the primary function of compressing and mixing gases but, in addi¬tion, it takes the place of a reducing valve and salvages much of the energy lost in the reduction of operating¬ medium pressure.
The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2019, Atlas Copco launched five new specially designed products in the air compressor segment for the Indian market. This product includes GA 75-110 VSD+, G 15-22 and GA 15-22, ATC, NGMs 1-3. The new range of air compressors in piston and screw technologies results in Atlas Copco’s continued commitment to work with manufacturing companies to reduce their energy bills in line with the Government’s focus on energy efficiency.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2021-2028
- Segment Covered- by product, by type, by end-user
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- are 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.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Industrial Air Compressor Market– Segmentation
By Product
- Dynamic Displacement Compressors
- Axial Flow Air Compressor
- Centrifugal Compressor
- Positive Displacement Compressors
- Rotary Air Compressor
- Reciprocating Compressor
By Type
- Portable
- Stationary
By End-User
- Food and Beverage
- Oil and Gas
- Manufacturing
- Energy and Power
- Automotive
- Others (Construction and Mining and Healthcare)
