The global industrial air compressor market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period. The major factors boosting the market growth include rapid industrialization across emerging countries and the rising demand for energy-efficient air compressors. In multiple industrial facilities, air compressors utilize significant amount of electricity as compared to any other kind of equipment. This results in inefficiency in compressed air systems. Energy savings from the improvement of the system can range from 20% to 50% or more of energy consumption. For several facilities, this equals to thousands of dollars of potential annual savings, as per the usage. An efficiently managed compressed air system can save energy, enhance production throughout, decrease maintenance and downtime and improve the quality of the product.
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Furthermore, favorable government initiatives for energy-efficient air compressors are further contributing to the market growth. For instance, ENERGY STAR is the US government-led program that enables businesses to protect the environment with higher energy efficiency. The funds and tax benefits are also provided to support energy efficiency projects. This, in turn, is contributing to the demand for energy-efficient air compressors. Moreover, the advent of IoT air compressors is estimated to offer significant opportunity for the growth of the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Industrial Air Compressor Market by Product
- Dynamic Displacement Compressors
- Axial Flow Air Compressor
- Centrifugal Compressor
- Positive Displacement Compressors
- Rotary Air Compressor
- Reciprocating Compressor
Global Industrial Air Compressor Market by Type
- Portable
- Stationary
Global Industrial Air Compressor Market by End-User
- Food and Beverage
- Oil and Gas
- Manufacturing
- Energy and Power
- Automotive
- Others (Construction and Mining and Healthcare)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- BOGE
- Bauer Compressors Inc.
- Chicago Pneumatic
- Doosan Portable Power Co.
- ELGi
- Elliott Co.
- Hitachi Industrial Equipment Systems Co., Ltd.
- Kirloskar
- Kobe Steel Ltd.
- Kyocera Senco Industrial Tools, Inc
- MAN Energy Solutions SE
- Mitsubishi Heavy Industries Compressor Corp.
- Rix Industries Inc.
- Stanley Black & Decker Inc.
- Sulzer
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global industrial air compressor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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