India industrial air compressor market is estimated to grow modestly at a CAGR of around 6.2% during the forecast period. This growth can be attributed to the cohesive government policies in the country to promote the manufacturing industry of India. India is continuously working towards positioning itself as a major country in technological development and industrialization. The industrial manufacturing of electrical and metal products, cement, building and construction material, machinery and equipment, rubber, and plastic products, and so on offers a major contribution towards the Indian economy. 

According to the India Brand Equity Foundation (IBEF), the cumulative Foreign Direct Investment (FDI) in India’s manufacturing sector reached nearly $91.2 billion during April 2000-June 2019. Cohesive government initiatives such as “Make in India”, huge FDI inflow, and significant efforts of major manufacturing companies such as GE Healthcare, Siemens AG, HTC, Toshiba Corp., and Boeing AG to set up their manufacturing plants in India, is further anticipated to contribute towards the growth of the industrial air compressor market in the country.

The oil & gas industry is witnessing a significant capital spending, driven by the need to build capacity to meet growing energy demand from emerging markets and to replace depleting supply sources. According to the BP PLC, the natural gas production in India stood at 24.2 Mtoe in 2015 which decreased slightly to 23.6 Mtoe in 2018, decreasing around 2.4% during 2015-2018. In December 2019, as per the oil minister of the country, India’s oil consumption will rise by 3 times in the next 10 years, which will significantly augment the demand of industrial air compressors in the country for maintaining the proper flow of oil & gas in the country.

The companies which are contributing to the growth of the India industrial air compressor market include Atlas Copco AB, BAUER COMPRESSORS INC., ELGi Equipments Ltd., Indo-Air Compressors Pvt. Ltd., Hitachi Ltd., GE Oil & Gas, and Siemens AG. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups, and technological advancements to stay competitive in the market. For instance, in April 2019, ELGi Equipments Ltd. introduced the AB Series, the smallest oil-free screw air compressor. This range offers solutions to the customers at nearly 8 – 10% reduced life cycle cost than the prevailing oil-free technology. With the ease of use and significantly lower maintenance, customers can have reliable, high air purity for sensitive industrial applications. This new series will enable the company to increase its customer base across industries, especially the pharmaceutical industry.

Research Methodology

The market study of the India industrial air compressor market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in 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, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. India Industrial Air Compressor Market Research and Analysis by Type
2. India Industrial Air Compressor Market Research and Analysis by Technology
3. India Industrial Air Compressor Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the India 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 India industrial air compressor market.
• Insights about market determinants which are stimulating the India industrial air compressor market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.