Industrial Air Compressor Market
Industrial Air Compressor Market Size, Share & Trends Analysis Report by Product Type (Axial Compressor, Centrifugal Compressors, Positive Displacement, Rotary Compressors, and Reciprocating Compressors), by Application (Energy & Power Generation, Food & Beverage, Oil & Gas, Manufacturing, Chemical & Petrochemicals, and Others) and by Output Power (0kw-50kw, 50kw-250kw, 250kw-500kw, and Above 500kw) Forecast Period (2024-2031)
Industrial air compressor market is anticipated to grow at a significant CAGR of 7.8% during the forecast period (2024-2031). The demand for industrial air compressors is increasing owing to factors such as industrialization, infrastructure development, technological advancements, energy efficiency, automation, and demand for high-quality compressed air. The expanding manufacturing sector, particularly in emerging economies, requires reliable solutions. The rise of automation and robotics also demands compressors for various industries.
Market Dynamics
Industrial Automation and Manufacturing Growth
Industrial automation and manufacturing growth have increased demand for pneumatic tools, relying heavily on air compressors, which enhance production efficiency by providing reliable power sources for automated machinery. According to the International Federation of Robotics, in February 2023, the global stock of operational robots reached approximately 3.5 million units, with the value of installations estimated at around $15.7 billion.
Technological Advancements
Technological innovations, including patent-pending inter-stage cooling systems and over/under designs, are driving market growth through advancements in cooling systems and compact designs. For instance, in March 2024, Hitachi Global Air Power launched the Sullair TS 190-260 Series two-stage rotary screw air compressors, renowned for their high efficiency and reliability. The compressors feature a patent-pending inter-stage cooling system and an over/under design for a smaller footprint. Engineers at the company prioritized efficiency, minimizing greenhouse gas emissions, as compressed air, is a significant energy cost in industrial manufacturing.
Market Segmentation
- Based on the product type, the market is segmented into axial compressors, centrifugal compressors, positive displacement, rotary compressors, and reciprocating compressors.
- Based on the verticals, the market is segmented into energy & power generation, food & beverage, oil & gas, manufacturing, chemical & petrochemicals, and others (construction, and textiles)
- Based on the end-user, the market is segmented into 0kw-50kw, 50kw-250kw, 250kw-500kw, and Above 500kw
Oil & Gas Segment is Projected to Hold the Largest Market Share
The oil and gas sector is adopting innovative technologies and innovation to boost productivity, dependability, and sustainability. For instance, in April 2023, ELGi showcased its latest compressed air solutions at Hannover Messe, featuring advanced features such as an integrated heat recovery system and a permanent magnet synchronous motor, and its first two-stage oil-lubricated screw air compressor.
Rotary Compressors Segment to Hold a Considerable Market Share
The innovative design features of these compressors, including durable components and efficient motor technology, align with current trends in industrial compressor technology, driving market growth. For instance, in August 2023, Doosan Bobcat introduced a 150-hp, fixed-speed, oil-flooded, rotary screw compressor, the D150. The model will be renamed IA150 in 2024 as part of the company's transition to the Bobcat portfolio. The D150 offers reliable, consistent flow output and is designed with larger, more durable components. It features a reliable IE3 premium efficiency TEFC motor, protecting it from contaminants.
Regional Outlook
The global industrial air compressor market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Industrial Growth and Expansion in North America Region
The regional growth is attributed to North America's robust manufacturing and industrial sectors driving demand for new compressor technologies, including low-pressure solutions, owing to ongoing infrastructure projects and industrial growth. For instance, in April 2024, Kaishan USA introduced the KRSL series of industrial, low-pressure rotary screw air compressors, equipped with Kaishan's patented ‘SKYv’ airend. These compressors can handle applications ranging from 25 psig (pound-force per square inch) to 45 psig, offering improved efficiency, consistent airflow, reduced noise, a smaller footprint, and lower total cost of ownership compared to conventional blower solutions.
In May 2024, ELGi launched the EQ Series of oil-lubricated direct-drive air compressors in North America, designed to provide superior performance and reliability for small and medium-sized operations. The EQ Series is available in multiple capacities from 25-30 HP, with fixed or variable-speed drives, and a reliable TEFC (Totally Enclosed, Fan-Cooled) motor, and can operate in ambient temperatures of 122°F. The compressors are available as base-mounted, tank-mounted, or tank-mounted with dryer and filters.
Global Industrial Air Compressor Market Growth by Region 2024-2031
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the industrial air compressor market include Atlas Copco AB, Ingersoll Rand Inc., Hitachi Industrial Products, Ltd., KAESER KOMPRESSOREN SE, and Siemens Energy among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.
Recent Developments
- In January 2023, Ingersoll Rand acquired SPX FLOW's Air Treatment business for $525.0 million, adding energy-efficient compressed air dryers, filters, and consumables to its core compressor product offering. The business, manufacturing in the US, Germany, and South Korea, has an attractive growth profile and is part of the Ingersoll Rand IT&S segment.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ 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 products, 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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
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 & Current Market Trends
2.2.1. Key Industry Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Atlas Copco AB
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Ingersoll Rand, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Hitachi Industrial Products, Ltd.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Industrial Air Compressor Market by Product Type
4.1.1. Axial Compressor
4.1.2. Centrifugal Compressors
4.1.3. Positive displacement
4.1.4. Rotary Compressors
4.1.5. Reciprocating Compressors
4.2. Global Industrial Air Compressor Market by Output Power
4.2.1. 0kw-50kw
4.2.2. 50kw-250kw
4.2.3. 250kw-500kw
4.2.4. Above 500kw
4.3. Global Industrial Air Compressor Market by Verticals
4.3.1. Energy & Power Generation
4.3.2. Food & Beverage
4.3.3. Oil & Gas
4.3.4. Manufacturing
4.3.5. Chemical & Petrochemicals
4.3.6. Others (Construction, and Textiles)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. ALMiG Kompressoren GmbH
6.2. BAUER COMP Holding GmbH.
6.3. Boge Kompressoren
6.4. Compressor World, LLC.
6.5. Curtis-Toledo, Inc.
6.6. Denair Energy Saving Technology (Shanghai) PLC.
6.7. Doosan Corp.
6.8. ELGi EQUIPMENTS LTD.
6.9. FS?Elliott Co., LLC
6.10. Gardner Denver
6.11. Ingersoll Rand Inc.
6.12. KAESER KOMPRESSOREN SE
6.13. Kaishan USA
6.14. Kobe Steel Ltd.
6.15. Kyocera Senco Industrial Tools, Inc.
6.16. MAT Holding, Inc.
6.17. Mitsubishi Heavy Industries Compressor Corp.
6.18. RENNER GmbH
6.19. Siemens Energy
6.20. Sullair, LLC,
1. Global Industrial Air Compressor Market Research And Analysis By Product Type, 2023-2031 ($ Million)
2. Global Axial Industrial Air Compressor Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global Centrifugal Industrial Air Compressor Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Positive Displacement Air Compressor Market Research And Analysis By Region, 2023-2031 ($ Million)
5. Global Rotary Industrial Air Compressor Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global Reciprocating Industrial Air Compressor Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global Industrial Air Compressor Market Research And Analysis By Verticals, 2023-2031 ($ Million)
8. Global Industrial Air Compressor For Energy & Power Generation Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global Industrial Air Compressor For Food & Beverage Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Industrial Air Compressor For Oil & Gas Market Research And Analysis By Region, 2023-2031 ($ Million)
11. Global Industrial Air Compressor For Manufacturing Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global Industrial Air Compressor For Chemical & Petrochemicals Market Research And Analysis By Region, 2023-2031 ($ Million)
13. Global Industrial Air Compressor For Other Verticals Market Research And Analysis By Region, 2023-2031 ($ Million)
14. Global Industrial Air Compressor Market Research And Analysis By Output Power, 2023-2031 ($ Million)
15. Global 0kw-50kw Industrial Air Compressor Market Research And Analysis By Region, 2023-2031 ($ Million)
16. Global 50kw-250kw Industrial Air Compressor Market Research And Analysis By Region, 2023-2031 ($ Million)
17. Global 250kw-500kw Industrial Air Compressor Market Research And Analysis By Region, 2023-2031 ($ Million)
18. Global Above 500kw Industrial Air Compressor Market Research And Analysis By Region, 2023-2031 ($ Million)
19. Global Industrial Air Compressor Market Research And Analysis By Region, 2023-2031 ($ Million)
20. North American Industrial Air Compressor Market Research And Analysis By Country, 2023-2031 ($ Million)
21. North American Industrial Air Compressor Market Research And Analysis By Product Type, 2023-2031 ($ Million)
22. North American Industrial Air Compressor Market Research And Analysis By Verticals, 2023-2031 ($ Million)
23. North American Industrial Air Compressor Market Research And Analysis By Output Power, 2023-2031 ($ Million)
24. European Industrial Air Compressor Market Research And Analysis By Country, 2023-2031 ($ Million)
25. European Industrial Air Compressor Market Research And Analysis By Product Type, 2023-2031 ($ Million)
26. European Industrial Air Compressor Market Research And Analysis By Verticals, 2023-2031 ($ Million)
27. European Industrial Air Compressor Market Research And Analysis By Output Power, 2023-2031 ($ Million)
28. Asia-Pacific Industrial Air Compressor Market Research And Analysis By Country, 2023-2031 ($ Million)
29. Asia-Pacific Industrial Air Compressor Market Research And Analysis By Product Type, 2023-2031 ($ Million)
30. Asia-Pacific Industrial Air Compressor Market Research And Analysis By Verticals, 2023-2031 ($ Million)
31. Asia-Pacific Industrial Air Compressor Market Research And Analysis By Output Power, 2023-2031 ($ Million)
32. Rest Of The World Industrial Air Compressor Market Research And Analysis By Region, 2023-2031 ($ Million)
33. Rest Of The World Industrial Air Compressor Market Research And Analysis By Product Type, 2023-2031 ($ Million)
34. Rest Of The World Industrial Air Compressor Market Research And Analysis By Verticals, 2023-2031 ($ Million)
35. Rest Of The World Industrial Air Compressor Market Research And Analysis By Output Power, 2023-2031 ($ Million)
1. Global Industrial Air Compressor Market Share By Product Type, 2023 Vs 2031 (%)
2. Global Axial Compressor Industrial Air Compressor Market Share By Region, 2023 Vs 2031 (%)
3. Global Centrifugal Compressors Industrial Air Compressor Market Share By Region, 2023 Vs 2031 (%)
4. Global Positive Displacement Industrial Air Compressor Market Share By Region, 2023 Vs 2031 (%)
5. Global Rotary Compressors Industrial Air Compressor Market Share By Region, 2023 Vs 2031 (%)
6. Global Reciprocating Industrial Air Compressor Market Share By Region, 2023 Vs 2031 (%)
7. Global Industrial Air Compressor Market Share By Verticals, 2023 Vs 2031 (%)
8. Global Industrial Air Compressor For Energy & Power Generation Market Share By Region, 2023 Vs 2031 (%)
9. Global Industrial Air Compressor For Food & Beverage Market Share By Region, 2023 Vs 2031 (%)
10. Global Industrial Air Compressor For Oil & Gas Market Share By Region, 2023 Vs 2031 (%)
11. Global Industrial Air Compressor For Manufacturing Market Share By Region, 2023 Vs 2031 (%)
12. Global Industrial Air Compressor For Chemical & Petrochemicals Market Share By Region, 2023 Vs 2031 (%)
13. Global Industrial Air Compressor For Other Verticals Market Share By Region, 2023 Vs 2031 (%)
14. Global Industrial Air Compressor Market Share By Output Power, 2023 Vs 2031 (%)
15. Global 0kw-50kw Industrial Air Compressor Market Share By Region, 2023 Vs 2031 (%)
16. Global 50kw-250kw Industrial Air Compressor Market Share By Region, 2023 Vs 2031 (%)
17. Global 250kw-500kw Industrial Air Compressor Market Share By Region, 2023 Vs 2031 (%)
18. Global Above 500kw Industrial Air Compressor Market Share By Region, 2023 Vs 2031 (%)
19. Global Industrial Air Compressor Market Share By Region, 2023 Vs 2031 (%)
20. US Industrial Air Compressor Market Size, 2023-2031 ($ Million)
21. Canada Industrial Air Compressor Market Size, 2023-2031 ($ Million)
22. UK Industrial Air Compressor Market Size, 2023-2031 ($ Million)
23. France Industrial Air Compressor Market Size, 2023-2031 ($ Million)
24. Germany Industrial Air Compressor Market Size, 2023-2031 ($ Million)
25. Italy Industrial Air Compressor Market Size, 2023-2031 ($ Million)
26. Spain Industrial Air Compressor Market Size, 2023-2031 ($ Million)
27. Rest Of Europe Industrial Air Compressor Market Size, 2023-2031 ($ Million)
28. India Industrial Air Compressor Market Size, 2023-2031 ($ Million)
29. China Industrial Air Compressor Market Size, 2023-2031 ($ Million)
30. Japan Industrial Air Compressor Market Size, 2023-2031 ($ Million)
31. South Korea Industrial Air Compressor Market Size, 2023-2031 ($ Million)
32. Rest Of Asia-Pacific Industrial Air Compressor Market Size, 2023-2031 ($ Million)
33. Latin America Industrial Air Compressor Market Size, 2023-2031 ($ Million)
34. Middle East And Africa Industrial Air Compressor Market Size, 2023-2031 ($ Million)
