Industrial Air Compressors

Industrial Air Compressors

Global Industrial Air Compressors Market to Reach US$51.1 Billion by 2030

The global market for Industrial Air Compressors estimated at US$35.9 Billion in the year 2023, is expected to reach US$51.1 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2023-2030. Positive Displacement Air Compressors, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$30.5 Billion by the end of the analysis period. Growth in the Dynamic Displacement Air Compressors segment is estimated at 4.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$8.8 Billion While China is Forecast to Grow at 6.8% CAGR

The Industrial Air Compressors market in the U.S. is estimated at US$8.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.7 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.4% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Industrial Air Compressors Market - Key Trends & Drivers Summarized

Industrial air compressors are mechanical devices generating pressure within compressible gases and fluids. These are used widely in industries to accomplish tasks such as powering abrasive blast equipment, paint sprayers, air tools, for shop or instrument air, for shifting AC refrigerants, and propelling gases through pipes among others. There are several types of industrial air compressors, including reciprocating (piston) compressors, rotary screw compressors, and centrifugal compressors, each suited for different industrial needs and scales of operation. Reciprocating compressors are typically used for lower volume requirements, while rotary screw compressors are favored for their efficiency and reliability in continuous operations. Centrifugal compressors are employed in large-scale applications requiring high volumes of compressed air.

Technological advancements have significantly enhanced the performance, efficiency, and reliability of industrial air compressors. Advancements in technology have also enabled the remote monitoring and control of compressors globally through devices like the Sigma controller. This leap in energy-efficient technology has prompted the oil and gas sector to update its equipment, phasing out older models in favor of modern, energy-saving air compressors. Modern compressors are equipped with advanced features such as variable speed drives (VSDs), which allow for the precise control of motor speed, resulting in significant energy savings and reduced operational costs. Additionally, the integration of digital monitoring and control systems has enabled real-time performance tracking, predictive maintenance, and remote diagnostics, ensuring optimal operation and minimizing downtime.

The growth in the industrial air compressors market is driven by several factors, including the growing adoption across various sectors, the introduction of innovative compressor models, surging demand for energy, especially in emerging economies like China and India. The widespread use of industrial air compressors across industries such as chemicals, petrochemicals, food and beverage, and oil and gas underscores their integral role in enhancing productivity and operational efficiency. The push for energy efficiency is reshaping industries, notably in sectors like oil and gas, where there`s a concerted effort to meet energy efficiency standards and minimize emissions, thus fueling demand is rising for energy-efficient compressors. Innovations aimed at reducing energy consumption, enhancing operational speed, and ensuring reliability in challenging environments are expected to keep the industrial air compressor market competitive and thriving. Therefore, the escalating demand for energy-efficient industrial air compressor systems, coupled with the introduction of innovative products, is set to propel market growth in the coming years.

Select Competitors (Total 188 Featured) -

• Aerzener Maschinenfabrik GmbH
• Ariel Corporation
• Atlas Copco Group
• BAUER COMP Holding GmbH
• Danfoss A/S
• Elgi Equipments Limited
• FS-Curtis
• Gardner Denver
• Hanwha Power Systems CO., LTD.
• Hitachi Ltd
• Howden Group Ltd.
• IHI Corporation
• Ingersoll Rand
• Kaeser Kompressoren
• Kobe Steel, Ltd
• Mayekawa Mfg. Co., LTD
• Mikuni Kikai Kogyo Co., LTD.
• Mitsubishi Heavy Industries Ltd.
• Mitsui E&S Holdings Co., Ltd
• Parker Hannifin Corporation
• Siemens AG
• Sulzer Ltd.

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