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Global Industrial Air Compressor Market Share, Forecast: By Type: Reciprocating Air Compressors, Rotary Air Compressors, Centrifugal Air Compressors; By End Use: Manufacturing, Healthcare, Oil and Gas, Food and Beverage, Power Generation, Construction and Mining, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Industrial Air Compressor Market Outlook
The global industrial air compressor market size is expected to grow at a CAGR of 3.90% between 2024 and 2032. The major drivers of the market include growing demands for energy efficient air compressors and increasing technological advancements.
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Key Trends in the Market
An industrial air compressor is an electronic device that requires a diesel-powered engine or an electric motor to convert power into potential energy that is stored in pressurised air. Their pressure and power can exceed 100 psi and 200 horsepower which makes them suitable for usage in running pneumatic machinery, spraying crops, and carrying out tasks in food and beverage manufacturing processes, among other applications.
- Increasing industrialisation in both developed and emerging economies is a key trend boosting the demand for industrial air compressors. This in turn is propelling the growth of the market as industrial compressors have applications across various industries including petrochemicals and chemicals, construction, transportation, and pharmaceuticals, among others.
- Another key trend fuelling the growth of the market for industrial air compressors includes rising investments from various governments and key market players. Increased investments in the development and research programmes for the production of improved mechanical and industrial equipment utilising industrial air compressors is anticipated to boost the growth of the industrial air compressor market.
- Rising demands from growing oil and gas industry for industrial air compressors has positively impacted the market growth. An industrial air compressor is an essential element used in pipelines for transporting oil and gas. This application has boosted its demand which in turn has augmented the market growth.
Market Analysis
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Based on type, the industrial air compressor market is divided into reciprocating air compressors, rotary air compressors, and centrifugal air compressors. On the basis of end use, the market is segmented into manufacturing, healthcare, oil and gas, food and beverages, power generation, and construction and mining, among others. By region, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global industrial air compressor market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Atlas Copco AB
- Ingersoll Rand Inc.
- Mitsubishi Heavy Industries, Ltd.
- Kaeser kompressoren SE
- Others
Market Share by End Use
Food and beverage end uses of industrial air compressors account for a significant share of the industrial air compressor market owing to their extensive use importance of in the food and beverage industry. Industrial air compressors have multiple applications in the food and beverage sector, and are commonly used in food processing, packaging, and storage, aiding in mixing food ingredients, powering air knives, and in pumping fluids. Availability of efficient as well as clean tools by for the process of packaging of food products has increased the demand for industrial air compressors.
Meanwhile, oil and gas end uses are anticipated to observe a rapid growth in the industrial air compressor market in the forecast period. This can be attributed to the rising demand from oilfield facilities for industrial compressors as they help maintain the pressure in transported gas while they are moved along the pipeline to the consumer.
Market Share by Region
Asia Pacific is expected to account for a large share in the market owing to the growing number of investors in the liquid natural gas (LNG). Various mining projects are being launched in the region which are increasing the demand for the industrial air compressors. Chemical industries are developing in the Asia Pacific region which are making extensive use of industrial air compressors as they keep the gases at high pressure which helps in storing and transporting chemicals safely. The rapid growth of the manufacturing industry in the Asia Pacific is further fuelling the growth of the industrial air compressor market in the region.
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Competitive Landscape
Atlas Copco AB is a Sweden based industrial company that was established in 1873. It is headquartered in Nacka and is known for providing compressed air solution services to their consumers all around the globe using new techniques and innovative ideas while contributing to their sustainable goals for a better future.
Ingersoll Rand Inc. founded in 1959 is headquartered in North Carolina, United States. It is a multinational gas and air compressor manufacturing company that believes in providing services to improve energy efficiency. They provide various power tools, fluid handling products, air compressors, and lifting products to consumers all around the globe.
Mitsubishi Heavy Industries, Ltd. was founded in 1884 and has its headquarters in Tokyo, Japan. It is a Japanese engineering, electrical equipment, and electronics company which manufactures equipment for use in defence, and aerospace, among other electronic use industries. The key products manufactured by Mitsubishi include elevators, printing machines, and hydraulic equipment, among others.
Other market players include Kaeser kompressoren SE, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Industrial Air Compressor Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Air Compressor Historical Market (2018-2023)
8.3 Global Industrial Air Compressor Market Forecast (2024-2032)
8.4 Global Industrial Air Compressor Market by Type
8.4.1 Reciprocating Air Compressors
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Rotary Air Compressors
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Centrifugal Air Compressors
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Industrial Air Compressor Market by End Use
8.5.1 Manufacturing
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Healthcare
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Oil and Gas
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Food and Beverage
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Power Generation
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Construction and Mining
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2023)
8.5.6.3 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Industrial Air Compressor Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Atlas Copco AB
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Ingersoll Rand Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Mitsubishi Heavy Industries, Ltd.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Kaeser Kompressoren SE
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Industrial Air Compressor Market: Key Industry Highlights, 2018 and 2022
2. Global Industrial Air Compressor Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Industrial Air Compressor Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Industrial Air Compressor Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Industrial Air Compressor Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Industrial Air Compressor Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Industrial Air Compressor Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Industrial Air Compressor Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Industrial Air Compressor Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Industrial Air Compressor Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Industrial Air Compressor Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Industrial Air Compressor Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Industrial Air Compressor Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Industrial Air Compressor Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Industrial Air Compressor Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Industrial Air Compressor Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Industrial Air Compressor Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Industrial Air Compressor Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 3.90% between 2024 and 2032.
The major drivers of the market are growing utilisation of energy efficient air compressors, surging use in the oil and gas industry, and increasing technological advancements.
The key trends of the market are versatile applications in the food and beverage sector, progressive product improvements, and rising demand for end user satisfaction.
An industrial air compressor is an electronic device that converts power into potential energy using an electric motor that is then stored in pressurised air which finds applications across various industries.
The applications of industrial air compressors include operating pneumatic machinery, spraying crops, and carrying out functions in food and beverage manufacturing processes, among other uses.
The primary end uses in the market for industrial air compressors are manufacturing, healthcare, oil and gas, food and beverage, power generation, and construction and mining, among others.
The regional markets include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Any regular air can be used in industrial air compressors, after the volume has been decreased and compressed using a compressor.
The types of industrial air compressors include reciprocating air compressors, rotary air compressors, and centrifugal air compressors.
The key players in the global industrial air compressor market include Atlas Copco AB, Ingersoll Rand Inc., Mitsubishi Heavy Industries Ltd., and Kaeser kompressoren SE, among others.
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