Industrial Air Compressor Market by Product Type (Positive Displacement, and Dynamic), Maximum Pressure (0-20 Bar, 20-100 Bar, and Above 100 Bar), Output Power (0-50 kW, 50-250 kW, 250-500 kW, and Above 500 kW), End-Use Industry (Manufacturing, Power Generation, Oil and Gas, Food and Beverages, Chemicals, and Others), and Geography: Global Market Size Estimates and Forecast (2022–2030)

The market crossed US$ 33.2 billion mark in 2022 and is expected to hit US$ 52.3 billion by 2030, recording a CAGR of 5.8% during the forecast period.

Industrial Air Compressor Market has been significantly growing with the increase in demand in the oil and gas sector.

The demand for air compressors is increasing in the oil & gas sector because of their extensive application in oil & gas transportation pipelines. The substantial rise in investments for brownfield and greenfield projects, coupled with planned cross-country pipeline projects, is positioned to create positive prospects for growth in demand over the coming years.

Within the report, the market is segmented into product type, maximum pressure, output power, end-use industry, and geography. By product type, the market is further bifurcated into Positive Displacement, and Dynamic. Based on maximum pressure, the market is segmented into 0-20 Bar, 20-100 Bar, and Above 100 Bar. By Output Power, the market is categorized as 0-50 kW, 50-250 kW, 250-500 kW, and Above 500 kW. The market is divided into Manufacturing, Power Generation, Oil and Gas, Food and Beverages, Chemicals, and Others. Geographically, the market is sub-segmented into North America, Asia Pacific, South & Central America, and Middle East & Africa.

The industrial air compressor market is a far-reaching technology that empowered the growth of futuristic innovations.

In 2020, the market for industrial air compressors was dominated by the positive displacement sector, and this trend is expected to continue in the near future. These compressors can be further divided into rotary and reciprocating compressors. Based on these compressors (oil free or lubricated). Construction, automotive and transportation, packaging, food and beverage, metal and mining, and other end-user industries frequently use positive displacement air compressors and the adoption of these products in such industries is anticipated to increase, driving up the demand for positive displacement air compressors. Industrial air compressor manufacturers will experience increasing demand from various industries, one of them being the Oil & gas sector which will exhibit considerably high demand for industrial air compressors.

Rising adoption in the Asia Pacific region is one of the major factors accelerating the market growth.

Europe, South America, Asia Pacific, North America, and Middle East & Africa are major regions in the the industrial air compressor market. The market growth in Asia Pacific region is driven by the increasing investments in LNG, chemical, and mining projects and the growth of the manufacturing industry.  

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Recent strategic developments in the Industrial air compressor market

The Industrial air compressor market has undergone several significant developments, and a few of these have been mentioned below:

• In November 2021, Atlas Copco acquired STERI SRL (STERI), an Italy-based compressor distributor and service provider in Turin. The company functions and serves a wide range of local industrial companies in Italy. Its product range includes filters, compressors, and ancillary equipment. The business has become part of the Compressor Technique Service division within the Compressor Technique Business Area.
• In June 2021, Doosan Infracore (Doosan Portable Power) launched its new Evolution Series portable air compressors. These new devices have made significant technological advancements for Doosan portable air compressors. Doosan ElexAir Technology, a novel feature that enables operators to change air pressure to a broad psi range, is present in three of the four models of this new line. The Doosan Evolution Series P185-HP150WDO-T4F and XP185-VHP165WDO-T4F, two new models with Doosan ElexAir technology, fall into the 185cfm category.
• In March 2021, Hitachi Global Life Solutions, a subsidiary of Hitachi, came into an agreement to transfer all outstanding shares of Hitachi Compressor (Thailand), Ltd., to Midea Electric Trading (Singapore) Co. Pte, Ltd., a subsidiary of China's Midea Group and a trading company for home appliances sales.
• Several players drive the Industrial air compressor market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Atlas Copco, Boge Kompressoren, Doosan Portable Power, Elliott Group, Gardner Denver, Hitachi Industrial Equipment Co. Co.Ltd., Howden Group, Ingersoll-Rand plc, Kirloskar, Mitsubishi Heavy Industries, Ltd. are among the prominent players operating in the market.

The target audience for the report:

• Raw material providers
• Industrial air compressor providers
• Industrial air compressor-related service providers
• Industrial air compressor-related organizations and alliances
• Venture capitalists, private equity firms, and start-up companies
• Industrial air compressor component suppliers
• Industrial air compressor and devices distributors and sales firms
• End users of Industrial air compressor
• Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented based on:

• Product Type:
  • Positive Displacement

• Reciprocating
• Rotary

• Screw
• Scroll
• Others (Vane and Lobe Industrial air compressor)

• • Dynamic displacement

• Centrifugal
• Axial

• Maximum Pressure:
  • 0- 20 Bar
  • 20-100 Bar
  • Above 100  Bar
• Output power:
  • Up To 50 kW
  • 51 To 250 kW
  • 251-500 kW
  • Above 500 kW
• End-Use Industry:
  • Manufacturing
  • Power Generation
  •  Oil and Gas
  • Food and Beverages
  • Chemicals
  • Others
• Region
  • North America
  • Asia Pacific (APAC)
  • South & Central America
  • Middle East & Africa
• Companies profiled
  • Atlas Copco
  • Boge Kompressoren
  • Doosan Portable Power
  • Elliott Group
  • Gardner Denver
  • Hitachi Industrial Equipment Systems Co., Ltd
  • Howden Group
  • Ingersoll-Rand plc
  • Kirloskar
  • Mitsubishi Heavy Industries, Ltd.