According to a new report published by UnivDatos Markets Insights, the Industrial Air Compressor Market is expected to grow at a CAGR of over 5% from 2022-2028. The analysis has been segmented Product Type (Reciprocating, Rotary, Centrifugal); Lubrication (Oil-filled, Oil-free); Form Factor (Portable, Stationary); End-User (Oil & Gas, Manufacturing, Healthcare/ Pharmaceutical, Food & Beverages, Energy & Utility, Consumer Goods, Metal & Mining, Transportation, Others); Region/Country.

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The Industrial Air Compressor market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Industrial Air Compressor market. The Industrial Air Compressor market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Industrial Air Compressor market at the global and regional levels.

Market Overview

The global air compressors were designed to compress air to higher pressures and harness this potential energy source. Unlike other sources of power, no conversion from another form of energy such as heat is involved at the point of application. Air compressors are used in a variety of industries to supply process requirements, operate pneumatic tools and equipment, and meet instrumentation needs. Factors that are escalating the market share of industrial air compressors are increasing energy consumption, expansion of liquefaction facilities, and increasing demand for energy-efficient compressors all across the globe drives the demand for the market.

Moreover, market demand for oil and oil-based products is growing despite significant advancements in alternate energy sources. As a result, industrial air and gas compressors have become indispensable for maintaining the proper pressure levels for these operations, with innovations focusing on lower energy requirements, increased speed, and greater ability to withstand harsh drilling environments to maintain a competitive edge.

Some of the major players operating in the market include Atlas Copco, Baker Hughes Company, GE, Hitachi Industrial Equipment Systems Co, MAN SE, MITSUBISHI HEAVY INDUSTRIES, LTD., Quincy Compressor, Siemens Energy AG, Kaeser Kompressoren, and Kaishan Compressor Co., Ltd.

COVID-19 Impact

Due to the lockdowns set in place across the world to curb the pandemic outbreak, the decline in public and private spending, and project delays are being witnessed in the industrial air compressor market as well. In addition, the demand for industrial air compressors was drastically decreased as the use of machinery was halted in many industries coupled with abrupt disruption in the global supply chain of the industrial air compressor market witnessed due to the restrictions on movement.

The global Industrial Air Compressor market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·        Based on lubrication, the industrial air compressors market is classified into oil-filled, and oil-free. Among these, the oil-free segment to hold a significant share in the market in 2020. It is mainly due to the manufacturers in the industrial air compressor market are focusing on cost savings associated with oil-free compressors by eliminating the need for costly oil replacement. Since air purity is critical in several industries, demand for oil-free compressors is increasing as it eliminates the issues of oil spoilage or damage to the production equipment.

·        Based on the form factor, the industrial air compressors market is bifurcated into portable, and stationary. The portable segment caters substantial share in the market and is expected to grow at a fuelling rate in the forecasted period as well. It is mainly owing to the ever-increasing nature of the construction industry which is creating a positive impression on compressor manufacturers to boost their production. Also, Electric-powered portable compressors are emerging as a fitting replacement for diesel-driven units at urban construction sites. For instance: In December 2019, Elgi Equipments, an air-compressor manufacturer launched an energy-efficient range of electric and diesel portable air compressors.

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Industrial Air Compressor Market Geographical Segmentation Includes:

·        North America (United States, Canada, and Rest of North America)

·        Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)

·        Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific)

·        Rest of the World

Asia Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the increasing investment in infrastructure projects and rapid urbanization planning gaining pace in APAC coupled with growing demand for petrochemical/chemical products in India and China are escalating the adoption of industrial air compressors.

The major players targeting the market include

·        Atlas Copco

·        Baker Hughes Company

·        GE

·        Hitachi Industrial Equipment Systems Co

·        MAN SE

·        MITSUBISHI HEAVY INDUSTRIES, LTD.

·        Quincy Compressor

·        Siemens Energy AG

·        Kaeser Kompressoren

·        Kaishan Compressor Co., Ltd

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Industrial Air Compressor market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the Industrial Air Compressor market?

• Which factors are influencing the Industrial Air Compressor market over the forecast period?

• What are the global challenges, threats, and risks in the Industrial Air Compressor market?

• Which factors are propelling and restraining the Industrial Air Compressor market?

• What are the demanding global regions of the Industrial Air Compressor market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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