Air Compressor Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

This Air Compressor Market is segmented by Type (Positive Displacement and Dynamic Displacement), End-User (Oil & Gas, Power Sector, Manufacturing Industry, Chemicals and Petrochemicals, and Others) and Geography (North America, Asia-Pacific, Europe, Middle-East and Africa, and South America)

Market Snapshot

Air Compressor- Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >3 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The global air compressor market is expected to grow at a CAGR of more than 3%over the period of 2020-2025. An air compressor is a device that converts energy generated from diesel or hydraulics to turn it into potential kinetic energy that can be used to compress air and pumping in quick bursts. Factors such as the growing market of oil and gas; especially gas production in countries like the United States, China and India and increasing energy consumption across the globe are expected to drive the air compressor market during the forecast period. Additionally, food and beverages market is showing an increase in demand for air compressors for processes like processing, packaging, cutting, shaping, and many more. Air compressors have been used in many spheres, but the power consumption and amount spent to feed this power is enormous, which challenges the companies involved in this market to improve the working efficiency to further extent. Along with air compression, they also release heat in the environment and dealing with this released heat is a hurdle that needs to be cleared for the benefit of both industry and environment. 

  • Positive displacement air compressors are expected to grow at a significant rate due to the increase in market share application of appliances like air conditioners, refrigerators, larger industrial applications, such as in metallurgy and mining, papermaking and printing, electronic and electrical, electric power, and mechanical and electrical machinery.
  • The technical advancement in the air compressor industry is leading to the development of products that requires less operational and maintenance investment. Like, oil-free systems are expected to witness a rise in demand due to their advantageous application in the food industry.
  • Asia-Pacific is estimated to witness a significant growth in the air compressor market owing to the ongoing growth in oil and gas industry of India, China and Japan. Additionally, a broad industrial base for semiconductor and electronics manufacturing in China and Taiwan are projected to drive the market further.

 

Scope of the report

The air compressor market report includes: 

Type
Positive Displacement
Reciprocating
Rotary
Dynamic
Axial
Centrifugal
End-User
Oil & Gas
Power Sector
Manufacturing Industry
Chemicals and Petrochemicals
Others
Geography
North America
Europe
Asia-Pacific
Middle East and Africa
South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Positive Displacement Compressors Expected To Hold Significant Market Share

  • In a positive displacement air compressor, the gas is drawn in during the suction stroke of the piston, compressed by decreasing the volume of the gas by moving the piston in the opposite direction, and, lastly, discharged when the gas pressure exceeds the pressure acting on the outlet valve. Reciprocating compressors are useful for supplying small amounts of a gas at high pressures.
  • Although the discharge pressure range of rotary type positive displacement compressors is limited, yet they are expected to show a growth in demand because of the growing food and beverage industry. Because of the internal cooling system, these air compressors are designed for continuous use, and range in power from 5 horsepower up to 350 horsepower.
  • With technical advancements and rapidly growing demand in the automobile industry, the market share of the compressor is expected to grow significantly. With the help of compressors, assembling of parts can be done rapidly and precisely in this sector.
  • Moreover, air conditioners are one of the major applicant of air compressors. With advancement in the living standards globally, sales of air conditioners has  driven the market of air compressors.  
  • Based on multiple growing industries using the positive displacement air compressor, positive displacement air compressors are going to hold a significant market share in the forecast period.
Air Compressor Market - Air Conditioner Sales

To understand key trends, Download Sample Report

Asia-Pacific To Dominate The Market

  • Asia-Pacific is witnessing tremendous growth in industrialisation in different industries, including a small scale to large scale. According to the World Bank's estimates, more than 40% of the GDP in the region is contributed by the industrial and manufacturing activity.
  • With growing refining and gas market in countries such as India and China, an increase in the market for air compressors is adamant. Adding to this, considerable investments in the gas pipeline industry are set to boost the air compressor market.
  • Stationary air compressors, including small size compressor in refrigerators and air conditioners, holds the significant share of compressor market and growing food and beverage industry is expected to boost the air compressor market.
  • The energy and power industry is set to grow in the region due to high investment in power plants from developing nations, such as China, India and is set to drive industrial growth, which is expected to boost the demand for industrial compressors.
Air Compressor Market

To understand geography trends, Download Sample Report

Competitive Landscape

The air compressor market is highly fragmented. Some of the key players in this market include Atlas Copco Group, Ingersoll Rand Inc., Siemens AG, Gardner Denver Inc., and Sullair LLC (Hitachi Group).                    

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitutes Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Positive Displacement

        1. 5.1.1.1 Reciprocating

        2. 5.1.1.2 Rotary

      2. 5.1.2 Dynamic

        1. 5.1.2.1 Axial

        2. 5.1.2.2 Centrifugal

    2. 5.2 End-User

      1. 5.2.1 Oil & Gas

      2. 5.2.2 Power Sector

      3. 5.2.3 Manufacturing Industry

      4. 5.2.4 Chemicals and Petrochemicals

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Middle East and Africa

      5. 5.3.5 South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Atlas Copco Group

      2. 6.3.2 Ingersoll Rand Inc.

      3. 6.3.3 General Electric

      4. 6.3.4 Siemens AG

      5. 6.3.5 Gardner Denver Inc.

      6. 6.3.6 Sullair LLC (Hitachi Group)

      7. 6.3.7 Sulzer Ltd.

      8. 6.3.8 ELGI Equipments Ltd.

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Air Compressor Market market is studied from 2016 - 2026.

The Air Compressor Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Atlas Copco Group, Ingersoll Rand Inc., Siemens AG, Gardner Denver Inc., Sullair LLC (Hitachi Group) are the major companies operating in Air Compressor Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!