What Has Been the Growth Trajectory of the Compressors Market?
The compressors market has seen considerable growth due to a variety of factors.
• Over the past few years, the compressors market size has experienced consistent growth. It is projected to increase from $109.55 billion in 2024 to $114.75 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%.
The significant growth experienced in the historic period is the result of robust economic expansion in burgeoning markets, the development of cutting-edge manufacturing infrastructure for contemporary systems, a surge in automobile production, and an expanding number of units engaged in food processing.
What Does the Future Hold for the Compressors Market?
The compressors market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the compressors market is projected to witness consistent growth, reaching a value of $129.52 billion by 2029, registering a compound annual growth rate (CAGR) of 3.1%.
Factors contributing to this growth during the forecast period include governmental support, rampant industrialization, a growing need for energy-effective air compressors, and an escalating demand for oil-free compressors in the food and beverage sector. Key trends during this period consist of prioritization of revolutionary product introductions, mergers and purchases, oil-free screw compressors, advancements in technology, partnerships and co-operations, expansion of new facilities, increments in investments, and rotating screw compressors.
What Are The Core Factors Supporting Growth In Compressors Market?
The surge in compressor applications in the energy sector is a significant catalyst for the growth of the compressor market. This surge can primarily be attributed to the escalating global population which in turn has spurred the need for electricity and other power resources to accommodate daily operations. Consequently, businesses in the compressor market are providing these essential compressors to the power industry. Prominent compressor manufacturers such as Atlas Copco, MAN Turbo, and Gardner Denver present these compressors for power generation applications.
What Are The Primary Segments In The Global Compressors Market?
The compressors market covered in this report is segmented –
1) By Type: Air, Gas
2) By Compressor Type: Positive Displacement, Dynamic
3) By Power Rating: 101-300 Kw, 0-100 Kw, 301-500 Kw, 500 Kw Above
4) By Application: Industrial Manufacturing, Oil And Gas, Automotive, Hvac-R, Food And Beverage, Power, Construction, Chemical And Cement, Textile
Subsegments:
1) By Air: Reciprocating Air Compressors, Rotary Screw Air Compressors, Centrifugal Air Compressors, Portable Air Compressors, Oil-Free Air Compressors
2) By Gas: Natural Gas Compressors, Process Gas Compressors, Hydrogen Compressors, Helium Compressors, Ammonia Compressors
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Which Key Trends Are Driving Changes In The Compressors Market?
The rise of advanced air compressors marks a significant trend in the compressor industry. These next-gen air compressors are highly efficient in energy usage, environmentally friendly, and release minimal carbon emissions compared to their traditional counterparts. For instance, Kirloskar Pneumatic Co Ltd, teamed up with Top Tag Trading Est (3T Group) to introduce a state-of-the-art diesel portable compressor that delivers impressive power efficiency at a reduced ownership cost. In a similar vein, Atlas Copco, a compressor producer, offers the GA VSD+ compressor that cuts energy consumption by 50%. Other players in the compressor market, like Hitachi and Ingersoll Rand, are also striving towards creating low-maintenance, energy-efficient air compressors.
Who Are the Key Players in the Compressors Market?
Major companies operating in the compressors market include:
• Atlas Copco AB
• Mitsubishi Heavy Industries Ltd.
• Baker Hughes Co.
• Ingersoll Rand Inc
• Siemens Energy AG
• Hitachi Ltd.
• Burckhardt Compression Holding Ag
• Elgi Equipments Ltd.
• Ariel Corporation
• Kobe Steel Ltd.
• Mr C.M. Panchal
• Mk Engineering
• Paras Compressors
• Mark Compressors
• Deep Pneumatics
• Pryes Compressors
• Zen Air
• Suzhou Alton Electrical And Mechanical Industry
• Wenling Toplong Electrical And Mechanical
• Zhejiang Universal Machinery
• Zhengzhou Windbell Machinery
• Tianjin Air Compressor
• Shanghai Honest Compressor
• Shenzhen Rongruitong Electromechanical Equipment
• Abac Air Compressors
• Avelair Compressed Air Solutions
• Howden Compressors
• Motivair Compressor Limited
• Sauer Compressors Uk Ltd
• Ceccato Aria Compressa S.P.A
• Ing. Enea Mattei Spa
• Rotair Spa
• General Noli Spedizioni Internazionali S.P.A
• Kaeser Kompressoren
• Krasnodar Compressor Plant
• Neva Compressor Service
• Pk-Kompressor
• American Compressor Company
• Kaishan Compressor Usa
• Compressed Air Solutions
• Aerzen Usa Corporation
• Midwest Compressoz
• Wiseworth Canada Industries
• Chamco Industries Ltd
• Ingersoll Rand - Barueri Sales And Service Center
• Siscati Compressors
• Frio Ingenieria S.A
• Danair
• Gardner Denver Inc
• Flowserve Corporation
• Generall Electric Company
• Idex Corporation
• Colfax Corporation
• Accudyne Industries Llc
• Anest Iwata Corporation
What Is The Most Dominant Region In The Compressors Market?
Asia-Pacific was the largest region in the compressors market share in 2024. North America was the second largest region in the global compressors market. The regions covered in the compressors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
