Global Industrial Air Compressor market size 2024, Forecast To 2033

2 Feb, 2024

The industrial air compressor market has exhibited robust growth, expanding from $21.4 billion in 2023 to $22.61 billion in 2024, with a compound annual growth rate (CAGR) of 5.6%. The surge in the historic period is credited to the escalation in manufacturing and industrial activities across diverse sectors, the heightened demand for compressed air in automation and pneumatic systems, the necessity for reliable and continuous air supply in industrial processes, and the emphasis on energy efficiency and operating cost reduction. The market is anticipated to experience substantial growth, reaching $28.23 billion in 2028, with a CAGR of 5.7%. Factors contributing to this growth include the transition towards electric and hybrid air compressors for sustainability, the demand for oil-free and contaminant-free compressed air solutions, customization of compressor systems for specific industrial applications, research and development in next-generation air compressor technologies, and the expansion of compressed air usage in emerging industries and applications. Major trends in the forecast period encompass variable speed drive (VSD) and variable frequency drive (VFD) technology, oil-free air compressor systems, energy-efficient and high-efficiency particulate air (HEPA) filters, integration of IoT for remote monitoring and predictive maintenance, and hybrid and dual-power air compressors.

Global Industrial Air Compressor Market Key Driver

The Industrial Air Compressor market is anticipated to grow with the increasing demand for energy-efficient air compressors. As highlighted by the U.S. Department of Energy, compressed air systems consume 10 to 30% of industrial facility energy. The introduction of energy-efficient air compressors, improving energy consumption by 20%, is a significant development in the Industrial Air Compressor market.

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Global Industrial Air Compressor Market Segments

The global industrial air compressor market covered in this report is segmented –
1) By Type: Rotary Air Compressors, Reciprocating Air Compressors, Centrifugal Air Compressors
2) By Product: Positive Displacement, Dynamic Displacement
3) By Seal: Oil-Free Seal, Oil-Lubricated Seal
4) By Application: Food And Beverage, Oil And Gas, Energy And Mining, Semiconductor And Electronics, Manufacturing, Construction And Municipal, Pharmaceuticals, Agriculture/Farming
By Geography: The regions covered in the Industrial Air Compressor market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.

Major Industrial Air Compressor Industry Players

Atlas Copco, Danfoss A/S, HD Hyundai Infracore Co. Ltd., EBARA Corporation., Elgi Equipments Limited., Hitachi Ltd., Howden Group Ltd., Ingersoll-Rand PLC, Kaeser Kompressoren Inc., Kirloskar Pneumatics Co. Ltd, Kobe Steel Ltd., Baker Hughes Company., BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG, MAT Industries LLC., Coaire Inc., Elliott Group Ltd., FS-Curtis, Fusheng Group, Gardner Denver Pvt Ltd., Air Squared Inc., Air Systems Products LLC., Airmaze Corporation Pte Ltd ., American Eagle Accessories Group, Bambi Air Compressors Ltd., Bauer Compressors Inc., Chicago Pneumatic Holdings Ltd., Curtis-Toledo Inc., EMAX Compressor, Jenny Products Inc.

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Industrial Air Compressor Market Overview

The industrial air compressor is a device that utilizes an electric, diesel, or gas-powered engine to convert power to potential energy stored in pressurized air. It uses one or more reciprocating pistons to draw in air and compress it. The compressed air is then directed towards various tools such as jackhammers, paint sprayers, impact wrenches, and others.

Industrial Air Compressor Global Market Report 2023 provides data on the global industrial air compressor market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The industrial air compressor market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.