The industrial air compressor market is projected to reach USD 34.87billion by 2021, growing at a CAGR of 6.3% from 2016 to 2021. Industrial air compressors are used to increase pressure by converting power into potential energy, which is stored in pressurized air. This pressurized air is used to power pneumatic tools, to compress gas for transport, cutting & welding, packaging, cooling, and freezing, among others. Rapid industrialization in emerging economies, investments to improve cross border oil & gas pipeline networks, and increasing awareness about energy saving and efficiency are expected to drive the industrial air compressor market. Declining LNG imports in the U.S., Japan, and South Korea is a restraining factor for industrial compressors.
Positive displacement compressors are further segmented in to reciprocating and rotary type compressors. Reciprocating compressors are among the oldest compressor technologies and are still being used in medium to large scale industries. These compressors come in all pressure ranges but are preferred for applications that require high pressure, due to high maintenance cost. Rotary compressors on the other hand have a limited pressure range and are used for a variety of applications in industries such as food & beverages, chemicals, textile, and power generation, among others. Due to versatility in application, the positive displacement compressor market is expected to have higher growth in the market.
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Asia-Pacific is currently the largest market for industrial air compressors, closely followed by North America. The Asia-Pacific market is primarily driven by countries such as China, India, Australia, and Thailand, among others, where there is high demand for industrial air compressors. The market in this region is projected to grow at a high rate, with China expected to dominate the market.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 60%, Tier 2- 27%, Tier 3- 13%
- By Designation: C-Level- 50%, D-Level- 30%, Others- 20%
- By Region: North America- 20%, Europe-20%, Asia-Pacific- 40%, Middle East- 15%, Latin America- 5%
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Key points from table of content:
Company Profiles :
(Overview, Products and Services, Financials, Strategy & Development)*
- Atlas Copco AB
- Doosan Infracore Co. Ltd. ..
- Ingersoll-Rand PLC..
- Mitsubishi Heavy Industries, Ltd
- Hitachi Ltd
- Gadner Denver, Inc..
- GE Oil & Gas
- Siemens AG
- Man SE
- Howden Group Ltd.
- Kobe Steel Ltd
- Kirloskar Pneumatics Co. Ltd
- Sulzer AG
- Kobe Kompressoren.
- Elliot Group Ltd..
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