HOME Top Market Reports Industrial Air Compressor Market by Type (Positive Displacement & Dynamic), Maximum Pressure (0–20 bar, 20–100 bar & above), Output Power (0–50 kW, 50–250 kW, 250–500 kW & above), Seal (Oil immersed & Oil free), End-Use - Global Forecast to 2021

Industrial Air Compressor Market by Type (Positive Displacement & Dynamic), Maximum Pressure (0–20 bar, 20–100 bar & above), Output Power (0–50 kW, 50–250 kW, 250–500 kW & above), Seal (Oil immersed & Oil free), End-Use - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: October 2016
Report Code: EP 4625

 

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The global industrial air compressor market was valued at USD 24.21 Billion in 2015, and is expected to grow at a CAGR of 6.3% from 2016 to 2021. Rapid industrialization in emerging economies, investments to improve cross border oil & gas pipeline networks, growing demand for advanced and energy efficient air compressors, and rapid industrialization in growing economies such as India, Saudi Arabia, UAE, South Africa, and Brazil are driving the industrial air compressor market.

The years considered for the study are as follows:

  • Historical Year – 2014
  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global industrial air compressor market by product type, maximum pressure, output power, seal type, end-user, and region
  • To provide detailed information regarding major factors influencing the growth of the industrial air compressor market (drivers, restraints, opportunities, industry-specific challenges related to the market)
  • To strategically analyze the industrial air compressor market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the industrial air compressor market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global industrial air compressor market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of annual revenue and market developments of major players providing industrial air compressors
  • Analysis of major applications of and demand for industrial air compressors from end-user industries
  • Assessment of future trends and growth of end-user industries
  • Assessment of industrial air compressor market with respect to the type of compression method used for different applications
  • Study of market trends in various regions/countries supported by application of industrial air compressor in the manufacturing, power generation, oil & gas, chemicals & petrochemicals, food & beverages, and others
  • Study of contracts and developments related to industrial air compressor, for key players, across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing industrial air compressor across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of primaries on the basis of company type, designation, and region, conducted during the research study.

Industrial Air Compressor Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the global industrial air compressor market starts with the manufacturer of basic components, such as valves, bearings, motor, engine, plates, inlet fins, filters, regulator, storage tank, and piston among others. The manufactured parts are then assembled by the OEM (Gardner Denver, Inc., Ingersoll-Rand plc, Atlas Copco AB, GE Oil & Gas and so on) to form an industrial air compressor, which is then tested. This stage is followed by the distribution stage, following which the product is provided to the end-users.

Industrial Air Compressor Market

Target Audience:

The report’s target audience includes:

  • Industrial air compressor manufacturers, dealers, and suppliers
  • Renewable power generation and equipment manufacturing companies
  • Switchgear and power cable manufacturing companies
  • Energy management, audit, and green building consulting companies
  • Raw material and component suppliers
  • Government and research organizations
  • Environmental and industrial associations
  • Banks, venture capitalists, financial institutions, and other investors
  • Market research and consulting firms

Scope of the Report:

  • By Product Type
    • Positive Displacement
      • Reciprocating
        • Single Stage
        • Multi Stage
      • Rotary
        • Single Stage
        • Multi Stage
    • Dynamic
      • Centrifugal
        • Single Stage
        • Multi Stage
      • Axial
        • Single Stage
        • Multi Stage
  • By Seal Type
    • Oil-Immersed
    • Oil Free
  • By Maximum Pressure
    • 0-20 Bar
    • 20-100 Bar
    • Above 100 Bar
  • By Output Power
    • 0-50 kW
    • 50-250 kW
    • 250-500 kW
    • Above 500 kW
  • By End-User
    • Manufacturing
    • Power Generation
    • Oil & Gas
    • Food & Beverages
    • Chemicals & Petrochemicals
    • Others
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region/country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Countries Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Assumptions & Limitations
           2.4.1 Assumptions

3 Executive Summary (Page No. - 27)
    3.1 Introduction
    3.2 Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 32)
    4.1 Asia-Pacific: the Largest Market for Industrial Air Compressor During the Forecast Period
    4.2 Industrial Air Compressor Market Size, By Product Type, 2021
    4.3 Industrial Air Compressor Market, By Industry, 2021
    4.4 Industrial Liquid Air Compressor Market, By Output Pressure
    4.5 Asia-Pacific Industrial Air Compressor Market
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Next Generation Compressor Technologies
    5.3 Pricing Details of Leading Air Compressor Class
    5.4 Industrial Air Compressor: Market Segmentation
           5.4.1 By Product Type
           5.4.2 By Seal Type
           5.4.3 By Output Power
           5.4.4 By Maximum Pressure
           5.4.5 By Industry
           5.4.6 By Region
    5.5 Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Industrialization in Emerging Economies Would Increase Demand for Industrial Air Compressors
                    5.5.1.2 Increasing Demand for Energy-Efficient Compressors
                    5.5.1.3 Rise in Energy Consumption
                    5.5.1.4 Expansion of Liquefaction Capacities in the U.S. & Australia
           5.5.2 Restraints
                    5.5.2.1 Declining Lng Imports in Japan & South Korea
           5.5.3 Opportunities
                    5.5.3.1 Growing Demand for Environment-Friendly Compressors
                    5.5.3.2 Gas Transportation Network Gaining Momentum
           5.5.4 Challenges
                    5.5.4.1 Noise Pollution From Industrial Compressors
                    5.5.4.2 Adherence to Strict Quality Standards for Manufactures

6 Industrial Air Compressor Market, By Product Type (Page No. - 52)
    6.1 Introduction
    6.2 Positive Displacement
           6.2.1 Reciprocating Compressor
           6.2.2 Rotary Compressor
    6.3 Dynamic Displacement Compressor
           6.3.1 Centrifugal Compressor
           6.3.2 Axial Compressor

7 Industrial Air Compressor Market, By Maximum Pressure (Page No. - 60)
    7.1 Introduction
    7.2 0 Bar–20 Bar
    7.3 20 Bar–100 Bar
    7.4 Above 100 Bar

8 Industrial Air Compressor Market, By Output Power (Page No. - 64)
    8.1 Introduction
    8.2 0 kW–50 kW Output Power
    8.3 50 kW–250 kW Output Power
    8.4 250 kW–500 kW Output Power
    8.5 Above 500 kW Output Power

9 Industrial Air Compressor Market, By Seal Type (Page No. - 69)
    9.1 Introduction
    9.2 Lubricated Air Compressor
    9.3 Oil Free Air Compressor

10 Industrial Air Compressor Market, By Industry (Page No. - 73)
     10.1 Introduction
     10.2 Oil & Gas
     10.3 Chemical & Petrochemicals
     10.4 Food & Beverage
     10.5 Manufacturing
     10.6 Power Generation
     10.7 Others

11 Industrial Air Compressor Market, By Region (Page No. - 81)
     11.1 Introduction
     11.2 Asia-Pacific
             11.2.1 By Seal Type
             11.2.2 By Output Power
             11.2.3 By Industry
             11.2.4 By Country
                        11.2.4.1 China
                        11.2.4.2 India
                        11.2.4.3 Australia
                        11.2.4.4 Japan
                        11.2.4.5 Southeast Asia
                        11.2.4.6 Rest of Asia-Pacific
     11.3 North America
             11.3.1 By Seal Type
             11.3.2 By Output Power
             11.3.3 By Industry
             11.3.4 By Country
                        11.3.4.1 U.S.
                        11.3.4.2 Canada
                        11.3.4.3 Mexico
     11.4 Middle East & Africa
             11.4.1 By Seal Type
             11.4.2 By Output Power
             11.4.3 By Industry
             11.4.4 By Country
                        11.4.4.1 Saudi Arabia
                        11.4.4.2 UAE
                        11.4.4.3 South Africa
                        11.4.4.4 Rest of the Middle East & Africa
     11.5 Europe
             11.5.1 By Seal Type
             11.5.2 By Output Power
             11.5.3 By Industry
             11.5.4 By Country
                        11.5.4.1 Russia
                        11.5.4.2 Germany
                        11.5.4.3 U.K.
                        11.5.4.4 France
                        11.5.4.5 Rest of Europe
     11.6 South America
             11.6.1 By Seal Type
             11.6.2 By Output Power
             11.6.3 By Industry
             11.6.4 By Country
                        11.6.4.1 Brazil
                        11.6.4.2 Argentina
                        11.6.4.3 Rest of South America

12 Competitive Landscape (Page No. - 113)
     12.1 Overview
     12.2 Competitive Situations & Trends
             12.2.1 New Product Developments
             12.2.2 Mergers & Acquisitions
             12.2.3 Contracts & Agreements
             12.2.4 Investments & Expansions
             12.2.5 Other Developments

13 Company Profile (Page No. - 121)
     13.1 Introduction
     13.2 Atlas Copco AB
     13.3 Doosan Infracore Co. Ltd.
     13.4 Gardner Denver, Inc.
     13.5 Ingersoll-Rand PLC.
     13.6 Mitsubishi Heavy Industries, Ltd.
     13.7 Boge Kompressoren
     13.8 Elliott Group Ltd.
     13.9 GE Oil & Gas
     13.10 Hitachi Ltd.
     13.11 Howden Group Ltd.
     13.12 Kirloskar Pneumatics Co. Ltd.
     13.13 Kobe Steel Ltd.
     13.14 Man SE
     13.15 Siemens AG
     13.16 Sulzer AG

14 Appendix (Page No. - 161)
     14.1 Insights of Industry Experts
     14.2 Other Developments
             14.2.1 Atlas Copco, AB (2013–2016)
             14.2.2 Boge Kompressoren (2013–2015)
             14.2.3 Elliott Group Ltd. (2014–2015)
     14.3 Discussion Guide
     14.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.5 Introducing RT: Real-Time Market Intelligence
     14.6 Available Customizations
     14.7 Related Reports


List of Tables (86 Tables)

Table 1 Floor Mounted Gearless Screw Compressors (Approx. Price)
Table 2 Variable Speed Direct Gearless Drive Screw Compressors (Approx. Price)
Table 3 Industrial Air Compressor Market Size, By Product Type, 2014–2021 (USD Million)
Table 4 Positive Displacement: Industrial Air Compressor Market Size, By Type, 2014–2021 (USD Million)
Table 5 Positive Displacement: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 6 Reciprocating: Industrial Air Compressor Market Size, By Stage, 2014–2021 (USD Million)
Table 7 Reciprocating: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 8 Rotary: Industrial Air Compressor Market Size, By Stage, 2014–2021 (USD Million)
Table 9 Rotary: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 10 Dynamic Displacement: Industrial Air Compressor Market Size, By Type, 2014–2021 (USD Million)
Table 11 Dynamic Displacement: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 12 Dynamic Displacement: Industrial Air Compressor Market Size, By Stage, 2014–2021 (USD Million)
Table 13 Centrifugal: Industrial Air Compressor Market Size, By Region, 2014–2021, (USD Million)
Table 14 Axial: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 15 Industrial Air Compressor Market Size, By Maximum Pressure, 2014–2021 (USD Million)
Table 16 0 Bar–20 Bar: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 17 20 Bar–100 Bar: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 18 Above 100 Bar: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 19 Industrial Air Compressor Market Size, By Output Power, 2014–2021 (USD Million)
Table 20 0 kW–50 kW: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 21 50 kW–250 kW: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 22 250 kW–500 kW: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 23 Above 500 kW: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 24 Industrial Air Compressor Market Size, By Seal Type, 2014–2021 (USD Million)
Table 25 Lubricated: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 26 Oil Free: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 27 Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 28 Oil & Gas: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 29 Oil & Gas: Industrial Air Compressor Market Size, By Maximum Pressure, 2014–2021 (USD Million)
Table 30 Chemical & Petrochemicals: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 31 Chemical & Petrochemicals: Industrial Air Compressor Market Size, By Maximum Pressure, 2014–2021 (USD Million)
Table 32 Food & Beverage: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 33 Food & Beverage: Industrial Air Compressor Market Size, By Maximum Pressure, 2014–2021 (USD Million)
Table 34 Manufacturing: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 35 Manufacturing: Industrial Air Compressor Market Size, By Maximum Pressure, 2014–2021 (USD Million)
Table 36 Power Generation: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 37 Power Generation: Industrial Air Compressor Market Size, By Maximum Pressure, 2014–2021 (USD Million)
Table 38 Others: Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 39 Others: Industrial Air Compressor Market Size, By Maximum Pressure, 2014–2021 (USD Million)
Table 40 Industrial Air Compressor Market Size, By Region, 2014–2021 (USD Million)
Table 41 Asia-Pacific: Industrial Air Compressor Market Size, By Seal Type, 2014–2021 (USD Million)
Table 42 Asia-Pacific: Industrial Air Compressor Market Size, By Output Power, 2014–2021 (USD)
Table 43 Asia-Pacific: Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 44 Asia-Pacific: Industrial Air Compressor Market Size, By Country, 2014–2021 (USD Million)
Table 45 China: Industrial Air Compressor Market Size, By Industry, 2014–2021, (USD Million)
Table 46 India: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 47 Australia: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 48 Japan: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 49 Southeast Asia: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 50 Rest of Asia-Pacific: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 51 North America: Industrial Air Compressor Market Size, By Seal Type, 2014–2021 (USD Million)
Table 52 North America: Industrial Air Compressor Market Size, By Output Power, 2014–2021 (USD Million)
Table 53 North America: Industrial Air Compressor Market Size, By Industry, 2014–2021, (USD Million)
Table 54 North America: Industrial Air Compressor Market Size, By Country, 2014–2021 (USD Million)
Table 55 U.S.: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 56 Canada: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 57 Mexico: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 58 Middle East & Africa: Industrial Air Compressor Market Size, By Seal Type, 2014–2021 (USD Million)
Table 59 Middle East & Africa: Industrial Air Compressor Market Size, By Output Power, 2014–2021 (USD Million)
Table 60 Middle East & Africa: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 61 Middle East & Africa: Industrial Air Compressor Market Size, By Country, 2014–2021 (USD Million)
Table 62 Saudi Arabia: Industrial Air Compressor Market Size, By Industry 2014–2021 (USD Million)
Table 63 UAE: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 64 South Africa: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 65 Rest of the Middle East & Africa: Industrial Air Compressor Market Size, By Industry 2014–2021 (USD Million)
Table 66 Europe: Industrial Air Compressor Market Size, By Seal Type, 2014–2021 (USD Million)
Table 67 Europe: Industrial Air Compressor Market Size, By Output Power, 2014–2021 (USD Million)
Table 68 Europe: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 69 Europe: Industrial Air Compressor Market Size, By Country, 2014–2021 (USD Million)
Table 70 Russia: Industrial Air Compressor Market Size, By Industry 2014–2021 (USD Million)
Table 71 Germany: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 72 U.K.: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 73 France: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 74 Rest of Europe: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 75 South America: Industrial Air Compressor Market Size, By Seal Type, 2014–2021 (USD Million)
Table 76 South America: Industrial Air Compressor Market Size, By Output Power, 2014–2021 (USD Million)
Table 77 South America: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 78 South America: Industrial Air Compressor Market Size, By Country, 2014–2021 (USD Million)
Table 79 Brazil: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 80 Argentina: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 81 Rest of South America: Industrial Air Compressor Market Size, By Industry, 2014–2021 (USD Million)
Table 82 New Product Developments, 2016
Table 83 Mergers & Acquisitions, 2016
Table 84 Contracts & Agreements, 2015–2016
Table 85 Investments & Expansions, 2015–2016
Table 86 Other Developments, 2014–2015


List of Figures (59 Figures)

Figure 1 Industrial Air Compressor: Market Segmentation
Figure 2 Industrial Air Compressor Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Methodology
Figure 6 Asia-Pacific Dominated the Industrial Air Compressor Market in 2015
Figure 7 Industrial Air Compressor Market Share, By Product Type (2015)
Figure 8 The Manufacturing Industry Led the Industrial Air Compressor Market, By Industry, in 2015
Figure 9 Industrial Air Compressor Market, By Output Pressure, 2016 & 2021
Figure 10 Attractive Opportunities in the Industrial Air Compressor Market
Figure 11 Industrial Air Compressor Market Share (Value), By Country, 2015
Figure 12 Rotary Compressor Subsegment is Expected to Continue Dominating the Industrial Air Compressor Market During the Forecast Period
Figure 13 The Asia-Pacific Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 0 Bar–20 Bar Maximum Pressure Air Compressor Segment to Lead the Industrial Air Compressor Market, During the Forecast Period
Figure 15 Manufacturing Segment Accounted for the Largest Share of the Asia-Pacific Industrial Air Compressor Market in 2015
Figure 16 The Asia-Pacific Industrial Air Compressor Market is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 17 Industrial Air Compressor By Product Type
Figure 18 IoT Architecture for Industrial Air Compressors
Figure 19 Industrial Air Compressor Market Segmentation
Figure 20 Industrial Air Compressor Market, By Product Type
Figure 21 Industrial Air Compressor Market, By Seal Type
Figure 22 Industrial Air Compressor Market, By Output Power
Figure 23 Industrial Air Compressor Market, By Maximum Pressure
Figure 24 Industrial Air Compressor Market, By Industry
Figure 25 Industrial Air Compressor Market, By Region
Figure 26 Growing Industrialization in Emerging Economies & Rise in Energy Consumption to Drive the Industrial Air Compressor Market During the Forecast Period
Figure 27 Historical Crude Oil Price Trend (April 2013–July 2016)
Figure 28 Top 10 Energy Consuming Nations in 2015
Figure 29 Liquefaction Capacity Growth By Country
Figure 30 Positive Displacement Segment is Expected to Drive the Industrial Air Compressor Market Till 2021
Figure 31 20 Bar–100 Bar Maximum Pressure Segment is Expected to Drive the Industrial Air Compressor Market Till 2021
Figure 32 50 kW–250 kW Segment is Expected to Drive the Industrial Air Compressor Market Till 2021
Figure 33 Lubricated Compressor Segment is Expected to Drive the Industrial Air Compressor Market Till 2021
Figure 34 Industrial Air Compressor Market Share, By Industry, 2016 & 2021
Figure 35 Regional Snapshot (2015): Growing Markets Emerging as New Hot Spots
Figure 36 Asia-Pacific to Drive Industrial Air Compressor Market Size, By Region, 2016 & 2021 (USD Million)
Figure 37 An Overview of the Asia-Pacific Industrial Air Compressor Market
Figure 38 An Overview of the Industrial Air Compressor Market in North America
Figure 39 Companies Adopted Investment & Expansion as the Key Growth Strategy, 2012–2016
Figure 40 Market Evaluation Framework: Market Share Analysis (2015)
Figure 41 Market Evaluation Framework: Contracts & Agreements, Mergers & Acquisitions, and New Product Developments Fueled the Growth of Companies From 2013 to 2016
Figure 42 Region-Wise Revenue Mix of the Top 5 Market Players
Figure 43 Atlas Copco AB: Company Snapshot
Figure 44 Atlas Copco AB : SWOT Analysis
Figure 45 Doosan Infracore Co. Ltd.: Company Snapshot
Figure 46 Doosan Infracore Co. Ltd.: SWOT Analysis
Figure 47 Gardner Denver, Inc.: SWOT Analysis
Figure 48 Ingersoll-Rand PLC.: Company Snapshot
Figure 49 Ingersoll-Rand PLC.: SWOT Analysis
Figure 50 Mitsubishi Heavy Industries, Ltd.: Company Snapshot
Figure 51 Mitsubishi Heavy Industries, Ltd.: SWOT Analysis
Figure 52 GE Oil & Gas: Company Snapshot
Figure 53 Hitachi Ltd.: Company Snapshot
Figure 54 Howden Group Ltd.: Company Snapshot
Figure 55 Kirloskar Pneumatics Co. Ltd.: Company Snapshot
Figure 56 Kobe Steel Ltd.: Company Snapshot
Figure 57 Man SE: Company Snapshot
Figure 58 Siemens AG: Company Snapshot
Figure 59 Sulzer AG: Company Snapshot

The global industrial air compressor market is projected to reach USD 34.87 Billion by 2021, growing at a CAGR of 6.3% from 2016 to 2021. This growth can be attributed to growing demand for advanced and efficient air compressors and growth of cross border oil & gas pipeline network.

The industrial air compressors are used to increase pressure by converting power into potential energy, which is stored as pressurized air. This pressurized air is used to power pneumatic tools, to compress gas for transport, cutting & welding, packaging, cooling and freezing, among other applications. This has led to the increasing installation of air compressors across industries.

The positive displacement air compressor segment is estimated to dominate the industrial air compressor market, by product type. The demand for positive displacement air compressors is fueled by its wide range of application and the growing demand for air and gas compression across industries. Significant investments are being made across the world to improve cross border oil & gas transportation network, rapid industrialization in emerging economies, and high demand for processed food are also likely to be among the major driving factors. Moreover, the growth of industries such as chemicals and petrochemicals, manufacturing, power generation, pharmaceuticals, pulp and paper, and food and beverage, is also expected to boost the demand for these air compressors.

The Asia-Pacific is estimated to lead the industrial air compressor market, in terms of growth rate as well as market size, from 2016 to 2021. High growth in the power generation, food and beverages and pharmaceuticals sectors and new and proactive policy reforms to support the growth of the manufacturing sector in India and China are key factors driving the market in this region. China is estimated to be the largest market globally, and is set to grow at promising CAGR from 2016 to 2021. India is expected to follow, registering the second-highest growth rate during the same period.

Industrial Air Compressor Market

Countries such as the U.K., the U.S., Germany, and France are investing in cleaner and renewable power generation methods. This has reduced the demand for air compressors in the power generation industry. Furthermore, slow industrial growth and the economic recession are also expected to affect the demand for industrial air compressors and restrict market growth. For instance, the demand for air compressors in the upstream oil & gas industry witnessed a drastic fall due to the slump in oil prices.

Leading players in the industrial air compressor market include Atlas Copco AB (Sweden), Doosan Infracore Co. Ltd. (South Korea), Gardner Denver, Inc. (U.S.), Ingersoll-Rand plc (Ireland), and Hitachi Ltd (Japan). New product/service/technology launch is the strategy most widely adopted by players in the industrial air compressor market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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