HOME › Research Insight › New Products/Services/Technology Launches are among the Most Employed Strategies, by Players in the Industrial Air Compressor Market
New Products/Services/Technology Launches are among the Most Employed Strategies, by Players in the Industrial Air Compressor Market
The global industrial air compressor market is estimated to grow at a CAGR of 6.3% from 2016 to 2021. Market growth can be attributed to the growth of industries such as power generation, manufacturing, chemicals & petrochemicals, pharmaceuticals, oil & gas, and food & beverages among others in regions such as the Asia-Pacific, North America, and Europe. The Asia-Pacific is projected to be the largest market for industrial air compressors by 2021, due to the high growth in the manufacturing, chemicals, petrochemicals, oil & gas industries in the region.
The industrial air compressor market is highly fragmented, and comprises numerous regional as well as international players. Leading market players include Atlas Copco (U.S.), BOGE Kompressoren (Germany), Doosan Infracore Co. Ltd. (South Korea), Gardner Denver, Inc. (U.S.), Ingersoll-Rand plc (Ireland) and Mitsubishi Heavy Industries, Ltd. (Japan). Other companies operating in the market include Elliott Group Ltd. (U.K.), GE Oil & Gas (U.K.), Hitachi Ltd (Japan), Siemens AG (Germany), Sulzer AG (Switzerland), and MAN SE (Germany).
New products/services/technology launches are among the most employed strategies, by players in the industrial air compressor market to increase their revenue and market share. Given the increasingly stringent government regulations and growing environmental concerns, launching new products is an effective means of adhering to new emission regulations and providing more advanced and quieter air compressors to end-user industries.
Atlas Copco (U.S.) recorded the highest number of mergers & acquisitions from 2013 to 2016. The company has a well-established distribution network, and has expanded its market presence in developing regions such as the Asia-Pacific and the Middle East to tap into the growing demand for industrial air compressors in these regions. Atlas Copco recently acquired Schneider Druckluft GmbH (Germany), an air systems/compressor manufacturer in August 2016 to increase its presence in the European air compressor market and increase its overseas revenue. The company has decades of experience in the industrial air compressor industry, which has enabled it to build a strong brand in the global market.
Doosan Infracore Co. Ltd. (South Korea) is a leading player in terms of its product portfolio. The company has chosen the strategy of new product launches to increase its penetration in the global air compressor market by offering a variety of compressors for different applications. The company has launched small sized high-pressure compressor HP450/VHP400 which will further aid the end-user industries in reducing their carbon footprint.
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
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India