Industrial Air Compressor Market by Product Type (Positive Displacement, Dynamic), Output Power (Up to 50 kW, 51–250 kW, 251–500 kW, & Above 500 kW), Seal (Oil-flooded & Oil-free), End-user, Design, Pressure, Coolant and Region - Global Forecast to 2026
[375 Pages Report] The global industrial air compressor market is projected to reach USD 42.9 billion by 2026 from an estimated USD 32.7 billion in 2021, at a CAGR of 5.6% during the forecast period. Rapid industrialization and increasing automation in emerging economies, inflow of investments and rising demand for oil-free compressors in food & beverages industry and the surging demand from HVAC industry are the driving factors for the industrial air compressor market.
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COVID-19 Impact on the Global Industrial Air Compressor Market
COVID-19 has unleashed a devastating blow to the global economy and the energy sector, disrupting supply chains while choking off demand. The COVID-19 pandemic has not only affected the healthcare sector worldwide but also impacted the global economy. It has had a substantial economic impact on various industrial sectors, such as manufacturing, power generation, renewables, nuclear, and oil & gas.
In August 2021, the US, Canada, and countries of Western Europe experienced relief from the pandemic. This progress was achieved by the continuous rollout of vaccines in these countries. Nevertheless, although vaccines have proved highly effective at preventing this severe disease in the West European countries, countries including the UK, Israel, and the US have been experiencing shortcomings in the ability of the vaccine to prevent infection from the new variants.
Market Trends
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Industrial Air Compressor Market Dynamics
Driver: Rapid industrialization and increasing automation in emerging economies
Industrial air compressors have a wide range of applications in industries such as chemicals and petrochemicals, oil & gas, pharmaceuticals, construction, automotive and transportation, packaging industry, power generation, healthcare, metals and mining, and others. Moreover, 70% of all manufacturers use compressed air systems. Rapidly increasing industrialization and manufacturing activities offer immense potential for the growth of the industrial air compressor market due to increasing investments and capacity expansions. Several emerging economies, such as Asia Pacific and Africa, have boosted their industrial and economic developments. In addition, government initiatives to promote industrial automation and emphasis on industrial automation for optimum utilization of resources are also driving the demand for industrial air compressors as they can be used for powering pneumatic tools, packaging, automation equipment, and conveyors.
According to the International Energy Agency’s World Energy Investment Report 2021, the annual global energy investment is expected to increase back to pre-crisis levels. The composition has evolved from traditional fuel production to power and end-user industries. New oil refineries are being constructed in Russia, China, Brunei, India, Saudi Arabia, and the US, while new power generation projects are being undertaken in Asia Pacific, Africa, and the Middle East. Additionally, capacity expansion and construction of new chemical plants are taking place on a global scale in major economies such as China, India, South Korea, and Russia, among others. Subsequently, the chemical and oil & gas refining sectors require compressors for processing and operating mechanisms. For instance, compressors are used in oil & gas refineries to provide a steady flow of process gases through the close conduct to the reactor.
With the government in India pushing large infrastructure projects, demand for cement is expected to increase by an estimated 45 million tons in the next three to four years. By 2025, India’s demand for cement is expected to reach 550–600 million Tons Per Annum (MTPA). In China, the pulp and paper industry has been developing rapidly since 2001. China is currently one of the largest pulp and paper product manufacturers globally. Approximately, 50% of the total global pulp and paper production capacity is located in China, the US, and Canada. The growth of the chemical, refining, and power generation sectors would also drive the industrial air compressor market, especially in Asia Pacific.
Restraints: Increased financial losses, equipment downtime, and unnecessary capacity additions associated with air leaks.
Leaks, artificial demand, and poor practices can result in increased financial losses, equipment downtime, and unnecessary capacity additions. The average compressed system loses between 25 to 35% of compressed air to leaks; so cost controls require routine monitoring and repairs. Air leaks can be the largest waste of compressed air energy at a manufacturing plant. For example, an eighth-of-an-inch diameter leak in a 100 psi system can cost more than USD 12,000 annually in unused energy. Depending on pressure requirements and energy costs, a single fourth-of-an-inch leak in a compressed air line in a facility can cost USD 2,500 to more than USD 8,000 per year. Many air systems operate at high pressures to account for peaks in usage, and also to compensate for leaks, pressure drops, and flow fluctuations. However, operating at high pressures can require as much as 25% more compressor capacity than required, generating wasted air called artificial demand. Consequently, several SMEs may find it difficult to conduct air audits and manage leaks resulting in production losses and increased non-productive time.
Opportunities: Increasing demand for energy-efficient air compressors
With the adoption of the Paris Agreement in 2015, the world needs to harness low-carbon energy sources to control greenhouse gas (GHG) emissions and limit the increase of global mean surface temperature to below 2°C relative to pre-industrial levels by the end of the century. With a growing focus on energy costs and rising greenhouse gas emissions, attention has shifted toward the use of energy-efficient compressed air solutions. The European Union (EU) has proposed the 2030 Climate Target Plan, which proposes to raise the EU's ambition on reducing greenhouse gas emissions to at least 55% below 1990 levels by 2030.
A compressed air system is one of the key industry equipment that has to follow this energy policy. Meanwhile, easy and safe generation of compressed air is increasing the use of air compressors in various industrial applications. According to the US DOE, 50% of industrial plant air systems harbor opportunities for large energy savings with relatively low project costs. To achieve energy savings, compressed air systems require proper maintenance and high-level monitoring. This results in an enhanced life cycle of pneumatic devices and ensures higher reliability of compressed air systems.
Modern compressors can achieve long-term savings and ensure a cleaner environment. Environment-friendly compressors need less fuel and make less noise. Also, the modern generation air compressor systems have a heat recovery feature, which helps recover up to 94% of the heat generated by the compressors. This recovered energy can be used for pre-heating of the feedwater or air. This is a major advancement for power generation industries. The modern air system also recommends using IE4 compliant motors as they help reduce electricity consumption. All these factors have created better growth opportunities for the industrial air compressor market during the forecast period.
Challenges: Adherence to stringent quality standards
Countries such as the US, Canada, the UK, and other European countries have introduced new emission standards for compressors to improve air quality by decreasing the discharge of contaminants. The standards are regularly updated time-to-time, which may require the manufacturer to make drastic adjustments in the design and performance of the industrial air compressors. Moreover, contamination of compressed air is a severe issue for several industries such as food & beverages, healthcare, pharmaceuticals, and chemicals. A safer compressed air supply is required to uphold an efficient and cost-effective production.
The majority of the industrialized nations have imposed stringent rules and regulations, which must be adhered to during the use of compressors, to limit the emission of contaminants by air compressors and prevent health hazards due to contaminated compressed air. For instance, the US has released a Tier 4B regulation for compressor manufacturers. The US DOE is adopting new energy conservation standards for compressors, which is expressed in package isentropic efficiency (the ratio of the theoretical isentropic power required for a compression process to the actual power required for the same process). These standards would be applied to all compressors and manufactured in or imported to the US starting from January 10, 2025.
In addition, the British Compressed Air Society (UK) and British Retail Consortium (UK) have jointly designed and developed a Code of Practice for compressed air used in the food & beverages industry, to assist food manufacturers. This ensures minimum quality standards for compressed air and also defines permissible levels for dirt, water, and oil along with air quality levels as specified in ISO8573-1, the International Standard for Compressed Air purity. Furthermore, in the compressed air industry, standards may also be produced by trade associations such as PNEUROP (European Association of Manufacturers of Compressors, Vacuum Pumps, Pneumatic Tools, and Air & Condensate Treatment Equipment) and CAGI (United States Compressed Air and Gas Institute).
By Product Type, the positive displacement segment is expected to make the largest contribution to the industrial air compressor market during the forecast period.
The positive displacement segment held the largest share of the industrial air compressor market in 2020, and a similar trend is likely to continue in the near future. Such compressors can be bifurcated into reciprocating and rotary compressors. These compressors can be oil-free or lubricated, depending upon the application requirement. Positive displacement air compressors are commonly used in construction, automotive and transportation, packaging, food & beverages, metals and mining, and other end-user industries. These sectors are expected to experience a growth in investments, propelling the demand for positive displacement air compressors.
By Design Type, the stationary segment is expected to be the largest segment during 2021-2026.
The stationary segment accounted for a larger market share in 2020. The stationary design enables the industrial air compressors to be fixed at a specific location. The cfm rating of these air compressors is higher than portable air compressors as they can produce an enormous quantity of compressed air at a single time. The growing food & beverages, chemical, and automobile industries are likely to drive the demand for stationary industrial compressors during the forecast period.
By Pressure Type, the up to 20 bar segment is expected to grow at the fastest rate during the forecast period.
The up to 20 bar pressure segment held a larger share of the industrial air compressor market in 2020. The expanding food and beverages, and pharmaceuticals companies are rapidly investing in the deployment of such industrial air compressors. Growth in these industries during the forecast period will also drive the demand for compressors providing pressures in this range.
By Output Power, the 51–250 kW segment is expected to dominate to the industrial air compressor market during the forecast period.
The larger share of the industrial air compressor market in 2020 was held by the 51–250 kW segment. Compressors in this range have an approximate rated pressure in the range of 0.3–20 bar. They find applications in power generation, water and wastewater treatment plants, chemical and petrochemical industry, food & beverages industry, mining, automotive and transportation industry, packaging industry, construction, metals industry, and manufacturing, among others. Several large-scale investments in chemical projects, especially in developing countries, have contributed to an increase in demand for industrial air compressors within the 51–250 kW output power range and are expected to further increase in demand during the forecast period.
By Seal Type, the oil-flooded segment is expected to dominate to the industrial air compressor market during the forecast period.
Oil-flooded compressors use oil to lubricate the air compression chamber, lubricate parts, and seal in the air. They held a larger share of the industrial air compressor market in 2020 and are expected to maintain their lead during the forecast period. They find increasing usage as they are more economical than an oil-free compressor and generally complete the compression process in a single stage. The compressor is commonly used in industries such as oil & gas, textiles, rubber and plastics, and metals and mining, where cleaner compressed air requirement is optional.
By Coolant Type, the air-cooled segment is expected to be the largest contributor to the industrial air compressor market during the forecast period.
An air-cooled industrial air compressor uses air to reduce the temperature of the compressed air and any other material present. Air-cooled industrial air compressors are used in different applications, such as PET mold bottles and power generation. Modern compressors are mostly air-cooled, consisting of forced ventilation, which cools the fluid with the help of blowers, heat exchangers, and others. These compressors held a larger share of the industrial air compressor market in 2020, and their demand is expected to grow during the forecast period as well.
By End-User Industry, the chemicals & petrochemicals segment is expected to dominate the industrial air compressor market during the forecast period.
The chemicals and petrochemical end-user industry held the largest share of the industrial air compressor market in 2020. The chemicals and petrochemicals segment is expected to be the largest consumer of industrial air compressors during the forecast period, with growing demand for chemical and petrochemical products from emerging economies. Moreover, large-scale new chemical and petrochemical projects, including expansions of current projects, are planned in the emerging economies of Asia, which are expected to drive the growth. Industrial air compressors are typically used in material handling, equipment cleaning, nitrogen generation required in many chemical processes, in the cleaning of product systems and aeration processes of products, or in mixing procedures to accelerate their drying.
Asia Pacific is expected to be the largest market during the forecast period.
North America, Europe, South America, Asia Pacific, and Middle East & Africa are the major regions considered for the study of the industrial air compressor market. The growth of the Asia Pacific market is driven by the increasing investments in LNG, chemical, and mining projects. and the growth of the manufacturing industry.
Key Market Players
The major players in the global industrial air compressor market are Atlas Copco (Sweden), Ingersoll Rand (US), Doosan Infracore (South Korea), Hitachi (Japan), Kobe Steel (Japan), BOGE Kompressoren (Germany), Volkswagen (MAN Energy Solutions), ELGi Equipments (India), Kirloskar Pneumatic (India), Kaeser Kompressoren (Germany), Danfoss (Denmark), Coaire (UAE), Siemens Energy (Germany), Sulzer (Switzerland), Baker Hughes (US), Nidec, EBARA Corporation (Elliott Group), Howden Group (US), Fusheng Group (Taiwan), Mitsubishi Heavy Industries (Japan), Aerzener Maschinenfabrik (Germany), Hubei Teweite Power Technology (China), SungShin Compressor (South Korea), Air Squared (US), Oasis Manufacturing (US), Saimona Compressor (India), VMAC (Canada), and others.
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|
Report Metric |
Details |
|
Market Size available for years |
2019–2026 |
|
Base year considered |
2020 |
|
Forecast period |
2021–2026 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Product Type, Design, Pressure, Output Power, Seal Type, Coolant Type, and End-User Industry |
|
Geographies covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
|
Companies covered |
Atlas Copco (Sweden), Ingersoll Rand (US), Doosan Infracore (South Korea), Hitachi (Japan), and Kobe Steel (Japan), BOGE Kompressoren (Germany), Volkswagen (MAN Energy Solutions), ELGi Equipments (India), Kirloskar Pneumatic (India), Kaeser Kompressoren (Germany), Danfoss (Denmark), Coaire (UAE), Siemens Energy (Germany), Sulzer (Switzerland), Baker Hughes (US), Nidec, EBARA Corporation (Elliott Group), Howden Group (US), Fusheng Group (Taiwan), Mitsubishi Heavy Industries (Japan), Aerzener Maschinenfabrik (Germany), Hubei Teweite Power Technology (China), SungShin Compressor (South Korea), Air Squared (US), Oasis Manufacturing (US), Saimona Compressor (India), VMAC (Canada), and others. |
This research report categorizes the industrial air compressor market based on product type, design, pressure, output power, seal type, coolant type, end-user industry, and geography.
Based on Product Type, the market has been segmented as follows:
- Positive Displacement
- Reciprocating
- Rotary
- Screw
- Scroll
- Others (Vane and Lobe industrial air compressors)
- Dynamic Displacement
- Centrifugal
- Axial
Based on Design, the market has been segmented as follows:
- Stationary
- Portable
Based on Pressure, the market has been segmented as follows:
- Up To 20 Bar
- 21–100 Bar
- Above 100 Bar
Based on Output Power, the market has been segmented as follows:
- Up To 50 kW
- 51–250 kW
- 251–500 kW
- Above 500 kW
Based on Seal Type, the market has been segmented as follows:
- Oil-flooded
- Oil-free
Based on Coolant Type, the market has been segmented as follows:
- Air-Cooled
- Water-Cooled
Based on End-user Industry, the market has been segmented as follows:
- Chemicals & Petrochemicals
- Food & Beverages
- Oil & Gas
- Pharmaceuticals
- Construction
- Automotive & Transportation
- Packaging (includes PET Blowing)
- Power Generation
- Healthcare
- Metals & Mining
- HVAC
- Others (Textiles, Paper & Pulp, Rubber & Plastics, Agriculture, Water & Wastewater Treatment, and Aerospace & Defense)
Based on the Geography, the market has been segmented as follows:
- North America
- Asia Pacific
- South America
- Europe
- Middle East & Africa
Recent Developments
- In November 2021, Atlas Copco acquired S.T.E.R.I. srl (STERI), an Italy-based compressor distributor and service provider located in Turin. The company mainly serves a wide range of local industrial companies in the Piedmont and Valle d’Aosta regions in Italy. Its range includes compressors, filters, and ancillary equipment. The business has become part of the Compressor Technique Service division within the Compressor Technique Business Area.
- In October 2021, Ingersoll Rand acquired Air Dimensions Inc. for an all-cash purchase of USD 70.5 million. Based in Deerfield Beach, Fla., Air Dimensions designs, manufactures, and sells vacuum diaphragm pumps primarily for environmental applications in high-growth, sustainable end markets, such as emission monitoring, biogas, utility, and chemical processes.
- In June 2021, Doosan Infracore (Doosan Portable Power) launched its new Evolution Series portable air compressors. These new machines are a significant technological update for Doosan portable air compressors. Three of the four models of this new line have Doosan FlexAir technology, a new feature that allows operators to adjust air pressure to a wide psi range. Two of the new models with Doosan FlexAir technology, the Doosan Evolution Series P185-HP150WDO-T4F and XP185-VHP165WDO-T4F, are in the 185 cfm class.
- In June 2021, Kobe Steel and Miura Co., Ltd., signed an agreement concerning Miura’s investment in Kobe Steel’s wholly owned subsidiary Kobelco Compressors Corporation and Kobe Steel’s investment in Miura as well as a shareholders agreement concerning Kobelco Compressors. Through integrating the standard compressor business into Kobelco Compressors and converting the company into a joint venture, Kobe Steel and Miura aim to work together to implement strategies centered on the standard compressor business and achieve synergies.
- In March 2021, Hitachi Global Life Solutions, a subsidiary of Hitachi, signed an agreement to transfer all outstanding shares of Hitachi Compressor (Thailand), Ltd., a wholly owned subsidiary in Thailand that manufactures compressors for refrigerators, to Midea Electric Trading (Singapore) Co. Pte, Ltd., a subsidiary of China's Midea Group and a trading company for home appliances sales.
Frequently Asked Questions (FAQ):
What is the current size of the industrial air compressor market?
The current market size of global industrial air compressor market is USD 31.5 billion in 2020.
What are the major drivers for the industrial air compressor market?
Rapid industrialization and increasing automation in emerging economies, inflow of investments and rising demand for oil-free compressors in food & beverages industry and the surging demand from HVAC industry are the driving factors for the industrial air compressor market.
Which is the fastest-growing region during the forecasted period in industrial air compressor market?
Asia Pacific is the fastest-growing region and its growth is driven by the increasing investments in LNG, chemical, and mining projects. and the growth of the manufacturing industry.
Which is the largest segment, by end-user industry during the forecasted period in industrial air compressor market?
The chemicals and petrochemicals end-user industry held the largest share of industrial air compressor market during the forecast period, as a result growing demand for chemical and petrochemical products from emerging economies. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 36)
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRODUCT TYPE
1.3.2 MARKET, BY PRESSURE
1.3.3 MARKET, BY OUTPUT POWER
1.3.4 MARKET, BY COOLANT TYPE
1.3.5 MARKET, BY SEAL TYPE
1.3.6 MARKET, BY END-USER INDUSTRY
1.4 MARKET SCOPE
FIGURE 1 INDUSTRIAL AIR COMPRESSOR MARKET SEGMENTATION
1.4.1 REGIONAL SCOPE
1.4.2 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 43)
2.1 RESEARCH DATA
FIGURE 2 INDUSTRIAL AIR COMPRESSOR MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 3 DATA TRIANGULATION METHODOLOGY
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Breakdown of primaries
2.3 IMPACT OF COVID-19 ON INDUSTRY
2.4 SCOPE
FIGURE 4 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR INDUSTRIAL AIR COMPRESSORS
2.5 MARKET SIZE ESTIMATION
2.5.1 BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.5.2 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.5.3 DEMAND-SIDE ANALYSIS
2.5.3.1 Regional analysis
2.5.3.2 Country analysis
2.5.3.3 Assumptions for demand-side
2.5.3.4 Calculation for demand-side
2.5.4 SUPPLY-SIDE ANALYSIS
FIGURE 7 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF INDUSTRIAL AIR COMPRESSORS
FIGURE 8 MARKET: SUPPLY-SIDE ANALYSIS
2.5.4.1 Supply-side calculation
2.5.4.2 Assumptions for supply-side
FIGURE 9 COMPANY REVENUE ANALYSIS, 2020
2.5.5 FORECAST
3 EXECUTIVE SUMMARY (Page No. - 57)
TABLE 1 INDUSTRIAL AIR COMPRESSOR MARKET SNAPSHOT
FIGURE 10 ASIA PACIFIC DOMINATED MARKET IN 2020
FIGURE 11 POSITIVE DISPLACEMENT TYPE TO ACCOUNT FOR LARGEST SHARE OF MARKET, BY PRODUCT TYPE, FROM 2021 TO 2026
FIGURE 12 RECIPROCATING TYPE TO LEAD MARKET, FROM 2021 TO 2026
FIGURE 13 SCREW TYPE TO LEAD MARKET, FROM 2021 TO 2026
FIGURE 14 CENTRIFUGAL TYPE TO LEAD MARKET, FROM 2021 TO 2026
FIGURE 15 STATIONARY SEGMENT TO HOLD LARGER SHARE OF MARKET, BY DESIGN, FROM 2021 TO 2026
FIGURE 16 UP TO 20 BAR SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARKET, BY PRESSURE, FROM 2021 TO 2026
FIGURE 17 51—250 KW SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET, BY OUTPUT POWER, FROM 2021 TO 2026
FIGURE 18 OIL-FLOODED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET, BY SEAL TYPE, FROM 2021 TO 2026
FIGURE 19 AIR-COOLED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET, BY COOLANT TYPE, FROM 2021 TO 2026
FIGURE 20 CHEMICAL & PETROCHEMICAL INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF MARKET, BY END-USER INDUSTRY, FROM 2021 TO 2026
4 PREMIUM INSIGHTS (Page No. - 66)
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL AIR COMPRESSOR MARKET
FIGURE 21 RAPID INDUSTRIALIZATION AND GROWTH IN AUTOMATION IN EMERGING ECONOMIES TO DRIVE GROWTH OF MARKET BETWEEN 2021 AND 2026
4.2 MARKET, BY REGION
FIGURE 22 ASIA PACIFIC MARKET TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
4.3 ASIA PACIFIC MARKET, BY END-USER INDUSTRY AND COUNTRY
FIGURE 23 CHEMICAL & PETROCHEMICAL END-USER INDUSTRY AND CHINA HELD LARGEST SHARES OF MARKET IN ASIA PACIFIC IN 2020
4.4 MARKET, BY PRODUCT TYPE
FIGURE 24 POSITIVE DISPLACEMENT TYPE TO ACCOUNT FOR LARGEST MARKET SHARE, BY PRODUCT TYPE, BY 2026
FIGURE 25 ROTARY TYPE TO ACCOUNT FOR LARGEST MARKET SHARE, BY POSITIVE DISPLACEMENT PRODUCT TYPE, BY 2026
FIGURE 26 SCREW TYPE TO ACCOUNT FOR LARGEST MARKET SHARE, BY ROTARY INDUSTRIAL AIR COMPRESSOR TYPE, BY 2026
FIGURE 27 CENTRIFUGAL TYPE TO ACCOUNT FOR LARGEST MARKET SHARE, BY DYNAMIC DISPLACEMENT PRODUCT TYPE, BY 2026
4.5 INDUSTRIAL AIR COMPRESSOR MARKET, BY DESIGN
FIGURE 28 STATIONARY SEGMENT TO DOMINATE MARKET, BY USAGE TYPE, IN 2026
4.6 MARKET, BY PRESSURE
FIGURE 29 UP TO 20 BAR SEGMENT TO HOLD LARGEST SHARE OF MARKET, BY PRESSURE, IN 2026
4.7 MARKET, BY OUTPUT POWER
FIGURE 30 51—250 KW SEGMENT TO DOMINATE MARKET, BY OUTPUT POWER, IN 2026
4.8 MARKET, BY SEAL TYPE
FIGURE 31 OIL-FLOODED SEGMENT TO DOMINATE MARKET, BY SEAL TYPE, IN 2026
4.9 MARKET, BY COOLANT TYPE
FIGURE 32 AIR-COOLED SEGMENT TO HOLD LARGER SHARE OF MARKET, BY COOLANT TYPE, IN 2026
4.10 MARKET, BY END-USER INDUSTRY
FIGURE 33 CHEMICALS & PETROCHEMICALS SEGMENT TO DOMINATE MARKET, BY END-USER INDUSTRY, IN 2026
5 MARKET OVERVIEW (Page No. - 73)
5.1 INTRODUCTION
5.2 COVID-19 HEALTH ASSESSMENT
FIGURE 34 GLOBAL PROPAGATION OF COVID-19
FIGURE 35 PROPAGATION OF COVID-19 CASES IN SELECTED COUNTRIES
5.3 COVID-19 ECONOMIC ASSESSMENT
FIGURE 36 REVISED GDP FOR SELECTED G20 COUNTRIES IN 2020
5.4 MARKET DYNAMICS
FIGURE 37 INDUSTRIAL AIR COMPRESSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.4.1 DRIVERS
5.4.1.1 Rapid industrialization and increasing automation in emerging economies
TABLE 2 INDUSTRIAL SECTOR USES OF COMPRESSED AIR
FIGURE 38 GLOBAL ENERGY INVESTMENT, BY SOURCE, 2015–2021
5.4.1.2 Inflow of investments and rising demand for oil-free compressors in food & beverages industry
FIGURE 39 CAPITAL EXPENDITURE BY TOP 100 COMPANIES IN FOOD & BEVERAGES INDUSTRY, 2016–2020 (USD BILLION)
TABLE 3 ISO 8573-1:2010 COMPRESSED AIR CONTAMINANTS AND PURITY CLASSES
5.4.1.3 Surging demand from HVAC industry
FIGURE 40 HVAC SYSTEM MARKET, 2017–2026 (USD BILLION)
5.4.2 RESTRAINTS
5.4.2.1 Increased financial losses, equipment downtime, and unnecessary capacity additions associated with air leaks
5.4.2.2 High maintenance costs and total cost of ownership
5.4.3 OPPORTUNITIES
5.4.3.1 Increasing demand for energy-efficient air compressors
5.4.3.2 Rapid transformation of IoT in compressed air industry
5.4.3.3 Initiatives to set up new gas transportation infrastructure and upgrade existing infrastructure
TABLE 4 LIST OF NATURAL GAS PIPELINE PROJECTS IN US
5.4.3.4 Growing adoption of HVAC systems in Asia Pacific
5.4.4 CHALLENGES
5.4.4.1 Adherence to stringent quality standards
TABLE 5 INDUSTRY STANDARDS FOR INDUSTRIAL AIR COMPRESSORS IN EUROPE AND US
5.4.4.2 Reducing noise pollution and enabling quieter operations
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INDUSTRIAL AIR COMPRESSOR PROVIDERS
FIGURE 41 REVENUE SHIFT FOR INDUSTRIAL AIR COMPRESSOR PROVIDERS
5.6 MARKET MAP
FIGURE 42 GMARKET MAP: INDUSTRIAL AIR COMPRESSOR MARKET
TABLE 6 MARKET: ROLE IN ECOSYSTEM
5.7 VALUE CHAIN ANALYSIS
FIGURE 43 VALUE CHAIN ANALYSIS: MARKET
5.7.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.7.2 COMPONENT MANUFACTURERS
5.7.3 INDUSTRIAL AIR COMPRESSOR MANUFACTURERS/ASSEMBLERS
5.7.4 DISTRIBUTORS (BUYERS)/END USERS
5.7.5 POST-SALES SERVICES
5.8 TECHNOLOGY ANALYSIS
5.8.1 IOT-CONNECTED INDUSTRIAL AIR COMPRESSORS
5.9 AVERAGE SELLING PRICES
TABLE 7 AVERAGE SELLING PRICES OF INDUSTRIAL AIR COMPRESSORS IN INDIA, 2020
5.10 TARIFFS, CODES, & REGULATIONS
5.10.1 TARIFFS RELATED TO INDUSTRIAL AIR COMPRESSORS
TABLE 8 IMPORT TARIFFS FOR HS 8414 AIR OR VACUUM PUMPS, AIR OR OTHER GAS COMPRESSORS AND FANS; VENTILATING OR RECYCLING HOODS INCORPORATING A FAN, WHETHER OR NOT FITTED WITH FILTERS IN 2019
5.10.2 CODE AND REGULATIONS RELATED TO INDUSTRIAL AIR COMPRESSORS
TABLE 9 INDUSTRIAL AIR COMPRESSOR: CODES AND REGULATIONS
5.11 INNOVATIONS AND PATENT REGISTRATIONS
TABLE 10 INDUSTRIAL AIR COMPRESSOR: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2017–AUGUST 2021
5.12 PORTER’S FIVE FORCES ANALYSIS
FIGURE 44 PORTER’S FIVE FORCES ANALYSIS FOR INDUSTRIAL AIR COMPRESSOR MARKET
TABLE 11 MARKET: PORTER’S FIVE FORCES ANALYSIS
5.12.1 THREAT OF SUBSTITUTES
5.12.2 BARGAINING POWER OF SUPPLIERS
5.12.3 BARGAINING POWER OF BUYERS
5.12.4 THREAT OF NEW ENTRANTS
5.12.5 INTENSITY OF COMPETITIVE RIVALRY
5.13 CASE STUDY ANALYSIS
5.13.1 BOGE KOMPRESSOREN PROVIDES INDUSTRIAL AIR COMPRESSORS FOR PRODUCTION OF PET BOTTLES AT FONTI DI VINADIO SPA
5.13.1.1 Problem Statement
5.13.1.2 Solution
5.13.2 BOGE KOMPRESSOREN PROVIDES COMPRESSORS FOR AN EFFICIENT SUPPLY OF WORKING AIR FOR METAL-FORMING OPERATIONS
5.13.2.1 Problem Statement
5.13.2.2 Solution
5.13.3 AIR TECHNOLOGIES PROVIDES NEW COMPRESSOR THAT HELPS AUTOMOTOVE MANUFACTURERS TO IMPROVE PLANT OPERATIONS
5.13.3.1 Problem Statement
5.13.3.2 Solution
5.13.4 BOGE KOMPRESSOREN PROVIDED COMPRESSED AIR FOR FILLING BREWERY KEGS AT BLACK SHEEP BREWERY
5.13.4.1 Problem Statement
5.13.4.2 Solution
6 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRODUCT TYPE (Page No. - 107)
6.1 INTRODUCTION
FIGURE 45 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRODUCT TYPE, 2020
TABLE 12 MARKET SIZE, BY PRODUCT TYPE, 2019–2026 (USD MILLION)
TABLE 13 MARKET VOLUME, BY PRODUCT TYPE, 2019–2026 (MILLION UNITS)
6.2 POSITIVE DISPLACEMENT
6.2.1 GROWING DEMAND FROM CONSTRUCTION, AUTOMOTIVE & TRANSPORTATION, PACKAGING, METALS & MINING, AND OTHER END-USER INDUSTRIES LIKELY TO FUEL GROWTH OF MARKET
FIGURE 46 POSITIVE DISPLACEMENT MARKET, BY TYPE, 2020
TABLE 14 POSITIVE DISPLACEMENT MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 15 POSITIVE DISPLACEMENT MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
6.2.1.1 Reciprocating
TABLE 16 RECIPROCATING MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
6.2.1.2 Rotary
6.2.1.2.1 Screw
6.2.1.2.2 Scroll
6.2.1.2.3 Others
TABLE 17 ROTARY MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 18 ROTARY MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
6.3 DYNAMIC DISPLACEMENT
6.3.1 LOWER MAINTENANCE, HIGH FLOW CAPACITIES, AND HIGH ENERGY & COMPRESSION EFFICIENCIES DRIVING GROWTH OF DYNAMIC DISPLACEMENT INDUSTRIAL AIR COMPRESSORS
FIGURE 47 DYNAMIC DISPLACEMENT MARKET, BY TYPE, 2020
TABLE 19 DYNAMIC DISPLACEMENT MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 20 DYNAMIC DISPLACEMENT MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
6.3.1.1 Centrifugal
TABLE 21 CENTRIFUGAL MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
6.3.1.2 Axial
TABLE 22 AXIAL MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
7 INDUSTRIAL AIR COMPRESSOR MARKET, BY DESIGN (Page No. - 118)
7.1 INTRODUCTION
FIGURE 48 INDUSTRIAL AIR COMPRESSOR MARKET, BY DESIGN, 2020
TABLE 23 MARKET SIZE, BY DESIGN, 2019–2026 (USD MILLION)
7.2 STATIONARY
7.2.1 GROWING FOOD & BEVERAGES, CHEMICALS, AND AUTOMOBILE INDUSTRIES LIKELY TO FUEL DEMAND FOR STATIONARY INDUSTRIAL AIR COMPRESSORS
TABLE 24 STATIONARY MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
7.3 PORTABLE
7.3.1 USE OF LOW-EMISSION ENGINE TECHNOLOGY AND ACCESSIBILITY TO REMOTE LOCATIONS DRIVING GROWTH FOR PORTABLE INDUSTRIAL AIR COMPRESSORS
TABLE 25 PORTABLE MARKET, BY REGION, 2019–2026 (USD MILLION)
8 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRESSURE (Page No. - 122)
8.1 INTRODUCTION
FIGURE 49 INDUSTRIAL AIR COMPRESSOR MARKET, BY PRESSURE, 2020
TABLE 26 MARKET SIZE, BY PRESSURE, 2019–2026 (USD MILLION)
8.2 UP TO 20 BAR
8.2.1 GROWING APPLICATIONS OF UP TO 20 BAR COMPRESSORS IN PNEUMATIC TOOLS, CONTROLS, AND OTHER AUTOMATION SYSTEMS IN AUTOMOTIVE, AND FOOD & BEVERAGES LIKELY TO FUEL DEMAND FOR SEGMENT
TABLE 27 UP TO 20 BAR: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
8.3 21–100 BAR
8.3.1 INCREASING DEMAND FROM CHEMICALS, PETROCHEMICALS, FERTILIZERS, AND OTHER PROCESS INDUSTRIES EXPECTED TO DRIVE GROWTH FOR 21–100 BAR INDUSTRIAL AIR COMPRESSORS
TABLE 28 21–100 BAR: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
8.4 ABOVE 100 BAR
8.4.1 INCREASING DEMAND FOR GAS DISTRIBUTION AND SURGING ADOPTION OF ENHANCED OIL RECOVERY TECHNIQUES EXPECTED TO BOOST GROWTH OF MARKET
TABLE 29 ABOVE 100 BAR: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
9 INDUSTRIAL AIR COMPRESSOR MARKET, BY OUTPUT POWER (Page No. - 127)
9.1 INTRODUCTION
FIGURE 50 MARKET, BY OUTPUT POWER, 2020
TABLE 30 MARKET SIZE, BY OUTPUT POWER, 2019–2026 (USD MILLION)
9.2 UP TO 50 KW
9.2.1 GROWING APPLICATIONS IN CONSTRUCTION, AUTOMOTIVE, FOOD & BEVERAGES, HEALTHCARE, AND PHARMACEUTICAL INDUSTRIES LIKELY TO FUEL DEMAND FOR UP TO 50 KW COMPRESSORS
TABLE 31 UP TO 50 KW: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
9.3 51–250 KW
9.3.1 INCREASING DEMAND FOR CHEMICALS AND OTHER PROCESS INDUSTRIES IN EMERGING COUNTRIES EXPECTED TO DRIVE GROWTH FOR 51–250 KW INDUSTRIAL AIR COMPRESSORS
TABLE 32 51–250 KW: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
9.4 251–500 KW
9.4.1 GROWING DEMAND FOR HVAC EXPECTED TO BOOST GROWTH OF MARKET
TABLE 33 251–500 KW: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
9.5 ABOVE 500 KW
9.5.1 INCREASING LNG STORAGE CAPACITY AND GROWING DEMAND FROM PETROCHEMICAL INDUSTRY EXPECTED TO BOOST MARKET GROWTH
TABLE 34 ABOVE 500 KW: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
10 INDUSTRIAL AIR COMPRESSOR MARKET, BY SEAL TYPE (Page No. - 133)
10.1 INTRODUCTION
FIGURE 51 MARKET, BY SEAL TYPE, 2020
TABLE 35 MARKET SIZE, BY SEAL TYPE, 2019–2026 (USD MILLION)
10.2 OIL-FLOODED
10.2.1 LOWER INITIAL AND MAINTENANCE COSTS AND LONGER EQUIPMENT LIFE SPANS OF OIL-FLOODED INDUSTRIAL AIR COMPRESSORS LIKELY TO FUEL GROWTH OF MARKET
TABLE 36 OIL-FLOODED MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
10.3 OIL-FREE
10.3.1 INCREASING USE IN FOOD & BEVERAGES, CHEMICALS, PHARMACEUTICALS, AND HEALTHCARE SECTORS DRIVING GROWTH FOR OIL-FREE INDUSTRIAL AIR COMPRESSORS
TABLE 37 OIL-FREE MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
11 INDUSTRIAL AIR COMPRESSOR MARKET, BY COOLANT TYPE (Page No. - 137)
11.1 INTRODUCTION
FIGURE 52 MARKET, BY COOLANT TYPE, 2020
TABLE 38 MARKET SIZE, BY COOLANT TYPE, 2019–2026 (USD MILLION)
11.2 AIR-COOLED
11.2.1 TECHNOLOGICAL ADVANCEMENTS IN DESIGN OF AIR-COOLED INDUSTRIAL AIR COMPRESSORS LIKELY TO FUEL MARKET GROWTH
TABLE 39 AIR-COOLED MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
11.3 WATER-COOLED
11.3.1 LOWER POWER REQUIREMENTS AND INCREASED EFFICIENCY DRIVING GROWTH FOR WATER-COOLED INDUSTRIAL AIR COMPRESSORS
TABLE 40 WATER-COOLED MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
12 INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY (Page No. - 141)
12.1 INTRODUCTION
FIGURE 53 INDUSTRIAL AIR COMPRESSOR MARKET, BY END-USER INDUSTRY, 2020
TABLE 41 MARKET SIZE, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
12.2 CHEMICALS & PETROCHEMICALS
12.2.1 INCREASING INVESTMENTS IN DOWNSTREAM OIL & GAS AND PETROCHEMICAL INDUSTRIES ALONG WITH MANUFACTURING CAPACITY EXPANSIONS IN CHEMICALS INDUSTRY LIKELY TO FUEL DEMAND FOR UP TO 20 BAR COMPRESSORS
TABLE 42 CHEMICALS & PETROCHEMICALS: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
12.3 FOOD & BEVERAGES
12.3.1 INCREASING DEMAND FOR OIL-FREE COMPRESSED AIR EXPECTED TO DRIVE GROWTH OF INDUSTRIAL AIR COMPRESSORS IN FOOD & BEVERAGES INDUSTRY
TABLE 43 FOOD & BEVERAGES: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
12.4 OIL & GAS
12.4.1 INCREASING ADOPTON OF INDUSTRIAL AIR COMPRESSORS FOR ONSHORE AND OFFSHORE DRILLING, GAS COMPRESSION, AND PIPELINE AND PROCESS SERVICES (PPS) EXPECTED TO BOOST GROWTH OF OIL & GAS SEGMENT
TABLE 44 OIL & GAS: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
12.5 PHARMACEUTICALS
12.5.1 SURGING DEMAND FOR CLASS “0” OIL-FREE AIR TO PREVENT RISK OF CONTAMINATION LIKELY TO FUEL DEMAND FOR PHARMACEUTICALS SEGMENT
TABLE 45 PHARMACEUTICALS: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
12.6 CONSTRUCTION
12.6.1 INCREASING ADOPTION OF HEAVY-DUTY PORTABLE INDUSTRIAL AIR COMPRESSORS LIKELY TO BOOST DEMAND FOR CONSTRUCTION SEGMENT
TABLE 46 CONSTRUCTION: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
12.7 AUTOMOTIVE & TRANSPORTATION
12.7.1 GROWING USE OF AUTOMATION SYSTEMS IN AUTOMOTIVE INDUSTRY LIKELY TO FUEL DEMAND FOR INDUSTRIAL AIR COMPRESSORS
TABLE 47 AUTOMOTIVE & TRANSPORTATION: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
12.8 PACKAGING (INCLUDES PET BLOWING)
12.8.1 GROWING DEMAND FOR OIL-FREE COMPRESSORS LIKELY TO DRIVE GROWTH OF PACKAGING
TABLE 48 PACKAGING (INCLUDES PET BLOWING): MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
12.9 POWER GENERATION
12.9.1 RISING DEMAND FOR POWER AND RETROFIT AND MODERNIZATION PROJECTS IN EUROPE AND NORTH AMERICA EXPECTED TO BOOST GROWTH OF POWER GENERATION SEGMENT
TABLE 49 POWER GENERATION: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
12.10 HEALTHCARE
12.10.1 GROWING DEMAND FOR COMPRESSED AIR APPLICATIONS TO DRIVE SURGICAL TOOLS AND PROVIDE CENTRAL STERILE SUPPLY LIKELY TO FUEL DEMAND FOR UP HEALTHCARE SEGMENT
TABLE 50 HEALTHCARE: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
12.11 METALS & MINING
12.11.1 INCREASING APPLICATIONS OF INDUSTRIAL AIR COMPRESSORS IN TUNNELING, EXPLORATION DRILLING, AND SMELTING EXPECTED TO BOOST DEMAND FOR METALS & MINING SEGMENT
TABLE 51 METALS & MINING: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
12.12 HVAC
12.12.1 RISING DEMAND FOR HVAC SYSTEMS IN ASIA PACIFIC, ESPECIALLY IN CHINA AND INDIA, EXPECTED TO DRIVE DEMAND FOR INDUSTRIAL AIR COMPRESSORS
TABLE 52 HVAC: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
12.13 OTHERS
TABLE 53 OTHERS: MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
13 GEOGRAPHIC ANALYSIS (Page No. - 155)
13.1 INTRODUCTION
FIGURE 54 INDUSTRIAL AIR COMPRESSOR MARKET SHARE, BY REGION, 2020 (%)
FIGURE 55 MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
TABLE 54 MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 55 MARKET VOLUME, BY REGION, 2019–2026 (MILLION UNITS)
13.2 ASIA PACIFIC
FIGURE 56 SNAPSHOT: ASIA PACIFIC MARKET
13.2.1 BY PRODUCT TYPE
TABLE 56 ASIA PACIFIC: MARKET SIZE, BY PRODUCT TYPE, 2019–2026 (USD MILLION)
TABLE 57 ASIA PACIFIC: MARKET VOLUME, BY PRODUCT TYPE, 2019–2026 (MILLION UNITS)
TABLE 58 ASIA PACIFIC: MARKET SIZE FOR POSITIVE DISPLACEMENT, BY PRODUCT TYPE, 2019–2026 (USD MILLION)
TABLE 59 ASIA PACIFIC: MARKET SIZE FOR ROTARY, BY TYPE, 2019–2026 (USD MILLION)
TABLE 60 ASIA PACIFIC: MARKET SIZE FOR DYNAMIC DISPLACEMENT, BY PRODUCT TYPE, 2019–2026 (USD MILLION)
13.2.2 BY DESIGN
TABLE 61 ASIA PACIFIC: MARKET SIZE, BY DESIGN, 2019–2026 (USD MILLION)
13.2.3 BY PRESSURE
TABLE 62 ASIA PACIFIC: MARKET SIZE, BY PRESSURE, 2019–2026 (USD MILLION)
13.2.4 BY OUTPUT POWER
TABLE 63 ASIA PACIFIC: MARKET SIZE, BY OUTPUT POWER, 2019–2026 (USD MILLION)
13.2.5 BY SEAL TYPE
TABLE 64 ASIA PACIFIC: MARKET SIZE, BY SEAL TYPE, 2019–2026 (USD MILLION)
13.2.6 BY COOLANT TYPE
TABLE 65 ASIA PACIFIC: MARKET SIZE, BY COOLANT TYPE, 2019–2026 (USD MILLION)
13.2.7 BY END-USER INDUSTRY
TABLE 66 ASIA PACIFIC: MARKET SIZE, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.2.8 BY COUNTRY
TABLE 67 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
13.2.8.1 China
13.2.8.1.1 LNG capacity addition, new carbon capture, utilization, and storage projects along with growth of EV industry to fuel industrial air compressor market in China
TABLE 68 CHINA: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.2.8.2 Australia
13.2.8.2.1 Industry-friendly government policies for lithium mining and water and wastewater treatment, as well as increasing investments in hydrogen production, to drive growth of market in Australia
TABLE 69 AUSTRALIA: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.2.8.3 India
13.2.8.3.1 Government initiatives to increase investments in manufacturing sector, as well as growth of chemical, healthcare, and pharmaceutical industry, to fuel growth of market in India
TABLE 70 INDIA: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.2.8.4 Japan
13.2.8.4.1 Increasing investments in food & beverages sector, sustained growth of manufacturing industry, and demand for LNG to drive market in Japan
TABLE 71 JAPAN: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.2.8.5 South Korea
13.2.8.5.1 Growth of steel, chemical, and construction industries in South Korea to drive growth of industrial air compressor market
TABLE 72 SOUTH KOREA: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.2.8.6 Taiwan
13.2.8.6.1 Growing need for semiconductor chips and increasing LNG receiving capacity to meet energy demand to propel growth of market in Taiwan
TABLE 73 TAIWAN: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.2.8.7 Rest of Asia Pacific
TABLE 74 REST OF AISA PACIFIC: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.3 NORTH AMERICA
FIGURE 57 SNAPSHOT: NORTH AMERICAN MARKET
13.3.1 BY PRODUCT TYPE
TABLE 75 NORTH AMERICA: MARKET SIZE, BY PRODUCT TYPE, 2019–2026 (USD MILLION)
TABLE 76 NORTH AMERICA: MARKET VOLUME, BY PRODUCT TYPE, 2019–2026 (MILLION UNITS)
TABLE 77 NORTH AMERICA: MARKET SIZE FOR POSITIVE DISPLACEMENT, BY TYPE, 2019–2026 (USD MILLION)
TABLE 78 NORTH AMERICA: MARKET SIZE FOR ROTARY, BY TYPE, 2019–2026 (USD MILLION)
TABLE 79 NORTH AMERICA: MARKET SIZE FOR DYNAMIC DISPLACEMENT, BY TYPE, 2019–2026 (USD MILLION)
13.3.2 BY DESIGN
TABLE 80 NORTH AMERICA: MARKET SIZE, BY DESIGN, 2019–2026 (USD MILLION)
13.3.3 BY PRESSURE
TABLE 81 NORTH AMERICA: MARKET SIZE, BY PRESSURE, 2019–2026 (USD MILLION)
13.3.4 BY OUTPUT POWER
TABLE 82 NORTH AMERICA: MARKET SIZE, BY OUTPUT POWER, 2019–2026 (USD MILLION)
13.3.5 BY SEAL TYPE
TABLE 83 NORTH AMERICA: MARKET SIZE, BY SEAL TYPE, 2019–2026 (USD MILLION)
13.3.6 BY COOLANT TYPE
TABLE 84 NORTH AMERICA: MARKET SIZE, BY COOLANT TYPE, 2019–2026 (USD MILLION)
13.3.7 BY END-USER INDUSTRY
TABLE 85 NORTH AMERICA: MARKET SIZE, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.3.8 BY COUNTRY
TABLE 86 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
13.3.8.1 US
13.3.8.1.1 Increasing investments in automotive sector and surge in demand for food & beverages, petroleum, and chemical products to drive growth of market in US
TABLE 87 US: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.3.8.2 Canada
13.3.8.2.1 Increasing focus on oil & gas and water treatment plants expected to boost demand for industrial air compressors in Canada
TABLE 88 CANADA: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.3.8.3 Mexico
13.3.8.3.1 Increasing investments in oil & gas and automotive industry will drive growth of market in Mexico
TABLE 89 MEXICO: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.4 EUROPE
13.4.1 BY PRODUCT TYPE
TABLE 90 EUROPE: MARKET SIZE, BY PRODUCT TYPE, 2019–2026 (USD MILLION)
TABLE 91 EUROPE: MARKET VOLUME, BY PRODUCT TYPE, 2019–2026 (MILLION UNITS)
TABLE 92 EUROPE: MARKET SIZE FOR POSITIVE DISPLACEMENT, BY TYPE, 2019–2026 (USD MILLION)
TABLE 93 EUROPE: MARKET SIZE FOR ROTARY, BY TYPE, 2019–2026 (USD MILLION)
TABLE 94 EUROPE: MARKET SIZE FOR DYNAMIC DISPLACEMENT, BY TYPE, 2019–2026 (USD MILLION)
13.4.2 BY DESIGN
TABLE 95 EUROPE: MARKET SIZE, BY DESIGN, 2019–2026 (USD MILLION)
13.4.3 BY PRESSURE
TABLE 96 EUROPE: MARKET SIZE, BY PRESSURE, 2019–2026 (USD MILLION)
13.4.4 BY OUTPUT POWER
TABLE 97 EUROPE: MARKET SIZE, BY OUTPUT POWER, 2019–2026 (USD MILLION)
13.4.5 BY SEAL TYPE
TABLE 98 EUROPE: MARKET SIZE, BY SEAL TYPE, 2019–2026 (USD MILLION)
13.4.6 BY COOLANT TYPE
TABLE 99 EUROPE: MARKET SIZE, BY COOLANT TYPE, 2019–2026 (USD MILLION)
13.4.7 BY END-USER INDUSTRY
TABLE 100 EUROPE: MARKET SIZE, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.4.8 BY COUNTRY
TABLE 101 EUROPE: MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
13.4.8.1 Germany
13.4.8.1.1 Growth of water & wastewater treatment and chemical industries are prominent drivers for market in Germany
TABLE 102 GERMANY: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.4.8.2 UK
13.4.8.2.1 Growing demand from LNG market and for EV vehicles to increase deployment of industrial air compressors in UK
TABLE 103 UK: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.4.8.3 Italy
13.4.8.3.1 Rise in demand from crude steel and water treatment plants leading to growth of market in Italy
TABLE 104 ITALY: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.4.8.4 France
13.4.8.4.1 Rising demand for carbon fiber in chemical industry increases deployment of industrial air compressors in France
TABLE 105 FRANCE: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.4.8.5 Spain
13.4.8.5.1 Growing hydrocarbon and chemical sectors will drive growth of industrial air compressors in Spain
TABLE 106 SPAIN: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.4.8.6 Russia
13.4.8.6.1 Increasing production of oil and mining activities will lead to growth of market in Russia
TABLE 107 RUSSIA: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.4.8.7 Rest of Europe
TABLE 108 REST OF EUROPE: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.5 MIDDLE EAST & AFRICA
13.5.1 BY PRODUCT TYPE
TABLE 109 MIDDLE EAST & AFRICA: MARKET SIZE, BY PRODUCT TYPE, 2019–2026 (USD MILLION)
TABLE 110 MIDDLE EAST & AFRICA: MARKET VOLUME, BY PRODUCT TYPE, 2019–2026 (MILLION UNITS)
TABLE 111 MIDDLE EAST & AFRICA: MARKET SIZE FOR POSITIVE DISPLACEMENT, BY PRODUCT TYPE, 2019–2026 (USD MILLION)
TABLE 112 MIDDLE EAST & AFRICA: MARKET SIZE FOR ROTARY, BY TYPE, 2019–2026 (USD MILLION)
TABLE 113 MIDDLE EAST & AFRICA: MARKET SIZE FOR DYNAMIC DISPLACEMENT, BY PRODUCT TYPE, 2019–2026 (USD MILLION)
13.5.2 BY DESIGN
TABLE 114 MIDDLE EAST & AFRICA: MARKET SIZE, BY DESIGN, 2019–2026 (USD MILLION)
13.5.3 BY PRESSURE
TABLE 115 MIDDLE EAST & AFRICA: MARKET SIZE, BY PRESSURE, 2019–2026 (USD MILLION)
13.5.4 BY OUTPUT POWER
TABLE 116 MIDDLE EAST & AFRICA: MARKET SIZE, BY OUTPUT POWER, 2019–2026 (USD MILLION)
13.5.5 BY SEAL TYPE
TABLE 117 MIDDLE EAST & AFRICA: MARKET SIZE, BY SEAL TYPE, 2019–2026 (USD MILLION)
13.5.6 BY COOLANT TYPE
TABLE 118 MIDDLE EAST & AFRICA: MARKET SIZE, BY COOLANT TYPE, 2019–2026 (USD MILLION)
13.5.7 BY END-USER INDUSTRY
TABLE 119 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.5.8 BY COUNTRY
TABLE 120 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
13.5.8.1 Saudi Arabia
13.5.8.1.1 Growing crude oil production is a prominent driver for market in Saudi Arabia
TABLE 121 SAUDI ARABIA: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.5.8.2 UAE
13.5.8.2.1 Growing application in mature oil & gas fields and water treatment plants leading to growth of market in UAE
TABLE 122 UAE: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.5.8.3 South Africa
13.5.8.3.1 Developing automotive industry and mining activities will lead to growth of market in South Africa
TABLE 123 SOUTH AFRICA: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.5.8.4 Rest of Middle East & Africa
TABLE 124 REST OF MIDDLE EAST & AFRICA: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.6 SOUTH AMERICA
13.6.1 BY PRODUCT TYPE
TABLE 125 SOUTH AMERICA: MARKET SIZE, BY PRODUCT TYPE, 2019–2026 (USD MILLION)
TABLE 126 SOUTH AMERICA: MARKET VOLUME, BY PRODUCT TYPE, 2019–2026 (MILLION UNITS)
TABLE 127 SOUTH AMERICA: MARKET SIZE FOR POSITIVE DISPLACEMENT, BY PRODUCT TYPE, 2019–2026 (USD MILLION)
TABLE 128 SOUTH AMERICA: MARKET SIZE FOR ROTARY, BY TYPE, 2019–2026 (USD MILLION)
TABLE 129 SOUTH AMERICA: MARKET SIZE FOR DYNAMIC DISPLACEMENT, BY PRODUCT TYPE, 2019–2026 (USD MILLION)
13.6.2 BY DESIGN
TABLE 130 SOUTH AMERICA: MARKET SIZE, BY DESIGN, 2019–2026 (USD MILLION)
13.6.3 BY PRESSURE
TABLE 131 SOUTH AMERICA: MARKET SIZE, BY PRESSURE, 2019–2026 (USD MILLION)
13.6.4 BY OUTPUT POWER
TABLE 132 SOUTH AMERICA: MARKET SIZE, BY OUTPUT POWER, 2019–2026 (USD MILLION)
13.6.5 BY SEAL TYPE
TABLE 133 SOUTH AMERICA: MARKET SIZE, BY SEAL TYPE, 2019–2026 (USD MILLION)
13.6.6 BY COOLANT TYPE
TABLE 134 SOUTH AMERICA: MARKET SIZE, BY COOLANT TYPE, 2019–2026 (USD MILLION)
13.6.7 BY END-USER INDUSTRY
TABLE 135 SOUTH AMERICA: MARKET SIZE, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.6.8 BY COUNTRY
TABLE 136 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
13.6.8.1 Brazil
13.6.8.1.1 Increasing investments due to privatization in oil & gas and power generation industries to propel demand for industrial air compressors in Brazil
TABLE 137 BRAZIL: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.6.8.2 Argentina
13.6.8.2.1 Favorable government policies along with investments in food & beverages, oil & gas, mining, and wind power industries to fuel demand for industrial air compressors in Argentina
TABLE 138 ARGENTINA: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
13.6.8.3 Rest of South America
TABLE 139 REST OF SOUTH AMERICA: MARKET, BY END-USER INDUSTRY, 2019–2026 (USD MILLION)
14 COMPETITIVE LANDSCAPE (Page No. - 223)
14.1 KEY PLAYERS STRATEGIES
TABLE 140 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, JANUARY 2017– DECEMBER 2021
14.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
TABLE 141 INDUSTRIAL AIR COMPRESSOR MARKET: DEGREE OF COMPETITION
FIGURE 58 MARKET SHARE ANALYSIS, 2020
14.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
FIGURE 59 TOP PLAYERS IN MARKET FROM 2016 TO 2020
14.4 COMPANY EVALUATION QUADRANT
14.4.1 STAR
14.4.2 PERVASIVE
14.4.3 EMERGING LEADER
14.4.4 PARTICIPANT
FIGURE 60 COMPETITIVE LEADERSHIP MAPPING: MARKET, 2020
14.5 START-UP/SME EVALUATION QUADRANT, 2020
14.5.1 PROGRESSIVE COMPANY
14.5.2 RESPONSIVE COMPANY
14.5.3 DYNAMIC COMPANY
14.5.4 STARTING BLOCK
FIGURE 61 INDUSTRIAL AIR COMPRESSOR MARKET: START-UP/SME EVALUATION QUADRANT, 2020
14.6 INDUSTRIAL AIR COMPRESSOR: COMPANY FOOTPRINT
TABLE 142 BY PRODUCT TYPE: COMPANY FOOTPRINT
TABLE 143 BY REGION: COMPANY FOOTPRINT
TABLE 144 BY END-USER INDUSTRY: COMPANY FOOTPRINT
TABLE 145 COMPANY FOOTPRINT
14.7 COMPETITIVE SCENARIO
TABLE 146 MARKET: PRODUCT LAUNCHES, JUNE 2020– OCTOBER 2021
TABLE 147 INDUSTRIAL AIR COMPRESSOR: DEALS, OCTOBER 2020– SEPTEMBER 2021
TABLE 148 MARKET: OTHERS, MAY 2017 – NOVEMBER 2021
15 COMPANY PROFILES (Page No. - 243)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
15.1 KEY PLAYERS
15.1.1 ATLAS COPCO
TABLE 149 ATLAS COPCO: BUSINESS OVERVIEW
FIGURE 62 ATLAS COPCO: COMPANY SNAPSHOT, 2020
TABLE 150 ATLAS COPCO: PRODUCTS OFFERED
TABLE 151 ATLAS COPCO: PRODUCT LAUNCHES
TABLE 152 ATLAS COPCO: DEALS
TABLE 153 ATLAS COPCO: OTHERS
15.1.2 INGERSOLL RAND
TABLE 154 INGERSOLL RAND: BUSINESS OVERVIEW
FIGURE 63 INGERSOLL RAND: COMPANY SNAPSHOT, 2020
TABLE 155 INGERSOLL RAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 156 INGERSOLL RAND: PRODUCT LAUNCHES
TABLE 157 INGERSOLL RAND: DEALS
15.1.3 DOOSAN INFRACORE
TABLE 158 DOOSAN IFNRACORE: BUSINESS OVERVIEW
FIGURE 64 DOOSAN INFRACORE: COMPANY SNAPSHOT, 2020
TABLE 159 DOOSAN INFRACORE: PRODUCTS OFFERED
TABLE 160 DOOSAN INFRACORE: PRODUCT LAUNCHES
TABLE 161 DOOSAN INFRACORE: DEALS
TABLE 162 DOOSAN INFRACORE: OTHERS
15.1.4 HITACHI
TABLE 163 HITACHI: BUSINESS OVERVIEW
FIGURE 65 HITACHI: COMPANY SNAPSHOT, 2020
TABLE 164 HITACHI: PRODUCTS OFFERED
TABLE 165 HITACHI: PRODUCT LAUNCHES
TABLE 166 HITACHI: DEALS
15.1.5 KOBE STEEL
TABLE 167 KOBE STEEL: BUSINESS OVERVIEW
FIGURE 66 KOBE STEEL: COMPANY SNAPSHOT, 2020
TABLE 168 KOBE STEEL: PRODUCTS OFFERED
TABLE 169 KOBE STEEL: PRODUCT LAUNCHES
TABLE 170 KOBE STEEL: DEALS
TABLE 171 KOBE STEEL: OTHERS
15.1.6 MITSUBISHI HEAVY INDUSTRIES
TABLE 172 MITSUBISHI HEAVY INDUSTRIES: BUSINESS OVERVIEW
FIGURE 67 MITSUBISHI HEAVY INDUSTRIES: COMPANY SNAPSHOT, 2020
TABLE 173 MITSUBISHI HEAVY INDUSTRIES: PRODUCTS OFFERED
TABLE 174 MITSUBISHI HEAVY INDUSTRIES: DEALS
15.1.7 EBARA CORPORATION (ELLIOTT GROUP)
TABLE 175 EBARA CORPORATION (ELLIOTT GROUP): BUSINESS OVERVIEW
FIGURE 68 EBARA CORPORATION (ELLIOTT GROUP): COMPANY SNAPSHOT, 2020
TABLE 176 EBARA CORPORATION (ELLIOTT GROUP): PRODUCTS OFFERED
TABLE 177 EBARA CORPORATION (ELLIOTT GROUP): DEALS
TABLE 178 EBARA CORPORATION (ELLIOTT GROUP): PRODUCT LAUNCHES
15.1.8 KIRLOSKAR PNEUMATIC
TABLE 179 KIRLOSKAR PNEUMATIC: BUSINESS OVERVIEW
FIGURE 69 KIRLOSKAR PNEUMATIC: COMPANY SNAPSHOT, 2020
TABLE 180 KIRLOSKAR PNEUMATIC: PRODUCTS OFFERED
TABLE 181 KIRLOSKAR PNEUMATIC: PRODUCT LAUNCHES
TABLE 182 KIRLOSKAR PNEUMATIC: DEALS
15.1.9 VOLKSWAGEN (MAN ENERGY SOLUTIONS)
TABLE 183 VOLKSWAGEN (MAN ENERGY SOLUTIONS): BUSINESS OVERVIEW
FIGURE 70 VOLKSWAGEN (MAN ENERGY SOLUTIONS): COMPANY SNAPSHOT, 2020
TABLE 184 VOLKSWAGEN (MAN ENERGY SOLUTIONS): PRODUCTS OFFERED
TABLE 185 VOLKSWAGEN (MAN ENERGY SOLUTIONS): DEALS
TABLE 186 VOLKSWAGEN (MAN ENERGY SOLUTIONS): OTHERS
15.1.10 ELGI EQUIPMENTS
TABLE 187 ELGI EQUIPMENTS: BUSINESS OVERVIEW
FIGURE 71 ELGI EQUIPMENTS: COMPANY SNAPSHOT, 2020
TABLE 188 ELGI EQUIPMENTS: PRODUCTS OFFERED
TABLE 189 ELGI EQUIPMENTS: OTHERS
TABLE 190 ELGI EQUIPMENTS: PRODUCT LAUNCHES
15.1.11 NIDEC
TABLE 191 NIDEC: BUSINESS OVERVIEW
FIGURE 72 NIDEC: COMPANY SNAPSHOT, 2020
TABLE 192 NIDEC: PRODUCTS OFFERED
TABLE 193 NIDEC: DEALS
TABLE 194 NIDEC.: OTHERS
TABLE 195 NIDEC: PRODUCT LAUNCHES
15.1.12 SIEMENS ENERGY
TABLE 196 SIEMENS ENERGY: BUSINESS OVERVIEW
FIGURE 73 SIEMENS ENERGY: COMPANY SNAPSHOT, 2021
TABLE 197 SIEMENS ENERGY: PRODUCTS OFFERED
TABLE 198 SIEMENS ENERGY: DEALS
TABLE 199 SIEMENS ENERGY: PRODUCT LAUNCHES
TABLE 200 SIEMENS ENERGY: OTHERS
15.1.13 SULZER
TABLE 201 SULZER: BUSINESS OVERVIEW
FIGURE 74 SULZER: COMPANY SNAPSHOT, 2020
TABLE 202 SULZER: PRODUCTS OFFERED
TABLE 203 SULZER: PRODUCT LAUNCHES
TABLE 204 SULZER: DEALS
15.1.14 BAKER HUGHES
TABLE 205 BAKER HUGHES: BUSINESS OVERVIEW
FIGURE 75 BAKER HUGHES: COMPANY SNAPSHOT, 2020
TABLE 206 BAKER HUGHES: PRODUCTS OFFERED
TABLE 207 BAKER HUGHES: DEALS
TABLE 208 BAKER HUGHES: OTHERS
15.1.15 DANFOSS
TABLE 209 DANFOSS: BUSINESS OVERVIEW
FIGURE 76 DANFOSS: COMPANY SNAPSHOT, 2020
TABLE 210 DANFOSS: PRODUCTS OFFERED
TABLE 211 DANFOSS: PRODUCT LAUNCHES
15.1.16 BOGE KOMPRESSOREN
TABLE 212 BOGE KOMPRESSOREN: BUSINESS OVERVIEW
TABLE 213 BOGE KOMPRESSOREN: PRODUCTS OFFERED
TABLE 214 BOGE KOMPRESSOREN: PRODUCT LAUNCHES
TABLE 215 BOGE KOMPRESSOREN: DEALS
15.2 OTHER PLAYERS
15.2.1 SAIMONA COMPRESSOR
15.2.2 COAIRE
15.2.3 SUNGSHIN COMPRESSOR
15.2.4 KAESER KOMPRESSOREN
15.2.5 FUSHENG GROUP
15.2.6 HUBEI TEWEITE POWER TECHNOLOGY
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
16 APPENDIX (Page No. - 364)
16.1 INSIGHTS OF INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 AVAILABLE CUSTOMIZATIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
This study involved four major activities in estimating the current size of the industrial air compressor market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.
Secondary Research
The research study on the industrial air compressor market involved the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect information useful for this technical, market-oriented, and commercial study. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
Primary sources included several industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, standard and certification agencies of companies, and organizations related to all the segments of this industry’s value chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global industrial air compressor market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
- The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Industrial Air Compressor Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained below, the total market has been split into several segments and subsegments. The data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.
Report Objectives
- To define, describe, segment, and forecast the industrial air compressor market by product type, design, pressure, output power, seal type, coolant type, end-user industry, and region based on market size and volume
- To forecast the market size for five key regions: North America, South America, Europe, Asia Pacific, and the Middle East & Africa, along with their key countries
- To provide detailed information about the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
- To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
- To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To analyze competitive developments, such as sales contracts, agreements, investments, expansions, new product launches, alliances, mergers, partnerships, joint ventures, collaborations, and acquisitions, in the industrial air compressor market
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:
Geographic Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Industrial Air Compressor Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Industrial Air Compressor Market