Industrial Air Compressor Market

Atlas Copco (Sweden) and Ingersoll Rand (US) are the Major players in the Industrial Air Compressor Market

The industrial air compressor market is expected to grow from an estimated USD 32.7 billion in 2021 to USD 42.9 billion by 2026, at a CAGR of 5.6% during the forecast period. The rapid industrialization and increasing automation in emerging economies and inflow of investments and rising demand for oil-free compressors in food & beverages industry are the main driver for the industrial air compressor market. The increasing demand for energy-efficient air compressors and rapid transformation of IoT in the compressed air industry provide lucrative opportunities for the industrial air compressor market during the forecast period

A few major players that have a wide regional presence dominate the industrial air compressor market. The leading players in the industrial air compressor market include Atlas Copco (Sweden), Ingersoll Rand (US), Doosan Infracore (South Korea), Hitachi (Japan), and Kobe Steel (Japan) major strategies adopted by these players include product launches, acquisitions, collaborations, partnerships, sales contracts, mergers, agreements, joint ventures, expansions, and investments. Acquisitions was the most commonly adopted strategy from January 2017 to November 2021.

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

Atlas Copco is a leading multinational industrial company offering market-leading compressors, vacuum solutions, generators, pumps, power tools, and assembly systems. The products, systems, solutions, and services of the company cater to a broad range of industries, such as chemicals and petrochemicals, automotive, cement, fertilizer, EV battery production, food & beverages, brewery, healthcare, pharmaceuticals, marine, aquaculture, metals, mining, oil & gas, LNG, power generation, pulp and paper, PET bottle, glass industry, carbon capture and storage, railway, power generation, renewables and energy recovery, water treatment, semiconductor and electronics, and textiles. Atlas Copco develops products and services focused on productivity, energy efficiency, safety, and ergonomics, supported by insights from connected products. Atlas Copco’s business is segmented into four business areas, namely, Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique. The Compressor Technique business area provides compressed air solutions; industrial compressor; gas and process compressors and expanders; air and gas treatment equipment; air management systems; and service. The business area has a global service network and innovates for sustainable productivity, mainly for the manufacturing and process industries. The aforementioned business area offers both oil-injected and oil-free industrial air compressors suited for any application. The standard industrial air compressor packages offered by the company are available for customization to suit the pressure and capacity needs of the client. The industrial air compressors manufactured by Atlas Copco are OHSAS 18001, ISO 9001, and ISO 14001 certified. Atlas Copco has a global reach spanning more than 180 countries in Asia Pacific, Europe, North America, Europe, Africa/the Middle East, and South America. It has approximately 310 consolidated operating and holding subsidiaries. Furthermore, it has its own customer centers in 71 countries and production facilities in 21 countries. Principal product development and manufacturing units are located in Belgium, the US, China, India, Germany, and Italy. For instance, in August 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.

Ingersoll Rand is one of the leading engineering companies providing air, fluid, energy, specialty vehicles, medical technologies, and industrial solutions. The company operates its business through four segments, namely, Industrial Technologies & Services, Precision & Science Technologies, Speciality Vehicle Technologies, and High Pressure Solutions. It offers industrial air compressors under its Industrial Technologies & Services segment, which is the company’s largest segment and accounted for 66% share of the company’s total revenue in 2020. The company merged with Gardner Denver in early 2020, thus combining the experience and innovative expertise of the two companies. The Industrial Technologies & Services segment designs, manufactures, markets, and services a range of air and gas compression, vacuum and blower products, fluid transfer equipment, loading systems, as well as power tools and lifting equipment, including associated aftermarket parts, consumables, and services. The company sells these products under the Ingersoll Rand, Gardner Denver, CompAir, Elmo Rietschle, Robuschi, Nash, and Emco Wheaton brands. These products find a wide spectrum of applications in manufacturing and industrial facilities and many service and process industries in a variety of end markets, including infrastructure, construction, transportation, food & beverages, packaging, and chemical processing. The compression products cover the major technologies such as rotary screws, reciprocating pistons, scrolls, rotary vanes, and centrifugal compressors. Ingersoll Rand has a sales presence in more than 175 countries of North America, Latin America, Europe, Asia, the Middle East & Africa, and Australia. Apart from the US, Ingersoll Rand has manufacturing facilities in Germany, the UK, China, Finland, Italy, India, and other countries. For instance, 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. Air Dimensions joined Ingersoll Rand’s Precision and Science Technologies segment. Air Dimensions has an estimated USD 11 million in 2021 annual revenues.

Related Reports:

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Industrial Air Compressor Market Size,  Share & Growth Report
Report Code
EP 4625
RI Published ON
2/7/2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status