Industrial Air Compressor Market Growing Trends and Demands Analysis forecast 2022 to 2030

WHO Scrutinizes Compressed Air as Potential Source of Coronavirus

Amidst the coronavirus (COVID-19) era, air compression in various industries has been deemed as an essential business by the CDC (Centers for Disease Control and Prevention), federal, state, and local governments in the U.S. Hence, companies in the industrial air compressor market are focusing on fulfilling their business continuity plans by providing outstanding products and services to customers. They are constantly monitoring the situation amidst the COVID-19 pandemic to utilize the best advices given by local governments about hygiene and safety practices at plants.

It has been found that compressed air is a potential source of coronavirus, which requires companies to install sterile air filters in equipment to prevent the contamination of food and pharmaceutical products. Frequent filter sterilizations are vital to prevent product contamination since the WHO (World Health Organization) is under scrutiny for investigating the rare possibility of an aerosol-generating procedure that could be caused by air compressors.

These factors are expected to drive the industrial air compressor market during the forecast period.

industrial air compressor market infographic

Request a sample to get extensive insights into the Industrial Air Compressor Market

Centrifugal Compressor Technology Replaces Outdated and Costly Compress Designs

Distinct advantages of centrifugal air compressors are translating into revenue opportunities for manufacturers. For instance, Ingersoll Rand – a supplier of complete air compression systems is promoting its MSG® (multi-stage geared) and TURBO-AIR® integrally geared centrifugal compressors that offer outstanding design flexibility. As such, companies in the industrial air compressor market are strengthening their supply chains with aftermarkets to broaden their revenue streams. They are increasing their R&D muscle to improve the flow, input capacity and discharge pressures of industrial air compressors.

To understand how our report can bring a difference to your business strategy, Ask for a brochure

The centrifugal compressor technology is increasingly replacing outdated and costly compressor designs in the market. Such attributes of centrifugal compressors bode well for growth of the industrial air compressor market, which is predicted to reach a value worth of US$ 26.6 Bn by 2030. Leading market players with decades of centrifugal expertise are at an advantage as compared to emerging players.

Electric-powered Portable Compressors Help Reduce CO2 Emissions and Fossil Fuel Usage

Variable-speed drives, IoT (Internet of Things) capabilities, and oil-free operations of the next-gen industrial air compressors are delivering high energy efficiency. Companies in the industrial air compressor market are participating in trade shows to gain larger visibility for their new and upgraded products. However, companies need to focus on solutions that cut back on carbon dioxide (CO2) emissions during operations. For this, companies are providing alternatives to fossil fuels that act as efficient energy sources.

Swedish multinational industrial company Atlas Copco has unveiled its latest generation of clean compressors that function on sustainable mobile air technology. Manufacturers in the industrial air compressor market are powering their equipment with lithium-ion batteries and energy-efficient electric motors. Electric-powered portable compressors are emerging as a fitting replacement to diesel-driven units at urban construction sites. The ever-increasing nature of the construction industry is creating a positive impression on compressor manufacturers to boost their production.

Collaborative Efforts of Manufacturers Spark Innovations in Reciprocating Compressors

Manufacturers in the industrial air compressor market are setting their collaboration wheels in motion to innovate in reciprocating compressors. Compressed air & gas system specialist The Titus Company is partnering with multiple equipment manufacturers such as Sauer Compressors to increase their portfolio in reciprocating high-pressure air compressors. Manufacturers are vying opportunities to work with equipment manufacturers that have an extensive experience in oil & gas, military and shipping industries. As such, there is a high demand for affordable industrial air compressors that are delivered on time.

High-performance attributes of air compressors are highly preferred by end users in order to withstand tough work environments. In order to meet the convenience of end users, manufacturers in the industrial air compressor market are increasing their production capabilities to introduce oil-free compressors.

Leading Market Players Leverage Incremental Opportunities in India’s SME Sector

The exponential growth of Asia Pacific countries such as India and China are attracting investor sentiment. Companies in the industrial air compressor market are increasing efforts to broaden their portfolio in specially designed products. Leading market players are providing a range of industrial air compressors to small and medium enterprises (SMEs) in India to meet changing demands of end users. These market players are increasing their production capacities for piston air compressors and screw air compressors to meet various end-use cases. Energy savings and enhanced productivity levels for customers are the key focus points for compressor manufacturers.

Variable speed drive oil-injected screw air compressors are becoming pervasively mainstream in energy savings application, resulting in reduced costs for customers. Companies in the industrial air compressor market are increasing their research capabilities in fixed speed oil-injected screw air compressors to introduce revolutionary screw elements.

Oil-free Industrial Air Compressors Eliminate Risk of Contamination and Ensure Air Purity

Low cost of ownership and environment-friendly attributes of oil-free industrial air compressors bode well for end-use customers. Hence, CompAir— a provider of innovative compressed air solutions is increasing its marketing capabilities for its complete range of oil-free compressors that are designed for applications that require clean air. Manufacturers in the industrial air compressor market are boosting their credibility credentials by increasing the availability of ISO (International Organization for Standardization)-certified oil-free screw compressors. Low pressure and high pressure dry screw airends in compressors offer high-energy efficiency levels.

Since air purity is critical in several industries, customers are demanding oil-free compressors that eliminate the issues of oil spoilage or damage to the production equipment. Manufacturers in the industrial air compressor market are focusing on cost savings associated with oil-free compressors by eliminating the need for costly oil replacements.

Stuck in a neck-to-neck competition with other brands? Request a custom report on Industrial Air Compressor Market

Industrial Air Compressor Market: Overview

  • The global industrial air compressor market is expected to reach US$ 26.6 Bn by 2030 from US$ 18.1 Bn in 2020, expanding at a CAGR of ~4% from 2020 to 2030
  • The global industrial air compressor market is currently driven by the growing demand for portable air compressors among industries. The industrial air compressor market in Asia Pacific is projected to expand at a high CAGR during the forecast period. The market in Asia Pacific is expected to expand at a rapid rate, owing to the rising demand for petrochemical products such as ethylene derivatives, propylene derivatives, and aromatic products in the region.
  • China is the most attractive industrial air compressor market in Asia Pacific. The incremental opportunity is significantly higher for China, as it accounts for a dominant share in the industrial air compressor market in the region.
  • The industrial air compressor market report provides analysis of the global industrial air compressor market for the period 2018 – 2030, wherein 2019 is the base year, 2020 is the estimated year, and 2021 to 2030 is the forecast period. Data for 2018 has been included as historical information.
  • An industrial air compressor is a positive-displacement compressor, which works on air principle. An air compressor converts electrical energy into powerful kinetic energy, using an electric motor, diesel or gasoline engine, etc.
  • In this report, we analyze the challenges industries and manufactures face in acquiring the right industrial air compressor that can cope with the rapidly changing world. The report also highlights the total volume and revenue generated through the sale of industrial air compressors across various key regions worldwide.

Asia Pacific Industrial Air Compressor Market Snapshot

  • The industrial air compressor market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, followed by Europe. Asia Pacific remains the leading market for industrial air compressors, with revenues in 2020 estimated at US$ 5,731.6 Mn.
  • India and China are adopting industrial air compressors in petrochemical and oil & gas plants due to the increasing demand for petrochemical/chemical products in these countries. Infrastructure projects and rapid urbanization planning are gaining pace in APAC, which is likely to continue over the forecast period. Such activities are projected to fuel the demand for industrial air compressors.

Key Growth Drivers of Industrial Air Compressor Market

  • Increase in Demand for Energy-efficient Air Compressors: Energy efficiency is the major concern associated with the use of air compressors. Growing consumer awareness about energy-efficient models primarily fuels the growth of the industrial air compressor market. Commercial, residential, and industrial sectors utilize about one trillion kilowatt-hours of electricity annually.
  • Technological Advancements in Air Compressors: Adoption of advanced technologies by global players in the air compressor market is fueling the demand for air compressors in different industries. Technological innovation is a prominent factor in the air compressor market, which results in significant replacement demand for traditional air compressors.

Key Challenges Faced by Industrial Air Compressor Market Players

  • Cost of installation and maintenance of air compressors is significantly high. The cost continues to rise, owing to the maintenance of complicated monitoring and control systems of different types of air compressors. This is expected to hinder the market growth in the near future.

Industrial Air Compressor Market: Competition Landscape

  • In December 2019, Elgi Equipments, an air-compressor manufacturer launched an energy-efficient range of electric and diesel portable air compressors
  • In July 2019, Atlas Copco introduced five new models of air compressors for the market in India. The primarily objective of the launch of these products is to cater to the changing demand of customers and enhance productivity of various sectors such as cement, textile, and food & beverages.

Industrial Air Compressor Market: Company Profile Snapshot

  • Baker Hughes: Incorporated in 1907, Baker Hughes is a U.S.-based provider of integrated oilfield products and services in 120 countries with approximately 68,000 employees. The company operates through four business segments that includes Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS).
  • Burckhardt Compression AG: Burckhardt Compression AG is an industrial company and provider of various types of reciprocating compressors across the globe. The company operates under two business divisions: System and Services.
  • Other major players operating in the global industrial air compressor market and profiled in the report include
    • Ariel Corporation
    • Howden Group Ltd.
    • IHI Corporation, Ltd
    • Kaeser Kompressoren Co., Ltd.
    • Kobe Steel, Ltd
    • Mayekawa Mfg. Co., LTD
    • Mikuni Kikai Kogyo Co., LTD.
    • Mitsui E&S Holdings Co., Ltd
    • Siemens AG
    • The Japan Steel Works, LTD.
    • Hitachi Ltd
    • Ingersoll Rand Inc.
    • Parker Hannifin Corporation
    • Elgi Equipments
    • Mitsubishi Heavy Industries Ltd.
    • Sulzer Ltd.
    • Danfoss A/S

Read Our Latest Press Release:

https://www.biospace.com/article/demand-for-workplace-and-employee-balance-is-helping-to-drive-environmental-health-and-safety-system-market/

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

Contact

Transparency Market Research State Tower,

90 State Street,

Suite 700,

Albany NY – 12207

United States

USA – Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com