Industrial Air Compressor Market Trends

Growth Drivers

Rising Automation Across the Industries–Automation is occurring all across the world in all industries. Currently, automation is being used in some capacity by 66% of organizations in the world. Air compressors supply the required air pressure for control systems in automated machinery and processes. These mechanisms aid in the regulation of equipment functions and maintain the smooth operation of the machine.
Rapidly Growing Manufacturing– In 2021, global industrial output increased by 7.2%, approaching pre-pandemic levels. Air compressors are used in manufacturing to clean and remove trash, dust, and particles from panels or components before they undergo assembly or packing.
Growing Constructional Activities–With the high infrastructural development, the need for concrete and cement increases. Therefore, compressed air becomes necessary, since it uses to transfer the concrete powder through pipelines from storage silos to the processing units. The global demand for concrete may rise from 14.0 billion m3 today to nearly 20 billion m3 in 2050.

Challenges

High Saturation in the Market- The market for industrial air compressors may become saturated in some places, resulting in increased competition among manufacturers. This saturation has the potential to impede price growth and have an impact on profit margins.
Low Presence of Alternative Technologies
Strict Ecological and Emission Standards

Industrial Air Compressor Market: Key Insights

Base Year	2022
Forecast Year	2023-2035
CAGR	~8%
Base Year Market Size (2022)	~ USD 3 Billion
Forecast Year Market Size (2035)	~ USD 7 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

Increasing demand for automation in the industry, growing industrialization, and the need for HVAC systems are the major factors driving the market growth.

The market size of industrial air compressors is anticipated to attain a CAGR of around 8% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are AireTex Compressor, Atlas Copco, Bauer Comp Holding GmbH, BelAire Compressors, Cook Compression, Frank Compressors, Galaxy Auto Service Equipment Co. Ltd., GENERAL ELECTRIC, Ingersoll Rand Inc., and MAT Holdings Inc.

The positive displacement segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Industrial Air Compressor Market Trends