Top Trending Industrial Air Compressor Market 2022 Report Based on Industry Size, Share, Revenue, Incredible Growth, and Business Opportunities Until 2030
No. of Pages- 110+
List of tables- 20+
List of Figures- 20+
“According to the research report, the global industrial air compressor market was valued at USD 32.69 billion in 2021 and is expected to reach USD 52.71 billion by 2030, to grow at a CAGR of 5.7% during the forecast period.”
The industrial air compressor is a mechanical device that converts power into potential energy in the form of compressed air. It is used in various applications by utilizing the kinetic energy of air to provide compressed air to various equipment, tools, and machineries across different industry verticals. Heavy-duty industrial air compressors are designed for spraying crops and ventilating silos in agricultural facilities. It finds its applications in different end-users, such as for dehydration, vacuum packaging, air blowing, spray painting, tool powering, cleaning, and medical equipment.
The air compressors offer advantages such as flexibility, safety, and low-maintenance cost. The industrial air compressor market is primarily driven by increasing GDP, enhanced population living standards, growing number of people living in middle and high-income groups worldwide. The industrial air compressor is used in food and beverage production, aerospace, metal fabrication, mining, furniture construction, glass, stone, and clay handling operations, as well as plastics, silicone, and rubber manufacturing.
Request Sample Copy of Research Report @ https://www.polarismarketresearch.com/industry-analysis/industrial-air-compressor-market/request-for-sample
Top Global Market Players:
- Aerzener Maschinenfabrik
- Atlas Copco AB
- Baker Hughes
- Bauer Kompressoren GmbH
- EBARA Corporation
- FS-Curtis (Curtis-Toledo Inc.)
- Fusheng Group
- Hanwha Power Systems
- Howden Group
- Hubei Teweite Power Technology
- Kaeser Kompressoren
- Mitsubishi Heavy Industries
- Siemens Energy
- SungShin Compressor
- Zhejiang Kaishan Compressor Co. Ltd (Kaishan Group)
Industrial Air Compressor Market: Growth Drivers
The rising demand for industrial air compressors from the oil & gas industry is expected to drive the growth of the industrial air compressor market during the forecast period. The increasing demand for energy-efficient industrial air compressors by manufacturers will accelerate market growth. Rapid industrialization in developing economies is positively influencing market growth. Also, strict government guidelines for the adoption of air compressors in food & beverage industries by taking into account the safety of foods are further anticipated to boost the market growth. Moreover, increasing urbanization and growing automation in emerging economies are projected to fuel the market demand for industrial air compressors during the forecast period. In addition, a surge in the use of compressed air in material handling, machine tools, separation equipment, and spray painting will further propel the demand for the market.
Speak To Our Analyst @ https://www.polarismarketresearch.com/industry-analysis/industrial-air-compressor-market/speak-to-analyst
Industrial Air Compressor Market: Report Segmentation
Insight by Product Type
On the basis of product type, the positive displacement segment is anticipated to record the most significant revenue share over the forecast period. The positive displacement compressor is utilized in construction, automotive and transportation, packaging, food & beverage, metals and mining, and other end-user industries. The rising investment in the industries is expected to boost the demand for positive displacement in the industry.
Geographic Overview: Industrial Air Compressor Market
Based on geography, Asia Pacific held the largest revenue share owing to the growing investments in LNG and mining. The increasing domestic industrial sector, especially automotive and food & beverage, is boosting the growth of the industrial air compressor market in the region. Also, the rising spending in the hydrogen and green energy sectors is expected to drive the regional market demand. In addition, the surge in the applications of air compressors in various industries such as food & beverage, manufacturing, home appliances, and the oil & gas industries are accelerating the market expansion.
Moreover, North America is anticipated to record a high CAGR in the global industrial air compressor market owing to the rising number vof industrial infrastructure projects coupled with increasing investment across all process sectors. Additionally, IoT penetration, efforts such as Industry 4.0, and technological breakthroughs associated with novel product advancements are other factors expected to positively influence the market demand in the region.
Ask for Customization of this Report @ https://www.polarismarketresearch.com/industry-analysis/industrial-air-compressor-market/request-for-customization
- In March 2020, Gardner Denver completed the merger with Ingersoll Rand Industrial segment to provide a more robust, broader portfolio of mission-critical industrial, energy, medical, and specialty vehicle products and services.
- In May 2021, Atlas Copco acquired the operating assets of MidState Air Compressor. The company is a distributor of compressors and provider of services that covers Connecticut, Rhode Island, and Massachusetts in the United States.
Industrial Air Compressor Market: By Product Type Outlook
- Positive Displacement
- Dynamic Displacement
Industrial Air Compressor Market: By End-Use Industry Outlook
- Chemicals & Petrochemicals
- Food & Beverages
- Oil & Gas
- Automotive & Transportation
- Power Generation
- Metals & Mining
Industrial Air Compressor Market: By Output Power Outlook
- Up to 50 kW
- 51–250 kW
- 251–500 kW
- Above 500 kW
Industrial Air Compressor Market: By Coolant Type Outlook
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
Polaris Market Research