The global industrial air compressor market size is expected to reach USD 52.71 billion by 2030, according to a new study by Polaris Market Research. The report “Industrial Air Compressor Market Share, Size, Trends, Industry Analysis Report, By Product Type (Positive Displacement, Dynamic Displacement); By End-Use; By Output Power; By Coolant Type (Air-Cooled, Water-Cooled); By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Product demand is high due rise in the adoption of variable-speed systems, low maintenance charges, efficient and streamlined operation, and retrofitting of the existing systems. Due to their cost-effectiveness, such energy-efficient compressors are in demand. These devices are majorly used to assess the impact of air and gas compressors. The introduction of non-oil & gas-based projects and ongoing industrial developments also favored the market growth of industrial compressor.
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Further, major manufacturers produce eco-friendly and low-maintenance systems to encourage end customers to choose next-generation products. Companies like Doosan Infracore and Atlas Copco have designed new generation systems with supreme capabilities to stay competitive. For instance, in June 2021, the Evolution Series of portable compressors from Doosan Infracore (Doosan Portable Power) was released. Doosan portable compressors have received a considerable technological upgrade with these new units. This technology, a new feature that enables operators to modify pressure to the broadest range, is available on three models in this new series.
Based on the end-user industry, the chemicals & petrochemicals segment accounted for the leading share in the market. With rising demand for chemical and petrochemical goods from emerging nations, the chemicals and petrochemicals industry is likely to be the largest user of industrial compressors throughout the forecast period. Furthermore, large-scale new chemical and petrochemical projects and expansions of existing operations are being planned in Asia's growing countries, which are projected to fuel the market growth of industrial compressors.
Market players such as Atlas Copco AB, Aerzener Maschinenfabrik, Baker Hughes, Coaire, Danfoss, EBARA Corporation, SungShin Compressor, Bauer Kompressoren GmbH, FS-Curtis (Curtis-Toledo, Inc.), Fusheng Group, Howden Group, Hanwha Power Systems, Hubei Teweite Power Technology, Mitsubishi Heavy Industries, Nidec, Kaeser Kompressoren, Siemens Energy, Sulzer, and Zhejiang Kaishan Compressor Co. Ltd (Kaishan Group) are some key players operating in the global market. In November 2021, S.T.E.R.I. Srl (STERI), an Italian compressor distributor and service provider situated in Turin, was acquired by Atlas Copco.
Polaris market research has segmented the industrial air compressor market report based on product type, end-user industry, output power, coolant type, and region:
Industrial Air Compressor, Product Type Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Air Compressor, End-User Industry Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Air Compressor, Output Power Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Air Compressor, Coolant Type Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Air Compressor, Regional Outlook (Revenue - USD Billion, 2018 - 2030)