Industrial Air Compressor Market, By Type, By Application, By Geography

Description

The global industrial air compressor market is estimated to be valued at USD 21.05 Billion in 2024 and is expected to reach USD 29.03 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 21.05 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	4.70%	2031 Value Projection:	US$ 29.03 Bn

Figure. Industrial Air Compressor Market Share (%), By Region 2024

The global industrial air compressor market has been witnessing steady growth owing to their wide industrial applications. Air compressors help power pneumatic tools for applications ranging from construction to automotive manufacturing. They are also used as a source for compressed air needed to operate or actuate pneumatic and gas pressure equipment and control systems. Rapid industrialization and ongoing infrastructure development activities across major economies have significantly driven the demand for industrial air compressors. Furthermore, advancements in air compressor technology in terms of energy-efficiency and reduced maintenance requirements have expanded their usage. The growing adoption of automation across industries along with the need for uninterrupted workflow has further augmented the market growth. However, rising prices of raw materials may negatively impact the growth of the industrial air compressor market to some extent during the forecast period.

Market Dynamics:

The global industrial air compressor market is primarily driven by rapid industrialization and infrastructural development activities across emerging economies. Rapid urbanization and growing population have significantly boosted the construction volumes worldwide, which, in turn, has raised the demand for industrial air compressors used in pneumatic tools. Ongoing automation of manufacturing processes has also augmented the market growth as compressed air finds extensive applications in automated equipment. Major manufacturers are emphasizing on developing energy-efficient and low-maintenance air compressors to lower production costs for end users. This has increased the adoption rate of compressed air systems in various industries. However, high initial investment and growing raw material prices pose a threat to market expansion. On the other hand, increasing replacement demand from mature markets and emerging applications in food & beverage and power industries present lucrative opportunities for market players.

Key Features of the Study:

This report provides in-depth analysis of the global industrial air compressor market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global industrial air compressor market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Ingersoll Rand, Atlas Copco, Sullair, Kaeser Kompressoren, Mitsubishi Heavy Industries Compressor Corp., Boge Compressors, Gardner Denver, FS-Curtis, Elgi Equipments, Hitachi Industrial Equipment Systems, Doosan Portable Power, Chicago Pneumatic, Fusheng, Hannover Messe, Graham Corporation, Airman, CompAir, DENAIR, VMAC, and Zhejiang Kaishan Compressor Co. Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global industrial air compressor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial air compressor market

Detailed Segmentation-

Type Insights (Revenue, USD Bn, 2019 - 2031)
- Rotary Screw Compressors
- Piston Compressors
- Centrifugal Compressors
- Others
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Manufacturing
- Construction
- Automotive
- Oil & Gas
- Food & Beverage
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Ingersoll Rand
- Atlas Copco
- Sullair
- Kaeser Kompressoren
- Mitsubishi Heavy Industries Compressor Corp.
- Boge Compressors
- Gardner Denver
- FS-Curtis
- Elgi Equipments
- Hitachi Industrial Equipment Systems
- Doosan Portable Power
- Chicago Pneumatic
- Fusheng
- Hannover Messe
- Graham Corporation
- Airman
- CompAir
- DENAIR
- VMAC
- Zhejiang Kaishan Compressor Co. Ltd.

Product Code: CMI7299

1. RESEARCH OBJECTIVES AND ASSUMPTIONS

Research Objectives
Assumptions
Abbreviations

2. MARKET PURVIEW

Report Description
- Market Definition and Scope
Executive Summary
- Global Industrial Air Compressor Market, By Type
- Global Industrial Air Compressor Market, By Application

3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Industrial Air Compressor Market, By Type, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Rotary Screw Compressors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Piston Compressors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Centrifugal Compressors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Global Industrial Air Compressor Market, By Application, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Food & Beverage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Industrial Air Compressor Market, By Region, 2019 - 2031, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
- Regional Trends
  - North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
U.S.
Canada
Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
Germany
U.,K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
South Africa
North Africa
Central Africa

7. COMPETITIVE LANDSCAPE

Ingersoll Rand
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Atlas Copco
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sullair
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Kaeser Kompressoren
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mitsubishi Heavy Industries Compressor Corp.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Boge Compressors
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Gardner Denver
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
FS-Curtis
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Elgi Equipments
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hitachi Industrial Equipment Systems
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Doosan Portable Power
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Chicago Pneumatic
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Fusheng
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hannover Messe
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Graham Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Airman
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
CompAir
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
DENAIR
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
VMAC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Zhejiang Kaishan Compressor Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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