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Industrial Air Compressor Market Revenue Forecast To 2026 By Top Players Gardner Denver, Sullair, LLC, Kaeser Kompressoren, Hitachi, Sullivan-Palatek, Elgi Compressors, Quincy Compressor

03-05-2020 10:18 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights

Industrial Air Compressor Market

Industrial Air Compressor Market

The size of the overall Industrial Air Compressor Market was recorded at USD 14.8 billion in the year 2018 and is now projected to surpass around USD 24.02 billion by 2026.

Manufacturing sector growth in Asian region will boost the industrial air compressor market as the product are widely used in industries including steel fabrication, heavy engineering products, automotive production, energy & mining, food & beverage, pharma, etc. Asia Pacific region has witnessed a strong industrial development in the last decades, accounting for around 40% of the global output in 2018.

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The Industrial Air Compressor Market size, between the duration 2019- 2026, is anticipated to witness a CAGR of 5.5%.

Based on lubrication, the oil filled industrial air compressor segment will be valued at more than USD 10 billion by 2026. Manufacturing sector growth will have a significant impact on the oil filled compressors due to its minimal cost and rough application advantages over oil free types. Oil filled industrial air compressors have their applications in power plants including nuclear, thermal and hydroelectric plants.

Some major findings of the industrial air compressor market report include:

o Growth in manufacturing industry in developing economies will primarily boost the industrial air compressor industry by 2026
o Upsurge in demand for compressed air in several end-use applications will create opportunities for product penetration in various sectors
o Rising usage of pneumatic equipment such as actuators, robotic arms, automated assembly lines, etc. will influence product demand
o Moderately fragmented market with a significant number of dominant manufactures across the world. The key players in the industry include Ingersoll Rand, Gardner Denver, Elgi Compressors, Emerson Climate Technologies, and Quincy Compressor

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The market is classified into rotary, reciprocating and centrifugal air compressors. Here, rotary air compressors is the largest and the fastest growing technology, that accounted for more than 55% market in 2018 and is likely to expand with the substantial rate by 2026. This is because they are good energy conservers and generates lesser heat than that of other air compressors. In addition to this, rotary air compressor consumes less oil in comparison to other types in the segment which in turn will drive their growth in the near term.

Comprehensive Review of Market Growth, Applications, and Future Prospects

1. Food & beverage,
2. Oil & gas,
3. Energy & Mining,
4. Semiconductor & electronics,
5. Manufacturing,
6. Construction & Municipal,
7. Pharma,
8. Agriculture/Farming

Hitachi, Quincy Compressor, Sullivan-Palatek, Rolair Systems, Gardner Denver, Atlas Copco, Elgi Compressors, Sullair, Kaeser Kompressoren, Ingersoll-Rand, Bauer Compressors, Aerzener, Ciasons Industrial, Heyner, Mat Holdings, and Doosan Portable Power are the prominent players in the industrial air compressor industry. Market leaders such as Atlas Copco, Gardner Denver, Ingersoll Rand, etc. have a strong global presence with several subsidiaries and joint ventures located across the world.

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About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

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