Press release
Industrial Air Compressor Market Size to Reach $42.9 billion by 2026, at a 5.6% CAGR Growth
https://www.marketsandmarkets.com/Market-Reports/industrial-air-compressor-market-78986532.html
The rapid industrialization and increasing automation in emerging economies and inflow of investments and rising demand for oil-free compressors in food & beverages industry are the main driver for the industrial air compressor market. The increasing demand for energy-efficient air compressors and rapid transformation of IoT in the compressed air industry provide lucrative opportunities for the industrial air compressor market during the forecast period.
Key Market Players:
A few major players that have a wide regional presence dominate the industrial air compressor market. The leading players in the industrial air compressor market include Atlas Copco (Sweden), Ingersoll Rand (US), Doosan Infracore (South Korea), Hitachi (Japan), and Kobe Steel (Japan).
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This research report categorizes the industrial air compressor market based on product type, design, pressure, output power, seal type, coolant type, end-user industry, and geography.
Based on Product Type:
Positive Displacement
Reciprocating
Rotary
Screw
Scroll
Others (Vane and Lobe industrial air compressors)
Dynamic Displacement
Centrifugal
Axial
Based on Design:
Stationary
Portable
Based on Pressure:
Up To 20 Bar
21-100 Bar
Above 100 Bar
Based on Output Power:
Up To 50 kW
51-250 kW
251-500 kW
Above 500 kW
Based on Seal Type:
Oil-flooded
Oil-free
Based on Coolant Type:
Air-Cooled
Water-Cooled
Based on End-user Industry:
Chemicals & Petrochemicals
Food & Beverages
Oil & Gas
Pharmaceuticals
Construction
Automotive & Transportation
Packaging (includes PET Blowing)
Power Generation
Healthcare
Metals & Mining
HVAC
Others (Textiles, Paper & Pulp, Rubber & Plastics, Agriculture, Water & Wastewater Treatment, and Aerospace & Defense)
Based on the Geography:
North America
Asia Pacific
South America
Europe
Middle East & Africa
Asia Pacific is expected to be the largest market during the forecast period.
North America, Europe, South America, Asia Pacific, and Middle East & Africa are the major regions considered for the study of the industrial air compressor market. The growth of the Asia Pacific market is driven by the increasing investments in LNG, chemical, and mining projects. and the growth of the manufacturing industry.
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Recent Developments
In November 2021, Atlas Copco acquired S.T.E.R.I. srl (STERI), an Italy-based compressor distributor and service provider located in Turin. The company mainly serves a wide range of local industrial companies in the Piedmont and Valle d'Aosta regions in Italy. Its range includes compressors, filters, and ancillary equipment. The business has become part of the Compressor Technique Service division within the Compressor Technique Business Area.
In October 2021, Ingersoll Rand acquired Air Dimensions Inc. for an all-cash purchase of USD 70.5 million. Based in Deerfield Beach, Fla., Air Dimensions designs, manufactures, and sells vacuum diaphragm pumps primarily for environmental applications in high-growth, sustainable end markets, such as emission monitoring, biogas, utility, and chemical processes.
In June 2021, Doosan Infracore (Doosan Portable Power) launched its new Evolution Series portable air compressors. These new machines are a significant technological update for Doosan portable air compressors. Three of the four models of this new line have Doosan FlexAir technology, a new feature that allows operators to adjust air pressure to a wide psi range. Two of the new models with Doosan FlexAir technology, the Doosan Evolution Series P185-HP150WDO-T4F and XP185-VHP165WDO-T4F, are in the 185 cfm class.
In June 2021, Kobe Steel and Miura Co., Ltd., signed an agreement concerning Miura's investment in Kobe Steel's wholly owned subsidiary Kobelco Compressors Corporation and Kobe Steel's investment in Miura as well as a shareholders agreement concerning Kobelco Compressors. Through integrating the standard compressor business into Kobelco Compressors and converting the company into a joint venture, Kobe Steel and Miura aim to work together to implement strategies centered on the standard compressor business and achieve synergies.
In March 2021, Hitachi Global Life Solutions, a subsidiary of Hitachi, signed an agreement to transfer all outstanding shares of Hitachi Compressor (Thailand), Ltd., a wholly owned subsidiary in Thailand that manufactures compressors for refrigerators, to Midea Electric Trading (Singapore) Co. Pte, Ltd., a subsidiary of China's Midea Group and a trading company for home appliances sales.
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