Press release
India Compressor Market Set for Strong Growth with Booming Automotive and Industrial Sectors
India Compressor Market Share
The rise in automobile production, with India poised to become the world's third-largest automotive market by 2026, is significantly fueling demand for compressors. Additionally, the country's manufacturing sector is set to reach USD 1 trillion by 2025, creating further opportunities for compressor applications in construction, food & beverage, textiles, and oil & gas industries.
Discover key insights with a comprehensive analysis: https://www.psmarketresearch.com/market-analysis/india-compressor-market
Key Insights:
Rotary screw compressors are gaining traction due to their higher efficiency, reliability, and lower maintenance costs compared to reciprocating compressors. These are increasingly used in automated manufacturing and food packaging industries, ensuring a steady supply of compressed air with minimal fluctuations.
Dynamic compressors dominate the market, particularly centrifugal compressors, which hold over 90% market share in India's organized sector. Their rising adoption in oil & gas, steel, and cement industries further strengthens their market presence.
The automotive sector remains the largest application area, driven by increasing passenger vehicle production (2.22 million units in 2023). Compressors play a crucial role in vehicle assembly, welding, painting, tire inflation, and component fabrication, making them indispensable to India's expanding automobile industry.
North India leads the market, being both the largest and fastest-growing region due to the concentration of industrial hubs, manufacturing facilities, and infrastructure projects.
Government support fuels growth, with initiatives like 'Make in India' and increased FDI inflows (USD 33 billion in FY 2023-2024) boosting domestic manufacturing. The National Policy on Electronics (NPE) aims to generate USD 400 billion in revenue by 2025, further increasing compressor demand in electronics manufacturing.
Rising import duties pose challenges, as India levies higher customs duties on compressors imported from China, Germany, Thailand, and Indonesia. This could lead to higher prices for air conditioners and refrigerators (expected to rise 3-6%), potentially affecting compressor sales.
Download a Complimentary Sample Report: https://www.psmarketresearch.com/market-analysis/india-compressor-market/report-sample
Industrial applications, including HVAC-R, chemical & cement, oil & gas, and food & beverage, continue to drive demand for compressors. Their role in powering tools, clamping, stamping, and automated systems makes them essential in modern industrial setups.
Technological advancements in compressors, such as energy-efficient models, smart monitoring systems, and oil-free variants, are being increasingly adopted to reduce operational costs and environmental impact.
Foreign trade policies and incentives to promote labor-intensive MSME sectors are likely to further drive domestic compressor manufacturing and reduce reliance on imports.
About P&S Intelligence
P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.
Contact:
Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://psintelligence.blogspot.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Compressor Market Set for Strong Growth with Booming Automotive and Industrial Sectors here
News-ID: 3924063 • Views: …
More Releases from P&S Intelligence
Modular Automation Market Poised for Robust Growth Amid Industry 4.0 Transformat …
According to the latest market research study published by P&S Intelligence, the global modular automation market is on an impressive growth trajectory, expected to generate USD 6.3 billion in 2024 and expand at a CAGR of 8.7% to reach USD 12.1 billion by 2032. This surge is driven by rising demand for flexible, cost-efficient manufacturing solutions and the accelerating integration of Industry 4.0 technologies.
As manufacturing landscapes evolve with rapid changes…
U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
According to the latest market research study published by P&S Intelligence, the U.S. Environmental, Social, and Governance (ESG) investments market is experiencing a significant surge, with projections indicating an increase from $6.5 trillion in 2024 to an estimated $16.0 trillion by 2032. This represents a robust compound annual growth rate (CAGR) of 12.1% over the forecast period.
According to a comprehensive analysis by P&S Intelligence, the market's expansion is driven…
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sec …
According to the latest market research study published by P&S Intelligence, the U.K. facility management market is poised for significant growth, with projected revenues reaching USD 2,743.3 million in 2024 and expected to soar to USD 6,038.4 million by 2030, reflecting a robust CAGR of 14.1% during the forecast period.
This expansion is fueled by a surge in demand across both public and private sectors. According to the RICS U.K.…
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by O …
According to the latest market research study published by P&S Intelligence, the U.S. point-of-sale (POS) software market, valued at USD 4.7 billion in 2024, is poised for significant growth over the coming years, with projections estimating it will reach USD 9.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.7%. This growth is attributed to rapid technological advancements, a surge in mobile and cloud-based POS systems,…
More Releases for India
India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil …
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035).
India Smart Air Purifier Market Overview
The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced features…
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…
