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.
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