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Top Market Shifts Transforming the Industrial Air Compressor Market Landscape: Key Insights
Industrial Air Compressor Market
What Is the Expected CAGR for the Industrial Air Compressor Market Through 2025?
The market size of industrial air compressors has seen substantial growth lately. It's projected to rise from $22.43 billion in 2024 to $23.63 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.3%. The historic growth can be accredited to an upswing in manufacturing and industrial activities across different sectors, along with the requirement for compressed air in automation and pneumatic systems. The industrial necessity for a consistent and dependable air supply, an emphasis on energy efficiency and reduction of operating costs, as well as the adoption of portable and compact air compressor solutions, have also contributed to this growth.
What's the Projected Size of the Global Industrial Air Compressor Market by 2029?
Predictions indicate substantial growth in the industrial air compressor market in the upcoming years, with it expected to reach a worth of $29.94 billion in 2029, expanding at a compound annual growth rate (CAGR) of 6.1%. This projected growth can be linked to the increasing shift towards electric and hybrid air compressors for sustainability, the escalating demand for unpolluted and oil-free compressed air solutions, the customization of compressor systems for specific industrial uses, advancements in next-gen air compressor technologies, and the broadening use of compressed air in emerging industries and applications. During the forecast period, predominant trends include the adoption of variable speed drive (VSD) and variable frequency drive (VFD) technology, oil-free air compressor systems, energy-efficient and high-efficiency particulate air (HEPA) filters, integration of IoT for remote monitoring and predictive maintenance, and dual-power and hybrid air compressors.
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Top Growth Drivers in the Industrial Air Compressor Industry: What's Accelerating the Market?
The rise in demand for energy-efficient air compressors is predicted to spur the expansion of the Industrial Air Compressor market. Industrial air compressors are tools that transform potential energy into compressed air. This form of energy-efficient compressor could provide an advantage amidst escalating energy costs and improved access to energy-saving technologies in industrial sectors. For instance, as stated by the U.S. Department of Energy, almost 10 to 30% of a industrial facility's total energy usage is from compressed air systems. Implementing the use of energy-efficient air compressors can optimise energy utilization by up to 20% in industries. Consequently, the integration of energy-efficient air compressors in the industrial air compressor industry is a beneficial move.
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What Trends Will Shape the Industrial Air Compressor Market Through 2029 and Beyond?
Leading firms in the industrial air compressor market are introducing cutting-edge technologies like VSD (Variable Speed Drive), which improves the effectiveness and performance of manufacturing procedures by permitting accurate control of motor speeds and minimizing energy use. The term VSD (Variable Speed Drive) signifies a system that manages the speed and torque of electric motors by altering the input frequency and voltage. For example, in March 2023, Atlas Copco, a British industrial firm, introduced its GA VSD oil-injected screw compressor range, which now includes 5-18 kW models, thereby expanding its energy-efficient and sustainable product line. This newer version of VSD technology, which is now obtainable in 5 to 37 kW sizes, ensures intelligent operation and up to 60% energy savings for users of smaller compressed air. These latest models still retain the advantages of cost savings, sustainability, smart output, superior connectivity, compact size, and quiet functionality.
What Are the Main Segments in the Industrial Air Compressor Market?
The industrial air compressor market covered in this report is segmented -
1) By Type: Rotary Air Compressors, Reciprocating Air Compressors, Centrifugal Air Compressors
2) By Product: Positive Displacement, Dynamic Displacement
3) By Seal: Oil-Free Seal, Oil-Lubricated Seal
4) By Application: Food And Beverage, Oil And Gas, Energy And Mining, Semiconductor And Electronics, Manufacturing, Construction And Municipal, Pharmaceuticals, Agriculture Or Farming
Subsegments:
1) By Rotary Air Compressors: Rotary Screw Compressors, Rotary Vane Compressors
2) By Reciprocating Air Compressors: Single-Stage Reciprocating Compressors, Two-Stage Reciprocating Compressors
3) By Centrifugal Air Compressors: Oil-Lubricated Centrifugal Compressors, Oil-Free Centrifugal Compressors
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Which Top Companies are Driving Growth in the Industrial Air Compressor Market?
Major companies operating in the industrial air compressor market include Atlas Copco, Danfoss A/S, HD Hyundai Infracore Co. Ltd., EBARA Corporation., Elgi Equipments Limited., Hitachi Ltd., Howden Group Ltd., Ingersoll-Rand PLC, Kaeser Kompressoren Inc., Kirloskar Pneumatics Co. Ltd, Kobe Steel Ltd., Baker Hughes Company., BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG, MAT Industries LLC., Coaire Inc., Elliott Group Ltd., FS-Curtis, Fusheng Group, Gardner Denver Pvt Ltd., Air Squared Inc., Air Systems Products LLC., Airmaze Corporation Pte Ltd ., American Eagle Accessories Group, Bambi Air Compressors Ltd., Bauer Compressors Inc., Chicago Pneumatic Holdings Ltd., Curtis-Toledo Inc., EMAX Compressor, Jenny Products Inc.
Which Regions Will Dominate the Industrial Air Compressor Market Through 2029?
Asia-Pacific was the largest region in the industrial air compressor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial air compressor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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