Industrial Air Compressor Market 2025 Latest Market Trends, Volume Analysis and Demand Forecast 2034
According to Custom Market Insights (CMI), The Global Industrial Air Compressor Market size was estimated at USD 34 Billion in 2021 and is anticipated to reach around USD 63 Billion by 2030, growing at a CAGR of roughly 7% between 2022 and 2030.
Our research report offers a 360-degree view of the Industrial Air Compressor market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Industrial Air Compressor market.
Industrial Air Compressor Market: Overview
An industrial air compressor is a device that uses a gasoline engine, electric motor, or diesel to convert power into potential energy stored in compressed air. Industrial pumps and compressors have comparable jobs, but pumps concentrate on liquids like water and oil, whereas compressors pressurize air and gases. Agricultural facilities, industrial operations, running laundry pressers in dry cleaners, spraying crops, powering pneumatic gear, and ventilation silos all employ industrial air compressors. Various processes in food and beverage, oil and gas, and other industries also use them.
Browse the full “Industrial Air Compressor Market Size, Trends and Insights By Product (Portable , Stationary), By Technology (Rotary, Centrifugal, Reciprocating), By Output (Up to 15 kW, 16 – 75 kW, 75 – 500 kW, More than 500 kW), By End-use (Food & beverage, Energy & Mining, Agriculture/Farming, Oil & gas, Semiconductor & electronics, Construction & municipal, Manufacturing, Pharma, Others), By Coolant Type (Air-Cooled, Water-Cooled), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030 “ report at https://www.custommarketinsights.com/report/industrial-air-compressor-market/
Growth Factors
Due to their ability to retrofit existing systems, low maintenance costs, and variable speed control, air compressors are employed more frequently in important end-use sectors. Energy-efficient compressors are in greater demand as a result of their economical operation. The increased number of gas compressor stations has also given rise to growing worries about air quality. Air monitoring devices are also often implemented to assess the effects of air and gas compressors. In addition, the industry’s continued investments and non-oil-based initiatives are driving up demand for air compressors. Leading manufacturers are developing eco-friendly and low-maintenance systems to entice customers to adopt next-generation products.
To set their products apart from rivals, many businesses, including Ingersoll Rand Plc and Atlas Copco Inc., have developed high-performance next-generation systems. For instance, modern air compressors have lower noise levels and increased efficiency. As a result, many application areas have witnessed tremendous growth for cutting-edge compressors that offer high cost-saving techniques. Due to consumers placing a greater emphasis on overall solutions and lifecycle costs, energy-efficient air compressors are becoming increasingly popular. Compressed air is also being used more frequently by industrial power tools, which further helps the market expand.
A growing emphasis on energy efficiency, energy recovery, and CO2 emissions is anticipated to drive the market as air compressor demand rises in the wake of COVID-19. The increased need for monitoring compressed air systems is projected to be a significant revenue growth throughout the forecasted period. Additionally, the demand for air compressors in the food and beverage market is anticipated to be driven by stringent food safety and health laws. A rise in oil and gas extraction investments in North America and the Middle East is also expected to contribute to the market growth for air compressors.
Segmental Overview
The market for Industrial Air Compressors is segmented into product, technology, end-user, output, and coolant type. Based on the product, in 2021, stationary air compressors in manufacturing will have a significant market share of about 55%. These compressors are also frequently found in the oil and gas sector, where they are utilized to power pneumatic machinery like pipelines and machinery for the extraction and purification of oil. As these products are used more frequently in mining and construction, the portable air compressor segment is anticipated to develop at the highest CAGR over the forecast period. Construction, among other industries, uses portable air compressors as dependable power sources for tools and machinery. The popularity of these compressors in low-duty applications has also grown due to their simplicity of use and low maintenance needs.
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Regional Overview
Due to government investments in infrastructure development and fast industrialization, Asia Pacific will hold more than 30% market share in 2021. Air compressors are employed in numerous applications that promote industrial growth and those related to the food and beverage, manufacturing, home appliance, and oil and gas sectors. The market is anticipated to be driven by a sizable electronics and semiconductor manufacturing industry base in China and Taiwan and several compressor manufacturers in India and China. Growth in North America and Europe is anticipated to be steady during the projection period. However, it is expected that rising investments in Eastern Europe would accelerate the development of industrial air compressors. Additionally, the market will grow as a result of consumers’ increasing preference for items that are simple to use and low-energy.
Key Players Insights
Our market analysis includes a section specifically devoted to key players operating in the Industrial Air Compressor market. Our analysts overview each player’s financial statements, product benchmarking, and SWOT analysis. In addition, the competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of globally mentioned competitors.
- 2019: An energy-efficient line of portable air compressors in both electric and diesel form was introduced by the air compressor manufacturer Elgi Equipments.
- 2019: For the Indian market, Atlas Copco unveiled five new air compressor models. The primary goals of the launch of these goods are to meet changing consumer demands and increase productivity across various industries, including food and beverage, textile, and cement.
Prominent Players
- Ariel Corporation
- IHI Corporation Ltd
- Howden Group Ltd.
- Kaeser Kompressoren Co. Ltd.
- Mayekawa Mfg. Co. LTD
- Kobe Steel Ltd
- Mikuni Kikai Kogyo Co. LTD.
- Mitsui E&S Holdings Co Ltd
- Parker Hannifin Corporation
- The Japan Steel Works LTD.
- Siemens AG
- Hitachi Ltd
- Ingersoll Rand Inc.
- Mitsubishi Heavy Industries Ltd.
- Elgi Equipments
- Sulzer Ltd.
- Danfoss A/S
Table of Contents: https://www.custommarketinsights.com/report/industrial-air-compressor-market/#table-of-contents
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Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
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Website : https://www.custommarketinsights.com/The Global Vehicle Electrification Market was estimated at USD 96.2 billion in 2021 and is anticipated to reach around USD 135.1 billion by 2030, growing at a CAGR of roughly 12.1% between 2022 and 2030.
The global Vehicle Electrification Market research report offers an in-depth analysis of the global market size, which is further segmented into the regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, competitive Landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.
Vehicle Electrification Market: Overview
Post COVID-19 pandemic, the auto industry is expected to revive and witness several transformations owing to the boost in the electric vehicle category. Moreover, government policies are anticipated towards simplifying the buying process and offering subsidies. On the other hand, infrastructural developments are projected to have a significant impact on market growth in the post-pandemic world. Vehicle electrification is an intermittent process and requires a relevant infrastructure to continue providing a consistent service. In terms of consumers, the market is already witnessing a paradigm shift in demand and patterns of spending in the electric vehicle category.
Browse the full “Vehicle Electrification Market Size, Trends and Insights By Product (Travel Agencies, Direct Booking), By Scope of Hybridization (Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery-Electric Vehicle (BEV), Internal Combustion and Micro-hybrid Vehicles), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030″ report at https://www.custommarketinsights.com/report/vehicle-electrification-market/
Growth Factors
The Vehicle Electrification Market is propelled by the growing awareness of the environment and the increase in the need for viable alternatives to address and reduce oil dependency for fuel generation.
The market is also influenced by the shift in consumer mindset and exhibiting a huge awareness for eco-friendly alternatives. Since mobility is an essential need, electrification can be an alternate method to eliminate carbon generation and fuel emissions. Moreover, government support for electric vehicles is also expected to propel market growth in the coming years. In addition, an increase in investments in the electric vehicle category is projected to relay market growth by leaps and bounds.
Going forward, the demand for lightweight vehicles would remain higher owing to the cost-effectiveness and efficiency in fuel consumption obtained in micro-hybrid electric vehicles. OEM preference for a mild hybrid concept that is inclusive of a motor engine with a power of 20kW is expected to propel the demand for electric motors for automotive in the coming years.
Segmental Overview
The Vehicle Electrification market is categorized into service providers and the scope of hybridization. By product, the electric oil pump market is estimated to be the largest segment in the Vehicle Electrification market and is expected to be the largest segment throughout 2022-2030. The growing advancements in the electric vehicle category, such as improvements in the engine section and electrical network system, are projected to exert a positive influence on market growth. Additionally, hybrid electric vehicles are one of the largest growing segments since their popularity is growing widely with a huge consumer base.
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Regional Overview
The Asia Pacific is estimated to be the leading region in the global vehicle electrification market. The region houses a number of auto suppliers with significant initiatives toward developing charging infrastructures. India and China are huge markets for OEM, and electric components, presence of high end-user markets and political willingness to implement the concept of electric vehicles to a larger extent.
Europe is one of the second leading markets in terms of vehicle electrification and is anticipated to enlarge in the coming years catering to a vast array of consumers. Moreover, government support in the Europe market is projected to remain crucial for market developments.
Key Players Insights
Competitive Landscape/ Key Players Insights
Our market analysis on Vehicle Electrification also involves a separate section dedicated to major players operating in the market. Our analysts offer an understanding of the financial statements of all the key participants, together with their product portfolio and SWOT analysis. Moreover, the report also offers a competitive landscape chapter, including strategic key development, market share, as well as global market ranking analysis of the players mentioned. Additionally, we offer our clients the leverage to modify the list of players mentioned in our report as a part of our free customization.
Some of the prominent players in the vehicle electrification market
- Continental AG
- Denso
- BorgWarner
- Mitsubishi Electric
- Bosch
- Denso
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About Us:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains. Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
Contact Us:
USA Corporate Office
CMI Consulting LLC
1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702
Sales & Support +1 801 639 9061
Email : support@custommarketinsights.com
Website : https://www.custommarketinsights.com/