Global Industrial Air Compressor Market is valued at USD 31.5 Billion in 2018 and expected to reach USD 39.52 Billion by 2024 with the CAGR of 3.8% over the forecast period.
Rising demand for energy efficient compressors, energy consumption, and global expansion of liquefaction facilities are some of the factors which drive the growth of Industrial Air Compressor Market.
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Scope of the Industrial Air Compressor Market Report:
An Industrial Air Compressor is a device that converts power into potential energy stored in pressurized air. There are many uses of compressed air. 70 percent of all manufacturers use a compressed air system, for use with machine tools, material handling, as well as spray painting and separation equipment. One reason for that popularity is the safety and convenience of using air as a resource, as opposed to other energy sources such as electricity. An Air Compressor can also function at high temperatures and in locations where explosions and fire hazards restrict other forms of energy. Air can be generated on site, so there’s more control over usage and air quality. The U.S. Department of Energy (DOE) has suggested that over 50 percent of compressed air systems at industrial facilities have opportunities for low-cost energy conservation.
Industrial Air Compressor Companies:
Global industrial air compressor report covers prominent player’s Rolair Systems, Gardner Denver, Atlas Copco, Sullair, Kaeser Kompressoren, Bauer Compressors, Ingersoll-Rand, Doosan Portable Power, Aerzener Maschinenfabrik, Ciasons Industrial, Elgi Compressors, Heyner, Hitachi, Sullivan-Palatek, Frank Technologies, Emerson Climate Technologies, Quincy Compressor, Mat Holdings and others.
Global industrial air compressor market report is segmented on the basis of product type, power, technology, application and region. Based upon product type segment, global industrial air compressor is classified into portable and stationary. Based upon power, industrial air compressor market is divided into up to 15 kW, 16 – 75 kW, 75 – 500 kW and more than 500 kW. Based upon technology, global industrial air compressor market is classified into rotary, reciprocating and centrifugal. Further, Rotary is also classified into screw, Scroll and others. Based upon application segment, global Industrial Air Compressor is classified into food, beverage, oil, gas, energy, mining, semiconductor, electronics, manufacturing, construction/municipal, pharmaceuticals, agriculture or farming and others.
The regions covered in this industrial air compressor market report are North America, Europe, Asia-Pacific and rest of the World. On the basis of country level, market of Industrial Air Compressor sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Rising demand for energy efficient compressors, energy consumption, and global expansion of liquefaction facilities are some of the factors which are driving the growth of market
The major factors driving the global Industrial Air Compressor market growth include rising demand for energy efficient compressors, industrialization, energy consumption and global expansion of liquefaction facilities. According to Energy Efficiency scenario, 240 billion dollars were invested for incremental efficiency across the buildings, transport and industry sectors which were about 0.6% higher in 2018 than in 2017. Still the levels required for capturing the cost-effective opportunities are available.. In 2017 the total volume of global LNG trade was 289.8 mn t, according to the importers’ group of liquefied natural gas. However, factors such as strict government regulations regarding emission of greenhouse gases and noise pollution can restrain the market growth. In addition to that, emergence of pharmaceutical industries, huge investment in healthcare sector and rising concern towards quality product are projected to provide an opportunity for the demand for Industrial Air Compressor pumps in forecast period.
Global Industrial Air Compressor Market Segmentation –
By Product: Portable, Stationary,
By Power: Up to 15 kW, 16 – 75 kW, 75 – 500 kW, More than 500 kW
By Technology: Rotary ( Screw, Scroll, Others), Reciprocating, Centrifugal
By Application: Food & beverage, Oil & gas, Energy & Mining, Semiconductor & electronics Manufacturing, Construction & Municipal, Pharmaceuticals, Agriculture/Farming, Others
Industrial Air Compressor market is dominated by Asia Pacific
Asia-Pacific is estimated to dominate the overall market of Industrial Air Compressor, due to the rise in adoption of robust and energy efficient equipment. Emerging economies could become 50% less energy intensive under the emission without technological efficiency with China and India accounting for one third of total energy demand in 2040. North America and Europe market is expected to remain identical over the forecast period. In the United States, a cooler winter and a warmer summer drove up energy use for both heating and cooling. In Europe, a milder winter cut gas demand for heating, a major factor behind a 2% improvement in energy intensity, up from 1.4% in 2017.
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