Industrial Air Compressor Market Report 2025 (Global Edition)

Global Industrial Air Compressor Market Report 2025 Market Size Split by Type (Reciprocating Air Compressor, Screw air compressors, Centrifugal Air Compressor, Others), by Application (Petrochemical a...

Industrial Air Compressor Market Report Description

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Competitive landscape – Industrial air compressor market

Most of the market's participants are international, however several also have local operations. Companies use partnerships, collaborations, mergers and acquisitions, new product launches, and other critical tactics to achieve long-term success. To reduce the expenses associated with the procurement and operation of raw materials, major producers of products and suppliers of raw materials have combined their businesses to produce both raw materials and the finished product.

To penetrate both existing and emerging areas, major market participants often employ geographic expansion tactics. Approvals and new product developments are other important steps that major corporations are taking to increase their product penetration.

Recent developments
•    FS-Elliott has unveiled its new P400HPR centrifugal air compressor, built on the success of its P400 model. The P400HPR offers unmatched power, with three stages of compression, making it suitable for various industrial applications. Its aero design ensures minimal energy consumption, reducing operation costs and a greener footprint. The P400HPR is known for its consistent performance, minimizing downtime, and increasing productivity. It is ideal for Heat of Compression (HOC) applications, ensuring industries operating in high-temperature air can rely on it for exceptional results. The launch of the P400HPR demonstrates FS-Elliott's commitment to innovation, efficiency, and reliability, as it has the capacity for high discharge pressures and sets a new standard in the industry.

Source (https://www.fs-elliott.com/press-release-launches-p400hpr-compressor)

•    Mitsubishi Electric Corporation has invested $1.44 billion in a new plant at its air conditioning production base in Turkey, MACT. The expansion will increase the annual capacity for air-to-water (ATW) heat pumps to 300,000 units and room air conditioners to 1,100,000 units, up by 300,000 units. Production is expected to begin in February 2024. Mitsubishi Electric is expanding its global Heating, Ventilation, and Air-Conditioning (HVAC) business through an expansion strategy through 2025, focusing on the European heating-system market. The plant will implement eco-friendly CO2-emission reduction measures, including enhanced thermal insulation, exhaust-air heat recovery, and effective use of renewable energy. MACT, located in Manisa, Turkey, has a site area of approximately 60,000 square meters and a floor area of approximately 40,000 square meters. Mitsubishi Electric is a leader in eco-friendly technology, with its Outlander PHEV being one of the few small SUVs that can run on electric power without being fully electric.

Source (https://www.mitsubishielectric.com/news/2022/0527.html)
 

Top Companies Market Share in Industrial Air Compressor Industry: (In no particular order of Rank)

• Atlas Copco
• Ingersoll Rand
• Sullair
• KAESER
• DOOSAN
• Gardner Denver
• BOGE
• Kobelco
• Elgi
• Fusheng
• KAISHAN
• Hongwuhuan
• HANBELL
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Which region dominates the market in 2023, and which region is expanding at the fastest CAGR?

The biggest revenue share was in Asia Pacific. The regional market is expanding due to growing investments in LNG and mining as well as the growth of the domestic industrial sector, especially in the automobile and food and beverage industries. The area saw a sharp increase in investments in the green energy and hydrogen industries to meet its energy needs and comply with decarbonization regulations.

Market expansion is being driven by the requirement for air compressors in a variety of industries, such as the food and beverage, industrial, home appliance, and oil and gas sectors. Moreover, several producers as well as Taiwan's sizable industrial base in the electronics and semiconductor industries probably drive market growth.

Furthermore, a high CAGR is anticipated in the global market for North America. Market expansion across all industry domains is supported by the rising number of industrial infrastructure projects and the constant investment across all process industries, especially the oil and gas industry.

Moreover, the market demand is expected to be stimulated by the IoT penetration, initiatives like Industry 4.0, and technological advancements associated with new product development.
 

The current report Scope analyzes Industrial Air Compressor Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Industrial Air Compressor Market Analysis

The market was led by the rotary/screw compressor segment in 2023. Throughout the forecast period, it is expected that the features of rotary/screw air compressors—such as low noise output, high energy efficiency, good performance, easy maintenance, and uninterrupted operation—will draw in an increasing number of users and fuel an increase in the market for these units. Reciprocating air compressors are inexpensive to install and are designed for intermittent-duty applications in difficult environments. Applications where the compressor is frequently turned on and off are where they perform best. The growing need for reciprocating air compressors in sectors like electronics, food & beverage, and pharmaceuticals—where air quality is crucial—is one of the drivers driving the segment's rise.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Industrial Air Compressor Industry. Request a Free Sample PDF!

In 2023, the market was dominated by the manufacturing sector. The market's growth has, in reality, been significantly aided by the rise of the industrial sector. Compressed air is frequently used in manufacturing operations for a variety of purposes, including powering machinery, manipulating valves, and operating pneumatic tools. Throughout the projection period, the food and beverage segment is anticipated to increase at the fastest rate. Because they can produce compressed air that is free of contaminants and is clean, oil-free air compressors have become more and more popular in the food and beverage sector. The food and beverage business needs compressed air free of oil and other impurities since oil can taint products and lower their quality. As a result, there is a growing need for oil-free air compressors in this sector.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Industrial Air Compressor Max power Segment Analysis

The 500kW – 1000kW power range category had the largest revenue share in 2023 and is anticipated to expand at a notable CAGR over the forecast period. The higher power and capacity of air compressors in the 500 kW to 1000 kW range result in several advantages. These compressors are appropriate for applications that need a huge volume of air, such as mining, large-scale construction, and industrial production, since they can produce a higher volume of compressed air. There are various advantages to using an air compressor with a power output greater than 500kW, particularly in large-scale industrial applications. This power range of compressors is capable of producing large volumes of compressed air at high pressures.

• Up to 500 kW
• 500 - 1000 kw
• 1000 - 2000kw
• above 2000 kW

Industrial Air Compressor lubrification Segment Analysis

The oil-filled air compressor segment led the market and had the largest revenue share in 2023 based on lubrication. Oil is used as a coolant and lubricant for the internal parts of an oil-filled air compressor, sometimes referred to as an oil-lubricated air compressor, which includes the compressor pump. In many industrial and commercial settings where it is not strictly necessary to have compressed air that is dry, clean, and oil-free, oil-filled air compressors are often utilized. Throughout the forecast period, oil-free air compressors should see a considerable CAGR increase. The market is predicted to increase as a result of the many benefits that oil-free mobile air compressors provide, including little risk of contamination, low maintenance and replacement costs, low energy costs, and little environmental impact. To entice customers to select cutting-edge and energy-efficient mobile air compressors, industry leaders are creating low-maintenance, environmentally friendly, oil-free models. Businesses like Ingersoll Rand, Atlas Copco, and BAUER COMP Holding GmbH have created cutting-edge technologies with high-performance capabilities to set their goods apart in a fiercely competitive market.

• Oil-free
• Oil-filled

Industrial Air Compressor Form Segment Analysis

In 2023, the stationary air compressor segment commanded the largest revenue and led the market. The stationary air compressors are perfect for usage in vehicle repair shops, manufacturing facilities, and industrial facilities. Moreover, stationary air compressors are better suited for heavy-duty applications because they are usually bigger and more powerful than portable ones. Throughout the projection period, portable air compressors are expected to experience significant growth. They come in a range of forms and sizes. While larger models have wheels for mobility, smaller variants are more convenient to transport. For small-scale uses, such as residences and construction sites, they are perfect. Portable air compressors are among the energy-efficient products and services that consumers and businesses are looking for to reduce energy consumption and emissions as environmental sustainability and carbon footprints become more and more of a concern.

• Factor portable
• Stationary

Industrial Air Compressor Operating Mode Segment Analysis

In 2023, the market was dominated by the electric-operated air compressor segment based on operating mode. One of the main reasons electric air compressors are used in so many different industries is their energy economy, which makes them adaptable. Electric compressors often use less energy than their diesel or gasoline-powered counterparts, which can save money over time. Over the projected period, the internal combustion engine (ICE) segment is anticipated to experience a notable compound annual growth rate. ICE air compressors are widely utilized in many different sectors and applications, and their acceptance and utilization are influenced by several factors. To make it easier to carry ICE air compressors to job sites, they are frequently placed on trucks or portable trailers.
 

• Electric
• Internal Combustion Engine

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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