Industrial Air Compressor Market Scenario
Industrial
air compressors are used to increase pressure by converting power into
potential energy and stored as pressurized air. This pressurized air is used to
compress gas for transport, cutting & welding and cooling among other
applications. This has led to the increasing installation of air compressors
across industries.
The major
factors driving the global industrial air compressor market growth include energy
efficiency and easy maintenance. Other factors contributing to the market
growth include rising demand for energy efficient compressors, rising
industrialization, rising energy consumption, and global expansion of
liquefaction facilities. However, factors such as strict government regulations
regarding emission of greenhouse gases and noise pollution can restrain the
market growth.
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Moreover,
Regulations and requirements related to carbon dioxide emissions from products
and industrial processes are expected to increase. Additionally, increasing
home appliances demand in emerging regions is projected to drive the air
compressor industry in the forecasted years.
Industrial Air Compressor Market
Segmental Analysis
The global
industrial air compressor market has been segmented on the basis of end-use,
pressure, seal, type, and lastly, region.
Based on
end-user, this market has been segmented into chemicals & petrochemicals,
oil & gas, manufacturing, and others.
The
pressure-based segmentation segments this market into up to 20 bar, 20-100 bar,
above 100 bar.
On the
basis of the seal, the market has been segmented into oil-lubricated and
oil-free.
By type,
the industrial air
compressor market has been segmented into dynamic
displacement and positive displacement.
Top Players
Atlas Copco (Sweden), Danfoss
(Denmark), Elliott Group Ltd. (USA), Gardner Denver (USA), GE Oil & Gas
(USA), Hitachi Ltd (Japan), Howden Group Ltd. (UK), Ingersoll-Rand PLC
(Ireland), Kirloskar Pneumatics Co. Ltd. (India), Kobe Steel Ltd. (Japan),
Mitsubishi Heavy Industries, Ltd. (Japan), Sullair LLC (USA), and Sulzer AG
(Switzerland).
Regional Analysis
The regional segmentation of the
global industrial air compressor market segments the market into the regional
markets known as North America, South America, Asia Pacific, Europe, and the
Middle East & Africa (MEA).
Asia-Pacific is currently the largest market
for industrial air compressors, closely followed by North America, Asia pacific
market is growing due to the growing natural gas infrastructure in the country.
China is referred as world’s one of the manufacturing hub due to the easy
availability of resources and labors. Growing requirement for superior air
quality as well as reliability is projected to stimulate growth of the market. Moreover,
number of companies shifted focus to developing eco-friendly devices, along
with reducing maintenance requirements and also encourage consumers to migrate
from traditional products to more energy efficient alternatives.
In North America and Europe, the
market is significant due to the presence of gasification plants, liquefaction
plants, technological advancement, established industries, and the presence of
many key market players. In North America, the most important country-specific
markets are USA, Canada, and Mexico. In Europe, such markets are France,
Germany, Russia, and the UK, followed by the remaining countries of Europe.
The MEA region has been anticipated to
emerge as the fastest growing market during
the forecast period due to the presence of many reservoirs in this region. Another
factor contributing to the market growth in this region is the rising demand
for air compressors in various manufacturing industries. The critical
country-specific markets in this region are Saudi Arabia, South Africa, and the
UAE, followed by the remaining countries of the MEA region.
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Value Chain/Supply Chain Analysis
5.6 Porter’s Five Forces Analysis
6 Global Industrial Air Compressor
Market, By Type
6.1 Introduction
6.2 Dynamic
6.3 Positive Displacement
7 Global Industrial Air Compressor
Market, By Seal
7.1 Introduction
7.2 Oil-Lubricated
7.3 Oil-Free
8 Global Industrial Air Compressor
Market, By Pressure
8.1 Introduction
8.2 Up To 20 Bar
8.3 20-100 Bar
8.4 Above 100 Bar
9 Global Industrial Air Compressor
Market, By End-User
9.1 Introduction
9.2 Oil & Gas
9.3 Chemicals & Petrochemicals
9.4 Manufacturing
Continued…..
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