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The global industrial air compressor market value is expected to grow at a CAGR of 3.90% in the forecast period of 2024-2032.
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The industrial air compressor industry growth is primarily driven by escalating demand for portable air compressors. Various sectors including construction, mining, and agriculture, often require these portable units. This is due to their flexibility and ease of transport. Designed to operate in remote locations where traditional stationary air compressors are impractical, these devices are gaining popularity. However, as industries pursue equipment that merges mobility and versatility with robust performance, the demand for portable air compressors is on the rise. Although challenges exist, the trend is undeniable, because companies recognise the value of adaptability in today’s fast-paced environment.
Investments from a variety of governments as well as significant market players are shaping the industrial air compressor market dynamics and trends. Funding directed toward development and research programs (which focus on the creation of advanced mechanical and industrial equipment utilizing industrial air compressors) is anticipated to propel market growth. Furthermore, rapid industrialisation in emerging markets particularly in the Asia-Pacific region is playing a crucial role in the expansion of this industry. Countries such as China, India and Indonesia are witnessing a construction, manufacturing, and automotive surge. Although these economies are growing, the demand for air compressors continues to escalate. However, the interplay between supply and demand remains complex as it is influenced by both local and global market conditions.
The incorporation of the Internet of Things (IoT) along with advanced technologies into industrial air compressors is significantly altering the market landscape. Compressors equipped with IoT sensors are capable of monitoring performance metrics such as pressure, temperature and air quality in real-time. This (because) of the ability to track these variables is driving the demand of industrial air compressor market. Operators are now able to optimize their operations and identify potential issues before they escalate, thereby facilitating predictive maintenance. Although there are challenges in implementation, analyzing data trends allows companies to improve efficiency and reduce the total cost of ownership; hence, smart compressors emerge as a compelling option for industrial applications. However, the transition to these technologies requires careful consideration of various factors influencing their effectiveness.
Industrial Air Compressor Market Size
Industrial Air Compressor Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 3.90% between 2024 and 2032.
The major drivers of the market are growing utilisation of energy efficient air compressors, surging use in the oil and gas industry, and increasing technological advancements.
The key trends of the market are versatile applications in the food and beverage sector, progressive product improvements, and rising demand for end user satisfaction.
An industrial air compressor is an electronic device that converts power into potential energy using an electric motor that is then stored in pressurised air which finds applications across various industries.
The applications of industrial air compressors include operating pneumatic machinery, spraying crops, and carrying out functions in food and beverage manufacturing processes, among other uses.
Based on end use, the market is segmented into manufacturing, healthcare, oil and gas, food and beverage, power generation, construction and mining, and others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Any regular air can be used in industrial air compressors, after the volume has been decreased and compressed using a compressor.
By type, the market is divided into reciprocating air compressors, rotary air compressors and centrifugal air compressors.
The competitive landscape consists of Atlas Copco AB, Ingersoll Rand Inc., Mitsubishi Heavy Industries, Ltd., and Kaeser Kompressoren SE, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124