Industrial Air Compressor Market Size & Share, by Technology (Rotary [Screw, Scroll], Reciprocating, Centrifugal), Power, Lubrication (Oil Free, Oil Filled), Regional Forecast, Industry Players, Growth Statistics Report 2024-2033

Market Outlook:

Industrial Air Compressor Market size exceeded USD 13.65 Billion in 2023 and is anticipated to cross USD 29.9 Billion by 2033, registering a CAGR of more than 7.7% during the forecast period. There are many different air compressor types and sizes available in the industrial air compressor market that are utilised for industrial and commercial applications. For powering equipment and machines, providing process air, and other uses, compressed air is crucial in a variety of sectors.

Several industries, including manufacturing, building, automotive, aerospace, oil and gas, mining, food and beverage, pharmaceuticals, and more are served by the industrial air compressor market. The needs and demands for compressed air vary per industry. On the market, there is a lot of emphasis on energy efficiency. To lower operating costs and their environmental impact, several companies are implementing more energy-efficient air compressor systems.

• Base Year Value (2023): USD 13.65 Billion
• CAGR (2024-2033): 7.7%
• Forecast Year Value (2033): USD 29.9 Billion
• Historical Data Period: 2019-2022
• Largest Region: North America
• Forecast Period: 2024-2033

Market Dynamics:

Growth Drivers and Opportunities:

Technological development in the field of air compressors

Oil lubrication is needed for conventional compressors, which can taint the compressed air. Oil-free compressors use cutting-edge components and designs to do away with the need for oil, making them appropriate for sectors like pharmaceuticals and food processing where clean, oil-free air is essential. Manufacturers of compressors are constantly enhancing their devices' energy efficiency. For improved performance and reduced energy usage, this entails optimising designs, lowering internal losses, and incorporating cutting-edge controls. Compressor parts like pistons, cylinders, and valves can be made more durable and friction-free by using cutting-edge materials and coatings, which will increase performance and longevity.

Industrial growth of industrial air compressors

The demand for compressed air in many applications has greatly increased as industrialisation in emerging nations continues to advance and manufacturing processes become more complex. Compressed air is widely used in a variety of manufacturing and processing processes in the automotive, aerospace, electronics, food and beverage, and pharmaceutical industries. In order to power pneumatic systems, the growing use of automation and robotics in manufacturing necessitates precise and dependable compressed air sources. Industrial air compressors are essential to the efficient operation of these automated systems. For a variety of jobs, infrastructure projects such as building, mining, and oil and gas exploration need trustworthy sources of compressed air. Worldwide demand for industrial air compressors is growing along with infrastructure development.

Report Scope

Report Coverage	Details
Segments Covered	Technology, Power, Lubrication, Application
Regions Covered	• North America (United States, Canada, Mexico)   • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)   Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)   • Latin America (Argentina, Brazil, Rest of South America)   • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Aerzener Maschinenfabrik, Atlas Copco AB, Baker Hughes, Bauer Kompressoren GmbH, Coaire, Danfoss, EBARA Corporation, FS-Curtis (Curtis-Toledo, Inc.), Fusheng Group, Hanwha Power Systems, Howden Group, Hubei Teweite Power Technology, Kaeser Kompressoren, Mitsubishi Heavy Industries, Nidec, Siemens Energy, Sulzer, SungShin Compressor, and Zhejiang Kaishan Compressor Co. Ltd (Kaishan Group)

 

Industry Restraints & Challenges

Strict emission norms across the world

To create and build more ecologically friendly compressor systems, compressor manufacturers might need to make research and development investments. Advanced pollution control technologies, including catalytic converters or selective catalytic reduction (SCR) systems, might be used in these systems, which could raise the cost of production. It may be difficult for compressor producers from areas with lenient emission restrictions to compete in markets with high emissions standards. Their capacity to export goods to places with stricter rules may be impacted by this.

Regional Forecast:

North American Market

North America is anticipated to dominate the Industrial Air Compressor market during 2024 to 2033. One of the major industrial air compressor markets exists in North America. Numerous variables, such as the state of the economy, the expansion of the industrial sector, and technical developments, have an impact on market size. There are many different kinds of air compressors available on the market, including centrifugal, reciprocating, and rotary screw models. Each variety caters to particular industries and uses. Many different industries, including manufacturing, oil and gas, automotive, aerospace, construction, the pharmaceutical industry, the food and beverage industry, and more, drive the demand for industrial air compressors in North America.

Asia Pacific Market

Asia Pacific Industrial Air Compressor industry is expected to rise by 8% Between forecast period 2024 and 2033. One of the biggest and fastest-growing global markets for industrial air compressors is the Asia-Pacific region. The rising demand for compressed air in numerous industrial applications is what is driving the market's expansion. Many different industries, including manufacturing (automotive, electronics, textiles), construction, oil and gas, mining, food and beverage, pharmaceuticals, and more, drive the demand for industrial air compressors in the Asia-Pacific region. Due to variances in industrialization, economic development, and infrastructure developments, the demand for industrial air compressors can differ by nation and area within Asia-Pacific.

Segmentation Analysis:

Insights by Technology

The rotary industrial air compressor market is expected to generate USD 19.55 billion through 2033. The energy efficiency of rotary compressors is well known, especially when they have variable frequency drives (VFDs) installed. In order to cut running costs and lessen their environmental impact, many companies have been switching to these sorts of compressors as energy efficiency and sustainability become more and more important. The need for compressed air systems has increased as a result of the expansion of numerous industries, including manufacturing, construction, and the automotive. The high and fluctuating air requirements of these sectors are well-suited for rotary compressors. Rotary compressors are adaptable and can be tailored to meet the needs of a particular sector. Due to their versatility, they have been used for a variety of purposes, from supplying clean, dry air for delicate procedures to powering pneumatic machines.

Insights by Power

The 75-500 kW segment is expected the dominate the market and is projected to grow by 8.25% between 2024 to 2033. Medium-sized industrial air compressors that are appropriate for a variety of applications are normally included in the 75-500 kW class. The demand for compressed air systems in this power range tends to increase as industries grow and modernise their processes. The manufacturing, automotive, aerospace, and construction sectors are included here. In this power range, manufacturers are continuing to innovate by creating more effective and cutting-edge compressors. Increased efficiency and dependability are a result of improved rotor designs, control architectures, and digital monitoring capabilities. There is fierce competition among compressor manufacturers in the 75-500 kW market. Offering cutting-edge products and top-notch customer service, both seasoned firms and more recent arrivals are continuously vying for market dominance.

Insights by Lubrication

The oil filled lubrication segment is poised to reach USD 18.4 billion by 2033. Many different industries, including manufacturing, the automotive, construction, and more, frequently use oil-lubricated air compressors. The expansion of these sectors, along with new infrastructure and industry developments, may increase demand for oil-filled lubricating compressors. Heavy-duty applications where dependability and constant performance are crucial frequently employ oil-filled compressors. These compressors, for instance, are utilised to drive pneumatic tools and equipment in the industrial industry. The oil-filled lubrication market is competitive, and a number of well-known firms provide a variety of goods. Innovation and product enhancement can result from competition.

Insights by Application

The manufacturing segment is witnessing the fastest market growth and is expected to achive USD 17.25 billion by 2033. A major market driver for industrial air compressors is manufacturing. Compressed air is frequently needed by growing manufacturing sectors for a variety of tasks, such as powering pneumatic tools, running production lines, and delivering clean, dry air for precise processes. There is considerable competition among air compressor producers in the manufacturing sector. To obtain a competitive edge, businesses constantly endeavour to innovate and provide goods that increase reliability and efficiency.

Competitive Landscape:

Major players in the market

• Aerzener Maschinenfabrik
• Atlas Copco AB
• Baker Hughes
• Bauer Kompressoren GmbH
• Coaire
• Danfoss
• EBARA Corporation
• FS-Curtis (Curtis-Toledo, Inc.)
• Fusheng Group
• Hanwha Power Systems
• Howden Group
• Hubei Teweite Power Technology
• Kaeser Kompressoren
• Mitsubishi Heavy Industries
• Nidec
• Siemens Energy
• Sulzer
• SungShin Compressor
• Zhejiang Kaishan Compressor Co. Ltd (Kaishan Group)