Due to their use in a variety of industrial applications, the demand for industrial air compressors is expected to rise during the forecast period. Industrialization is gaining traction in developing countries such as China, India, and Russia, among others. Because of their widespread use in oil and gas transportation pipelines, air compressors are in high demand in the oil and gas industry.
Significant increases in investment for brownfield and greenfield projects, combined with planned cross-country pipeline projects, are expected to create positive prospects for demand growth in the coming years.
The industrial air compressor market is expected to be worth $26.7 billion in 2021. Industrial air compressors can generate enough pressure to power large-scale, complex systems. They are widely used to power large industrial and manufacturing machinery, including those with hydraulic or pneumatic operating components.
Since their introduction, air compressors have grown in popularity, and this trend is expected to continue. The demand for industrial air compressors is expected to grow steadily between 2021 and 2031, owing to rapid industrialization and increased investment in mechanical equipment.
The history of air compressors is synced with the innovation of bellows used for metal production in the 1820s. In the mid-1800s, compressor technology was introduced to the world, with its unique features. Air compressors rapidly gained application in various end-use sectors.
In the early 1900s, the rise of automobiles and the aviation industry occurred, which gave rise to the huge demand for industrial air compressors Market. In that era, the world witnessed many technological advancements in air compressor technologies and working, which drove the sales of air compressors and made them popular in various end-uses.
Industrial air compressors are one of the key components for air separation units since they provide compression as well as being used for cooling applications at various stages. Air compressors are also efficient, sustainable, and economical solutions for power generation. The food & beverage industry has made massive use of air compressors in the past few decades, which is continuously driving the demand for air compressors.
Some of the leading companies operating in the market are:
- Atlas Copco
- Baker Hughes Company
- Bauer Kompressoren GmbH
- Hitachi Industrial Equipment Systems Co.,
- Howden Group
- IHI Corporation
- Ingersoll Rand
- Kaeser Kompressoren
- Kaishan Compressor Co., Ltd.
- Kobelco Compressors
- MAN SE
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- Quincy Compressor
- Siemens Energy AG
- Sullair LLC