The industrial air compressor market is forecast to exceed a valuation of $ 26 billion by 2032 latest research study by Global Market Insights Inc.
The rapid digitization of industrial and production processes has led to the development of technologically advanced industrial air compressors. The advent of artificial intelligence (AI) and machine learning has proliferated trends in automated manufacturing. Compressed air accounts for nearly 30% of all energy costs of a plant, and nearly a third of the compressed air generated is wasted due to lack of monitoring.
Industrial and manufacturing plant operators are rapidly switching to AI-based forecasting models to reduce energy costs and prevent unplanned shutdowns. Artificial intelligence models enable early leak detection helping to reduce energy consumption and ultimately the plant’s carbon footprint. Continued innovation in machine learning models to detect compressed air anomalies will positively affect the dynamics of the industrial air compressor market.
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The industrial share of the stationary product type is estimated to exceed $ 23 billion by 2032. A high preference for industrial-scale stationary air compressors can be attributed to their cost efficiency. Advances in electrification will help increase product accessibility. For example, an electrically charged stationary compressor costs 2-4 times less than a portable diesel compressor. Additionally, the electric alternative allows for quieter and cleaner operations, making them sustainable and ideal for indoor applications. Stationary air compressors are larger in size, more powerful and suitable for rental use in single-site industrial operations.
The revenues of the industrial air compressor market from the centrifugal technology segment are expected to exceed more than $ 6.5 billion by 2032. Due to less resistance to changes in gas conditions, centrifugal air compressors are less widespread. However, the growing interest in environmentally friendly industrial equipment is expected to increase demand for these systems. Air compressors based on this technology are designed without oil, allowing manufacturers to reduce maintenance costs and become sustainable. They help prevent the risks associated with final product contamination and damage to production equipment.
The compressor type with 16-75 kW capacity is expected to show a CAGR of 8% between 2023 and 2032. These compressors provide a small footprint, low maintenance requirements and increased reliability. They are widely used in automotive, textile, paper and food processing applications. Thanks to their compact size, improved energy efficiency and affordability, the demand for these air compressors will increase.
The application for energy and mining is expected to represent $ 2.5 billion sales on the market of industrial air compressors by 2032. These compressors are widely used in all types of power plants such as thermal, hydro and nuclear. Compressed air plays a crucial role in power plants that use pneumatic equipment connected to boilers, precipitators, turbines, ash treatment systems and generators. Power plants with high load fluctuations rely heavily on oil-free screw compressors to facilitate constant pressure flow.
Latin America’s industrial air compressor sector is likely to reach a 6% increase from 2023 to 2032. Over the past decade, LATAM countries have seen dynamic growth in manufacturing production due to the easy availability of materials. raw materials, cheap labor and vast land. Mexico has emerged as a key manufacturing hub for investors from around the world. Favorable terrestrial connectivity with North American markets allows producers in the region to make substantial profits.
The global industrial air compressor market landscape includes companies such as Atlas Copco, Sullair LLC, Ingersoll-Rand plc, Rolair Systems, Doosan Portable Power, Sullivan-Palatek, Inc., Hubei Teweite Power Technology Company Limited, Elgi Compressors USA, Inc., Heyner UK Ltd., Ciasons Industrial, Inc., Mat Holdings, Inc., Oasis Manufacturing, Aerzener Maschinenfabrik GmbH, Quincy Compressor, Vanair Manufacturing, Inc., VMAC Global Technology, Inc. (VMAC company), Zen Air Tech Pvt. Ltd., Boge Compressors, Bauer Compressors, Inc., Air Squared, Emerson Climate Technologies, Inc. and Frank Technologies. These players are focusing on strategic partnerships and collaborations to advance product development.
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Partial summary (ToC) of the report:
Chapter 2 Executive Summary
2.1 Industrial Air Compressor Market 3600 synopsis, 2018 – 2032
2.1.1 Business performance
2.1.2 Performance of products
2.1.3 Technology Trends
2.1.4 Course of lubrication
2.1.5 Power trend
2.1.6 Application Trends
2.1.7 Regional trends
Chapter 3 Information on the Industrial Air Compressor Industry
3.1 Segmentation of the sector
3.2 Industry landscape, 2018 – 2032
3.3 Analysis of the industrial ecosystem
3.4 Sector impact forces
3.4.1 Growth factors
18.104.22.168 Rapid industrial growth in Asia Pacific and the Middle East
22.214.171.124 Technological developments in the field of air compressors
126.96.36.199 Mature manufacturing industry in the United States
3.4.2 Pitfalls and challenges of the sector
188.8.131.52 Strict regulations regarding the use of the air compressor
184.108.40.206 Popularity of air compressor rental services
220.127.116.11 Strict emission regulations around the world
3.5 Growth potential analysis, 2022
3.6 Innovation and sustainability
3.7 Regulatory landscape
3.8 Regional price trends
3.9 Analysis of the cost structure
3.10 Competitive landscape
3.11 Porter’s analysis
3.12 PESTEL analysis
3.13 Impact of COVID-19 on demand for industrial air compressors, by application
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, USA, is a global market research and advisory services provider, offering syndicated and customized research reports along with growth advisory services. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid strategic decision making. These comprehensive reports are designed using a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.