Global Industrial Air Compressors Business Report 2023: Market to Reach $51.8 Billion by 2030 – IoT-Connected Air Compressors & Smart Air Compressors Make it to the Spotlight

Industrial Air Compressors Market

Dublin, Jan. 08, 2024 (GLOBE NEWSWIRE) — The “Industrial Air Compressors – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

Global Industrial Air Compressors Market to Reach $51.8 Billion by 2030

The global market for Industrial Air Compressors estimated at US$34.5 Billion in the year 2022, is projected to reach a revised size of US$51.8 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030.

Clean and compressed air plays a pivotal role in various industries, serving as a cornerstone for their growth. This report underscores the indispensability of compressed air in industrial processes, emphasizing its critical importance. The ubiquity of compressed air usage in industries worldwide is quantified in gigawatt-hours per year (GWh/Year), highlighting the extensive reliance on this resource across various sectors.

Positive Displacement, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$30.9 Billion by the end of the analysis period. Growth in the Dynamic Displacement segment is estimated at 4.8% CAGR for the next 8-year period.

Moving on to the competitive landscape, the report provides insights into the Global Key Competitors’ Percentage Market Share in 2023, categorizing their Competitive Market Presence as strong, active, niche, or trivial within the industrial air compressor industry. A detailed overview of industrial air compressors is presented, including their types, benefits, and market outlook. The report also touches on recent market activity, providing a comprehensive view of the industry’s dynamics and trends.

The U.S. Market is Estimated at $8.5 Billion, While China is Forecast to Grow at 6.8% CAGR

The Industrial Air Compressors market in the U.S. is estimated at US$8.5 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$10.8 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

What`s New?

• Special discussions on the global economic climate and market sentiment

• Coverage on global competitiveness and key competitor percentage market shares

• Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and trademarked research platform

• Complimentary updates for one year

• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Story continues

Key Attributes:

MARKET TRENDS & DRIVERS

• Resilient Outlook for the Manufacturing Industry Despite Slower Economic Environment to Sustain Growth in 2023

• Strong Pressure to Cut Carbon Footprint Drives Demand for New Generation of Energy Efficient Industrial Air Compressors

• High Compressor Energy Costs Drives Demand for Energy Efficient Compressed Air Systems: Annual Compressor Energy Costs (in US$) by Horsepower (HP) Generated

• True Cost of Compressed Air: % Share Breakdown of Cost Components of Compressed Air Production

• Led by Growing Population & Nutrition Needs, Global Food & Beverage Industry Offers Broad Based Opportunities for Air Compressors

• Higher Consumption of Processed Foods Translates Into Increased Investments in Food Production Equipment: Global Opportunity for Packaged Foods & Food Processing Equipment (In US$ Billion) for Years 2022, 2024, 2026 and 2028

• Demand for Class 0 Oil Free Air Compressors Grows Stronger in the Pharmaceutical Packaging End-Use Application Space

• Development of Piped Energy Networks & Air Compressor Piping Systems Bodes Well for Market Growth

• Strong Oil & Gas Pipeline Development Activity Opens Parallel Opportunities for Growth of Air Compressors: Global Pipeline Development by Region (In Km) as of the Year 2022

• Recovery in the Construction Industry to Boost Demand for Air Compressors

• Global Construction Spending (in US$ Trillion) for the Years 2020-2028

• IoT-Connected Air Compressors & Smart Air Compressors Make it to the Spotlight. Here’s Why

• Growing Semiconductor Demand & Chip Shortage Induced Production Expansion to Drive Demand for Instrument Air Compressor

• Environmental Benefits Among Many Others to Spur Demand for Oil Free Air Compressors

• Leveraging AI in Air Compressors

• Here’s Why Connecting Air Compressors to the Cloud Makes Sense

FOCUS ON SELECT PLAYERS(Total 187 Featured)

• Aerzener Maschinenfabrik GmbH

• Ariel Corporation

• Atlas Copco Group

• BAUER COMP Holding GmbH

• Danfoss A/S

• Elgi Equipments Limited

• FS-Curtis

• Gardner Denver

• Hanwha Power Systems CO., LTD.

• Hitachi Ltd

• Howden Group Ltd.

• IHI Corporation

• Ingersoll Rand

• Kaeser Kompressoren

• Kobe Steel, Ltd

• Mayekawa Mfg. Co., LTD

• Mikuni Kikai Kogyo Co., LTD.

• Mitsubishi Heavy Industries Ltd.

• Mitsui E&S Holdings Co., Ltd

• Parker Hannifin Corporation

• Siemens AG

• Sulzer Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/yjc9z8

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900