Industrial Air Compressor Market size to cross $26 Bn by 2032

Industrial Air Compressor Market size is anticipated to exceed USD 26 billion by 2032, according to recent research report by Global Market Insights Inc. Technological advancements and innovation in air compressors will positively influence the industry outlook.
 

Rising on-site deployment of industrial portable air compressors

The portable air compressor type is anticipated to reach over USD 4.5 billion by 2032. These compressors require low maintenance and have widespread industrial applications. A rise in urban construction activities is accelerating the need for industrial portable air compressors for powering tools such as drills, riveting guns, wrenches, and others. They are also extensively purchased for mining, sandblasting, and drilling purposes.
 

Emerging demand for energy-efficient industrial reciprocating air compressors

The industrial air compressor market share from the reciprocating technology segment will exhibit about 6% CAGR from 2023 to 2032. Reciprocating air compressors are suitable for a wide variety of work setting ranging from chemical plants, and agriculture, to refrigeration technology facilities. They are also installed in oil refineries, automotive workshops and in natural gas processing plants. These compressors are gaining momentum due to their ability to produce higher pressures without the necessity for excess energy to function.
 

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Strict sanitary guidelines to drive the demand for oil-free air compressors

The oil-free industrial air compressor market is estimated to register USD 9.5 billion revenues by 2032. Oil-free air compressors are gaining traction owing to the growing requirement for uncontaminated air. Several manufacturing units such as pharmaceutical, chemical and food & beverage have stringent sanitary wants to prevent contamination. Also, such compressors reduce maintenance requirements and the annual cost of ownership. Technical evolutions in oil-free systems will pave the way for sector growth.
 

Browse key industry insights spread across 390 pages with 742 market data tables and 43 figures & charts from the report “Industrial Air Compressor Market Size By Product (Portable, Stationary), By Technology (Rotary [Screw, Scroll], Reciprocating, Centrifugal), By Power (Up to 15 kW, 16 - 75 kW, 75 – 500 kW, More than 500 kW), By Lubrication (Oil Free, Oil Filled), By Application (Food & Beverage, Oil & Gas, Energy & Mining, Semiconductor & Electronics, Manufacturing, Construction & Municipal, Pharma, Agriculture/Farming), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-air-compressor-market
 

Increasing investments in new infrastructure activities

The industrial air compressor market from construction & municipal application segment is poised to surpass USD 1.5 billion by 2032. Increasing demand for these air compressors to power on-site heavy machinery and tools can be attributed to the rising number of construction projects. Urbanization and modern infrastructure trends will complement the industry statistics.
 

Expanding oil & gas industry in North America

The North America industrial air compressor sector is slated to record USD 6 billion by 2032. The region is expected to offer lucrative business prospects to market players on account of increasing shale gas exploration activities across the U.S. and Canada. The availability of advanced resources and technologies such as best-in-class hydraulic fracturing technologies will help the U.S. ramp up oil and gas exploration to meet the growing energy requirement. Furthermore, the presence of major oil and gas giants will accelerate industrial activities, fueling the demand for air compressors.
 

New product development to boost business expansion

Some of the leading industrial air compressor market companies are Atlas Copco, Sullair LLC, Ingersoll-Rand plc, Rolair Systems, Doosan Portable Power, Sullivan-Palatek, Inc., Elgi Compressors USA, Inc., Heyner UK Ltd., Ciasons Industrial, Inc., Mat Holdings, Inc., Oasis Manufacturing, Quincy Compressor, Vanair Manufacturing, Inc., Boge Compressors, Bauer Compressors, Inc., Air Squared, Emerson Climate Technologies, Inc., Gardner Denver, Inc., and Frank Technologies. These players are focusing on new product development initiatives to gain a competitive advantage than related firms.