Industrial Air Compressor Market Size, Trends and Insights By Product (Portable , Stationary), By Technology (Rotary, Centrifugal, Reciprocating), By Output (Up to 15 kW, 16 - 75 kW, 75 - 500 kW, More than 500 kW), By End-use (Food & beverage, Energy & Mining, Agriculture/Farming , Oil & gas, Semiconductor & electronics, Construction & municipal, Manufacturing, Pharma, Others), By Coolant Type (Air-Cooled, Water-Cooled), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Ariel Corporation
- IHI Corporation Ltd
- Howden Group Ltd.
- Kaeser Kompressoren Co. Ltd.
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Industrial Air Compressor Market size was estimated at USD 34 Billion in 2021 and is expected to reach USD 37 billion in 2022 and is anticipated to reach around USD 63 Billion by 2030, growing at CAGR of roughly 7% between 2022 and 2030.
Our research report offers a 360-degree view of the Industrial Air Compressor market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Industrial Air Compressor market.
- An industrial air compressor is a device that uses an electric motor, diesel engine, or gasoline engine to convert power into stored potential energy in the form of pressured air. Increases in the petrochemical, oil and gas, agricultural, transportation, and automotive industries globally, as well as increased government support for developing industrial compressor technology, are some important reasons that significantly speed up market expansion.
- Power conversion devices that transform power into potential energy and store it as pressured air are included with industrial air compressors. This pressured air is used to compress gas for various purposes, including transportation, cutting, welding, packing, cooling, freezing, and powering pneumatic instruments.
- Therefore, air compressors are progressively being implemented in various sectors. The development of cross-border pipeline networks, the rising need for energy-efficient air compressors, and quick industrialization in developing economies like India, China, Saudi Arabia, the United Arab Emirates, South Africa, and Brazil are all fueled by infrastructure investments. To stop the spread of the COVID-19 illness, governments worldwide established stringent lockdowns in 2020. As a result, the market for air compressors was adversely affected, with sales and earnings sharply declining.
- Utilizing air compressors has many benefits, one of which is safety. They can tolerate extreme temperatures and provide simplicity and security by using air as energy instead of other energy sources. In contrast to equipment that uses electricity, handling electrical equipment carries no risk of electric shock to users, and in the workplace, team safety is always crucial.
Report Scope
The study focuses on Industrial Air Compressor market analysis on a global scale, and market sizing includes the income generated by these solutions provided by different market players. To support the market projections and growth rates over the anticipated 2022-2030, the study monitors essential market factors, underlying growth influencers, and significant vendors active in the sector. The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by product, technology, end-user, output, coolant type, and geography.
| Feature of the Report | Details |
| Market Size in 2021 | USD 34 Billion |
| Projected Market Size in 2030 | USD 63 Billion |
| Market Size in 2022 | USD 37 billion |
| CAGR Growth Rate | 7% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Ariel Corporation, IHI Corporation Ltd, Howden Group Ltd., Kaeser Kompressoren Co. Ltd., Mayekawa Mfg. Co. LTD, Kobe Steel Ltd, Mikuni Kikai Kogyo Co. LTD., Mitsui E&S Holdings Co. Ltd, Parker Hannifin Corporation, The Japan Steel Works LTD., Siemens AG, Hitachi Ltd, Ingersoll Rand Inc., Mitsubishi Heavy Industries Ltd., Elgi Equipments, Sulzer Ltd., Danfoss A/S, and Others |
| Key Segment | By Product, Technology, Output, End-us, Coolant Type, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Market Dynamics
- During the forecast period, it is predicted that the market growth will be driven by the increase in demand for industrial air compressors from the oil & gas industry and the rising demand for energy-efficient industrial air compressors. Even if alternative energy sources have made significant progress, the market demand for oil and products derived from it rises with the global population. To maintain a competitive edge, industrial air and gas compressors have consequently evolved to focus on lower energy needs, increased speed, and improved resistance to harsh drilling environments. These innovations have made them indispensable for maintaining the proper pressure levels for these operations. Large and small businesses today rely significantly on industrial compressors in the oil and gas industry.
- Furthermore, energy-efficient compressed air solutions are growing in popularity with a focus on energy costs and rising greenhouse gas (GHG) emissions. The “2030 Climate Target Plan” initiative by the European Union to cut GHG emissions by roughly 55% from 2020. Due to the simple and secure production of compressed industrial air, compressors are expanding in several industrial applications.
- According to the U.S. Department of Energy, 50% of industrial plant systems offer significant room for energy savings and relatively low project costs. To save energy, compressed air systems require careful maintenance and close observation. As a result, compressed air systems are more dependable, and pneumatic instrument life cycles are extended. The government’s increasingly stringent regulations on greenhouse gas emissions and noise pollution are just two problems that are preventing the industrial air compressor business from expanding.
- Industries are developing more quickly in many places as the world grows more urbanized. Demand has increased across various industries, particularly in emerging nations, including food and beverage, manufacturing, semiconductors, electronics, etc. These sectors frequently use centrifugal air compressors because they deliver enormous volumes of air at a reasonable price. Additionally, it has a longer operating lifespan, lowering the number of capital investments. Several developing nations have increased their industrial and economic growth, particularly in Asia-Pacific and Africa. The demand for industrial air compressors is also growing due to government initiatives to support industrial automation and a focus on industrial automation for efficient resource use.
Asia Pacific Led the Industrial Air Compressor Market
- The highest revenue share was in Asia Pacific. The growth of the local industrial sector, especially the automotive and food & beverage industries, as well as rising investments in mining and LNG, are propelling the regional market forward. For the region to meet its energy needs while adhering to decarbonization policies, investments in the hydrogen and green energy sectors have increased significantly.
- Market growth is driven by the demand for air compressors in various sectors, including the food and beverage industry, manufacturing, home appliances, and the oil and gas industry. Additionally, a variety of producers and Taiwan’s sizable industrial base for producing electronics and semiconductors are projected to fuel market expansion.
- Due to the rising demand for petrochemical/chemical goods in these nations, India and China are implementing industrial air compressors in petrochemical and oil & gas plants. Planning for rapid urbanization and infrastructure development is accelerating in APAC, and this trend is expected to last throughout the projected period. It is anticipated that these operations will increase demand for industrial air compressors.
Competitive Landscape
The global industrial air compressor market is relatively consolidated, with many producers dispersed across all continents.
Our market analysis includes a section specifically devoted to key players operating in the Industrial Air Compressor market. Our analysts overview each player’s financial statements, product benchmarking, and SWOT analysis. In addition, the competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.
- 2022: The hydraulic drive air compressor from Martin Industries and Parker Hydraulics is displayed. This air compressor maintains 4 gallons of flow at a pressure between 110 and 160 PSI and is simple to mount and connect. The air compressor may be switched on as needed to maintain pressure using a simple pressure monitoring system, eliminating the need for extra electronics.
- 2022: North Pacific Industrial Coatings (Coatings), a commercial painting business located in Kent, Washington, chose an EG200V-125 to support its blasting and painting operations, according to news released by ELGi North America, a prominent air compressor manufacturer. The new ELGi compressor will give the business a dependable compressed air source and may save 100,000 kW annually.
Regional Overview
Due to government investments in infrastructure development and fast industrialization, Asia Pacific will hold more than 30% market share in 2021. Air compressors are employed in numerous applications that promote industrial growth and those related to the food and beverage, manufacturing, home appliance, and oil and gas sectors. The market is anticipated to be driven by a sizable electronics and semiconductor manufacturing industry base in China and Taiwan and several compressor manufacturers in India and China. Growth in North America and Europe is anticipated to be steady during the projection period. However, it is expected that rising investments in Eastern Europe would accelerate the development of industrial air compressors. Additionally, the market will grow as a result of consumers’ increasing preference for items that are simple to use and low-energy.
Prominent Players:
- Ariel Corporation
- IHI Corporation Ltd
- Howden Group Ltd.
- Kaeser Kompressoren Co. Ltd.
- Mayekawa Mfg. Co. LTD
- Kobe Steel Ltd
- Mikuni Kikai Kogyo Co. LTD.
- Mitsui E&S Holdings Co. Ltd
- Parker Hannifin Corporation
- The Japan Steel Works LTD.
- Siemens AG
- Hitachi Ltd
- Ingersoll Rand Inc.
- Mitsubishi Heavy Industries Ltd.
- Elgi Equipments
- Sulzer Ltd.
- Danfoss A/S
The global Industrial Air Compressor market is segmented as follows:
By Product
- Portable
- Stationary
By Technology
- Rotary
- Centrifugal
- Reciprocating
By Output
- Up to 15 kW
- 16 – 75 kW
- 75 – 500 kW
- More than 500 kW
By End-use
- Food & beverage
- Energy & Mining
- Agriculture/Farming
- Oil & gas
- Semiconductor & electronics
- Construction & municipal
- Manufacturing
- Pharma
- Others
By Coolant Type
- Air-Cooled
- Water-Cooled
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Industrial Air Compressor Market, (2022 – 2030) (USD Billion)
- 2.2 Global Industrial Air Compressor Market : snapshot
- Chapter 3. Global Industrial Air Compressor Market – Industry Analysis
- 3.1 Industrial Air Compressor Market: Market Dynamics
- 3.2 Market Drivers
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product
- 3.7.2 Market attractiveness analysis By Technology
- 3.7.3 Market attractiveness analysis By Output
- 3.7.4 Market attractiveness analysis By End-use
- 3.7.5 Market attractiveness analysis By Coolant Type
- Chapter 4. Global Industrial Air Compressor Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Industrial Air Compressor Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Industrial Air Compressor Market – Product Analysis
- 5.1 Global Industrial Air Compressor Market overview: By Product
- 5.1.1 Global Industrial Air Compressor Market share, By Product, 2021 and 2030
- 5.2 Portable
- 5.2.1 Global Industrial Air Compressor Market by Portable, 2022 – 2030 (USD Billion)
- 5.3 Stationary
- 5.3.1 Global Industrial Air Compressor Market by Stationary, 2022 – 2030 (USD Billion)
- 5.1 Global Industrial Air Compressor Market overview: By Product
- Chapter 6. Global Industrial Air Compressor Market – Technology Analysis
- 6.1 Global Industrial Air Compressor Market overview: By Technology
- 6.1.1 Global Industrial Air Compressor Market share, By Technology, 2021 and 2030
- 6.2 Rotary
- 6.2.1 Global Industrial Air Compressor Market by Rotary, 2022 – 2030 (USD Billion)
- 6.3 Centrifugal
- 6.3.1 Global Industrial Air Compressor Market by Centrifugal, 2022 – 2030 (USD Billion)
- 6.4 Reciprocating
- 6.4.1 Global Industrial Air Compressor Market by Reciprocating, 2022 – 2030 (USD Billion)
- 6.1 Global Industrial Air Compressor Market overview: By Technology
- Chapter 7. Global Industrial Air Compressor Market – Output Analysis
- 7.1 Global Industrial Air Compressor Market overview: By Output
- 7.1.1 Global Industrial Air Compressor Market share, By Output, 2021 and 2030
- 7.2 Up to 15 kW
- 7.2.1 Global Industrial Air Compressor Market by Up to 15 kW, 2022 – 2030 (USD Billion)
- 7.3 16 – 75 kW
- 7.3.1 Global Industrial Air Compressor Market by 16 – 75 kW, 2022 – 2030 (USD Billion)
- 7.4 75 – 500 kW
- 7.4.1 Global Industrial Air Compressor Market by 75 – 500 kW, 2022 – 2030 (USD Billion)
- 7.5 More than 500 kW
- 7.5.1 Global Industrial Air Compressor Market by More than 500 kW, 2022 – 2030 (USD Billion)
- 7.1 Global Industrial Air Compressor Market overview: By Output
- Chapter 8. Global Industrial Air Compressor Market – End-use Analysis
- 8.1 Global Industrial Air Compressor Market overview: By End-use
- 8.1.1 Global Industrial Air Compressor Market share, By End-use, 2021 and 2030
- 8.2 Food & beverage
- 8.2.1 Global Industrial Air Compressor Market by Food & beverage, 2022 – 2030 (USD Billion)
- 8.3 Energy & Mining
- 8.3.1 Global Industrial Air Compressor Market by Energy & Mining, 2022 – 2030 (USD Billion)
- 8.4 Agriculture/Farming
- 8.4.1 Global Industrial Air Compressor Market by Agriculture/Farming, 2022 – 2030 (USD Billion)
- 8.5 Oil & gas
- 8.5.1 Global Industrial Air Compressor Market by Oil & gas, 2022 – 2030 (USD Billion)
- 8.6 Semiconductor & electronics
- 8.6.1 Global Industrial Air Compressor Market by Semiconductor & electronics, 2022 – 2030 (USD Billion)
- 8.7 Construction & municipal
- 8.7.1 Global Industrial Air Compressor Market by Construction & municipal, 2022 – 2030 (USD Billion)
- 8.8 Manufacturing
- 8.8.1 Global Industrial Air Compressor Market by Manufacturing, 2022 – 2030 (USD Billion)
- 8.9 Pharma
- 8.9.1 Global Industrial Air Compressor Market by Pharma, 2022 – 2030 (USD Billion)
- 8.10 Others
- 8.10.1 Global Industrial Air Compressor Market by Others, 2022 – 2030 (USD Billion)
- 8.1 Global Industrial Air Compressor Market overview: By End-use
- Chapter 9. Global Industrial Air Compressor Market – Coolant Type Analysis
- 9.1 Global Industrial Air Compressor Market overview: By Coolant Type
- 9.1.1 Global Industrial Air Compressor Market share, By Coolant Type, 2021 and 2030
- 9.2 Air-Cooled
- 9.2.1 Global Industrial Air Compressor Market by Air-Cooled, 2022 – 2030 (USD Billion)
- 9.3 Water-Cooled
- 9.3.1 Global Industrial Air Compressor Market by Water-Cooled, 2022 – 2030 (USD Billion)
- 9.1 Global Industrial Air Compressor Market overview: By Coolant Type
- Chapter 10. Industrial Air Compressor Industry – Regional Analysis
- 10.1 Global Industrial Air Compressor Industry Regional Overview
- 10.2 Global Industrial Air Compressor Industry Share, by Region, 2021 & 2030 (USD Billion)
- 10.3. North America
- 10.3.1 North America Industrial Air Compressor Industry, 2022 – 2030 (USD Billion)
- 10.3.1.1 North America Industrial Air Compressor Industry, by Country, 2022 – 2030 (USD Billion)
- 10.3.1 North America Industrial Air Compressor Industry, 2022 – 2030 (USD Billion)
- 10.4 North America Industrial Air Compressor Industry, by Product, 2022 – 2030
- 10.4.1 North America Industrial Air Compressor Industry, by Product, 2022 – 2030 (USD Billion)
- 10.5 North America Industrial Air Compressor Industry, by Technology, 2022 – 2030
- 10.5.1 North America Industrial Air Compressor Industry, by Technology, 2022 – 2030 (USD Billion)
- 10.6 North America Industrial Air Compressor Industry, by Output, 2022 – 2030
- 10.6.1 North America Industrial Air Compressor Industry, by Output, 2022 – 2030 (USD Billion)
- 10.7 North America Industrial Air Compressor Industry, by End-use, 2022 – 2030
- 10.7.1 North America Industrial Air Compressor Industry, by End-use, 2022 – 2030 (USD Billion)
- 10.8 North America Industrial Air Compressor Industry, by Coolant Type, 2022 – 2030
- 10.8.1 North America Industrial Air Compressor Industry, by Coolant Type, 2022 – 2030 (USD Billion)
- 10.9. Europe
- 10.9.1 Europe Industrial Air Compressor Industry, 2022 – 2030 (USD Billion)
- 10.9.1.1 Europe Industrial Air Compressor Industry, by Country, 2022 – 2030 (USD Billion)
- 10.9.1 Europe Industrial Air Compressor Industry, 2022 – 2030 (USD Billion)
- 10.10 Europe Industrial Air Compressor Industry, by Product, 2022 – 2030
- 10.10.1 Europe Industrial Air Compressor Industry, by Product, 2022 – 2030 (USD Billion)
- 10.11 Europe Industrial Air Compressor Industry, by Technology, 2022 – 2030
- 10.11.1 Europe Industrial Air Compressor Industry, by Technology, 2022 – 2030 (USD Billion)
- 10.12 Europe Industrial Air Compressor Industry, by Output, 2022 – 2030
- 10.12.1 Europe Industrial Air Compressor Industry, by Output, 2022 – 2030 (USD Billion)
- 10.13 Europe Industrial Air Compressor Industry, by End-use, 2022 – 2030
- 10.13.1 Europe Industrial Air Compressor Industry, by End-use, 2022 – 2030 (USD Billion)
- 10.14 Europe Industrial Air Compressor Industry, by Coolant Type, 2022 – 2030
- 10.14.1 Europe Industrial Air Compressor Industry, by Coolant Type, 2022 – 2030 (USD Billion)
- 10.15. Asia Pacific
- 10.15.1 Asia Pacific Industrial Air Compressor Industry, 2022 – 2030 (USD Billion)
- 10.15.1.1 Asia Pacific Industrial Air Compressor Industry, by Country, 2022 – 2030 (USD Billion)
- 10.15.1 Asia Pacific Industrial Air Compressor Industry, 2022 – 2030 (USD Billion)
- 10.16 Asia Pacific Industrial Air Compressor Industry, by Product, 2022 – 2030
- 10.16.1 Asia Pacific Industrial Air Compressor Industry, by Product, 2022 – 2030 (USD Billion)
- 10.17 Asia Pacific Industrial Air Compressor Industry, by Technology, 2022 – 2030
- 10.17.1 Asia Pacific Industrial Air Compressor Industry, by Technology, 2022 – 2030 (USD Billion)
- 10.18 Asia Pacific Industrial Air Compressor Industry, by Output, 2022 – 2030
- 10.18.1 Asia Pacific Industrial Air Compressor Industry, by Output, 2022 – 2030 (USD Billion)
- 10.19 Asia Pacific Industrial Air Compressor Industry, by End-use, 2022 – 2030
- 10.19.1 Asia Pacific Industrial Air Compressor Industry, by End-use, 2022 – 2030 (USD Billion)
- 10.20 Asia Pacific Industrial Air Compressor Industry, by Coolant Type, 2022 – 2030
- 10.20.1 Asia Pacific Industrial Air Compressor Industry, by Coolant Type, 2022 – 2030 (USD Billion)
- 10.21. Latin America
- 10.21.1 Latin America Industrial Air Compressor Industry, 2022 – 2030 (USD Billion)
- 10.21.1.1 Latin America Industrial Air Compressor Industry, by Country, 2022 – 2030 (USD Billion)
- 10.21.1 Latin America Industrial Air Compressor Industry, 2022 – 2030 (USD Billion)
- 10.22 Latin America Industrial Air Compressor Industry, by Product, 2022 – 2030
- 10.22.1 Latin America Industrial Air Compressor Industry, by Product, 2022 – 2030 (USD Billion)
- 10.23 Latin America Industrial Air Compressor Industry, by Technology, 2022 – 2030
- 10.23.1 Latin America Industrial Air Compressor Industry, by Technology, 2022 – 2030 (USD Billion)
- 10.24 Latin America Industrial Air Compressor Industry, by Output, 2022 – 2030
- 10.24.1 Latin America Industrial Air Compressor Industry, by Output, 2022 – 2030 (USD Billion)
- 10.25 Latin America Industrial Air Compressor Industry, by End-use, 2022 – 2030
- 10.25.1 Latin America Industrial Air Compressor Industry, by End-use, 2022 – 2030 (USD Billion)
- 10.26 Latin America Industrial Air Compressor Industry, by Coolant Type, 2022 – 2030
- 10.26.1 Latin America Industrial Air Compressor Industry, by Coolant Type, 2022 – 2030 (USD Billion)
- 10.27. The Middle-East and Africa
- 10.27.1 The Middle-East and Africa Industrial Air Compressor Industry, 2022 – 2030 (USD Billion)
- 10.27.1.1 The Middle-East and Africa Industrial Air Compressor Industry, by Country, 2022 – 2030 (USD Billion)
- 10.27.1 The Middle-East and Africa Industrial Air Compressor Industry, 2022 – 2030 (USD Billion)
- 10.28 The Middle-East and Africa Industrial Air Compressor Industry, by Product, 2022 – 2030
- 10.28.1 The Middle-East and Africa Industrial Air Compressor Industry, by Product, 2022 – 2030 (USD Billion)
- 10.29 The Middle-East and Africa Industrial Air Compressor Industry, by Technology, 2022 – 2030
- 10.29.1 The Middle-East and Africa Industrial Air Compressor Industry, by Technology, 2022 – 2030 (USD Billion)
- 10.30 The Middle-East and Africa Industrial Air Compressor Industry, by Output, 2022 – 2030
- 10.30.1 The Middle-East and Africa Industrial Air Compressor Industry, by Output, 2022 – 2030 (USD Billion)
- 10.31 The Middle-East and Africa Industrial Air Compressor Industry, by End-use, 2022 – 2030
- 10.31.1 The Middle-East and Africa Industrial Air Compressor Industry, by End-use, 2022 – 2030 (USD Billion)
- 10.32 The Middle-East and Africa Industrial Air Compressor Industry, by Coolant Type, 2022 – 2030
- 10.32.1 The Middle-East and Africa Industrial Air Compressor Industry, by Coolant Type, 2022 – 2030 (USD Billion)
- Chapter 11. Company Profiles
- 11.1 Ariel Corporation
- 11.1.1 Overview
- 11.1.2 Financials
- 11.1.3 Product Portfolio
- 11.1.4 Business Strategy
- 11.1.5 Recent Developments
- 11.2 IHI Corporation Ltd
- 11.2.1 Overview
- 11.2.2 Financials
- 11.2.3 Product Portfolio
- 11.2.4 Business Strategy
- 11.2.5 Recent Developments
- 11.3 Howden Group Ltd.
- 11.3.1 Overview
- 11.3.2 Financials
- 11.3.3 Product Portfolio
- 11.3.4 Business Strategy
- 11.3.5 Recent Developments
- 11.4 Kaeser Kompressoren Co. Ltd.
- 11.4.1 Overview
- 11.4.2 Financials
- 11.4.3 Product Portfolio
- 11.4.4 Business Strategy
- 11.4.5 Recent Developments
- 11.5 Mayekawa Mfg. Co. LTD
- 11.5.1 Overview
- 11.5.2 Financials
- 11.5.3 Product Portfolio
- 11.5.4 Business Strategy
- 11.5.5 Recent Developments
- 11.6 Kobe Steel Ltd
- 11.6.1 Overview
- 11.6.2 Financials
- 11.6.3 Product Portfolio
- 11.6.4 Business Strategy
- 11.6.5 Recent Developments
- 11.7 Mikuni Kikai Kogyo Co. LTD.
- 11.7.1 Overview
- 11.7.2 Financials
- 11.7.3 Product Portfolio
- 11.7.4 Business Strategy
- 11.7.5 Recent Developments
- 11.8 Mitsui E&S Holdings Co. Ltd
- 11.8.1 Overview
- 11.8.2 Financials
- 11.8.3 Product Portfolio
- 11.8.4 Business Strategy
- 11.8.5 Recent Developments
- 11.9 Parker Hannifin Corporation
- 11.9.1 Overview
- 11.9.2 Financials
- 11.9.3 Product Portfolio
- 11.9.4 Business Strategy
- 11.9.5 Recent Developments
- 11.10 The Japan Steel Works LTD.
- 11.10.1 Overview
- 11.10.2 Financials
- 11.10.3 Product Portfolio
- 11.10.4 Business Strategy
- 11.10.5 Recent Developments
- 11.11 Siemens AG
- 11.11.1 Overview
- 11.11.2 Financials
- 11.11.3 Product Portfolio
- 11.11.4 Business Strategy
- 11.11.5 Recent Developments
- 11.12 Hitachi Ltd
- 11.12.1 Overview
- 11.12.2 Financials
- 11.12.3 Product Portfolio
- 11.12.4 Business Strategy
- 11.12.5 Recent Developments
- 11.13 Ingersoll Rand Inc.
- 11.13.1 Overview
- 11.13.2 Financials
- 11.13.3 Product Portfolio
- 11.13.4 Business Strategy
- 11.13.5 Recent Developments
- 11.14 Mitsubishi Heavy Industries Ltd.
- 11.14.1 Overview
- 11.14.2 Financials
- 11.14.3 Product Portfolio
- 11.14.4 Business Strategy
- 11.14.5 Recent Developments
- 11.15 Elgi Equipments
- 11.15.1 Overview
- 11.15.2 Financials
- 11.15.3 Product Portfolio
- 11.15.4 Business Strategy
- 11.15.5 Recent Developments
- 11.16 Sulzer Ltd.
- 11.16.1 Overview
- 11.16.2 Financials
- 11.16.3 Product Portfolio
- 11.16.4 Business Strategy
- 11.16.5 Recent Developments
- 11.17 Danfoss A/S
- 11.17.1 Overview
- 11.17.2 Financials
- 11.17.3 Product Portfolio
- 11.17.4 Business Strategy
- 11.17.5 Recent Developments
- 11.1 Ariel Corporation
List Of Figures
Figures No 1 to 40
List Of Tables
Tables No 1 to 127
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
|
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Players:
- Ariel Corporation
- IHI Corporation Ltd
- Howden Group Ltd.
- Kaeser Kompressoren Co. Ltd.
- Mayekawa Mfg. Co. LTD
- Kobe Steel Ltd
- Mikuni Kikai Kogyo Co. LTD.
- Mitsui E&S Holdings Co. Ltd
- Parker Hannifin Corporation
- The Japan Steel Works LTD.
- Siemens AG
- Hitachi Ltd
- Ingersoll Rand Inc.
- Mitsubishi Heavy Industries Ltd.
- Elgi Equipments
- Sulzer Ltd.
- Danfoss A/S
- Others
FAQs
“Asia Pacific” region will lead the global Industrial Air Compressor market during the forecast period 2022 to 2030.
The key factors driving the market is increasing demand for a variety of industries, such as food and beverages, manufacturing, semiconductors, electronics, and so on, has expanded, particularly in emerging countries.
The key players operating in the Industrial Air Compressor market are Ariel Corporation, IHI Corporation Ltd, Howden Group Ltd., Kaeser Kompressoren Co. Ltd., Mayekawa Mfg. Co. LTD, Kobe Steel Ltd, Mikuni Kikai Kogyo Co. LTD., Mitsui E&S Holdings Co. Ltd, Parker Hannifin Corporation, The Japan Steel Works LTD., Siemens AG, Hitachi Ltd, Ingersoll Rand Inc., Mitsubishi Heavy Industries Ltd., Elgi Equipments, Sulzer Ltd., Danfoss A/S
The global Industrial Air Compressor market is expanding growth with a CAGR of approximately 7% during the forecast period (2022 to 2030).
The global Industrial Air Compressor market size was valued at USD 34 Billion in 2021 and it is projected to reach around USD 63 Billion by 2030.