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Global Air & Gas Compressor Market to reach USD 42.90 billion by the end of 2029.

Global Air & Gas Compressor Market Size study & Forecast, by Type (Stationary, Portable), By Application (Manufacturing, Oil & Gas, Power Sector, Petrochemical and Chemical Industry, Others), and Regional Analysis, 2022-2029

Product Code: OIRIME-72005405
Publish Date: 1-04-2023
Page: 200

Global Air & Gas Compressor Market is valued at approximately USD 31.04 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.13% over the forecast period 2022-2029. Compressors for air or gas are used to pump the substance into the required location. Air and gas are utilized in a wide variety of industrial operations, including petrochemical production, gas processing, and air gas feeds and gas bottling. The oil-free and oil-lubricated gas compressors are truly multi-taskers. The range includes high flow rates up to 10,000 m3/h (5885 cfm), with maximum output pressures of 480 bar (6962 psi). There are different types of gas compressors that offer oil-less, oil-free, and oil-lubricated designs and allow complete control over gas purity levels. The development of portable compressors that are energy-efficient is anticipated to be extensively used across a wide range of industrial activities, driving the expansion of the air and gas compressor market.

In addition, the rising use of variable-speed systems, low maintenance costs, effective operation, and retrofitting for existing systems, among other factors, are driving up demand for air and gas compressors market. The demand for industrial air compressors is being driven by government initiatives to promote industrial automation as well as an emphasis on industrial automation for the best resource utilization. These air compressors can be used to power conveyors, packaging, automation equipment, and pneumatic tools. According to Statista, in 2022, an estimated 4.1 billion tons of cement would have been produced worldwide, in 2021, the market for pulp and paper was estimated to be worth 351.53 billion USD. From 2022 to 2029, the market is anticipated to increase at a compound annual growth rate (CAGR) of 0.72 per cent, reaching a value of around 373 billion dollars. Furthermore, the demand for air compressors is anticipated to increase as non-oil and gas-based projects are subsequently introduced and continuous industry investments are made which brings opportunities for the growth of market in coming years. However, concerns regarding air pollution have arisen as the number of petrol compressor stations has expanded. As a result, it is routine practice to evaluate the impact of air and gas compressors using air monitoring devices over the forecast period of 2022-2029.

The key regions considered for the Global Air & Gas Compressor Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the growth in the government’s ongoing investments in infrastructure expansion and the area’s quick industrialization. The consumer’s shifting preferences for simple-to-use and energy-efficient products are also anticipated to fuel the expansion of the air and gas compressor industry. Whereas, North America is also expected to grow at the highest growth rate over the forecasting period. Factors such as increasing all-time high investment, renewed exploring efforts, the abundance of shale gas, and expanding pipeline and LNG terminal capacity for the transportation of natural gas are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Atlas Copco Group
Ingersoll Rand
Doosan Infracore (Doosan portable power)
Hitachi Ltd.
Kobe Steel Ltd.
BOGE Kompressoren Otto Boge GmbH & Co. KG
Mitsubishi Heavy Industries Ltd.
Aerzener Maschinenfabrik GmbH
Hubei Teweite Power Technology Co., Ltd.
ELGI Equipments Ltd.

Recent Developments in the Market:
 In Feb 2022, The Atlas Copco WEDA submersible pumps supplied exclusively in Mexico by Proveedora de Bombas, Motores y Compresores. With the help of this contract, the business was able to offer its clients premium submersible pumps that guarantee maximum effectiveness and performance.
 In Feb 2022, Ingersoll Rand Inc., a global provider of mission-critical flow creation and industrial solutions, acquired Houdstermaatschappij Jorc B.V., and will provide customers with end-to-end solutions and superior strategies for the business.
 In June 2021, Doosan Infracore (Doosan Portable Power), launched their exclusive Evolution Series portable air compressors. Significant technological advancements for Doosan portable air compressors have been made with these new devices. Doosan FlexAir technology, a novel feature that enables operators to modify air pressure to a broad psi range, is present in three of the four models of this new line. The Doosan Evolution Series P185-HP150WDO-T4F and XP185-VHP165WDO-T4F are two of the new models featuring Doosan FlexAir technology that falls into the 185 cfm category.
Global Air & Gas Compressor Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By Application:
Oil & Gas
Power Sector
Petrochemical and Chemical Industry

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Air & Gas Compressor Market, by Region, 2019-2029 (USD Billion)
1.2.2. Air & Gas Compressor Market, by Type, 2019-2029 (USD Billion)
1.2.3. Air & Gas Compressor Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Air & Gas Compressor Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Air & Gas Compressor Market Dynamics
3.1. Air & Gas Compressor Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Emerging economies are experiencing rapid industrialization. Government initiatives to promote industrial automation. Utilization of energy-efficient portable compressors.
3.1.2. Market Challenges Increased number of air compressor stations leading to air pollution.
3.1.3. Market Opportunities Increasing investments towards the development of air compressors. Higher developments and recent advancements towards non-oil and gas-based projects.
Chapter 4. Global Air & Gas Compressor Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Air & Gas Compressor Market, by Type
6.1. Market Snapshot
6.2. Global Air & Gas Compressor Market by Type, Performance – Potential Analysis
6.3. Global Air & Gas Compressor Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Air & Gas Compressor Market, Sub Segment Analysis
6.4.1. Stationary
6.4.2. Portable
Chapter 7. Global Air & Gas Compressor Market, by Application
7.1. Market Snapshot
7.2. Global Air & Gas Compressor Market by Application, Performance – Potential Analysis
7.3. Global Air & Gas Compressor Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Air & Gas Compressor Market, Sub Segment Analysis
7.4.1. Manufacturing
7.4.2. Oil & Gas
7.4.3. Power Sector
7.4.4. Petrochemical and Chemical Industry
7.4.5. Others.
Chapter 8. Global Air & Gas Compressor Market, Regional Analysis
8.1. Air & Gas Compressor Market, Regional Market Snapshot
8.2. North America Air & Gas Compressor Market
8.2.1. U.S. Air & Gas Compressor Market Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Air & Gas Compressor Market
8.3. Europe Air & Gas Compressor Market Snapshot
8.3.1. U.K. Air & Gas Compressor Market
8.3.2. Germany Air & Gas Compressor Market
8.3.3. France Air & Gas Compressor Market
8.3.4. Spain Air & Gas Compressor Market
8.3.5. Italy Air & Gas Compressor Market
8.3.6. Rest of Europe Air & Gas Compressor Market
8.4. Asia-Pacific Air & Gas Compressor Market Snapshot
8.4.1. China Air & Gas Compressor Market
8.4.2. India Air & Gas Compressor Market
8.4.3. Japan Air & Gas Compressor Market
8.4.4. Australia Air & Gas Compressor Market
8.4.5. South Korea Air & Gas Compressor Market
8.4.6. Rest of Asia Pacific Air & Gas Compressor Market
8.5. Latin America Air & Gas Compressor Market Snapshot
8.5.1. Brazil Air & Gas Compressor Market
8.5.2. Mexico Air & Gas Compressor Market
8.5.3. Rest of Latin America Air & Gas Compressor Market
8.6. Rest of The World Air & Gas Compressor Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Atlas Copco Group Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Ingersoll Rand
9.2.3. Doosan Infracore (Doosan portable power)
9.2.4. Hitachi Ltd.
9.2.5. Kobe Steel Ltd.
9.2.6. BOGE Kompressoren Otto Boge GmbH & Co. KG
9.2.7. Mitsubishi Heavy Industries Ltd.
9.2.8. Aerzener Maschinenfabrik GmbH
9.2.9. Hubei Teweite Power Technology Co., Ltd.
9.2.10. ELGI Equipments Ltd.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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