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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:
Stationary
Portable

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

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
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
3.1.1.1. Emerging economies are experiencing rapid industrialization.
3.1.1.2. Government initiatives to promote industrial automation.
3.1.1.3. Utilization of energy-efficient portable compressors.
3.1.2. Market Challenges
3.1.2.1. Increased number of air compressor stations leading to air pollution.
3.1.3. Market Opportunities
3.1.3.1. Increasing investments towards the development of air compressors.
3.1.3.2. 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
8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
8.2.1.2. 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
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. 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

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Market driving trends and favorable economic conditions
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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.
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