The report "Industrial Air Compressor Market by Type (Positive Displacement & Dynamic), Maximum Pressure (0–20 bar, 20–100 bar & above), Output Power (0–50 kW, 50–250 kW, 250–500 kW & above), Seal (Oil immersed & Oil free), End-Use - Global Forecast to 2021", The industrial air compressor market is projected to grow from an estimated USD 25.71 Billion in 2016 to USD 34.87 Billion by 2021, at a CAGR of 6.3%. Expansion of liquefaction and regasification facilities across globe, rising demand for energy efficient compressors, and rapid industrialization in emerging economies are the key driving factors for industrial air compressors.
The report also provides an in-depth analysis of the competitive landscape, along with profiles of leading industrial air compressor market players such as Atlas Copco AB (Sweden), Mitsubishi Heavy Industries, Ltd. (Japan), Ingersoll-Rand plc (Ireland), Hitachi Ltd (Japan), and MAN SE (Germany). Key players are trying to penetrate emerging markets, and are adopting various strategies such as contracts and agreements, expansions, mergers & acquisitions, and new product launches to increase their market share.
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Objectives of the Study
• To define, describe, and forecast the global industrial air compressor market by product type, maximum pressure, output power, seal type, end-user, and region
• To provide detailed information regarding major factors influencing the growth of the industrial air compressor market (drivers, restraints, opportunities, industry-specific challenges related to the market)
• To strategically analyze the industrial air compressor market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the industrial air compressor market
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global industrial air compressor market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain.
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Scope of the Report:
• By Product Type
o Positive Displacement
o Dynamic
• By Seal Type
o Oil-Immersed
o Oil Free
• By Maximum Pressure
o 0-20 Bar
o 20-100 Bar
o Above 100 Bar
• By Output Power
o 0-50 kW
o 50-250 kW
o 250-500 kW
o Above 500 kW
• By End-User
o Manufacturing
o Power Generation
o Oil & Gas
o Food & Beverages
o Chemicals & Petrochemicals
o Others
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Asia-Pacific industrial air compressor market to witness the highest growth from 2016 to 2021
The report covers five major regions namely, Asia-Pacific, Europe, the Middle East and Africa, North America, and South America. The Asia-Pacific region is expected to witness high growth in the power generation, manufacturing, and food & beverages industries from 2016 to 2021. Moreover, new policies for improved product quality by ISO (International Standardization Organization) are likely to boost demand for air compressors.
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