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.
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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
The industrial air compressors are used to increase pressure by converting power into potential energy, which is stored as pressurized air. This pressurized air is used to power pneumatic tools, to compress gas for transport, cutting & welding, packaging, cooling and freezing, among other applications. This has led to the increasing installation of air compressors across industries.
The positive displacement air compressor segment is estimated to dominate the industrial air compressor market, by product type. The demand for positive displacement air compressors is fueled by its wide range of application and the growing demand for air and gas compression across industries. Significant investments are being made across the world to improve cross border oil & gas transportation network, rapid industrialization in emerging economies, and high demand for processed food are also likely to be among the major driving factors.
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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