Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 35.79 Billion | USD 53.74 Billion | 4.62% | 2023 |
The global industrial air compressor market size was worth around USD 35.79 Billion in 2023 and is predicted to grow to around USD 53.74 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.62% between 2024 and 2032. The report analyzes the global industrial air compressor market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the industrial air compressor industry.
In order to give the users of this report a comprehensive view of the industrial air compressor market, we have included a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the industrial air compressor market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Industrial Air Compressor Market: Segmentation Analysis
The industrial air compressor market is segmented based on type, pressure, output power, seal, end-use, and region. The regional segment includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further classification into major countries including the U.S., Canada, Mexico, France, UK, Germany, China, Japan, India, Brazil, Argentina, Saudi Arabia, UAE, and South Africa.
Report Attributes | Report Details |
---|---|
Report Name | Industrial Air Compressor Market |
Market Size in 2023 | USD 35.79 Billion |
Market Forecast in 2032 | USD 53.74 Billion |
Growth Rate | CAGR of 4.62% |
Number of Pages | 210 |
Key Companies Covered | Atlas Copco, BOGE Kompressoren, Gardner Denver, Ingersoll-Rand, Mitsubishi Heavy Industries, Doosan Infracore, Elliott Group, GE Oil & Gas, Hitachi, Siemens, and Sulzer |
Segments Covered | By Type, By Pressure, By Output Power, By Seal, By End-Use and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Some of the major players in the global industrial air compressor market include:
The global industrial air compressor market is segmented as follows;
Industrial Air Compressor Market: Type Analysis
Industrial Air Compressor Market: Pressure Analysis
Industrial Air Compressor Market: Output Power Analysis
Industrial Air Compressor Market: Seal Analysis
Industrial Air Compressor Market: End-Use Analysis
Industrial Air Compressor Market: Regional Analysis
FrequentlyAsked Questions
An industrial air compressor is a machine that converts electrical or mechanical power into compressed air. It increases the pressure of air by reducing its volume, creating a versatile energy source for various industrial applications. Compressed air is essential for powering pneumatic tools, operating machinery, and driving industrial processes.
According to a study, the global industrial air compressor market size was worth around USD 35.79 billion in 2023 and is expected to reach USD 53.74 billion by 2032.
The global industrial air compressor market is expected to grow at a CAGR of 4.62% during the forecast period.
North America is expected to dominate the industrial air compressor market over the forecast period.
Leading players in the global industrial air compressor market include Atlas Copco, BOGE Kompressoren, Gardner Denver, Ingersoll-Rand, Mitsubishi Heavy Industries, Doosan Infracore, Elliott Group, GE Oil & Gas, Hitachi, Siemens, and Sulzer, among others.
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