Why Industrial Air Compressor Market Reach to $34.87
Billion till 2021 with Rapid Growth?
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.
Browse 86 market data Tables and 59 Figures spread through 171 Pages and in-depth TOC
on "Industrial Air Compressor Market - Global Forecast to 2021"
Positive displacement compressors to dominate the market during the forecast period
Positive displacement compressors are expected to hold a larger share of the market by product
type in the industrial air compressor market. Growing demand for high output pressure
compressors is likely to be the major driving factor. Reciprocating and rotary are the two types of
technologies available in positive displacement compressors. Rotary compressors have low
maintenance cost and are more efficient compared to reciprocating compressors but are only
available in the low to medium output pressure range. The market for rotary compressors is
expected to grow at the highest rate among other compressor technologies during the for ecast
period due to their wide range of applications and high efficiency.
Oil & Gas industry to hold the largest share in the industrial air compressor market from
2016 to 2021
The oil & gas industry is the largest contributor to the industrial air compres sor market, and also
acts as a key driver of the market. Though upstream investments have witnessed a sharp fall in
the last two years, large investments are planned to construct gas liquefaction trains in the U.S.
and Australia. Moreover, China and India are expanding their regasification facilities. New cross
border pipeline networks being planned for oil & gas transportation which would also drive the
compressor market. The industrial air compressor market is driven by the rapid industrialization
of emerging economies such as China, Saudi Arabia, India, South Africa, and other South Asian
countries. Furthermore, the demand for advanced and efficient compressors has boosted the
demand for air compressors in several manufacturing industries.