Global Compressor Market

Compressor Market Size, Share, Growth Analysis, By Lubrication(Oil-free and Oil Filled), By Application(Food, Beverage), By Type(Portable and Stationary) - Industry Forecast 2024-2031

Report ID: SQMIG10B2094 | Region: Global | Published Date: April, 2024
Pages: 177 | Tables: 86 | Figures: 71

Share your requirements to help us to customize the report.
   I acknowledge that I have read the Privacy Policy
Confidentiality

We respect your privacy rights and safeguard your personal information. We prevent the disclosure of personal information to third parties.

Analyst Support
$5,300
BUY NOW GET FREE SAMPLE

FAQs

Compressor Market size was valued at USD 43.73 Billion in 2022 and is poised to grow from USD 45.08 Billion in 2023 to USD 57.55 Billion by 2031, growing at a CAGR of 3.1% in the forecast period (2024-2031).

A notable strategic partnership in the compressor market exists between Atlas Copco, a leading compressor manufacturer, and Siemens, a leader in electrical engineering and automation. This collaboration focuses on Siemens, the integration of advanced motor drive technology into Atlas Copco's range of compressor systems. key players in compressor market, such as Ariel Corporation, Atlas Copco AB, Burckhard Compression Holding AG, Gardner Denver Holdings, Inc., General Electric, Howden Group Holdings Ltd., IHI Corporation, Mayekawa Mfg Co, Ltd, SIEMENS AG, and Ingersoll Rand, among others are presented in this report. 'Atlas Copco', 'Bauer Group', 'BelAire Compressors', 'Cook Compression', 'Compressor Products International (CPI)', 'Frank Compressors', 'Galaxy Auto Stationary Equipment Co. Ltd.', 'Gast Manufacturing, Inc.', 'ELGi', 'Sollant Group', 'GENERAL ELECTRIC', 'Ingersoll Rand Plc', 'Kaeser Compressors', 'MAT Industries, LLC', 'Gardner Denver'

Compressors face extensive competition from other blower types such as screw and radial compressors. However, interest in Compressors will continue to grow due to cost effectiveness and demand resulting from replacement of more spicy compressors. Close to sustained interest in the assembly industry, future priority promoting market development and the development of Chinese oil and materials industries. Oil consumption must increase over time, taking up energy and fuel consumption. The development of accent in energy efficiency is set to support the market growth of compressors with reciprocating in the coming years besides the modern development in China, vehicle development as well as applications as treatment centers, LNG and CNG transport can push compressors interest.

Increasing Focus on Energy Efficiency and Sustainability: One of the long-term trends shaping the compressor market is the increasing focus on energy efficiency and sustainability. As businesses strive to reduce their carbon footprint and comply with stricter environmental regulations, the need for energy-efficient compressor solutions that reduce energy consumption and air an increases greenhouse gas emissions and is investing in R&D to develop new refrigerant refrigerants. This trend is expected to drive adoption of next-generation compressors equipped with features such as variable-speed drives, integrated heat recovery systems, and advanced monitoring and optimization capabilities. Moreover, an increased emphasis on sustainability and corporate social responsibility drives companies to offer environmentally friendly compressor technology priority as all part of the technology strategy, which influences purchasing decisions and market dynamics in the long term.

Asia-Pacific region dominated the market with 41.9% revenue share in 2022 and is expected to witness fastest CAGR of 5.0% during the forecast period. The healthcare industry is growing with demand increasing for medical facilities in this region. Accordingly, oil-free compressed air is commonly used in medical devices and pharmaceutical companies, including medical ventilation systems, dental clinics, and laboratories to supply the market demand in the region. Compressors require mandatory use as part of industry standards and regulatory frameworks, especially in chemical companies. These factors are expected to boost market demand during the forecast period.

Related Reports

Offshore Support Vessels Market
Buy Now GET FREE SAMPLE
Oil Country Tubular Goods Market
Buy Now GET FREE SAMPLE
Managed Pressure Drilling (MPD) Services Market
Buy Now GET FREE SAMPLE
Geophysical Service Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Compressor Market

Product ID: SQMIG10B2094

$5,300
BUY NOW GET FREE SAMPLE