Industrial Air Compressor Market Analysis by Trends, Forecasts and Regions

The industrial air compressor market is estimated to exhibit sizable growth by 2027 owing to increasing demand for air compression systems across several applications for optimal manufacturing efficiency.
The industrial air compressor market has been bifurcated based on product, technology, lubrication, power capacity, application, and region.
In terms of power capacity, the market has further been segmented into up to 15 kW, 16 - 75 kW, 75 - 500 kW, and more than 500 kW.
The up to 15 kW sub-segment is expected to see substantial growth by 2027 recording a CAGR of 6% through the analysis period.
The more than 500 kW sub-segment held a share of over 25% in the overall industrial air compressor market landscape in 2020.
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On the basis of application, the market has been divided into food & beverage, energy & mining, oil & gas, semiconductor & electronics, construction & municipal, manufacturing, pharma, agriculture/farming, and others.
In 2020, the food & beverage sector garnered a share of around 5% in terms of market revenue and is projected to see sizable growth by 2027.
Increasing usage of industrial air compressors in the food & beverage sector for various applications, including product handling, packaging, food filling, and nitrogen generation, is anticipated to propel market growth in the following years.
The industrial air compressor market in the oil & gas sector is estimated to amass a volume share of 5% by 2027. The growth would be driven by the rising usage of compressed air systems in the industry for applications like petroleum refining, pipeline transportation, and petrochemical synthesis, among others.
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The semiconductor & electronics application is anticipated to grow at a CAGR of 4.9% through the forecast timeframe. This is due to the expanding scope of applications of air compressors in manufacturing processes across the industry.
The construction & municipal application segment of the industrial air compressor industry is projected to garner a revenue share of more than 7.5% in the market revenue by 2027.
Widespread utilization of industrial air compressors in construction activities for improving the performance of on-site construction equipment is likely to contribute sizably to the segmental expansion over the forecast period.
In 2020, the agriculture/farming sub-segment garnered a volume share of around 10% and is expected to deliver notable growth in the coming years.
Air compression systems are aiding the development of novel and efficient methods of crop production to accommodate the globally surging food requirement, which is expected to support industry expansion through the analysis period.
The others application segment is estimated to grow at a steady CAGR of over 3% through the analysis period due to the varied utilization of industrial air compressors that is boosting market demand across several industry verticals.
In terms of regional spectrum, the LATAM market is speculated to witness significant growth by 2027, expanding at a CAGR of around 4.5% through the assessment period.
Increasing product demand and rising presence of manufacturers in the region are expected to boost Latin America industrial air compressor market growth in the future.
In 2020, the MEA market held a volume share of over 3% and is anticipated to exhibit steady growth by 2027.
The booming real estate sector in the MEA market and the subsequent rise in construction activities are projected to impel regional growth through the coming years.