Air & Gas Compressor Market will surpass USD 45.5 billion by 2030 at a CAGR of 4% till 2030 : GreyViews
Air & Gas Compressor Market Size By Type (Portable and Stationary), By Application (Oil & Gas, Manufacturing, Petrochemical and Chemical Industry, Power Sector, and Others), Regions, Segmentation, and…

Air & Gas Compressor Market Size By Type (Portable and Stationary), By Application (Oil & Gas, Manufacturing, Petrochemical and Chemical Industry, Power Sector, and Others), Regions, Segmentation, and forecast till 2030.
Pune India, Jan. 19, 2023 (GLOBE NEWSWIRE) -- The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the air & gas compressor market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the air & gas compressor market are present across various countries in the above-mentioned regions.
Get Sample Copy of This Report URL URL
The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the type, application and region. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the below paragraphs.
The significant players operating in the global air & gas compressor market are Atlas Copco, Ingersoll Rand, GE, BOGE, Siemens (Dresser-Rand), Accudyne Industries, Doosan, Ebara, Fusheng among other. To achieve a substantial market share in the worldwide air & gas compressor market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
Air or gas compressors pump the material into the required location. Air and gas are utilized in several industrial processes, including petrochemicals, gas processing, and a wide range of industrial applications, such as air gas feeds and bottling. True all-around is the oil-free and oil-lubricated gas compressors. Maximum output pressures are up to 480 bar, and the range includes high flow rates up to 10,000 m3/h (5885 cfm) (6962 psi). Types of gas compressors provide for complete control over gas purity levels and come in oil-less, oil-free, and oil-lubricated designs. One of the main elements fostering a favorable outlook for the gas compressors market is the significant growth of the oil and gas sector globally. The market is expanding as a result of the extensive use of gas compressors in the processing and long-distance transportation of renewable energy sources like natural gas. As a result, they are also employed in hospitals for surgical procedures and in air filtration duct systems to preserve air quality and shield patients from pollution and illnesses. Other growth-promoting aspects include a variety of product developments, such as the creation of energy-efficient portable compressors for automation in industrial operations.
Enquiry Before Buying This Report URL URL
Scope of Air & Gas Compressor Market Report
Report Metric
Information
Study Period
2022-2030
Base Year
2022
Forecast Period
2023-2030
Market Share Unit
USD Billion
Segments Covered
Type, Application and Regions
Regions Covered
North America, Europe, Asia-Pacific, South America, and Middle-East and Africa
Major Players
Atlas Copco, Ingersoll Rand, GE, BOGE, Siemens (Dresser-Rand), Accudyne Industries, Doosan, Ebara, Fusheng among other
Segmentation Analysis
The stationary segment is expected to be the fastest-growing segment in 2022.
The type segment is portable and stationary. The stationary segment will witness the highest growth rate during the forecast period. Growth in this market is attributed to the growing uptake of these compressors in the manufacturing sector worldwide. For instance, air and gas compressors are used widely in the oil and gas industry to handle pneumatic equipment used for pipelines, oil extraction & refining, and other processes. The ease of use and low maintenance requirements of air and gas compressors are further factors that are expected to boost product demand in this market.
The manufacturing segment is expected to be the fastest-growing segment in 2022.
The application segment is oil & gas, manufacturing, petrochemical and chemical industry, power sector, and others. The manufacturing segment is expected to witness the highest growth rate during the forecast period. Rapid industrialization in developing countries like China, India, South Korea, and Brazil is recognized as a driving reason for the category growth, as is the manufacturing sector's increased demand for energy-efficient air and gas compressors.
Regional Analysis
The regional analysis provides a detailed perception of the key regions and the countries. Some key countries analyzed for air & gas compressors include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.
The Asia Pacific region witnessed a major share. The rapid industrialization of the area and the government's continued investments in infrastructure development are credited for propelling the region's expansion. The market for air and gas compressors is expected to grow due to consumers' evolving preferences for products that are easy to use and save energy.
Country Analysis
Germany
Germany's air & gas compressor market size was valued at USD 12.25 billion in 2022 and is expected to reach USD 17.30 billion by 2030, at a CAGR of 2.7% from 2023 to 2030. There is an increasing need for air and gas compressors in the area from air blast circuits, transportation, cars, chemical facilities, food and beverage, oil extraction, and pharmaceutical industries. Automation in facilities and plants is projected to have a favorable effect on market progress.
China
China's air & gas compressor market size was valued at USD 13.49 billion in 2022 and is expected to reach USD 18.68 billion by 2030, at a CAGR of 4.2% from 2023 to 2030. The creation of portable, energy-efficient compressors is predicted to be widely used in several industrial processes, propelling the air and gas compressor market expansion in the region throughout the forecast period.
India
India's air & gas compressor market size was valued at USD 13.45 billion in 2022 and is expected to reach USD 18.60 billion by 2030, at a CAGR of 3.8% from 2023 to 2030. End-use industries like the automotive, food and beverage, and pharmaceutical industries have increased demand for compressed air in the region.Covid-19 ImpactCovid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.
Furthermore, the growth of the air & gas compressor market is mainly driven by the soaring need for air and gas compressors in the oil extraction, pharmaceutical, chemical, automotive, transportation, and food and beverage industries.
Buy Now Full Report URL URL
Contact Us Rocky Shah GreyViews Pune India Phone: (+44) 162-237-1047 Email: EMAIL
Web: URL
Browse Related Reports:
Industrial Protective Clothing Market Size By Product Type (Disposable and Durable), By End-User (Healthcare, Construction, Manufacturing and Others), Regions, Segmentation, and Projection till 2030
URL
Furan Resins Market Size By Type (Furfuryl Alcohol Resin, Furfural Resin, Bran Ketone Resin, and Branone Formaldehyde Resin), By Application (Automobile, Paint & Coating, Adhesive & Sealant, Foundry, Plastic, and Others), Regions, Segmentation, and Projection till 2030
URL
Air & Gas Compressor Market Size By Type (Portable and Stationary), By Application (Oil & Gas, Manufacturing, Petrochemical and Chemical Industry, Power Sector, and Others), Regions, Segmentation, and Projection till 2030
URL
Decorative Paints Market Size By Product Type (Solvent-Based Paints and Water-Based Paints), By Formulation (Distemper and Emulsion Based Paints), Regions, Segmentation, and Projection till 2030
URL
Wire Insulation and Jacketing Compounds Market Size By Type (Halogenated Plastic Wire Insulation and Jacketing Compounds and Non-Halogenated Plastic Wire Insulation and Jacketing Compounds), By End-user (Automotive and Transportation, Building Construction, Energy, and Others), Regions, Segmentation, and Projection till 2030
URL
Textile Machine Lubricants Market Size By Base Oil (Mineral Oil-Based and Synthetic Oil-Based), By Application (Spinning Machine, Processing Machine, Winding Machine, Knitting Machine, Weaving Machine, Finishing Machine, and Others), Regions, Segmentation, and Projection till 2030
URL
Polyester Fiber Market Size By Grade (PCDT Polyester and Polyethylene Terephthalate (PET) Polyester), By Form (Solid and Hollow), By Application (Carpets and Rugs, Home textiles, Non-Woven Fabrics, Apparel, and Others), Regions, Segmentation, and Projection till 2030
URL
Compostable Paper Trays Market Size By Type (Food Trays, Plates, Utility Trays, Bowls and Cups and Others), By Application (Confectioneries, Restaurants, Bars, and Others), Regions, Segmentation, and Projection till 2030
URL
Footwear Sole Material Market Size By Type (Non-Athletic and Athletic), By End-User (Men, Children, and Women), Regions, Segmentation, and Projection till 2030
URL
Coated Abrasives Market Size By Type (Paper, Non-Woven, Cloth, and Others), By Application (Industrial, Building, Construction, Household, and Others), Regions, Segmentation, and Projection till 2030
URL