Global Air & Gas Compressor Market- Market Overview:

The global air & gas compressor market is expected to grow from USD 33.3 billion in 2022 to USD 45.5 billion by 2030, at a CAGR of 4% during the Projection period 2023-2030. 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.

Compressors for air or gas are used to pump the material into the required location. Air and gas are utilised 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 complete control over gas purity levels and come in oil-less, oil-free, and oil-lubricated designs. Gas processing, pipeline transmission, and storage are only a few industries where air and gas compressors are used. Pipelines are used to transport gas over great distances. Using compressors to pressurise a gas, liquefy, and transfer natural gas from one place or process to another. Gas flow in pipelines is nevertheless subject to pressure losses, which rise in proportion to the pipe's length and flow rate. An air and gas compressor station is necessary every 50 to 100 kilometres to recompress the gas. These elements are fueling the global market growth for air and gas compressors.

Sample Request: - Global Air & Gas Compressor Market

Market Dynamics:

Drivers:                          

• Rise in Awareness

Gas processing, pipeline transmission, and storage are only a few industries where air and gas compressors are used. Pipelines are used to transport gas over great distances. Using compressors to pressurize a gas, liquefy, and transfer natural gas from one place or process to another. Gas flow in pipelines is nevertheless subject to pressure losses, which rise in proportion to the pipe's length and flow rate. In order to recompress the gas, an air and gas compressor station is necessary every 50 to 100 kilometres. These elements are fueling the global market growth for air and gas compressors.

Restraints:                                             

• Few Disadvantages

The majority of mobile devices are made to be electrically charged by regular wall current (although, once more, that is typically sufficient for mobile projects). Additionally, overall power and air capacity (CFM output) have a tendency to be lower. There are portable high-power units available, but they are often hefty, gas-powered, and expensive.

Opportunities:

• Increase in Demand

The rising use of variable-speed systems, low maintenance costs, effective operation, and retrofitting for existing systems, among other factors, are driving up demand for air and gas compressors. The advantages of air and gas compressors, such as their cost- and energy-efficient operations, are anticipated to increase demand for the product. However, concerns regarding the quality of the air have grown as a result of the expansion in gas compressor stations. As a result, it is routine practise to evaluate the impact of air and gas compressors using air monitoring devices. Additionally, it is anticipated that during the Projection period, demand for air compressors will increase due to the future introduction of non-oil and gas-based projects and continuous industry investments.

Challenges:

• High Cost

The main obstacle to the expansion of the compressor business is the high starting cost. For situations where portable units are employed, upgrading for filtering and lubrication is more challenging but typically not required.

Segmentation Analysis:

The global air & gas compressor market has been segmented based on type, application and region.

By Type

The type segment is portable and stationary. The stationary segment led the largest share of the air & gas compressor market with a market share of around 57% in 2022. The significant adoption of these compressors in the manufacturing industry around the world is credited with segment growth. For instance, pneumatic equipment used for pipelines, oil extraction & refining, and other operations is handled extensively in the oil and gas industry by air and gas compressors. Additionally, air and gas compressors are simple to use and need little maintenance, which is anticipated to increase product demand in this market.

By Application

The application segment is oil & gas, manufacturing, petrochemical and chemical industry, power sector, and others. The manufacturing segment led the largest share of the air & gas compressor market with a market share of around 38% in 2022. Rapid industrialization in developing nations like China, India, South Korea, and Brazil as well as rising demand for energy-efficient air and gas compressors in the manufacturing industry are both cited as contributing factors to the category growth.

Global Air & Gas Compressor Market - Sales Analysis.

The sale of the air & gas compressor market expanded at a CAGR of 3% from 2016 to 2022.

Air blast circuits, transportation, cars, chemical facilities, food and beverage, oil extraction, and pharmaceutical industries all need air and gas compressors. Market expansion is anticipated to be positively impacted by automation in facilities and plants. The development of energy-efficient portable compressors is anticipated to be extensively used in various industrial activities, driving the air and gas compressor market's growth over the Projection period.

The rising use of variable-speed systems, low maintenance costs, effective operation, and retrofitting for existing systems, among other factors, are driving up demand for air and gas compressors. The advantages of air and gas compressors, such as their cost- and energy-efficient operations, are anticipated to increase demand for the product. However, concerns regarding air quality have grown due to the expansion of gas compressor stations. As a result, it is routine practice to evaluate the impact of air and gas compressors using air monitoring devices. Additionally, it is anticipated that demand for air compressors will increase due to the future introduction of non-oil and gas-based projects and continuous industry investments.

Thus, owing to the aforementioned factors, the global air & gas compressor market is expected to grow at a CAGR of 4% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the air & gas compressor market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific region dominated the air & gas compressor market and held a 36% share of the market revenue in 2022.

• The Asia Pacific region witnessed a major share. The government's ongoing investments in infrastructure development and the area's quick industrialization are credited with driving the region's growth. The consumer's shifting preferences for simple-to-use and energy-efficient products are also anticipated to spur the expansion of the air and gas compressor market.
• North America is anticipated to experience significant growth during the Projection period. The market for air and gas compressors in this area is expanding as a result of the rising all-time high investment and new exploration operations, as well as the quantity of shale. During the projected period, it is anticipated that increasing natural gas transport capacity via pipelines and LNG terminals will increase product demand. By the end of 2021, it is anticipated that brand-new LNG liquefaction terminals would predominate in the transportation of natural gas at a rate of 108 mmtpa. Moreover, the presence of several manufacturers and the expanding use of air and gas compressors are anticipated to increase product demand throughout the course of the Projection period.

Global Air & Gas Compressor Market - 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. Air blast circuits, transportation, vehicles, chemical plants, food and beverage, oil extraction, and pharmaceutical industries all have growing demands for air and gas compressors in the region. Market expansion is anticipated to be positively impacted by automation in facilities and plants.

• 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 development of portable compressors that are energy-efficient is anticipated to be extensively used in a variety of industrial activities, driving the air and gas compressor market's growth over the Projection period in the region.

• 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. Compressed air is in higher demand in the region's end-use sectors like the automobile, food & beverage, and pharmaceutical industries.

Key Industry Players Analysis:

To increase their market position in the global air & gas compressor market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.   

• Atlas Copco
• Ingersoll Rand
• GE
• BOGE
• Siemens (Dresser-Rand)
• Accudyne Industries
• Doosan
• Ebara
• Fusheng

Latest Development:

• In June 2021, In order to support the development of hydrogen fuel cell systems, Bosch inked a long-term deal with Daimler Truck AG and Volvo Group AB to provide electric air compressors with integrated power electronics.
• In May 2021, MidState Air Compressor's operational assets were purchased by Atlas Copco. In the US, Connecticut, Rhode Island, and Massachusetts are serviced by MidState Air Compressor, a distributor of compressors.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	4%
Market Size	33.3 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Type, By Application, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Atlas Copco, Ingersoll Rand, GE, BOGE, Siemens (Dresser-Rand), Accudyne Industries, Doosan, Ebara, and Fusheng.
By Type	Portable Stationary
By Application	Oil & Gas Manufacturing Petrochemical and Chemical Industry Power Sector Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global air & gas compressor market  By Type:

• Portable
• Stationary

Global air & gas compressor market By Application:

• Oil & Gas
• Manufacturing
• Petrochemical and Chemical Industry
• Power Sector
• Others

Global air & gas compressor market By Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- The foundation of the current form of government, which supports the activities of the air & gas compressor market, is democracy. The democratic political system, which promotes initiative and free trade, offers financial freedom that the medical waste management sector can take advantage of. Pressure groups can alter the business environment by forming strong media alliances. These organisations are under pressure from these groups, which arrange protests and coordinate marketing campaigns. The air & gas compressor market needs to keep a watch on these pressure organisations because they have the ability to influence government legislation, which could ultimately have an effect on the broader business climate. The air & gas compressor market should collaborate closely with these groups in order to earn their trust.

Economic Factors- The economic growth rates of the various countries should be taken into account when selecting whether or not to expand abroad for the air & gas compressor market. In countries with strong rates of economic growth, there are more possibilities for pursuing long-term growth objectives. When the economy is expanding slowly, consumer purchasing becomes more circumspect, which directly affects the revenue growth of the air & gas compressor market. Rising inflation may negatively affect the ability of the air & gas compressor market to increase its income since it lowers the purchasing power of money and discourages consumers from making purchases of products and services.

Social factors- Every country has unique cultural norms, values, and traditions that shape how people behave in everyday life, including as customers. Lack of adaptability to change product/service offerings in line with local cultural practises could have a negative impact on the business. To understand local consumers, the air & gas compressor market needs to conduct extensive research. The fact that the management of air & gas compressor market is an international company with a culturally diverse home market may make it difficult for them to understand the subtle cultural distinctions. To do this, the air & gas compressor market can forge business ties with regional market players that may be able to share in-depth understanding of the cultural norms and values that influence how consumers perceive and engage with the brand.

Technological Factors- Since these countries make it easier for enterprises to achieve objectives like cost reduction, innovation, and value creation, the air & gas compressor market should favour those countries with superior technology infrastructure. Because it can be simple for competitors to copy, a technologically advanced infrastructure also indicates that it will be more challenging for the air & gas compressor market to leverage technology to create a sustained competitive advantage. The market and industry as a whole may be affected by the speed and advancement of technical innovation. By studying the upcoming technological innovation trends, the air & gas compressor market will be able to comprehend the rate of new product development, the length of the product life cycle, and the distinctive features that consumers prefer.

Environmental Factors- Due to stringent environmental legislation in many different nations, businesses are under pressure to reduce environmental impact. In order to avoid harsh, reputation-damaging criticism from relevant stakeholders, the air & gas compressor market should adopt ethical production practises, encourage ethical consumption among its target market, work to improve its brand's sustainability reputation and ensure full compliance with local and international environmental laws.

Legal Factors- Strict adherence to intellectual property laws benefits businesses like the air & gas compressor market since it protects their patents from infringement and gives them a long-lasting competitive advantage. In many countries, there are numerous federal and state laws in place to protect consumers from potential economic exploitation. In the era of information technology, laws have become considerably stricter to safeguard consumer privacy. In order to avoid lawsuits, the air & gas compressor market must rigorously adhere to the data privacy rules when conducting online transactions. Before entering new markets, air & gas compressor market management must examine regional laws governing returns, discounts, credit terms, quality, deceptive advertising, and maximum pricing (particularly in the case of basic essential goods).

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Type
     • 3.2. Market Attractiveness Analysis By Application
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Rise in Awareness
   • 3. Restraints
     • 3.1. Few Disadvantages
   • 4. Opportunities
     • 4.1. Increase in Demand
   • 5. Challenges
     • 5.1. High Cost

6. Global Air & Gas Compressor Market Analysis and Projection, By Type
   • 1. Segment Overview
   • 2. Portable
   • 3. Stationary
7. Global Air & Gas Compressor Market Analysis and Projection, By Application
   • 1. Segment Overview
   • 2. Oil & Gas
   • 3. Manufacturing
   • 4. Petrochemical and Chemical Industry
   • 5. Power Sector
   • 6. Others
8. Global Air & Gas Compressor Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Air & Gas Compressor Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Air & Gas Compressor Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Atlas Copco
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Ingersoll Rand
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • GE
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • BOGE
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Siemens (Dresser-Rand)
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Accudyne Industries
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Doosan
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Ebara
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Fusheng
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis

List of Table

1. Global Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
2. Global Portable, Air & Gas Compressor Market, By Region, 2023–2030 (USD Billion)
3. Global Stationary, Air & Gas Compressor Market, By Region, 2023–2030 (USD Billion)
4. Global Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
5. Global Oil & Gas, Air & Gas Compressor Market, By Region, 2023–2030 (USD Billion)
6. Global Manufacturing, Air & Gas Compressor Market, By Region, 2023–2030 (USD Billion)
7. Global Petrochemical and Chemical Industry, Air & Gas Compressor Market, By Region, 2023–2030 (USD Billion)
8. Global Power Sector, Air & Gas Compressor Market, By Region, 2023–2030 (USD Billion)
9. Global Others, Air & Gas Compressor Market, By Region, 2023–2030 (USD Billion)
10. Global Air & Gas Compressor Market, By Region, 2023–2030 (USD Billion)
11. North America Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
12. North America Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
13. USA Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
14. USA Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
15. Canada Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
16. Canada Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
17. Mexico Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
18. Mexico Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
19. Europe Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
20. Europe Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
21. Germany Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
22. Germany Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
23. France Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
24. France Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
25. UK Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
26. UK Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
27. Italy Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
28. Italy Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
29. Spain Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
30. Spain Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
31. Asia Pacific Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
32. Asia Pacific Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
33. Japan Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
34. Japan Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
35. China Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
36. China Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
37. India Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
38. India Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
39. South America Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
40. South America Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
41. Brazil Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
42. Brazil Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
43. Middle East and Africa Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
44. Middle East and Africa Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
45. UAE Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
46. UAE Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)
47. South Africa Air & Gas Compressor Market, By Type, 2023–2030 (USD Billion)
48. South Africa Air & Gas Compressor Market, By Application 2023–2030 (USD Billion)

List of Figures 

1. Global Air & Gas Compressor Market Segmentation
2. Air & Gas Compressor Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Air & Gas Compressor Market Attractiveness Analysis By Type
9. Global Air & Gas Compressor Market Attractiveness Analysis By Application
10. Global Air & Gas Compressor Market Attractiveness Analysis By Region
11. Global Air & Gas Compressor Market: Dynamics
12. Global Air & Gas Compressor Market Share By Type (2023 & 2030)
13. Global Air & Gas Compressor Market Share By Application (2023 & 2030)
14. Global Air & Gas Compressor Market Share by Regions (2023 & 2030)
15. Global Air & Gas Compressor Market Share by Company (2021)