Global Compressors Market Size, Drivers, Trends, Opportunities And Strategies 2032 – Includes Compressors Market Size
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The increasing applications of compressors in the power industry are expected to drive innovation in compressors manufacturing, thus driving the market during the forecast period.
The global compressors market is expected to grow from $122.57 billion in 2022 to $125.75 billion in 2023 at a compound annual growth rate (CAGR) of 2.6%. The global compressors market size is expected to grow to $140.49 billion in 2027 at a CAGR of 2.8%.
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- By Type: Air, Gas
- By Compressor Type: Positive Displacement, Centrifugal
- By Power Rating: 0-100 kW, 101-300 kW, 301-500 kW, 500 kW Above
- By Application: Construction, Power, Industrial Manufacturing, HVAC-R, Chemical & Cement, Oil & Gas, Automotive, Food & Beverage, Textile
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global compressors market in 2021.
Major Market Players in the compressors market include Atlas, Ingersoll Rand, Siemens, Ebara, ELGI Equipment Ltd., Gardner Denver, Kirloskar, Kobe Steel, Mitsubishi Heavy Industries Ltd., and Sulzer AG.
The emergence of next-gen air compressors is an important trend in the compressors market. The next-generation air compressors are highly energy-efficient and eco-friendly and emit relatively lesser carbon emissions than the traditional compressors. For example, Kirloskar Pneumatic Co Ltd in association with Top Tag Trading Est (3T Group) launched a next-generation diesel portable compressor, which offers high power efficiency at a low cost of ownership. Similarly, compressor manufacturer Atlas Copco offers the GA VSD+ compressor which reduces energy consumption by 50%. Other companies in the compressors market such as Hitachi and Ingersoll Rand are also working towards power-efficient and low-maintenance air compressors.
The Compressors Global Market Report 2023 provides a compressors market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The compressors market forecast analyzes compressors market size, compressors market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Compressor is a device that provides power by increasing the pressure of a substance and reducing the volume. They are used for industrial and home needs.
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