Industrial Air Compressor Market, By Type (Rotary Screw Compressors, Piston Compressors, Centrifugal Compressors, and Others), By Application (Manufacturing, Construction, Automotive, Oil & Gas, Food & Beverage, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Aug 2024

Code : CMI7299

Pages :140

Formats :

Excel and PDF

Industry : Energy

Market Concentration and Competitive Landscape

Industrial Air Compressor Market Concentrattion By Players

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Growing Construction Industry

The construction industry has emerged as a major growth driver for the global economy in the past decade, supported by rapid urbanization, infrastructure development, and real estate construction activities. The demand for various types of air compressors is directly correlated to the health of the construction sector spending worldwide.

Most construction work relies on compressed air tools for tasks like drilling, hammering, sanding, and spray painting. Portable compressors that can be easily moved between project sites are immensely popular with tool manufacturers catering specialized products to construction needs. Meanwhile stationary compressors of various capacities find applications to power equipment for digging, breaking, and demolition at large project sites. Megaprojects like dams, power plants, and metro rails consuming several years to complete alone can absorb high volumes of compressors.

Emerging economies in Asia Pacific and Latin America continue witnessing massive investments in public infrastructure modernization like roads, bridges, urban mass transit systems, and airport expansion. This is stimulating robust growth in demand for construction machinery where compressed air solutions feature prominently. Meanwhile real estate markets worldwide have rebounded strongly post pandemic with residential and commercial buildings pace picking up. This augurs well for compressor sales driven by construction end use.

Even developed nations are embarking on trillion dollar “Rebuild America” initiatives to upgrade critical infrastructure and spur long term economic growth. Additional comprehensive construction plans have been announced in European Union and China as well to boost employment and GDP. Renewed focus on green buildings and sustainability standards also act as catalysts for compressor uptake in construction.

With no signs of abatement in the multi-year infrastructure building cycle globally across sectors, strong impetus to the construction industry’s growth ensures elevated demand trends for industrial air compressors in support of various on-site equipment applications.

Key Players Insights