INDUSTRIAL AIR COMPRESSOR MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global industrial air compressor market has been witnessing steady growth owing to their wide industrial applications. Air compressors help power pneumatic tools for applications ranging from construction to automotive manufacturing. They are also used as a source for compressed air needed to operate or actuate pneumatic and gas pressure equipment and control systems. Rapid industrialization and ongoing infrastructure development activities across major economies have significantly driven the demand for industrial air compressors. Furthermore, advancements in air compressor technology in terms of energy-efficiency and reduced maintenance requirements have expanded their usage. The growing adoption of automation across industries along with the need for uninterrupted workflow has further augmented the market growth. However, rising prices of raw materials may negatively impact the growth of the industrial air compressor market to some extent during the forecast period.
Market Dynamics:
The global industrial air compressor market is primarily driven by rapid industrialization and infrastructural development activities across emerging economies. Rapid urbanization and growing population have significantly boosted the construction volumes worldwide, which, in turn, has raised the demand for industrial air compressors used in pneumatic tools. Ongoing automation of manufacturing processes has also augmented the market growth as compressed air finds extensive applications in automated equipment. Major manufacturers are emphasizing on developing energy-efficient and low-maintenance air compressors to lower production costs for end users. This has increased the adoption rate of compressed air systems in various industries. However, high initial investment and growing raw material prices pose a threat to market expansion. On the other hand, increasing replacement demand from mature markets and emerging applications in food & beverage and power industries present lucrative opportunities for market players.
Key Features of the Study:
Detailed Segmentation-
Table of Contents
*Browse 32 market data tables and 28 figures on 'Global Industrial Air Compressor Market' - Global forecast to 2031
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize Now
Credibility and Certifications
860519526
9001:2015
27001:2022
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients
