Air and Gas Compressor Market: Global Industry Analysis and Forecast (2024-2030)

Air and Gas Compressor Market reached a value of US $ 33.64 Bn. in 2023. Stationary Type is one of the dominating segment of the Global Air and Gas Compressor Market.
Air and Gas Compressor Market Overview:
Air and Gas used for industrial applications ranging from air gas feeds and gas bottling to petrochemicals, gas processing, and numerous industrial processes. The oil-free and oil-lubricated gas compressors are true all-rounders. The range covers high flow levels up to 10 000 m3/h (5885 cfm), with maximum outlet pressures up to 480 bar (6962 psi). Gas compressor types offer oil-less, oil-free, and oil-lubricated design and provide full control over gas purity levels.To know about the Research Methodology :- Request Free Sample Report
Air and Gas Compressor Market Dynamics:
The Air and Gas Compressor has several applications in various industries, including gas processing, gas pipeline transmission, and gas storage. Transportation of gas over a long distance, take place in pipelines. By pressurizing a gas, with the help of compressors to help liquefy and transport natural gas from one location or process to another. However, the flow of gas in pipelines is subjected to pressure losses, which increase with the velocity of flow and the length of the pipe. Therefore, every 50-100 miles, an air and gas compressor station is essential to re-compress the gas. These factors are driving the Air and Gas Compressor market growth across the globe.

Air and gas compressor demand is increasing in the air blast circuits, transportation, vehicles, chemical plants, food and beverage, oil extraction, and pharmaceutical industries. Automation in plants and facilities is expected to have a positive impact on market growth. The development of energy-efficient portable compressors is expected to be widely utilized across a wide range of industrial activities, boosting the market growth over the forecast period.

Air and Gas compressor demand is being driven by the increased adoption of variable-speed systems, low maintenance costs, efficient operation, and retrofitting for existing systems, among other considerations. The benefits of air and gas compressors including cost-effective operations, energy-efficient compressors are expected to boost the product demand. However, the increased number of gas compressor stations has raised fears about air quality. As a result, air monitoring devices are commonly used to assess the impact of air and gas compressors. Furthermore, the subsequent introduction of non-oil and gas-based projects, as well as ongoing industry investments, are expected to boost demand for air compressors during the forecast period.
Air and Gas Compressor Market Segment Analysis:
Based on the Type, the Air and Gas Compressor Market is segmented into Stationary and Portable. The Stationary air and gas compressor type segment held the largest market share accounting for 61% in 2023. The segment growth is attributed to the high adoption of these compressors in the manufacturing sector across the globe. For instance, in the oil and gas industry, the air and gas compressors are extensively used for handling pneumatic equipment, which is used for pipeline, oil extraction & refining, and other processes. Additionally, air and gas compressors required lesser maintenance and are easy to handle, which are expected to boost the product demand for this segment.

The Portable air and gas compressor type segment is expected to witness a growth at a CAGR of 3.90% during the forecast period. The segment growth is attributed to the high adoption of these compressors in construction and mining activities across the globe. Portable air compressors are a consistent and efficient power source for machines and tools in the construction industry.

Based on the Application, the Air and Gas Compressor Market is segmented into Manufacturing, Oil, and Gas, Power Sector, Petrochemical and Chemical industry, and others. The Manufacturing segment held the largest market share, accounting for 32 % in 2023. The segment growth is attributed to the rapid industrialization in emerging economies such as China, India, South Korea, and Brazil, along with increasing demand for energy-efficient air and gas compressors in the manufacturing sector.

The Oil and Gas segment is expected to witness rapid growth at a CAGR of 4.20% during the forecast period. The Oil and Gas segment growth is attributed to the augmented demand for air and gas compressors for the re-fueling of air and gas pressure preservation.
Air and Gas Compressor Market Regional Insights:
Asia Pacific region held the largest market share accounted for 33% in 2023, and is expected to grow at a CAGR of 4.6% during the forecast period. The region's growth is attributed to the continuous growing investments by the government in infrastructure development and rapid industrialization in the region. In addition, the changing preferences of consumers regarding easy-to-use and energy-efficient products are expected to boost the market growth.

North America region is expected to witness significant growth at a CAGR of 4.1% during the forecast period. The growing all-time high investment and new exploration activities along with shale abundance, is boosting the market for air and gas compressor in this region. The growing transport capacity of natural gas by pipelines and LNG terminals is expected to drive, product demand during the forecast period. New LNG liquefaction terminals are expected to dominate the transportation of natural gas at 108 mmtpa, by the end of the year 2023. In addition, the presence of several manufacturers and the growing adoption of air and gas compressors is expected to boost the product demand during the forecast period.

The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the market dynamic, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
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Air and Gas Compressor Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 33.64 Bn.


Forecast Period 2024 to 2030 CAGR:
4.13%
Market Size in 2030:
US $ 44.66 Bn.


 Segments Covered:
by Type
Stationary
Portable


by Application
Manufacturing
Oil and Gas
Power Sector
Petrochemical and Chemical industry
Others



Air and Gas Compressor Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America
Air and Gas Compressor Market, Key Players:
1. AireTex Compressor
2. Atlas Copco
3. Bauer Group
4. Bel Aire Compressors
5. Cook Compression
6. Compressor Products International (CPI)
7. Frank Compressors
8. Galaxy Auto Stationary Equipment Co. Ltd.
9. Gast Manufacturing, Inc.
10. GENERAL ELECTRIC
11. Ingersoll Rand Plc
12. Kaeser Compressors
13. MAT Industries, LLC
14. Ariel Corporation
15. Burckhardt Compression Holding AG
16. Gardner Denver Inc..

Frequently Asked Questions:

1] What segments are covered in the Air and Gas Compressor Market report?
Ans. The segments covered in the Air and Gas Compressor Market report are based on Type and Application.

2] Which region is expected to hold the highest share in the Air and Gas Compressor Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Air and Gas Compressor Market.

3] What is the market size of the Air and Gas Compressor Market by 2030?
Ans. The market size of the Air and Gas Compressor Market by 2030 is US $ 44.66 Bn.

4] What is the forecast period for the Air and Gas Compressor Market?
Ans. The Forecast period for the Air and Gas Compressor Market is 2024 -2030.

5] What was the market size of the Air and Gas Compressor Market in 2023?
Ans. The market size of the Air and Gas Compressor Market in 2023 was US $ 33.64 Bn.