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Time： 2024-01-16 17:23:15
DUBLIN – (BUSINESS WIRE) – “Global industrial air compressors by product type (displacement, dynamic), power (up to 50 kW, 51-250 kW, 251-500 kW and above 500 kW) – filled and oil-free), report” Final User, Design, Pressure, Coolant and Region – Forecast to 2026″ has been added to ResearchAndMarkets.com’s offer.
The industrial air compressor market is expected to reach $42.9 billion by 2026, up from an estimated $32.7 billion in 2021, at a CAGR of 5.6% over the forecast period.
The sealed section is divided into oil-filled and oil-free. The oil compressor segment holds the largest market share in the industrial air compressor market. In oil compressors, oil is used to lubricate the air compression chamber, lubricate parts, and seal the air.
Because they are more economical than oil-free compressors and usually complete the compression process in a single stage, they are increasingly being used. This compressor is commonly used in industries such as oil and gas, textile, rubber and plastics, metallurgy and mining, where cleaner compressed air is required.
The volume segment by product type is expected to be the largest market from 2021 to 2026.
The displacement compressor segment holds the largest market share in the industrial air compressor market. Volumetric industrial air compressors can be divided into reciprocating and rotary.
Positive displacement air compressors are commonly used in construction, automotive and transportation, packaging, food and beverage, metallurgy and mining, and other industries. Investment in these industries is expected to increase, leading to an increase in demand for positive displacement air compressors.
The Asia-Pacific region is expected to dominate the global industrial air compressor market in 2021-2026. Growth in the regional market is driven by growing investments in liquefied natural gas, chemicals and mining, as well as growth in domestic production, including automotive and food and beverages.
The Asia-Pacific region is experiencing rapid economic growth and is seeing a surge in investment in hydrogen and green energy to meet its energy needs while adhering to decarbonization plans.