Industrial Air Compressor Market Trends

Growth Drivers

• Rising Automation Across the Industries–Automation is occurring all across the world in all industries. Currently, automation is being used in some capacity by 66% of organizations in the world. Air compressors supply the required air pressure for control systems in automated machinery and processes. These mechanisms aid in the regulation of equipment functions and maintain the smooth operation of the machine.
• Rapidly Growing Manufacturing– In 2021, global industrial output increased by 7.2%, approaching pre-pandemic levels. Air compressors are used in manufacturing to clean and remove trash, dust, and particles from panels or components before they undergo assembly or packing.
• Growing Constructional Activities–With the high infrastructural development, the need for concrete and cement increases. Therefore, compressed air becomes necessary, since it uses to transfer the concrete powder through pipelines from storage silos to the processing units. The global demand for concrete may rise from 14.0 billion m3 today to nearly 20 billion m3 in 2050.

Challenges

• High Saturation in the Market- The market for industrial air compressors may become saturated in some places, resulting in increased competition among manufacturers. This saturation has the potential to impede price growth and have an impact on profit margins.
• Low Presence of Alternative Technologies
• Strict Ecological and Emission Standards