Compressor Market Analysis, Share, Size & trends Report 2031
Compressor Market Analysis, Share, Size & trends Report 2031
Segments - Compressor Market by End-users (Chemicals and Petrochemicals Industry, Power Sector, Oil & Gas Industry, Manufacturing Sector, and Other End-users), Types (Dynamic and Positive Displacement), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :EP-815
| 4.2 Rating
| 76 Reviews
| 134 Pages
| Format :
Report Description
Compressor Market Outlook 2031
The global compressor market size was valued at USD 42.41 Billion in 2022 and is likely reach to USD 55.82 Billion by 2031, expanding at a CAGR of 3.1% during the forecast period, 2023–2031. The growth of the market is attributed to the growing number of food processing units and replacement of piston compressor with screw compressor.
Compressor is a mechanical device that raises the pressure of a gas by decreasing its volume. China is leading in the manufacturing and exports of the compressor globally. Many industries prefer installing compressor as it is energy efficient and easy to maintain. The compressor machine producer must obey the standards set by the American Society of Mechanical Engineers. Standards are set to avoid discrepancy in evaluating a compressor.
The emergence of new and innovative compressor is the vital trend in the market. The demand for eco-friendly and highly energy efficient is increasing in the compressor market. On the other hand, pandemic situation had impeded the production rates and demand across end-user industries but the manufacturers are recovering from the situation.
Compressor Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for energy efficient equipment is anticipated to boost the market in the coming years.
- Rapid growth of the manufacturing sector is the major factor driving the market.
- Government strict rules and regulations regarding environment act as a challenge that can hamper the market during the forecast period.
- High cost of maintenance and installation of compressor is estimated to restrict the market growth.
- Increase in production activities is expected to provide business opportunities to the market players.
- R&D investment and technological advancement in compressor and compression technique is projected to offer immense opportunities for the market players.
Scope of Compressor Market Report
The report on the global compressor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
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Report Title |
Compressor Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
End-Users (Chemicals and Petrochemicals Industry, Power Sector, Oil & Gas Industry, Manufacturing Sector, and Other End-users) and Types (Dynamic and Positive Displacement) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
ELGI Equipment Limited, Siemens AG, Baker Hughes Co., Atlas Copco AB, Sulzer AG, and Ingersoll-Rand PLC. |
Compressor Market Segment Insights:
The positive displacement segment is projected to hold a major market share
On the basis of types, the global compressor market is bifurcated into dynamic and positive displacement. The positive displacement segment is expected to represent a key share of the market during the forecast period due to benefits such as positive displacement compressor including lower operating cost, higher efficiency, suitability for various application areas, and high-pressure ratio for a relatively small size. It works with constant gas and air flow regardless of the outlet pressure.
The oil & gas segment is projected to account for a large market share
Based on end-users, the global compressor market is segregated into chemicals and petrochemicals industry, power sector, oil & gas industry, manufacturing sector, and other end-users. The oil & gas segment is expected to represent a key share of the market during the forecast period owing to rising consumption of oil and gas.
Cleaner fuel consumption owing to rising concern about air pollution and global warming is increasing the demand for compressor in oil & gas industry. However, the manufacturing industry and automotive industry is anticipated to expand at a rapid pace during the forecast period due to increasing demand of compressors for primary use in the industry.
Compressor Market Regional Outlook
Asia Pacific is anticipated to dominate the market
On the basis of regions, the global compressor market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to dominate the market CAGR during the forecast period. The regional market growth can be attributed to growing industrial sector in the region.
Various industries such as automotive, oil & gas, manufacturing, and other industries are growing and adopting innovative technology. Urbanization, rising population, and increasing industrialization is driving the market in the region.
Segments
Types
- Dynamic
- Positive Displacement
End-Users
- Chemicals and Petrochemicals Industry
- Power Sector
- Oil & Gas Industry
- Manufacturing Sector
- Other End-users
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- ELGI Equipment Limited
- Siemens AG
- Baker Hughes Co.
- Atlas Copco AB
- Sulzer AG
- Ingersoll-Rand PLC
Competitive Landscape
Key players competing in the Compressor market include ELGI Equipment Limited, Siemens AG, Baker Hughes Co., Atlas Copco AB, Sulzer AG, and Ingersoll-Rand PLC. Some of these players are involved in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,
- In July 2020, Ingersoll-Rand PLC launched new rotary screw compressor and small reciprocating compressor in India merging with Gardener Denver’s technologies.
- In February 2020, TMC Compressor and Sauer Compressor entered into partnership to enhance their position as supplier of compressor solution in the market.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Compressor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Compressor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Compressor Market - Supply Chain
4.5. Global Compressor Market Forecast
4.5.1. Compressor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Compressor Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Compressor Market Absolute $ Opportunity
5. Global Compressor Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Compressor Market Size and Volume Forecast by Types
5.3.1. Dynamic
5.3.2. Positive Displacement
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Compressor Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Compressor Market Size and Volume Forecast by End Users
6.3.1. Chemicals and Petrochemicals Industry
6.3.2. Power Sector
6.3.3. Oil & Gas Industry
6.3.4. Manufacturing Sector
6.3.5. Other End-users
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Compressor Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Compressor Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Compressor Demand Share Forecast, 2019-2026
8. North America Compressor Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Compressor Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Compressor Market Size and Volume Forecast by Types
8.4.1. Dynamic
8.4.2. Positive Displacement
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Compressor Market Size and Volume Forecast by End Users
8.7.1. Chemicals and Petrochemicals Industry
8.7.2. Power Sector
8.7.3. Oil & Gas Industry
8.7.4. Manufacturing Sector
8.7.5. Other End-users
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Compressor Demand Share Forecast, 2019-2026
9. Latin America Compressor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Compressor Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Compressor Market Size and Volume Forecast by Types
9.4.1. Dynamic
9.4.2. Positive Displacement
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Compressor Market Size and Volume Forecast by End Users
9.7.1. Chemicals and Petrochemicals Industry
9.7.2. Power Sector
9.7.3. Oil & Gas Industry
9.7.4. Manufacturing Sector
9.7.5. Other End-users
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Compressor Demand Share Forecast, 2019-2026
10. Europe Compressor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Compressor Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Compressor Market Size and Volume Forecast by Types
10.4.1. Dynamic
10.4.2. Positive Displacement
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Compressor Market Size and Volume Forecast by End Users
10.7.1. Chemicals and Petrochemicals Industry
10.7.2. Power Sector
10.7.3. Oil & Gas Industry
10.7.4. Manufacturing Sector
10.7.5. Other End-users
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Compressor Demand Share Forecast, 2019-2026
11. Asia Pacific Compressor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Compressor Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Compressor Market Size and Volume Forecast by Types
11.4.1. Dynamic
11.4.2. Positive Displacement
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Compressor Market Size and Volume Forecast by End Users
11.7.1. Chemicals and Petrochemicals Industry
11.7.2. Power Sector
11.7.3. Oil & Gas Industry
11.7.4. Manufacturing Sector
11.7.5. Other End-users
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Compressor Demand Share Forecast, 2019-2026
12. Middle East & Africa Compressor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Compressor Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Compressor Market Size and Volume Forecast by Types
12.4.1. Dynamic
12.4.2. Positive Displacement
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Compressor Market Size and Volume Forecast by End Users
12.7.1. Chemicals and Petrochemicals Industry
12.7.2. Power Sector
12.7.3. Oil & Gas Industry
12.7.4. Manufacturing Sector
12.7.5. Other End-users
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Compressor Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Compressor Market: Market Share Analysis
13.2. Compressor Distributors and Customers
13.3. Compressor Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. ELGI Equipment Limited
13.4.2. Siemens AG
13.4.3. Baker Hughes Co.
13.4.4. Atlas Copco AB
13.4.5. Sulzer AG
13.4.6. Ingersoll-Rand PLC
Methodology
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