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Growth Drivers of the Industrial Air Compressor Industry
Growth Drivers of the Industrial Air Compressor Industry
April 11, 2018

By 2022, the global market for key machinery like the industrial air compressor is projected to be over $37 billion. One of the major contributors to market growth over the forecasted period is the rising adoption of remote sensing technology which can monitors performance. Increasing demand for compressed air from the food and beverage industry, given strict regulations in health and food safety, is another key growth driver. Other specific factors such as growing adoption of variable-speed systems, efficient operation at lower costs, and low maintenance and retrofit of existing systems are driving demand across end-use industries.

 

Along with easy installation and low maintenance, the eco-friendly features of the next-generation industrial air compressor is set to encourage a shift from traditional equipment to modern technology.

 

For instance, there’s a rising demand for oil-free systems that provide higher accuracy, efficiency, and increased capacity. Additionally, the potential cost savings of eliminating supplementary devices is expected to drive immense growth opportunities for industrial air compressors. On the other hand, the industry is also facing challenges such as the significant increase in prices of raw materials, noise pollution from the equipment, and the performance of various end-use industries. 

 

When it comes to compressor technologies, the prevalent ones in the industry are the reciprocating, centrifugal and rotary industrial air compressor. Both the single and two phase systems are becoming more acceptable in the home appliances and the oil & gas industry. Over the next 7 years, the demand is also predicted to be driven by the increasing demand for portable equipment in the mining and construction industries. Centrifugal technology is projected to grow at a CAGR of more than 4.5%. The great features of this technology include the built-in thermal overload for increased motor protection, cast iron cylinder, oil-lubricated pump, and cooler running pump. The reciprocating industrial air compressor with dual cylinders and oil-free scroll for improved performance and productivity will also positively influence the industry growth.

 

Want to learn more about industrial air compressors? Contact Air Energy today to speak with an expert.

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