Compressors Market size to grow by USD 14,834.55 million from 2022 to 2027; Increasing adoption of compressors in various industries to boost the market growth - Technavio

NEW YORK, May 22, 2023 /PRNewswire/ -- The global compressors market size is estimated to increase by USD 14,834.55 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 3.62% during the forecast period. The increasing adoption of compressors in various industries is one of the key factors driving the global compressors market. The use of compressors in various industries increases significantly due to their versatility and efficiency in various applications. Industries such as automotive, chemical, petrochemical, and manufacturing have widely adopted the use of compressors in their processes for a variety of reasons, one of which is their ability to improve the productivity and efficiency of the industrial processes that move oil and gas from production wells to reservoirs. Hence, such factors drive market growth during the forecast period. Discover some insights on the market size historic period (2017 to 2021) and forecast period (2023-2027) before buying the full report - Request a sample report

Compressors market – Vendor Analysis
Vendor Landscape - The global compressors market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer compressors in the market are Atlas Copco UK, BAC Compressors, BOGE KOMPRESSOREN GmbH and Co. KG, Danfoss AS, Dearing Compressor and Pump Co., Doosan Portable Power Co., Elgi Equipments Ltd, Fusheng Precision Co. Ltd., Hanbell Precise Machinery Co. Ltd., Hitachi Ltd., Indo-Air Compressors Pvt. Ltd., Ingersoll Rand Inc., KAESER KOMPRESSOREN SE, Kaishan Compressor USA, Kirloskar Pneumatic Co. Ltd., Kobe Steel Ltd., Parker Hannifin Corp., Siemens Energy AG, Sulzer Management Ltd., and Yantra Technologies and others.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offerings -

• Atlas Copco UK - This company offers compressors namely air and gas compressors, Compressed air dryers, oil free air compressor, oil lubricated air compressor, and air compressor parts.
• BOGE KOMPRESSOREN GmbH and Co. KG - The company offers screw compressors, piston compressors, scroll compressors, and turbo compressors.
• Danfoss AS - The company offers compressors namely turbocor, reciprocating compressors, and telecom dc compressors.
• For details on the vendor and their offerings – Request a sample report

Compressors Market - Segmentation Assessment

Segment Overview
This report extensively covers market segmentation by end-user (oil and gas, process industry, and discrete industry), type (positive displacement and dynamic), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

• The market share growth by the oil and gas segment will be significant during the forecast period. This growth is attributed to this industry being the greatest contributor to the compressor market. Compressors are used in petroleum refineries for desulfurization and reforming as well as in natural gas plants for compressed gas transportation and gas injection. Pressure fluctuations in oil and gas facilities can cause explosions that destroy equipment and injure workers and thus, oil and gas industry suppliers offer compressors with multivariable transmitters to maintain optimum pressure in oil and gas processing plants. Hence, such factors drive segment growth during the forecast period, leading to an overall market growth.

Geography Overview
By geography, the global compressors market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global compressors market.

• APAC is estimated to account for 35% of the global market growth. Demand for compressors from the APAC oil and gas industry is expected to increase during the forecast period due to the number of offshore and onshore oil and gas activities. While most regions were affected by lower oil prices, APAC did not see a significant decline in investment in the oil and gas industry and a major factor behind the growth of the oil and gas industry can be attributed to the increase in manufacturing activity and the accompanying increase in energy demand. Therefore, the development of the oil and gas industry, makes it necessary to transport these oils and gases to final storage, increasing the demand for compressors. 

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Compressors Market – Market Dynamics

Key Trends - 

• Rising demand for oil-free compressors is a trend that will fuel the global compressors market. 
• Compressors are divided into lubricated compressors and non-lubricated compressors based on the type of lubrication. 
• In recent years, oil-powered compressors gained a higher market share compared to oil-free compressors. 
• However, the growing need for pollution-free air in clean room applications is driving demand for oil-free compressors and oil-free compressor eliminates the risk of product contamination.
• Hence, such factors drive market growth for compressors during the forecast period.

Major challenges - 

• Fluctuating prices of raw materials are a major challenge that can impede the growth of the market. 
• Raw material price volatility affects production costs and results in many major players entering into long-term contracts with their suppliers to reduce the impact of commodity price fluctuations on their businesses.
• But smaller providers do not enter into such agreements as they would require a large investment and thus, fluctuations in commodity prices affect their business.
• Hence, such factors impact the growth of the compressors market during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this Compressors Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the compressors market between 2023 and 2027
• Precise estimation of the size of the compressors market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the compressors market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of compressors market vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

The rotary air compressor market size is expected to increase by USD 3.14 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.9%. Furthermore, this report extensively covers rotary air compressor market segmentation by end-user (manufacturing industry, mining and metallurgy industry, and others) and geography (APAC, Europe, North America, the Middle East and Africa, and South America). The rising number of HVAC installations is one of the major drivers impacting the rotary air compressor market growth.

The predicted growth for the centrifugal compressor market size from 2021 to 2026 is USD 2.97 billion at a progressing CAGR of 4.75%. Furthermore, this centrifugal compressor market forecast report extensively covers segmentation by Product (single-stage and multi-stage), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The growing investment in oil and gas exploration and production activities is notably driving the centrifugal compressor market growth.

Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global compressors market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global compressors market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Oil and gas - Market size and forecast 2022-2027
• Exhibit 34: Chart on Oil and gas - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Oil and gas - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)

• 6.4 Process industry - Market size and forecast 2022-2027
• Exhibit 38: Chart on Process industry - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Process industry - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Process industry - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Process industry - Year-over-year growth 2022-2027 (%)

• 6.5 Discrete industry - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Discrete industry - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Discrete industry - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Discrete industry - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Discrete industry - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)
• Exhibit 47: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 48: Chart on Type - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 50: Chart on Comparison by Type
• Exhibit 51: Data Table on Comparison by Type

• 7.3 Positive displacement - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Positive displacement - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Positive displacement - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Positive displacement - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Positive displacement - Year-over-year growth 2022-2027 (%)

• 7.4 Dynamic - Market size and forecast 2022-2027
• Exhibit 56: Chart on Dynamic - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Dynamic - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Dynamic - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Dynamic - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 60: Market opportunity by Type ($ million)
• Exhibit 61: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Atlas Copco UK 
• Exhibit 115: Atlas Copco UK - Overview
• Exhibit 116: Atlas Copco UK - Business segments
• Exhibit 117: Atlas Copco UK - Key news
• Exhibit 118: Atlas Copco UK - Key offerings
• Exhibit 119: Atlas Copco UK - Segment focus

• 12.4 BOGE KOMPRESSOREN GmbH and Co. KG 
• Exhibit 120: BOGE KOMPRESSOREN GmbH and Co. KG - Overview
• Exhibit 121: BOGE KOMPRESSOREN GmbH and Co. KG - Product / Service
• Exhibit 122: BOGE KOMPRESSOREN GmbH and Co. KG - Key offerings

• 12.5 Danfoss AS 
• Exhibit 123: Danfoss AS - Overview
• Exhibit 124: Danfoss AS - Business segments
• Exhibit 125: Danfoss AS - Key news
• Exhibit 126: Danfoss AS - Key offerings
• Exhibit 127: Danfoss AS - Segment focus

• 12.6 Doosan Portable Power Co. 
• Exhibit 128: Doosan Portable Power Co. - Overview
• Exhibit 129: Doosan Portable Power Co. - Product / Service
• Exhibit 130: Doosan Portable Power Co. - Key offerings

• 12.7 Elgi Equipments Ltd 
• Exhibit 131: Elgi Equipments Ltd - Overview
• Exhibit 132: Elgi Equipments Ltd - Business segments
• Exhibit 133: Elgi Equipments Ltd - Key offerings
• Exhibit 134: Elgi Equipments Ltd - Segment focus

• 12.8 Fusheng Precision Co. Ltd. 
• Exhibit 135: Fusheng Precision Co. Ltd. - Overview
• Exhibit 136: Fusheng Precision Co. Ltd. - Product / Service
• Exhibit 137: Fusheng Precision Co. Ltd. - Key offerings

• 12.9 Hanbell Precise Machinery Co. Ltd.
• Exhibit 138: Hanbell Precise Machinery Co. Ltd. - Overview
• Exhibit 139: Hanbell Precise Machinery Co. Ltd. - Product / Service
• Exhibit 140: Hanbell Precise Machinery Co. Ltd. - Key offerings

• 12.10 Hitachi Ltd. 
• Exhibit 141: Hitachi Ltd. - Overview
• Exhibit 142: Hitachi Ltd. - Business segments
• Exhibit 143: Hitachi Ltd. - Key news
• Exhibit 144: Hitachi Ltd. - Key offerings
• Exhibit 145: Hitachi Ltd. - Segment focus

• 12.11 Indo-Air Compressors Pvt. Ltd. 
• Exhibit 146: Indo-Air Compressors Pvt. Ltd. - Overview
• Exhibit 147: Indo-Air Compressors Pvt. Ltd. - Product / Service
• Exhibit 148: Indo-Air Compressors Pvt. Ltd. - Key offerings

• 12.12 Ingersoll Rand Inc. 
• Exhibit 149: Ingersoll Rand Inc. - Overview
• Exhibit 150: Ingersoll Rand Inc. - Business segments
• Exhibit 151: Ingersoll Rand Inc. - Key offerings
• Exhibit 152: Ingersoll Rand Inc. - Segment focus

• 12.13 KAESER KOMPRESSOREN SE 
• Exhibit 153: KAESER KOMPRESSOREN SE - Overview
• Exhibit 154: KAESER KOMPRESSOREN SE - Product / Service
• Exhibit 155: KAESER KOMPRESSOREN SE - Key offerings

• 12.14 Kaishan Compressor USA 
• Exhibit 156: Kaishan Compressor USA - Overview
• Exhibit 157: Kaishan Compressor USA - Product / Service
• Exhibit 158: Kaishan Compressor USA - Key offerings

• 12.15 Parker Hannifin Corp. 
• Exhibit 159: Parker Hannifin Corp. - Overview
• Exhibit 160: Parker Hannifin Corp. - Business segments
• Exhibit 161: Parker Hannifin Corp. - Key news
• Exhibit 162: Parker Hannifin Corp. - Key offerings
• Exhibit 163: Parker Hannifin Corp. - Segment focus

• 12.16 Siemens Energy AG 
• Exhibit 164: Siemens Energy AG - Overview
• Exhibit 165: Siemens Energy AG - Business segments
• Exhibit 166: Siemens Energy AG - Key news
• Exhibit 167: Siemens Energy AG - Key offerings
• Exhibit 168: Siemens Energy AG - Segment focus

• 12.17 Sulzer Management Ltd. 
• Exhibit 169: Sulzer Management Ltd. - Overview
• Exhibit 170: Sulzer Management Ltd. - Business segments
• Exhibit 171: Sulzer Management Ltd. - Key news
• Exhibit 172: Sulzer Management Ltd. - Key offerings
• Exhibit 173: Sulzer Management Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations 
• Exhibit 180: List of abbreviations 

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio