Industrial Air Compressor Market Worth $34.87 Billion by 2021 - Rapid Industrialization in Emerging Economies is Driving Growth - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Industrial Air Compressor Market - Global Forecast to 2021" report to their offering.

The industrial air compressor market is projected to reach USD 34.87 billion by 2021, growing at a CAGR of 6.3% from 2016 to 2021. Industrial air compressors are used to increase pressure by converting power into potential energy, which is stored in pressurized air.

This pressurized air is used to power pneumatic tools, to compress gas for transport, cutting & welding, packaging, cooling, and freezing, among others. Rapid industrialization in emerging economies, investments to improve cross border oil & gas pipeline networks, and increasing awareness about energy saving and efficiency are expected to drive the industrial air compressor market. Declining LNG imports in the U.S., Japan, and South Korea is a restraining factor for industrial compressors.

Asia-Pacific is currently the largest market for industrial air compressors, closely followed by North America. The Asia-Pacific market is primarily driven by countries such as China, India, Australia, and Thailand, among others, where there is high demand for industrial air compressors. The market in this region is projected to grow at a high rate, with China expected to dominate the market.

Companies Mentioned:

  • Atlas Copco AB
  • Doosan Infracore Co. Ltd.
  • Elliot Group Ltd.
  • GE Oil & Gas
  • Gadner Denver, Inc.
  • Hitachi Ltd
  • Howden Group Ltd.
  • Ingersoll-Rand PLC.
  • Kirloskar Pneumatics Co. Ltd
  • Kobe Kompressoren.
  • Kobe Steel Ltd
  • Man SE
  • Mitsubishi Heavy Industries, Ltd
  • Siemens AG
  • Sulzer AG

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 End-User Trends

7 Industrial Air Compressor Market, By Product Type

8 Industrial Air Compressor Market, By End-User

9 Industrial Air Compressor Market, By Region

10 Competitive Landscape

11 Company Profiles

12 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/294378/industrial_air

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Compressors

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Compressors