To encourage consumers to choose next-generation products, leading manufacturers are creating environmentally friendly and low-maintenance systems. Aside from that, ongoing investments in the industry and non-oil-based projects are making the demand for air compressors grow. Also, air monitoring systems are extensively installed to measure the impact of air and gas compressors. In addition, increasing air quality concerns have been raised due to the growing number of gas compressor stations. As a result of their cost-effective operation, energy-efficient compressors are experiencing an increase in demand. Market Dynamics: Drivers, Restraints, and OpportunitiesĪir compressors are increasingly being used in critical end-use industries due to their variable-speed control, low maintenance cost, and ability to retrofit existing systems. In addition, as the WHO (World Health Organization) is under scrutiny for investigating the rare possibility of aerosols being created by air compressors, frequent filter sterilization is crucial to prevent product contamination. In addition, in light of the COVID-19 epidemic, they are continuously monitoring the situation to use the advice given to them by local governments about hygiene and safety practices in the workplace.Īccording to research, compressed air may be a source of coronavirus, making it imperative to install sterile air filters in devices to prevent the contamination of food and pharmaceuticals. As a result, industrial air compressor manufacturers focus on providing their customers with the best products and services possible to maintain their business continuity plans. consider air compressors essential for critical industries. Hence, the oil and gas industry has experienced an increase in investments and an increase in growth.ĭue to the Coronavirus outbreak (COVID-19), CDC (Centers for Disease Control and Prevention), federal, state, and local governments in the U.S. ![]() This, in turn, hampered the market for air compressors, witnessing a significant decline in sales and profits.Ĭovid 19 pandemic has abruptly affected the growth of the industry. Moreover, due to the 2nd wave of COVID-19 cases across the globe, partial lockdowns had to be enacted in many countries. However, governments worldwide implemented strict lockdowns in 2020 to control the spread of the COVID-19 infection. The infrastructure investments fuel the market to improve connectivity in cross-border pipeline networks, increasing demand for energy-efficient air compressors, and rapid industrialization in expanding economies such as India, China, Saudi Arabia, UAE, South Africa, and Brazil. Because of this, air compressors are steadily being installed in various industries. In addition to powering pneumatic tools, this pressurized air is used to compress gas for transportation, cutting and welding, packaging, cooling, and freezing, among other things. ![]() The industrial air compressors are equipped with power conversion systems that convert power into potential energy and store it as pressurized air. The global industrial air compressor market size was $32.42 Billion in 2021 and is predicted to grow at a CAGR of 3.9% to reach $43.75 Billion by 2030 during the forecast period of 2021 - 2030.
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