Compressor Market - Introduction

Compressor is a mechanical equipment used to increase the pressure of the gas and reduce its volume. It is used to supply air or gas at higher pressure. Compressors consist of a power source and compressing mechanism. Speed of rotation, pressure at discharge, pressure at suction, and type of refrigerant being used contributes to the performance of a compressor. Compressors can be operated at different capacities by varying refrigerant and power input.  Compressors are segmented into two types: dynamic compressor and positive displacement compressor. Positive displacement compressor uses the mechanical linkage to compress the air and reduce its volume. Dynamic compressor works on inertia and momentum of fluid. Positive displacement compressor is further segmented into rotary and reciprocating compressor while dynamic compressor is classified as centrifugal and axial compressor. Compressors are used in many industries such as automobile, electronics, steel, chemical, food processing industry, and construction.

Compressor Market – Competitive Landscape

Atlas Copco

Atlas Copco was founded in 1873 and is based in Sweden. The company has a global presence and its products are sold in more than 180 countries. Atlas Copco provides compressors, vacuum solutions, generators, pumps, power tools, and assembly systems. The company supplies products to automotive, textile, chemical, cement, food & beverages, and pharmaceutical industries. Atlas Copco’s compressors were used in the 2019 FIS Alpine World Ski Championships.

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Siemens AG

Siemens is a German multinational company with its headquarters in Munich. It was founded in 1847 by Verner von Siemens. Siemens has grown tremendously through mergers and acquisitions. The company is now focusing on digitalization. It acquired UGS Corp. in 2007. The company has its network spread over more than 200 countries.

Wuxi Compressor Co Ltd

Wuxi compressor Co Ltd was founded in December 1955. The company is located in Wuxi City, China. The company holds 20 patents for invention and 16 patents for utility models. The products of the company are divided in four major categories which are Process Compressors, Centrifugal Compressors, General Compressors, and Airfield Ground Support Equipment.

Compressor Market – Dynamics

Compressors are used to meet the requirement of high pressure gas. It essentially converts low pressure gas to high pressure gas. Power generation and manufacturing industries are the biggest consumers of natural gas. Increasing demand for electricity in developing countries is expected to drive the market for natural gas which in turn is anticipated to increase the demand for compressors in the coming years. The growth of the manufacturing sector in different countries may help the compressor market to grow in the near future. Big players are making compressors more efficient and eco-friendly with the help of growing technology, which would make conventional compressors viable and increase the demand for compressors. Compressed air is used in equipment such as nut runners. Compressor is an essential equipment in Heating Ventilation and Air Conditioning Equipment (HVAC). HVAC is likely to grow during the forecast period due to increase in construction activities, smart home market, and energy efficient systems. Compressors require huge capital cost. Along with it comes installation, maintenance, and electricity cost, handling air leaks, and large repairs which may impact the compressor market and act as a restraint.

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Compressor Market – Segmentation

The compressor market can be bifurcated on the basis of:

  • Type
  • Industry
  • Region

Compressor Market Segmentation – by Type

On the basis of type, the compressor market can be fragmented into:

  • Positive displacement
    1. Reciprocating
    2. Rotary
  • Dynamic
    1. Centrifugal
    2. Axial

Compressor Market Segmentation – by Industry

Based on industry, the compressor market can be fragmented into:

  • Automotive
  • Steel
  • Chemical
  • Medical
  • Others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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Compressor Market

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