The report "Industrial Air Compressor Market by Type (Positive Displacement & Dynamic), Maximum Pressure (0–20 bar, 20–100 bar & above), Output Power (0–50 kW, 50–250 kW, 250–500 kW & above), Seal (Oil immersed & Oil free), End-Use - Global Forecast to 2021", The industrial air compressor market is projected to grow from an estimated USD 25.71 Billion in 2016 to USD 34.87 Billion by 2021, at a CAGR of 6.3%. Expansion of liquefaction and regasification facilities across globe, rising demand for energy efficient compressors, and rapid industrialization in emerging economies are the key driving factors for industrial air compressors.

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Positive displacement compressors to dominate the market during the forecast period

Positive displacement compressors are expected to hold a larger share of the market by product type in the industrial air compressor market. Growing demand for high output pressure compressors is likely to be the major driving factor. Reciprocating and rotary are the two types of technologies available in positive displacement compressors. Rotary compressors have low maintenance cost and are more efficient compared to reciprocating compressors but are only available in the low to medium output pressure range. The market for rotary compressors is expected to grow at the highest rate among other compressor technologies during the forecast period due to their wide range of applications and high efficiency.

Oil & Gas industry to hold the largest share in the industrial air compressor market from 2016 to 2021

The oil & gas industry is the largest contributor to the industrial air compressor market, and also acts as a key driver of the market. Though upstream investments have witnessed a sharp fall in the last two years, large investments are planned to construct gas liquefaction trains in the U.S. and Australia. Moreover, China and India are expanding their regasification facilities. New cross border pipeline networks being planned for oil & gas transportation which would also drive the compressor market. The industrial air compressor market is driven by the rapid industrialization of emerging economies such as China, Saudi Arabia, India, South Africa, and other South Asian countries. Furthermore, the demand for advanced and efficient compressors has boosted the demand for air compressors in several manufacturing industries.

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The points given below explain the research methodology.

·         Study of annual revenue and market developments of major players providing industrial air compressors

·         Analysis of major applications of and demand for industrial air compressors from end-user industries

·         Assessment of future trends and growth of end-user industries

·         Assessment of industrial air compressor market with respect to the type of compression method used for different applications

·         Study of market trends in various regions/countries supported by application of industrial air compressor in the manufacturing, power generation, oil & gas, chemicals & petrochemicals, food & beverages, and others

·         Study of contracts and developments related to industrial air compressor, for key players, across different regions

·         Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing industrial air compressor across the globe