India Air Compressor Market (2020-2026) | Size, Share, Revenue, Analysis, Forecast, industry, Trends, Outlook & COVID-19 IMPACT

Latest 2023 Development of the India Air Compressor Market

India Air Compressor Market is projected to grow at the highest CAGR and it is being driven by increasing demand from various end-user industries, the rise of energy-efficient air compressors, and technological advancements. The market has also encountered the latest developments such as investments in renewable energy to support the country's transition to renewable energy. Additionally, the compressor manufacturer ELGi Equipments announced a partnership with Indian Railways to provide compressed air solutions for the railways' workshop equipment. The launch of new products such as oil-free scroll compressors which are designed for applications in food and beverage, pharmaceuticals, and electronics industries.

With the growth of industries such as manufacturing and automotive, the demand for the air compressors market in India has significantly increased. Moreover, India is investing heavily in infrastructure development which requires air compressors for various applications. The growing construction sector is leading to the increasing demand for air compressors for applications such as powering pneumatic tools. Furthermore, the automotive industry in India is expanding which has resulted in the growing demand for air compressors for painting, welding, and cleaning applications. 

India Air Compressor Market Synopsis

India Air Compressor Market is expected to witness consistent growth due to the rise in demand for such devices from the oil & gas sector, as the government of India initiated the “Hydrocarbon Exploration and Licensing Policy” (HELP) for the development and growth of the oil & gas (ONG) sector in India. Furthermore, the growth of the manufacturing sector is supported by government initiatives such as “National Manufacturing Policy (NMP)” and “Electronics Policy”. Developments across the aforementioned sectors would propel the growth of the India air compressor market in the coming years.

According to 6Wresearch, India Air Compressor Market is anticipated to register growth during 2020-2026F. In the coming years, IoT-enabled compressors are anticipated to offer growth prospects for the market players due to the growing need to operate energy-efficient compressors. Better rotor profiles, machining improvements, and design innovations are a few factors that are leading to increasing up-gradation demand. Further, to predict and detect maintenance needs, it becomes necessary to adopt sensor-based compressors, and hence sensor integrated compressors would witness higher demand in the near future. Also, the next-generation compressed air systems market with an eco-friendly stance will encourage end-users such as mining, power, metallurgy, and electronics to create demand for technologically enhanced air compressors.

Based on portability, the India compressor market is categorized as stationary and portable compressors, of which the stationary category is expected to register faster growth during the forecast period. Such a trend is primarily attributed to the growing automotive and manufacturing industries in the country. Stationary compressors are suitable for automotive applications, such as rotating tires and other small tasks. Also, with car manufacturers focusing on foreign markets, their investments in innovation, and increasing foreign direct investment (FDI)  would increase the demand for air compressors in the Indian market.

The India air compressor report thoroughly covers the market by types, lubrication, technology, and applications. The India air compressor market outlook report provides an unbiased and detailed analysis of the India air compressor market trends, opportunities high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India air compressor market is expected to witness substantial growth in the upcoming six years on the back of the profound growth of the oil & gas and food & beverage industry. Further, on the basis of end-users, the construction sector is expected to dominate the overall market revenues in the India air compressor market as a result of the steady requirement for power in order to operate certain equipment like power drillers and compactor and as air compressors provide uninterrupted power, it is turning out to be a utility product for the construction industry and is expected to foster the demand for air compressors during the forecast period. Further, certain intelligent features like inflating vehicles, air beds, and balloons are expected to act as a backbone for the potential future growth of the India air compressor market in the coming foreseeable future.

The construction industry is expected to be a growth contributing factor for the Indian air compressor market in the coming time zone. Upcoming industrial construction projects in the country are expected to contribute towards the superior growth patterns of the air compressor as demand for new fittings is expected to be registered backed by the new construction taking place. Since the construction process has been on a halt owing to the undergoing pandemic at present, but with the number of COVID cases falling down, the construction industry is expected to be revamped and witness swashbuckling growth and as a result, is expected to be of great importance for the growth of the air compressor in the country in the near future. Some of the ongoing industrial construction projects in the country are The Halt in Greater Noida, The Wing in Greater Noida, One Indiabulls Blu Tower D in Mumbai, and many more which are expected to bring in bountiful opportunities for the market players of India air compressor market in the coming time zone.

• The Halt, Greater Noida
• The Wing, Greater Noida

India air compressor market is expected to gain momentum in the coming timeframe on the back of the rising growth of the automotive sector in the country. The increase in the purchase of passenger vehicles and two-wheelers and three-wheelers, and also is estimated to gain popularity coupled with an increase in the automobile export practices in the country. In line with this,  all these impacts positive and have widened the scope of product deployment On gas stations use to inflate tires and are expected to boost the optimistic growth of the Indian air compressor market in the upcoming six years.

Key Highlights of the Report:

• India Air Compressor Market Overview
• India Air Compressor Market Outlook
• India Air Compressor Market Forecast
• India Air Compressor Market Size
• Historical & Forecast Data of India Air Compressor Market Revenues & Volume for the Period 2016-2026
• Historical & Forecast Data of India Portable Air Compressor Market Revenues & Volume for the Period 2016-2026
• Historical & Forecast Data of India Stationary Air Compressor Market Revenues & Volume for the Period 2016-2026
• Historical & Forecast Data of India Oil Injected Air Compressor Market Revenues & Volume for the Period 2016-2026
• Historical & Forecast Data of India Oil-Free Air Compressor Market Revenues & Volume for the Period 2016-2026
• Historical & Forecast Data of India Rotary Air Compressor Market Revenues & Volume for the Period 2016-2026
• Historical & Forecast Data of India Centrifugal Air Compressor Market Revenues & Volume for the Period 2016-2026
• Historical & Forecast Data of India Reciprocating Air Compressor Market Revenues & Volume for the Period 2016-2026
• Historical & Forecast Data of India Air Compressor Applications Market Revenues for the period 2016-2026
• Historical & Forecast Data of India Air Compressor Regional Market Revenues for the Period 2016-2026
• Market Drivers and Restraints
• India Air Compressor Market Trends & Industry Life Cycle
• Porter’s Five Forces Analysis
• Market Opportunity Assessment
• India Air Compressor Market Overview, By Competitive Benchmarking
• Market Share, By Technology
• Recent Market Trends
• Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

By Types

• Portable
• Stationary

By Lubrication Method

• Oil-Injected
• Oil-Free

• By Technology

  • Rotary
    • Up to 75kW
    • 76-160kW
    • Above 160kW
  • Centrifugal
    • Up to 500kW
    • Above 500kW
  • Reciprocating
    • Up to 10kW
    • Above 10kW

By Applications

• Industrial
• Construction
• Oil & Gas
• Food & Beverages
• Others (Petrochemicals and Mining)