India Air Compressor Market Synopsis

India Air compressor Market is forecast to grow at a progressive rate in the upcoming years. In general, air compressors are widely used in various industries such as construction, power, automotive, food & beverage, electronics, and manufacturing. In India, the demand for air compressors is cumulative due to the growing industrial sector and on the other hand, the automotive industry is the major consumer of air compressors in India which further augmenting the Air Compressor Market Size in India. Air compressors are used in automotive applications such as painting and powertrain assembly. Air compressors are used in food & beverage applications such as canning, bottling, and packaging. Additionally, the construction industry and electronics industry are another major consumer of air compressors in India. The India Air Compressor Market is anticipated to grow rapidly owing to the factors such as the growing demand for portable air compressors and increasing investment in the construction industry.

According to 6Wresearch, India Air Compressor Market is expected to grow during 2022-2028. Air compressors are widely used in various industries such as automotive, food & beverages, construction, and manufacturing. The major factors driving the growth of the market include the growing demand for compressed air in various end-use industries and the increasing need for energy-efficient compressors. The manufacturing sector is the largest end-use industry for India Air Compressor Market which is a part of Asia Pacific Air Compressor Market and is projected to grow at remarkable rate during the forecast period on the back of increasing investment in the chemical, automotive, and metal & mining industries. Moreover, the government's initiatives to promote industrialization are also expected to fuel the market growth over the forecast period. However, the high initial cost, maintenance cost, and increasing operational cost of air compressors are some of the major factors restraining the India Air Compressor Market growth.  In addition, lack of skilled labor and power outages are other challenges faced by manufacturers operating in this market.

Impact of COVID-19 on India Air Compressor Market

The pandemic has led to a decrease in demand for Air Compressor Market in India due to the slowdown of industrial activity and manufacturing units. Additionally, the implementation of lockdown measures across the country has disrupted the supply chain of air compressors leading to shortages and increasing prices. However, the market is expected to recover in the coming years as the Indian economy begins to rebound from the pandemic.

Market analysis based on Type

On the basis of Type, the Stationary segment is account to hold the major share of Air Compressor Industry in India due to their wide utilization in various manufacturing industries such as automotives, oil and gas, food and beverage, and machinery. Stationary are the rich sources of power and are specially designed to store greater quality of air.

Market analysis based on Application

By Application, the market is categorized into Manufacturing, Home Appliances, Semiconductors & Electronics, Food & Beverage, Healthcare/Medical, Energy, Oil & Gas, and Others. Among these, Healthcare has been the major application segment which is accounted to lead the India Air Compressor Market share during the forecast period.

Competitive Landscape

The India Air Compressor Market is highly competitive with a large number of regional and international players. These companies hold a significant share in the market due to their wide distribution network, strong brand equity, and wide product range. The market is further fragmented by the presence of a large number of unorganized players in the country.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Air Compressor Market Outlook
• Market Size of India Air Compressor Market, 2021
• Forecast of India Air Compressor Market, 2028
• Historical Data and Forecast of India Air Compressor Revenues & Volume for the Period 2018 - 2028
• India Air Compressor Market Trend Evolution
• India Air Compressor Market Drivers and Challenges
• India Air Compressor Price Trends
• India Air Compressor Porter's Five Forces
• India Air Compressor Industry Life Cycle
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Portable for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Stationary for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Product for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Reciprocating/Piston for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Rotary/Screw for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Centrifugal for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Lubrication for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Oil-Filled for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Oil-Free for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Manufacturing for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Semiconductors & Electronics for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Food & Beverage for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Healthcare/Medical for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Home Appliances for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Energy for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Oil & Gas for the Period 2018 - 2028
• Historical Data and Forecast of India Air Compressor Market Revenues & Volume By Others for the Period 2018 - 2028
• India Air Compressor Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Lubrication
• Market Opportunity Assessment By Application
• India Air Compressor Top Companies Market Share
• India Air Compressor Competitive Benchmarking By Technical and Operational Parameters
• India Air Compressor Company Profiles
• India Air Compressor Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By  Type

• Portable
• Stationary

By Product

• Reciprocating/Piston
• Rotary/Screw
• Centrifugal

By Lubrication

• Oil-Filled
• Oil-Free

By Application

• Manufacturing
• Semiconductors & Electronics
• Food & Beverage
• Healthcare/Medical
• Home Appliances
• Energy
• Oil & Gas
• Others

Frequently Asked Questions About the Market Study: FAQs

1. What are the major challenges faced by India Air Compressor Market?

High maintenance and high cost of installation or operational costs are expected to be the major challenges for the market growth potential.

2. What are the key growth drivers for the market?

Increasing demand from various end-use industries such as food & beverage, automotive, power and others. Additionally, technological innovations and high demand for air compressors are the key drivers for the market growth.

3. What is the size of India Air Compressor Industry?

The Air Compressor Market size in India is forecast to grow at a CAGR of XX% in the coming years.

4. Which industry is the major consumer of air compressors?

The automotive industry is the major consumer of air compressors.