India Air Compressor Market (2024-2030) | Trends, Value, Revenue, Forecast, Analysis, Outlook, Growth, Industry, Size, Share, Segmentation & COVID-19 IMPACT
Market Forecast By Types (Portable and Stationary), By Lubrication Method (Oil-Injected and Oil Free), By Technology (Rotary (0-75kW, 76-160kW, and Above 160kW), Centrifugal (0-500kW and Above 500kW), Reciprocating (0-10kW and Above 10kW)), By Applications (Industrial, Construction, Oil & Gas, Food & Beverages and Others)and Competitive Landscape
| Product Code: ETC191136 | Publication Date: Aug 2024 | Updated Date: Aug 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 4 | |
India Air Compressor Market Competition 2023
India Air Compressor market currently, in 2023, has witnessed an HHI of 3255, Which has increased slightly as compared to the HHI of 2563 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
India Export Potential Assessment For Air Compressor Market (Values in USD Thousand)
India Air Compressor Market Highlights
| Report Name | India Air Compressor Market |
| Forecast period | 2024-2030 |
| CAGR | 7.1% |
| Growing Sector | Industrial |
Topics Covered in the India Air Compressor Market Report
The India Air Compressor Market report diversely covers the market by Types, Lubrication Method, Technology, Applications. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers that would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Air Compressor Market Synopsis
The India Air Compressor Market is progressing and is projected to observe consistent growth in the forecast period. The increasing demand for compressed air in various industries and technological advancements are driving growth in the market.
According to 6Wresearch, the India Air Compressor Market is anticipated to grow at a CAGR of 7.1% in the forecast period. The growth in the market is fueled by various factors such as the increasing demand from various end-user industries, the rise of energy-efficient air compressors, and technological advancements. The increasing usage of air compressors such as reciprocating compressor, rotary screw compressor, centrifugal compressors in end-user industries such as automotive, food and beverage has been propelling the air compressors market growth in recent years. Additionally, the government initiatives for promoting energy-efficient products and increasing awareness about sustainable practices have further contributed to the growth of the air compressor market in India.
Despite the growth in the market, the India Air Compressor Market is facing certain challenges that can hinder its growth in the forecast period. The primary challenge is the high competition among local and international manufacturers. This has led to pricing pressures and reduced profit margins for companies. Moreover, Additionally, strict regulations regarding emissions and noise pollution may also pose a challenge for manufacturers to produce efficient and environmentally friendly air compressors.
India Air Compressor Market: Key Players
The primary players in the market include Atlas Copco, Ingersoll Rand, ELGi Equipments Ltd., Kaeser Kompressoren, and Hitachi Industrial Equipment Systems Co., Ltd. These companies are consistently investing in Research and Development activities to develop innovative products and expand their market reach. Currently, Atlas Copco holds the largest share in the market.
India Air Compressor Market: Government Regulations
The Indian government has implemented various regulations to ensure the safety and efficiency of air compressors in the country. The Bureau of Energy Efficiency (BEE) has set mandatory energy efficiency standards for air compressors, which require manufacturers to adhere to certain energy consumption levels. This has led to the development and adoption of more energy-efficient air compressor models in the market. Moreover, the government has also launched schemes such as the National Mission on Electric Mobility (NMEM) and Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) to promote the use of electric vehicles, which are powered by air compressors.
Future Insights of the Market
The India Air Compressor Market has been experiencing significant growth in recent years and is expected to continue its growth trajectory in the coming years driven by factors such as growth of the oil & gas and food & beverage industry. The increasing demand for compressed air in various industries, coupled with government initiatives to promote Make in India and sustainability, will continue to drive the market. Additionally, the increasing demand for portable and oil-free air compressors due to their ease of use and low maintenance requirements will also contribute to market expansion. Furthermore, features like inflating vehicles, air beds, and balloons are expected to drive the market in future.
Market Segmentation By Types
According to Dhaval, Research Manager, 6Wresearch, the stationary air compressor segment holds the dominant share in the market due to its efficient and reliable performance in various industries.
Market Segmentation By Lubrication Method
The Oil Free segment holds the dominant share in the market because it is lighter in weight, relatively affordable, and produces equal airflow and pressure as compared to its oil-lubricated counterparts.
Market Segmentation By Technology
The Rotary (0-75kW) segment holds the dominant share in the market due to its high energy efficiency and reliability.
Market Segmentation By Applications
The Industrial application segment holds the dominant share in the market due to the increasing demand for high-quality air supply and the burgeoning industrial sector.
Key Attractiveness of the Report
- 10 Years Market Numbers
- Historical Data Starting from 2020 to 2023
- Base Year: 2023
- Forecast Data until 2030
- Key Performance Indicators Impacting the Market
- Major Upcoming Projects and Developments
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 2020-2030
- Historical & Forecast Data of India Portable Air Compressor Market Revenues & Volume for the Period 2020-2030
- Historical & Forecast Data of India Stationary Air Compressor Market Revenues & Volume for the Period 2020-2030
- Historical & Forecast Data of India Oil Injected Air Compressor Market Revenues & Volume for the Period 2020-2030
- Historical & Forecast Data of India Oil-Free Air Compressor Market Revenues & Volume for the Period 2020-2030
- Historical & Forecast Data of India Rotary Air Compressor Market Revenues & Volume for the Period 2020-2030
- Historical & Forecast Data of India Centrifugal Air Compressor Market Revenues & Volume for the Period 2020-2030
- Historical & Forecast Data of India Reciprocating Air Compressor Market Revenues & Volume for the Period 2020-2030
- Historical & Forecast Data of India Air Compressor Applications Market Revenues for the period 2020-2030
- Historical & Forecast Data of India Air Compressor Regional Market Revenues for the Period 2020-2030
- 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
Market Segmentation
The report offers a comprehensive study of the following market segments:
By Types
- Portable
- Stationary
By Lubrication Method
- Oil-Injected
- Oil Free
By Technology
- Rotary
- 0-75kW
- 76-160kW
- Above 160kW
- Centrifugal
- 0-500kW
- Above 500kW
- Reciprocating
- 0-10kW
- Above 10kW
By Applications
- Industrial
- Construction
- Oil & Gas
- Food & Beverages
- Others
India Air Compressor Market (2024-2030): FAQs
The market growth is primarily driven by the increasing demand for compressed air in various industries and technological advancements.
The high competition among local and international manufacturers are the primary challenges faced by the market.
The Industrial applications segment holds the largest market share in the market.
Key players include Atlas Copco, Ingersoll Rand, Sullair, and Kaeser Compressors.
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 India Air Compressor Market Overview |
| 3.1 India Country Macro Economic Indicators |
| 3.2 India Air Compressor Market Revenues & Volume, 2020 & 2030F |
| 3.3 India Air Compressor Market - Industry Life Cycle |
| 3.4 India Air Compressor Market - Porter's Five Forces |
| 3.5 India Air Compressor Market Revenues & Volume Share, By By Type, 2020 & 2030F |
| 3.6 India Air Compressor Market Revenues & Volume Share, By By Product, 2020 & 2030F |
| 3.7 India Air Compressor Market Revenues & Volume Share, By By Lubrication, 2020 & 2030F |
| 3.8 India Air Compressor Market Revenues & Volume Share, By By Application, 2020 & 2030F |
| 4 India Air Compressor Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 India Air Compressor Market Trends |
| 6 India Air Compressor Market, By Types |
| 6.1 India Air Compressor Market, By By Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 India Air Compressor Market Revenues & Volume, By By Type, 2020-2030F |
| 6.1.3 India Air Compressor Market Revenues & Volume, By Portable, 2020-2030F |
| 6.1.4 India Air Compressor Market Revenues & Volume, By Stationary, 2020-2030F |
| 6.2 India Air Compressor Market, By By Product |
| 6.2.1 Overview and Analysis |
| 6.2.2 India Air Compressor Market Revenues & Volume, By Reciprocating/Piston, 2020-2030F |
| 6.2.3 India Air Compressor Market Revenues & Volume, By Rotary/Screw, 2020-2030F |
| 6.2.4 India Air Compressor Market Revenues & Volume, By Centrifugal, 2020-2030F |
| 6.3 India Air Compressor Market, By By Lubrication |
| 6.3.1 Overview and Analysis |
| 6.3.2 India Air Compressor Market Revenues & Volume, By Oil-Filled, 2020-2030F |
| 6.3.3 India Air Compressor Market Revenues & Volume, By Oil-Free, 2020-2030F |
| 6.4 India Air Compressor Market, By By Application |
| 6.4.1 Overview and Analysis |
| 6.4.2 India Air Compressor Market Revenues & Volume, By Manufacturing, 2020-2030F |
| 6.4.3 India Air Compressor Market Revenues & Volume, By Semiconductors & Electronics, 2020-2030F |
| 6.4.4 India Air Compressor Market Revenues & Volume, By Food & Beverage, 2020-2030F |
| 6.4.5 India Air Compressor Market Revenues & Volume, By Healthcare/Medical, 2020-2030F |
| 6.4.6 India Air Compressor Market Revenues & Volume, By Home Appliances, 2020-2030F |
| 6.4.7 India Air Compressor Market Revenues & Volume, By Energy, 2020-2030F |
| 6.4.8 India Air Compressor Market Revenues & Volume, By Others, 2020-2030F |
| 6.4.9 India Air Compressor Market Revenues & Volume, By Others, 2020-2030F |
| 7 India Air Compressor Market Import-Export Trade Statistics |
| 7.1 India Air Compressor Market Export to Major Countries |
| 7.2 India Air Compressor Market Imports from Major Countries |
| 8 India Air Compressor Market Key Performance Indicators |
| 9 India Air Compressor Market - Opportunity Assessment |
| 9.1 India Air Compressor Market Opportunity Assessment, By By Type, 2020 & 2030F |
| 9.2 India Air Compressor Market Opportunity Assessment, By By Product, 2020 & 2030F |
| 9.3 India Air Compressor Market Opportunity Assessment, By By Lubrication, 2020 & 2030F |
| 9.4 India Air Compressor Market Opportunity Assessment, By By Application, 2020 & 2030F |
| 10 India Air Compressor Market - Competitive Landscape |
| 10.1 India Air Compressor Market Revenue Share, By Companies, 2023 |
| 10.2 India Air Compressor Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
Market Forecast 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) And Competitive Landscape
| Product Code: ETC191136 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
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
Pricing
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- Site License$ 3,120
- Global License$ 3,795
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