India Air Compressor Market Research Report, 2029

India's Air Compressor Market Projects a Value Addition of Over USD 450 Million (2024-2029), Fueled by Manufacturing and Infrastructure Growth.

The air compressor market in India is rapidly expanding, driven by the country's robust industrial sector, economic growth, and increasing demand for energy-efficient technologies. The market includes a variety of air compressors such as reciprocating, rotary screw, and centrifugal compressors, serving diverse applications across manufacturing, automotive, construction, food and beverage, and healthcare industries. India's push towards industrialization and modernization, along with infrastructure development and a thriving small and medium enterprise (SME) sector, contributes to the demand for air compressors. Changes in raw material costs, such as steel, Aluminium, and copper, can significantly impact air compressor pricing in India. As these materials form a substantial part of production expenses, fluctuations in their prices can lead to adjustments in manufacturing costs, influencing the final pricing of compressors. Additional factors such as energy costs, labor expenses, and currency exchange rates can also play a role in pricing strategies. Manufacturers may pass these cost variations on to customers, affecting affordability and demand. The main customers of air compressors in India come from a broad range of industries including automotive, chemical, pharmaceuticals, and food and beverage. These sectors use air compressors for various purposes such as powering pneumatic tools, machinery, and production processes. The construction and energy sectors also contribute significantly to market demand, as air compressors are essential for drilling, material handling, and power generation. With India's focus on energy efficiency and environmental sustainability, there is increasing demand for compressors that offer advanced features like variable-speed drives and energy-saving technologies. In summary, the air compressor market in India is set for continued growth, supported by the nation's industrial expansion and emphasis on efficiency and sustainability. Manufacturers must manage changes in raw material costs and other economic factors while meeting the evolving needs of their diverse customer base across different sectors. Adapting to these challenges will help maintain competitiveness and seize opportunities in the growing Indian market. According to the research report "India Air Compressor Market Research Report, 2029," published by Actual Market Research, the India Air Compressor Market is projected to value add more than USD 450 Million from 2024 to 2029. The growth of the air compressor market in India is driven by the country's robust industrial base and rapid economic development. Key industries such as automotive, manufacturing, construction, food and beverage, and pharmaceuticals create substantial demand for air compressors for applications including powering pneumatic tools, machinery, and production processes. India's focus on expanding its infrastructure, including transportation, utilities, and housing, fuels demand for portable and high-performance compressors in various construction projects. The emphasis on energy efficiency and environmental sustainability encourages industries to adopt advanced air compressor technologies, such as variable-speed drives and intelligent control systems, to optimize energy use and lower operating costs. This trend aligns with India's regulatory standards and initiatives to reduce carbon emissions and promote clean technologies. The rise of Industry 4.0 and smart manufacturing in India promotes the use of compressed air for automation and precision engineering, boosting demand for technologically advanced compressors. India's strong engineering and manufacturing capabilities support continuous innovation in the air compressor market, enabling domestic manufacturers to produce state-of-the-art products tailored to specific industry needs. Additionally, the growth of small and medium-sized enterprises (SMEs) across various sectors expands the customer base for air compressors, particularly for compact, versatile, and energy-efficient models. India's strategic location and robust export orientation facilitate the supply of compressors to international markets, contributing to overall market growth. The combination of these factors creates a dynamic and evolving market landscape for air compressors in India.

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The air compressor market is broadly categorized into four main segments: mode of operation, product, lubrication, and application. By mode of operation, rotary air compressors are leading the segment due to their efficiency, durability, and ability to provide a constant flow of compressed air for various industrial applications. Centrifugal compressors and reciprocating compressors also play significant roles in meeting specific needs across different industries. By product, stationary air compressors are the leading and fastest-growing segment, primarily due to their widespread use in industrial settings where a consistent and powerful source of compressed air is required for production processes and machinery. Portable air compressors, while also important, are typically favored for applications where mobility and flexibility are key, such as construction sites and outdoor projects. In terms of lubrication, oil-filled compressors are the dominant and growing category, as they offer excellent performance, reliability, and longevity for heavy-duty applications. Oil-free compressors, though less common, are gaining traction in industries that demand clean air, such as food and beverage, healthcare, and electronics. By application, the manufacturing sector is the leading and growing segment due to its extensive reliance on compressed air for powering tools, machinery, and automation processes. Other significant application areas include oil and gas, energy and power, semiconductor manufacturing, healthcare, food and beverage, and a variety of other industries. Each of these sectors requires air compressors for different purposes, such as extraction and refining processes in oil and gas, power generation in energy and power, and precision operations in semiconductor manufacturing. Overall, the diversity of these segments reflects the broad demand for air compressors across various industries and highlights the importance of choosing the right type and size of compressor for specific applications. The air compressor market in India faces several challenges that can impact its growth and competitiveness. One key challenge is the intense competition from both domestic and international manufacturers, which puts pressure on local producers to maintain high quality while keeping costs competitive. Additionally, the market must navigate the increasing demand for energy-efficient and technologically advanced compressors, as industries seek to optimize performance and comply with environmental and energy regulations. This requires ongoing investment in research and development to keep pace with rapid technological advancements and evolving market expectations. Economic fluctuations, such as changes in raw material costs and energy prices, can affect production expenses and pricing strategies, impacting manufacturers and end-users. Another challenge is the growing demand for compressors with lower noise levels, greater reliability, and longer service life, which may necessitate complex engineering solutions and potentially increase production costs. In terms of regulations, the air compressor market in India is governed by a range of national standards and international certifications. These include the Bureau of Indian Standards (BIS), which sets quality and safety standards for compressors, ensuring they meet performance and safety requirements for various industrial applications. Additionally, India's Energy Conservation Act promotes energy efficiency and sustainability, encouraging industries to adopt advanced air compressor technologies that minimize energy consumption and carbon emissions. India's commitment to reducing greenhouse gas emissions and promoting renewable energy sources aligns with global standards such as the EU's Ecodesign Directive, influencing domestic regulations. Moreover, occupational safety and health regulations in India mandate that air compressors prioritize worker safety and comply with safety requirements to protect operators and maintenance personnel. While these regulatory frameworks benefit the environment and public safety, they can increase production costs and complexity for manufacturers. Overall, the air compressor market in India must navigate these challenges and regulatory requirements while striving to innovate and meet the diverse needs of its industrial sectors.

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Kripa Shah

Kripa Shah

Senior Analyst

Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Air Compressor market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Mode of Operation • Rotary • Centrifugal • Reciprocating

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Kripa Shah

By Product Type • Stationary • Portable By Lubrication • Oil filled • Oil Free By Application • Manufacturing • Oil and Gas • Energy and Power • Semi-conductor • Healthcare • Food and Beverages • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Air Compressor industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. Geography
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. India Macro Economic Indicators
  • 5. Market Dynamics
  • 5.1. Key Findings
  • 5.2. Key Developments - 2021
  • 5.3. Market Drivers & Opportunities
  • 5.4. Market Restraints & Challenges
  • 5.5. Market Trends
  • 5.6. Covid-19 Effect
  • 5.7. Supply chain Analysis
  • 5.8. Policy & Regulatory Framework
  • 5.9. Industry Experts Views
  • 6. India Air Compressor Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Size and Forecast By mode of operation
  • 6.3. Market Size and Forecast By Product Type
  • 6.4. Market Size and Forecast By Lubrication
  • 6.5. Market Size and Forecast By Application
  • 7. India Air Compressor Market Segmentations
  • 7.1. India Air Compressor Market, By mode of operation
  • 7.1.1. India Air Compressor Market Size, By Rotary, 2018-2029
  • 7.1.2. India Air Compressor Market Size, By Centrifugal, 2018-2029
  • 7.1.3. India Air Compressor Market Size, By Reciprocating, 2018-2029
  • 7.2. India Air Compressor Market, By Product Type
  • 7.2.1. India Air Compressor Market Size, By Stationary, 2018-2029
  • 7.2.2. India Air Compressor Market Size, By Portable, 2018-2029
  • 7.3. India Air Compressor Market, By Lubrication
  • 7.3.1. India Air Compressor Market Size, By Oil filled, 2018-2029
  • 7.3.2. India Air Compressor Market Size, By Oil Free, 2018-2029
  • 7.4. India Air Compressor Market, By Application
  • 7.4.1. India Air Compressor Market Size, By Manufacturing, 2018-2029
  • 7.4.2. India Air Compressor Market Size, By Oil and Gas, 2018-2029
  • 7.4.3. India Air Compressor Market Size, By Energy and Power, 2018-2029
  • 7.4.4. India Air Compressor Market Size, By Semi-conductor, 2018-2029
  • 7.4.5. India Air Compressor Market Size, By Healthcare, 2018-2029
  • 7.4.6. India Air Compressor Market Size, By Food and Beverages, 2018-2029
  • 7.4.7. India Air Compressor Market Size, By Others, 2018-2029
  • 8. India Air Compressor Market Opportunity Assessment
  • 8.1. By mode of operation, 2024 to 2029
  • 8.2. By Product Type, 2024 to 2029
  • 8.3. By Lubrication, 2024 to 2029
  • 8.4. By Application, 2024 to 2029
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profile
  • 9.2.1. Atlas Copco Group
  • 9.2.1.1. Company Snapshot
  • 9.2.1.2. Company Overview
  • 9.2.1.3. Financial Highlights
  • 9.2.1.4. Geographic Insights
  • 9.2.1.5. Business Segment & Performance
  • 9.2.1.6. Product Portfolio
  • 9.2.1.7. Key Executives
  • 9.2.1.8. Strategic Moves & Developments
  • 9.2.2. Ingersoll Rand Inc.
  • 9.2.3. Hitachi, Ltd
  • 9.2.4. Kobe Steel, Ltd.
  • 9.2.5. Siemens Energy AG
  • 9.2.6. Danfoss A/S
  • 9.2.7. Mitsubishi Heavy Industries, Ltd.
  • 9.2.8. Sulzer Ltd.
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Tables

Table 1: Influencing Factors for India Air Compressor Market, 2023
Table 2: India Air Compressor Market Size and Forecast By mode of operation (2018, 2023 & 2029F)
Table 3: India Air Compressor Market Size and Forecast By Product Type (2018, 2023 & 2029F)
Table 4: India Air Compressor Market Size and Forecast By Lubrication (2018, 2023 & 2029F)
Table 5: India Air Compressor Market Size and Forecast By Application (2018, 2023 & 2029F)
Table 6: India Air Compressor Market Size of Rotary (2018 to 2029) in USD Millions
Table 7: India Air Compressor Market Size of Centrifugal (2018 to 2029) in USD Millions
Table 8: India Air Compressor Market Size of Reciprocating (2018 to 2029) in USD Millions
Table 9: India Air Compressor Market Size of Stationary (2018 to 2029) in USD Millions
Table 10: India Air Compressor Market Size of Portable (2018 to 2029) in USD Millions
Table 11: India Air Compressor Market Size of Oil filled (2018 to 2029) in USD Millions
Table 12: India Air Compressor Market Size of Oil Free (2018 to 2029) in USD Millions
Table 13: India Air Compressor Market Size of Manufacturing (2018 to 2029) in USD Millions
Table 14: India Air Compressor Market Size of Oil and Gas (2018 to 2029) in USD Millions
Table 15: India Air Compressor Market Size of Energy and Power (2018 to 2029) in USD Millions
Table 16: India Air Compressor Market Size of Semi-conductor (2018 to 2029) in USD Millions
Table 17: India Air Compressor Market Size of Healthcare (2018 to 2029) in USD Millions
Table 18: India Air Compressor Market Size of Food and Beverages (2018 to 2029) in USD Millions
Table 19: India Air Compressor Market Size of Others (2018 to 2029) in USD Millions

List of Figures

Figure 1: India Air Compressor Market Size By Value (2018, 2023 & 2029F) (in USD Millions)
Figure 2: Market Attractiveness Index, By mode of operation
Figure 3: Market Attractiveness Index, By Product Type
Figure 4: Market Attractiveness Index, By Lubrication
Figure 5: Market Attractiveness Index, By Application
Figure 6: Porter's Five Forces of India Air Compressor Market
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India Air Compressor Market Research Report, 2029

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