What is the sales volume of energy-saving air compressors in Russia?
Global sales of energy-saving air compressor are expected to reach USD million by 2028, growing at a CAGR of% over the forecast period. This growth is attributed to the post-COVID-19 scenario, energy recovery, and a higher focus on energy efficiency.
The market share of Asia Pacific is estimated to be over 34%, owing to government investments in infrastructure construction and rapid industrialization. China and Taiwan, where a lot of electronics and semiconductors are made, are also likely to help the market.
Sales volume of energy-saving air compressors in Russia
Energy saving air compressor are a popular choice for compressor stations because they help reduce the operating costs of industrial plants. For example, a 75 kW compressor running for 4,000 hours per year with 70 percent capacity and 20 percent no-load operation can save EUR 18,400 if it is fitted with a VFD.
The demand for energy-saving air compressors is increasing in Russia due to the government’s emphasis on the reduction of CO2 emissions and its efforts to implement energy recovery methods. In addition, strict regulations on food safety and health are driving the market in the food and beverage industry. The rising demand for advanced and energy-efficient compressors is also driving market growth in the manufacturing sector.
Moreover, oil-free compressors are being preferred by customers because they eliminate the problem of contamination by the oil. Because of this, manufacturers are putting more effort into making oil-free compressors that can deliver clean air.
In terms of output power, the 51–250 kW segment is expected to dominate the market during the forecast period. These compressors have a rated pressure of up to 20 bars and find application in the power generation, water and wastewater treatment plants, chemical and petrochemical, food and beverage, mining, automotive and transportation, packaging, and construction industries.
Furthermore, the oil & gas industry is another key market that is growing rapidly due to an increased focus on energy efficiency and declining carbon emissions. In addition, Russia's oil and gas industry is implementing legislation to preserve reservoir pressures through re-injection. This is likely to drive the market for air compressors that provide pressures up to 20 bar.
The industrial air compressors are used to power pneumatic equipment, including cutting and welding tools, packaging and automation equipment, and conveyors. These compressors are installed in several manufacturing facilities and have a wide range of applications across industries, such as chemicals and petrochemicals, oil and gas, pharmaceuticals, construction, healthcare, and metals.
The industrial air compressors are available in various forms, including rotary screw, centrifugal, and reciprocating/piston. They can be purchased directly from manufacturers or from dealers.
Sales volume of energy-saving air compressors in Europe
The sales volume of energy-saving air compressors in Europe is estimated at around USD 1.10 billion in 2019 and is expected to grow at a CAGR of 4% up to 2026. The market is anticipated to witness a high growth rate in the future due to increasing demand for energy-efficient and oil-free portable air compressors from various industries, such as food and beverage, pharmaceutical, manufacturing, and home appliances.
Energy efficiency has always been a watchword for the industry, and with increasing concern about climate change and rising energy costs, facility managers have been looking for new ways to improve the efficiencies of their systems. This includes getting rid of air compressors that don't work well and replacing them with ones that use less energy and are made to meet industry standards for energy efficiency.
In addition to lowering energy costs, these products also increase uptime and help reduce the impact of noise on worker health. This is an important consideration as many industries are impacted by noise pollution.
Furthermore, oil-free air compressors are gaining popularity as a good way to reduce the amount of pollutants that enter the environment. Furthermore, they are highly durable and can last for years without needing major maintenance.
According to Technavio, the global industrial air compressor market was valued at USD 8.2 billion in 2020. It is projected to reach USD 17.8 billion by 2024, at a CAGR of 4.7% from 2020 to 2024.
Asia Pacific dominated the global industrial air compressor market in 2020, accounting for more than 30% of the overall market share. The market is driven by rapid industrialization and government investments in infrastructure development. The presence of numerous manufacturers of air compressors in India and China is also expected to boost the market in the future.
The oil and gas segment is projected to grow at the highest CAGR over the forecast period, owing to increased demand for air compressors that preserve reservoir pressures through the re-injection of associated petroleum gases. The segment is also anticipated to be driven by legislation that requires 95% of the associated petroleum gas to be compressed before it can be transported via pipeline.
Sales volume of energy-saving air compressors in North America
The sales volume of energy-saving air compressor in North America has been increasing at a significant pace. These compressors are popular in the oil and gas industry for operating pneumatic equipment such as pipelines and oil extraction and refining equipment. In addition, these compressors are used in the manufacturing industry to operate various processes and systems.
The demand for industrial air compressors is expected to increase at a rapid rate due to the inflow of investments and the rise in automation in emerging economies. Moreover, the market is driven by advances in product innovations and growth in the chemical, oil and gas, and manufacturing sectors.
In the United States, for example, electric motors account for over 70% of the electricity consumed in manufacturing facilities. This makes them an untapped source of cost-effective energy savings that could be realized with existing commercial technologies.
Oil-free compressors are growing in popularity due to the increased focus on sustainability and the need to reduce carbon emissions. In addition, they help improve efficiency and minimize noise emissions.
These compressors are also used in the power generation industry to generate electricity. They also have the potential to recover heat that would otherwise be wasted, which can be used to preheat feed water.
According to a report by ResearchMoz, the global energy-efficient air compressors market was valued at USD 32.7 billion in 2021 and is projected to grow at a CAGR of 5.6% during the forecast period. The market is divided by type (rotary, reciprocating, and centrifugal), end-user industry (oil & gas, food & beverages, manufacturing, healthcare, power generation, construction & mining), and geography.
By 2026, the North American air compressor market is expected to surpass USD 4 billion. This is mainly due to the high adoption of these products in the oil and gas, manufacturing, and building and construction industries.
In North America, the demand for portable air compressors is expected to increase at pronounced rates over the next few years. This segment is expected to be the largest contributor to the overall industry share, due to their growing use in the oil and gas industry, manufacturing, building and construction, and other sectors.
Sales volume of energy-saving air compressors in Asia-Pacific
Asia-Pacific is one of the largest markets for energy-saving air compressors, with sales estimated to grow at a CAGR of 3.5% from 2021 to 2027. This market is driven by the rapid industrialization of emerging countries such as China and India. Additionally, the rise in demand for energy-efficient products as a result of strict environmental legislation is also contributing to the growth of this market.
Europe is another major market for energy-saving air compressors. It accounted for almost 25% of total revenue in 2021, owing to strict government laws and regulatory criteria regarding the use of energy-efficient equipment.
The demand for air compressors in this region is expected to increase owing to the rapid development of infrastructure, increasing oil and gas exploration, and rising investment in manufacturing projects. The increased need for energy-efficient air compressors in the food and beverage industry is also driving the market’s growth.
Furthermore, the rise in demand for oil-free air compressors is expected to provide significant opportunities for the Asia-Pacific industry. These compressors are made to be as efficient as possible, and they make sure that they meet the many industry rules about the amount of oil in compressed air.
By integrating technologies such as scroll, water-injected screw, 2-stage dry screw, and others, these air compressors are able to achieve ISO 8573-1 Class Zero emissions standards. Moreover, they are highly reliable and durable, making them an ideal solution for various end-user industries such as healthcare, food and beverage, home appliances, and manufacturing.
In addition to these advantages, oil-free air compressors are cost-effective and environmentally friendly. They are a preferred choice for the manufacturing sector, where they can offer significant savings on fuel and maintenance costs, as well as enhance productivity levels.
Similarly, the rise in demand for air compressors in the automotive industry is also expected to drive the market’s growth. These machines are used for a lot of different things, like inflating tires, painting cars, making air conditioning systems, and building engines.
The Asia-Pacific market for energy-efficient air compressors is dominated by the manufacturing segment. This segment is primarily driven by the accelerated industrialization in developing nations such as Brazil and China, as well as the growing demand for energy-efficient products in these countries. Moreover, increasing investments in manufacturing facilities in these countries and the emergence of new players are expected to create ample growth opportunities for the industry over the forecast period.