China industrial air compressor market is estimated to grow modestly at a CAGR of around 5.6% during the forecast period. Rapid industrialization owing to the cohesive government policies to promote industrialization is making a significant contribution to the market growth in China. Announced in 2015, the “Made in China 2025” is one of the ambitious projects aimed at increasing the competitiveness of Chinese manufacturing industries including electronics, chemical, automotive, and so on. The goal of the project is to foster Chinese brands, boost innovation, and reduce the country’s reliance on foreign technology by making the nation a major or dominant global manufacturer of various technologies. As per Chinese media, this initiative was aimed to transform China from a manufacturing giant to global manufacturing power by 2049. For instance, the government of the country plans to achieve 40% of domestically manufactured basic components and basic materials by 2020 and 70% by 2025. The air compressors have wide utilities in manufacturing facilities, therefore, the presence of a large manufacturing industrial base in the country will create significant demand for energy-efficient air compressors within the country.
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China industrial air compressor market is segmented based on type, technology, and end-user. Based on the technology, the market is classified into dynamic displacement and positive displacement compressors. The dynamic displacement compressors segment is further segmented into axial flow air compressors and centrifugal compressors. Whereas the positive displacement compressors segment is further segmented into rotary air compressors and reciprocating compressors. Furthermore, rotatory compressors include lobe, screw, liquid ring, scroll & vane compressors while reciprocating includes diaphragm double-acting and single-acting compressors. Based on type, the market is classified into portable and stationary. Based on end-user, the market is segmented into food and beverage, oil and gas, manufacturing, energy & power, automotive, and others.
The companies which are contributing to the growth of the China industrial air compressor market include Atlas Copco AB, BAUER COMPRESSORS INC., Ingersoll-Rand PLC, Hitachi Ltd., GE Oil & Gas, and Siemens AG. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups, and technological advancements to stay competitive in the market.
China Industrial Air Compressor Market – Market Segmentation
By Type
- Portable
- Stationary
By Technology
- Dynamic Displacement Compressors
- Positive Displacement Compressors
By End-Users
- Food & Beverages
- Oil & Gas
- Energy and Power
- Manufacturing
- Automotive
- Others (Construction and Mining)
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Company Profiles
- Atlas Copco AB
- BAUER COMPRESSORS INC.
- DENAIR Group
- ELANG Group
- General Electric Co.
- Hitachi Ltd.
- Ingersoll-Rand PLC
- Kaeser Kompressoren SE
- Shanghai Xinran Compressor Co.
- Siemens AG
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