Stationary Electric Compressors Market to Grow with a CAGR of 3.79% Globally through to 2028
Stationary Electric Compressors is increasing due to growing
industrialization and urbanization in the forecast period, 2024-2028.
According to TechSci Research report, “Global Stationary
Electric Compressors Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028 Global Stationary Electric Compressors market has
witnessed tremendous growth in recent years, reaching a valuation of USD 68.67 billion
in 2022. The market is projected to continue its strong upward trajectory,
posting a CAGR of 3.79% from 2024 to 2028. The global Stationary Electric Compressors market has
witnessed significant growth in recent years, propelled by its widespread
adoption across critical industries globally. Sectors such as manufacturing,
oil & gas, power generation, and chemicals recognize stationary electric
compressors as vital tools for enhancing operations, reducing costs, and
improving user experience.
Stringent regulations around emissions, energy
efficiency, and workplace safety have compelled industrial facilities to invest
heavily in automation and digitization initiatives. Factories worldwide rely on
robust stationary electric compressor systems to ensure regulatory compliance
and optimize performance. To address unique production challenges, compressor
manufacturers are partnering with end-user industries to develop customized
solutions. These collaborations have resulted in integrated systems empowering
predictive maintenance, remote monitoring, and streamlined supply chain
processes. Advanced stationary electric compressor platforms equipped with
analytics tools enable data-driven decision making and enhanced oversight of
operations.
The development of innovative applications such as
variable speed control, remote diagnostics, and condition monitoring is also
fueling market demand. Such solutions allow facilities to improve a broader
range of metrics including uptime, energy usage, and throughput. Integration of stationary electric compressor
capabilities with industrial IoT, MES, and assistive technologies is poised to
revolutionize industrial management and optimize resource allocation. This
fusion of technologies promises improved operational efficiency, higher
productivity, and analytics-driven maintenance. Government policies promoting sustainable
manufacturing, energy independence, and workplace safety will continue driving
investments in industrial automation infrastructure. As critical industries
increasingly rely on technology-enabled processes, demand for advanced
stationary electric compressor solutions is projected to rise substantially
over the coming years.
Browse over 26 market data Figures
spread through 91 Pages and an in-depth TOC on "Stationary Electric Compressors Market.”
The global stationary electric
compressors market is segmented based on product type, power rating, end-use
industry, and region. Based on product type, the market is divided into
positive displacement compressors and dynamic/centrifugal compressors. Positive
displacement compressors held the largest market share in 2022 owing to their
wide application across industries. However, dynamic/centrifugal compressors
are expected to witness the fastest growth during the forecast period due to
their higher efficiency and lower maintenance requirements.
By power rating, the market is
categorized into up to 100 kW, 101 101 101-300 kW, 301-500 kW, and above 500
kW. The up to 100 kW segment currently dominates as small and medium industries
predominantly use compressors in this power range. However, the 301-500 kW
segment is projected to emerge as the fastest growing segment over the coming
years as industrial capacity expansions increase demand for medium power
compressors.
In terms of end-use industry, the
stationary electric compressors market is segmented into oil & gas, power
generation, manufacturing, chemical & petrochemical, and others. The
manufacturing industry held the largest revenue share in 2022 as compressors
are integral to numerous manufacturing processes. Meanwhile, the oil & gas
industry will likely exhibit the fastest growth owing to rising natural gas
production and increased compressor use in transportation and storage
applications.
Geographically, the market covers North
America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific currently dominates the global market and is expected to maintain
its leading position throughout the forecast period. This can be attributed to
rapid industrialization and the region's growing manufacturing output.
Major companies operating in Global Stationary
Electric Compressors Market are:
- Atlas Copco AB
- Elgi Equipments Limited
- Ingersoll-Rand plc
- Doosan Portable Power
- Sullair, LLC
- KAESER KOMPRESSOREN
- Kobe Steel, Ltd
- Mitsubishi Heavy Industries,
Ltd
- General Electric Company
- Emerson Electric
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“Global Stationary Electric Compressors market has
witnessed rapid growth fueled by increasing digital transformation across
critical industries. Manufacturing facilities, oil & gas companies, and
industrial organizations have increasingly relied on advanced compressor
monitoring and maintenance solutions to optimize operational efficiency and
production strategies through data-driven insights.
Compressor monitoring solutions enable real-time
access to centralized performance metrics, analytics dashboards, and asset
profile capabilities. This allows facilities to generate predictive risk
assessments, automate intervention plans, and ensure compliance with industry
regulations. Such solutions help customize inspection protocols, streamline
administrative processes for engagement, and strengthen overall equipment
management.
Leading industrial companies have partnered with major
compressor OEMs to digitally transform their operational infrastructure and
asset service delivery platforms. The integrated systems improve
cross-departmental collaboration, provide situational awareness through
customized portals, and facilitate achievement of production goals.
Vendors continue advancing their solutions through
innovations in areas like IIoT, predictive maintenance, and cybersecurity. This
ensures secure, scalable, and interoperable solutions for diverse operational
needs across different industrial processes and equipment profiles. Ongoing
innovation and growing reliance on digital strategies indicate compressor
monitoring will play an increasingly important role in optimizing industrial
management.
Partnerships and alignment with emerging industry 4.0
standards are expected to sustain the high momentum of this market. The
long-term outlook for compressor monitoring in empowering operational
excellence remains positive as digital transformation continues to reshape
critical industries.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Stationary
Electric Compressors Market by
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented by Product Type (Positive
Displacement Compressors, Dynamic/Centrifugal Compressor), By Power Rating (Up
to 100 kW, 101-300 kW, 301-500 kW, Above 500 kW), By End-Use Industry (Oil & Gas, Power Generation, Manufacturing, Chemical
& Petrochemical, Others) By Region, By Competition”, has evaluated the future growth potential of Global
Stationary Electric Compressors Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Stationary Electric Compressors Market.
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