Compressed Air Market Trends and Scope

This blog provides detailed information about Compressed Air, including its classification, manufacturing process, industrial usage, price trends, and important players in the market.

Compressed Air: Definition

Compressed air is regular air that is stored under enormous pressure compared to atmospheric pressure. Like regular air, compressed air primarily comprises hydrogen, oxygen, and water vapour. Around 10 percent of all electricity consumption for industrial purposes can be ascribed to the production of compressed air. To utilise energy effectively, the heat generated from the air compression needs to be used to heat the work site.

It is a critical agent for transmitting energy in industrial processes. In addition, compressed air is utilised for power tools like air hammers, drills, and wrenches, among others.

Moreover, it is also used in atomize paint, operating air cylinders for automation, and is utilised to propel vehicles. Besides, compressed air applied in brakes makes big railway trains safer and more proficient to operate. Such compressed air brakes are also used on huge highway vehicles. Thus, the product plays a crucial role in several applications used in various industries, impacting the compressed air price.

Underwater divers use compressed air as a breathing gas. Compressed air can be carried by the divers in a high-pressure diving cylinder or may be supplied at a low pressure from the surface using an airline. Just like divers, breathing devices are also utilised by firefighters, mine rescue workers and industrial workers in unsafe environments.

Compressed Air Production Process

Air compressors are used to compress air by drawing air at an inlet controller, the air is then compressed to a required volume, and the pressurised air is released via the discharge regulator into a storage tank. An electric motor is used to power the compression process. Two types of air displacement methods in which the compressed air system works are positive and dynamic displacement.

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The most conventional method of compression is positive displacement, where the compressors press air into an enclosed space, generally through the movement of a mechanical apparatus.

On the other hand, dynamic displacement compressors speed up the air to an elevated pace and generate energy which develops air pressure; however, in positive displacement compressors, the volume of captured air is decreased physically to build up air pressure.

Compressed air is then stored at high pressure and is a great medium for transferring energy. After the air is compressed, it is delivered at a particular pressure to the end user, purchased at a cost.

Because it is a safe and easier-to-handle option energy source as compared to steam and batteries, compressed air is utilised popularly to power or produce several things that are commonly used in daily life. Due to the high demand, the industry has witnessed increasing compressed air production costs in recent years.

Industrial Uses of Compressed Air

Compressed air is predominantly utilised in industrial applications such as construction jobs, mechanical restoration jobs, road maintenance, factory production, manufacturing lines and several other industrial processes. Various industries employ compressed air for multiple operational purposes.

Nearly all industrial facilities have around two compressors, and in an average-size factory, compressed air may be used for a multitude of functionalities. Such usages consist of operating pneumatic tools, packaging and automation equipment and conveyors.

However, pneumatic equipment is smaller in size, lighter, and sturdier as compared to electric motor-driven devices. Compressed air also provides smooth power and does not get damaged or is not lost by overloading. Devices or tools that are powered by air can display significant speed and torque control and can also attain the required speed and torque rapidly.

Additionally, compressed air is preferred for safety reasons as it does not generate sparks and builds less heat. Because of this reason, there is a huge demand for the product from various end-use industries, which is affecting the compressed air price trend.

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Furthermore, numerous manufacturing sectors also employ compressed air and gas for combustion and process functions like oxidation, fractionation, cryogenics, refrigeration, filtration, dehydration, and aeration. Moreover, it also plays a critical role in various non-manufacturing industries, such as the transportation, construction, mining, agriculture, recreation, and service sectors.

Compressed Air Prices: Market Trend and Forecast

North America

North America is one of the leading regions in the global compressed air market due to the high demand for air compressors from key industries based in the region, including manufacturing, healthcare, energy, and oil and gas. The regional market is benefiting from automation in the production sector through air compressors. The compressed air market has reached its highest point in the United States and Canada and is expected to display the same trend in the upcoming years.

Asia Pacific

Asia Pacific holds the most substantial position in the compressed air market and is expected to develop further. Due to the ongoing industrialisation process in China, India, and Japan, the Asia Pacific region is anticipated to grow rapidly.

The increasing atomisation and mechanisation of the industrial facilities in the emerging countries within the region are the main factors leading to the growth of the compressed air market. For example, the Make in India initiatives have drawn the attention of the manufacturing hubs to the country, increasing the demand for compressed air.

Europe

Europe has attained the position of the reliable market for compressed air owing to the uncertain economic conditions, which has led to mixed sales within the region. There is a huge demand for compressed air in Germany and the United Kingdom because of the existence of manufacturing hubs.

Furthermore, the regulations passed by the European Union on the operational effectiveness of the compressors and the increasing development of the compliance criteria in Europe are supporting the sales of the new goods.

Key Industry Players

• Ingersoll Rand Inc
• Atlas Copco AB
• General Electric Company
• Siemens AG
• Sulzer Ltd
• Stanley Black & Decker, Inc.

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