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India Stationary Compressor Market, By Type, By Lubrication; By Power Type; By Application, By Region, Trend Analysis, Competitive Market Share & Forecast, 2017-2027

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  • 293 Pages
  • August 2021
  • Region: India
  • Blueweave Consulting & Research Pvt Ltd
  • ID: 5457770

India Stationary Compressor Market is anticipated to grow at a promising rate: Projected to reach USD 1,739.5 Million by 2027

The growth of the India stationary compressors market is attributable to the growth of the pharmaceutical, automotive, oil refinery and manufacturing industries. The utilization of stationary compressors in India across these domains has been showcasing an increasing demand due to the rising acceptance of pneumatic energy consumption in India, rising FDI inflows, particularly in the most robust industrial states of India like Maharashtra and Gujarat..

A study recently conducted revealed that the India stationary compressor market reached USD 1,117.9 million in 2020. The market is further expected to reach USD 1,739.5 million by 2027 and is projected to grow at a CAGR of 6.6% during 2021-2027 (forecast period). The growth of the India stationary compressor market has been positively impacted by the growth of the oil& gas industry, investments in healthcare and automotive divisions across the country, and the growing adoption rates of pneumatic energy. Additionally, many states in India have experienced an increase in foreign direct investment, including Gujarat and Maharashtra, which has resulted in the growth of stationary compressor-related industries.

Rising demand for automotive services in India is driving the demand for stationary compressors

Stationary compressors are an essential part of the automobile services industry and are used extensively in auto repair and auto body shops and facilities. Vehicle service, repair, and auto body shops use stationary compressors of 5 HP to 30 HP with 80-to-240-gallon air receivers to power the shop’s pneumatic tools and equipment. Reciprocating compressors are generally preferred in the automobile services industry. However, people are shifting rapidly toward rotary screw compressors due to the low overall cost and their ability to produce massive volumes of high-pressure air. According to the India Brand Equity Foundation (IBEF), EV sales, excluding E-rickshaws, went up by 20% in 2020 and reached 1,560 thousand units in 2020. IBEF further states that only 35% of all "post-warranty cars" go back to authorized service centers, and 65% go to multi-brand car service centers. It signifies the importance of the automobile services industry in the country. With the growing automobile sales, along with booming EV sales, the demand for automobile services centers and stationary compressors is expected to go up and drive the growth of the India stationary compressor market in the foreseeable future.

Rising demand arising from food processing industries powering the growth of the India stationary compressor market

Many facilities across the food & beverages industry have started leveraging stationary compressors for food processing. Stationary compressors are leveraged for cleaning air out of containers before filling the products, sorting of products, filling baked goods, packaging systems, freezing of food products, packaging by blow-molding processes. According to one estimate from India Brand Equity Foundation (IBEF), India’s revenue arising from the FMCG industry has been found at USD 103.7 billion in 2020. The rising investment in the food processing industry via FDI inflows is positively contributing to the demand for the India stationary compressors market. The investments are bolstering the use of stationary compressors in the food processing industry to reduce the chances of air contamination, thereby driving the growth of the India stationary compressor market.

Based on types, the reciprocating segment occupied the largest market share of the India stationary compressor market

There are five main types of stationary compressors in the India stationary compressor market, namely, reciprocating, screw, scroll, vane, and centrifugal. Among these types of compressors, the reciprocating compressors segment holds the largest share in the India stationary compressor market. Under reciprocating compressors, the 450-900 rpm compressors are anticipated to register the fastest CAGR in the coming years. Since reciprocating compressors are utilized by small-scale and medium-scale industries, which make up a larger part of the Indian market, there is a rising demand for such compressors in the country. Reciprocating compressors have been in decline for the last few years while screw compressors have gained their market share because of their higher efficiency and shorter production timeframe.

Food & Beverage accounted for the largest share in the application segment in the India stationary compressor market

Based on applications, the India stationary compressor market is grouped into Food & Beverage, Chemicals & Petrochemicals, Healthcare, Home Appliances, Oil & Gas, Automotive, Mining & Metals, Power Plants, Manufacturing, and others. Among these, the food &beverage segment accounted for the largest share in the India stationary compressor market. The oil and gas industry has also been witnessing rapid growth, along with the growing food processing industry, as a result of increasing investments in the sector. In the oil & gas and petrochemical industries, compressors have become increasingly common for providing the gas pressure needed to operate pipelines and lift oil in gas-lift operations. With the growing automation and integration of heavy machinery, the oil& gas segment is promising stronger growth prospects for stationary compressors in the future.

India Stationary Compressor Market: Regional Insights

Based on regions, the India stationary compressor market has been categorized into North India, East India, West India, and South India. The southern region of the country accumulated the largest share in the market in 2020 and grew at a robust CAGR during the historical period. There are several major manufacturers of stationary compressors in this region, such as ELGI Equipments Ltd., which accommodates the demand for stationary compressors in the region and garners a larger market share due to the compatibility of its compressors with end-user applications. Additionally, due to the presence of several automotive manufacturers and healthcare providers in the southern part of the country, the stationary compressor market has been receiving the majority of orders from this region. The northern region, on the other hand, happens to be the fastest-growing region in the market due to the growing food processing industry. The northern region of India has been witnessing rising infrastructure development which has contributed to rural-to-urban migration over the past few years, thereby contributing to the growth of India stationary compressor market.

India Stationary Compressor Market - COVID-19 Impact Analysis

The COVID-19 pandemic has had a negative impact on the overall India stationary compressor market. As a result of lockdown restrictions that were imposed during the initial phase of the pandemic, factories across India had to shut down to contain the spread of the virus. As a non-essential commodity, stationary compressors nonetheless took a toll on the entire industry. The trade restrictions disrupted the supply of compressors from China and Germany, two of the leading countries supplying components to India for stationary compressors. Furthermore, the escalating COVID-19 versions have halted the import of critical components from China. Additionally, the initial lockdown measures have also severely impacted the growth of various end-user applications like manufacturing, food and beverage, oil and gas, and mining, among others as they had to shut their operations due to the rising COVID-19 cases. These are the primary factors that have been impeding the growth of the India stationary compressor market throughout the pandemic. However, the recent FDI inflows in the country have started initiating the adoption of pneumatic energy and encouraging the companies to shift from hydraulic to pneumatic energy. It is accompanied by rising vaccination rates, which is contributing to the growth of stationary compressors in India.

The leading players in the India stationary compressor market are Atlas Copco AB, Elgi Equipments Limited, Ingersoll Rand Inc., Anest Iwata Motherson Pvt. Ltd., Kirloskar Pneumatic Company Limited, FS Elliot Compressors India Pvt. Ltd., Kaeser Kompressoren (India) Pvt. Ltd., BOGE Kompressoren, BAUER KOMPRESSOREN India Pvt. Ltd., Indo-Air Compressors Pvt. Ltd., Hitachi Hi-Rel Power Electronics Private Limited, BAC Compressors, Gajjar Compressor, Saimona Compressor Ltd., Quincy Compressor LLC, Kobelco compressors India Pvt. Ltd., Comptech Equipment, Maruti Air Compressor, Kaishan Compressor LLC, and other prominent players.

The India Stationary Compressor Market is highly consolidated, with a handful of players enjoying a larger share in the market. Additionally, major companies in the India stationary compressor market have started initiating programs to pour investments in research & development to implement and launch efficient compressors in the market, thereby curbing the share of smaller players. As a result, the entry of new players in the Indian stationary compressor market remains difficult.

In July 2021, FS-Curtis, a leading producer of stationary compressors, announced the launch of the new ECO-Turbo Series. The ECO-Turbo series is designed to be leveraged across a vast array of applications, wherein 100% oil-free air is required. The series comes in a range of 185 kW to 250 kW power with a final compression pressure of at most 125 psi.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India Stationary Compressor Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the India Stationary Compressor Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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Table of Contents

1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary4. Regulatory Framework (Noise, Size of package, any government requirement like BIS, ISI, and others)
5. India Stationary Screw Compressor Market Insights
5.1. Industry Value Chain Analysis
5.2. DROC Analysis
5.2.1. Growth Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.2.4. Challenges
5.3. Recent Development
5.4. Porter’s Five Forces Analysis
5.4.1. Bargaining Application of Suppliers
5.4.2. Bargaining Application of Buyers
5.4.3. Threat of New Entrants
5.4.4. Threat of Substitutes
5.4.5. Intensity of Rivalry
6. India Stationary Screw Compressor Market Overview
6.1. Market Size & Forecast by Value, 2017-2021
6.1.1. By Value (INR Crores)
6.1.2. By Volume (Million Units)
6.2. Market Share & Forecast
6.2.1. By Type (Value and Volume) Reciprocating (Piston) By Revolutions High Speed (>900 rpm) Medium Speed (450-900 rpm) Low Speed (< 450 rpm) By Lubrication With Oil Oil Free Screw With Oil Oil Free Scroll Radially and/or Axially compliant Non-compliant Vane Centrifugal
6.2.2. By Power Type (Value) Below 11 kW 11 kW - 45 kW Above 45 kW - 90 kW Above 90 kW - 160 kW Above 160 kW
6.2.3. By Application (Value) Food & Beverage Chemicals & Petrochemicals Healthcare Home Appliances Oil & Gas Automotive Manufacturing Semiconductor & Electronics Textile Paper & Pulp Metal Processing Others Mining & Metals Power Plants Others
6.3. By Region (Which Kilowatt Range is more dominating, how much Volume is sold per state, who are the major players per state, which sweet-spot model is sold the most) North Himachal Pradesh Haryana Delhi Uttar Pradesh Punjab Others East West Bengal Bihar Odisha Others West Maharashtra Gujarat Rajasthan Madhya Pradesh Others South Tamil Nadu Karnataka Telangana Andhra Pradesh Kerala
7. Opportunity Assessment, By Stationary Screw Compressor Type, 2021 (Where are major opportunities in various types of the stationary screw compressor)8. Stationary Screw Compressor Accessories Assessment, By Application, 20209. Trends of Piping System in India Stationary Screw Compressor Market (Whether Piping in Industries is done directly)10. Opportunity Assessment of India Stationary Screw Compressor Market, By State-Wise, (At least 5 states), 202111. Potential Trends & Saturation Possibilities, India Stationary Screw Compressor Market, By Type, 2017-2021 (How the market trend unfolds in the future, whether a decline is expected or not)12. India Stationary Screw Compressor Market - Product Life Cycle Analysis, By Stationary Screw Compressor Type (From manufacturing to recycling how the product life deviates)13. Key Technology Requirements for Industry (What technologies may be required with rapidly adoption rates of Industry 4.0)
14. Competitive Landscape
14.1. List of Key Players and Their Offerings
14.2. Manufacturing & Production Volume of Key Players, 2020 (At least 7 Players)
14.2.1. In-house manufacturers
14.2.2. Manufacturers Outside India
14.3. Market Share Analysis
14.3.1. Market Share Analysis, 2019
14.3.2. Market Share Analysis, 2020
14.3.3. Market Share Analysis, 2021 (Best Effort Basis)
14.4. Competitive Benchmarking, By Operating Parameters
14.5. Potential Investment Area of Players in Compressor Type
14.6. Top 3-4 key players by recent model upgradations, By Type
14.7. Pricing Point Analysis, By Players (2020) (Possible Prices for the end-product)
15. COVID-19 Impact Analysis for India Stationary Compressor Market
16. Distribution Channel Mapping
16.1. Top 10 Non-Indian Companies
16.2. Top 3 Non-Major Indian Manufacturing Companies
17. Import Duty Structure for different KW or HP Range of Stationary Compressors (Best Effort Basis)
18. Aftermarket pricing of Top 10 players, By Type, 2020
18.1. Top 10 Players, After Market Pricing, 2020
18.2. Pricing of Sweet-Spot Model
18.3. Ratings of Top 10 Players, (On Basis of Consumer Price, After Service Price, Control Panel, Electrical System)
19. Company Profile (Company Overview, Financial Matrix, Competitive landscape (kilowatt ranges of various products, oil or oil free, loopholes), Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)**
19.1. Atlas Copco (India) Ltd. (Chicago Pneumatic)
19.2. Ingersoll-Rand Inc.
19.3. ElgiEquipments Ltd
19.4. Hitachi (Hitachi Hi-Rel Power Electronics Private Limited), Ltd.
19.5. Bauer Compressors Inc.
19.6. Kaeser Compressors, Inc.
19.7. BOGE Compressors (India) Pvt. Ltd
19.8. INDO-AIR Compressors Pvt. Ltd
19.9. Quincy Compressor LLC
19.10. Curtis-Toledo, Inc.
19.11. Gajjar Compressors Private Limited
19.12. ComptechEquipments Limited
19.13. Others
20. Distribution Channel Strategy of Top 10 Players
20.1. By Service Area Network (By Sale, service and parts)
20.2. Industry Concentration
20.3. Sub-Dealer Network
20.4. After Installation Channel Analysis (Who does the work, By Solution or Separate System)
20.5. Pricing Channel Analysis
21. Distribution Channel Strategy of Top OEMs in the market (To be provided by the client)
22. Potential Market Identification Globally
22.1 Top 3-4 Key Players, By Recent Model Upgradations, By Type
22.2. Bangladesh Stationary Screw Compressor Market
22.2.1. Market Size, Bangladesh, 2017-2021
22.2.2. Major Applications Textile Food Processing Others
22.2.3. Comparison for Indian and Chinese products in the market (2020)
22.3. Sri Lanka Stationary Screw Compressor Market, 2017-2021
22.3.1. Market Size, Sri Lanka, 2017-2021 (2020)
22.3.2. Major Applications Textile Food Processing Others
22.3.3. Comparison for Indian and Chinese Products in the Market (2020)
*Financial details of unlisted companies will be available as per data availability in final deliverable
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable