Thailand Air Compressor Market is Expected to Reach USD 716.6 Million by 2030

The rapid growth of the food industry is driving the Thailand air compressor market demand during the forecast period.

The Thailand Air Compressor Market was valued at USD 535.3 million in 2023, and is expected to reach USD 716.6 million by 2030, with a CAGR of 3.7% from 2024 to 2030, according to the new research by Next Move Strategy Consulting. In terms of volume, the market size was 25 thousand units in 2023, and is projected to reach 42 thousand units by 2030, with a CAGR of 7.1% from 2024 to 2030.

The thriving food processing industry in Thailand is driving the demand for air compressors, which are crucial for efficient filling, sealing, and packaging operations. These compressors help maintain optimal temperature conditions, preserving the freshness of perishable foods during heightened processing activities.

According to the ITA report 2024, Thailand's food and beverage industry is rapidly growing, with food exports reaching approximately USD 38.8 billion and imports around USD 3.3 billion in 2022. The industry aspires to be one of the top ten processed food exporters globally by 2027.

The demand for air compressor market in this sector is driven by the essential role of these compressors in empowering pneumatic machinery, upholding hygiene standards, and controlling temperature throughout the production process.

However, the initial cost of air compressors, along with the need for regular maintenance such as filter changes, lubrication, and inspections, significantly adds to the total cost of ownership. These financial constraints hinder the growth of the air compressor market, causing small and medium-sized businesses to hesitate in investing in new systems or upgrading existing ones, which could slow down the Thailand air compressor market expansion.

On the contrary, the integration of IoT sensors and cloud platforms into compressed air systems is expected to drive the Thailand air compressor market growth in future. This technological advancement allows for remote monitoring, predictive maintenance, and performance optimization. 

IoT sensors embedded in air compressors continuously collect real-time data on critical parameters such as temperature, pressure, and energy consumption. This data is then transmitted to cloud platforms, where advanced analytics algorithms analyse it to identify potential issues, forecast maintenance needs, and enhance compressor operations. 

By leveraging IoT and cloud technologies, organizations can minimize downtime, improve equipment reliability, and optimize energy usage. This will boost the demand for intelligent air filtration solutions and stimulate the Thailand air compressor market expansion.

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Several market players operating in the Thailand air compressor industry includes Atlas Copco Group, Ingersoll-Rand PLC, Hitachi Ltd., Siemens Energy AG, Kaeser Kompressoren, MAT Holding, Inc., Elgi Equipment Limited, Sulzer Ltd., Mitsubishi Heavy Industries, Ltd., and Anest Iwata, among others.

Key Insights from Thailand Air Compressor Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on Thailand air compressor market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of the key players in the Thailand air compressor industry is provided in the report, along with their competitive analysis.

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