Rapidly growing industrialization, particularly in developing nations, and significant emphasis on energy conservation has led to noteworthy advancements in compressor technology. Industrial air compressors are designed to compress large volumes of air to a high pressure and harness this as a potential energy source. Compressed air finds a large field of applications in various end use industries, such as power generation, automobile, food & beverage, chemical, oil & gas and other manufacturing. Various applications or end uses of industrial air compressors include supplying clean air to fill gas cylinders, drive pneumatic HVAC systems, and drive pneumatic tools. Industrial air compressors are generally positive displacement compressors or dynamic compressors. The positive displacement type compressor is expected to hold a relatively high market share in the overall industrial air compressor market. Reciprocating and rotary screw air compressors are common types of positive displacement compressors and find applications in various end use industries. Rotary compressor, is mainly classified into centrifugal and axial flow air compressors. Over the past few years, remote sensing technology has gained significant attraction in the industrial compressor market, as it is highly reliable and energy efficient. Flexibility, low operational cost, low maintenance cost, high safety and reduced weight remain the prime focus of key manufacturers in the market.