Air Compressor Industry Overview

The global air compressor market size was valued at USD 25.46 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2030.

Stringent environmental regulations and a growing emphasis on sustainability have led industries to adopt more environmentally friendly air compressors. Various industries in the Asia Pacific countries, such as manufacturing, oil gas, food beverage, energy medical, and home appliances have been enjoying significant growth through rising investments from public and private entities. China and India remain the most promising countries for upcoming sales and demand of air compressors owing to the presence of manufacturing hubs.

Gather more insights about the market drivers, restrains and growth of the Air Compressor Market

Various factors such as environmental concerns, strict regulations, industrialization, and the need for high-quality air in an industrial application have been prompting the growth of the demand for air compressors in the U.S. Air compressors are widely used in industries such as food beverage, pharmaceuticals, electronics, automotive, and healthcare.

In various industries, the quality of compressed air is crucial for maintaining product integrity and quality and ensuring operational efficiency. The food and beverage industry, pharmaceutical production, and semiconductors fabrication are examples of the industry where air quality standards are high and the use of air compressors is a must to comply with various regulations, which is also anticipated to drive the growth of the market over the forecast period.

Technological advancements in product performance such as Internet of Things based pump monitoring system (IoT), design, and enhanced features are also expected to have a positive impact on the growth of the market. For instance, in March 2023, Elgi North America announced the launch of a new GP35FP portable air compressor. The company showcased the new product in CONEXPO-CON/AGG 2023 at the Las Vegas Convention Center. The air compressors are becoming more connected through the Internet of Things (IoT). IoT sensors and data analytics are used to monitor compressor performance in real time. Furthermore, the rising crude oil prices amid the Ukraine crisis are making the raw materials costlier for the steel industry, which is impacting the cost of the compressor.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

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Air Compressor Market Segmentation

Grand View Research has segmented the global air compressor market based on type, product, lubrication, application, and region:

Air Compressor Type Outlook (Revenue, USD Billion; Volume, Units 2018 - 2030)

• Stationary
• Portable

Air Compressor Product Outlook (Revenue, USD Billion; Volume, Units 2018 - 2030)

• Reciprocating
• Rotary/Screw
• Centrifugal

Air Compressor Lubrication Outlook (Revenue, USD Billion; Volume, Units; 2018 - 2030)

• Oil Free
• Oil Filled

Air Compressor Application Outlook (Revenue, USD Billion; Volume, Units 2018 - 2030)

• Healthcare Medical
• Manufacturing
• Oil Gas
• Home Appliances
• Food Beverage
• Energy
• Semiconductor Electronics
• Others

Air Compressor Air Compressor Operating Mode Outlook (Revenue, USD Billion; Volume, Units; 2018 - 2030)

• Electric
• Internal Combustion Engine

Air Compressor Power Range Outlook (Revenue, USD Billion; Volume, Units; 2018 - 2030)

• Up to 20 kW
• 21-50kW
• 51-250 kW
• 251-500 kW
• Over 500kW

Air Compressor Regional Outlook (Revenue, USD Billion; Volume, Units 2018 - 2030)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Central South America
  • Brazil
  • Argentina
• Middle East Africa
  • Saudi Arabia
  • South Africa

Key Companies profiled:

• AireTex Compressor
• Atlas Copco
• Bauer Group
• BelAire Compressors
• Cook Compression
• Compressor Products International (CPI)
• Frank Compressors
• Galaxy Auto Stationary Equipment Co. Ltd.
• Gast Manufacturing, Inc.
• GENERAL ELECTRIC
• Ingersoll Rand Plc
• Kaeser Compressors
• MAT Industries, LLC

Recent Developments

• In August 2023, FS Elliot Co., LLC introduced the P400HPR Centrifugal Air Compressor. The P400HPR ensures energy efficiency and dependability while meeting any high-pressure application with improved features and exceptional performance. Some prominent players in the air compressor market include.
• In April 2023, Atlas Copco announced the acquisition of the compressed air business division of Asven S.R.L., a specialist in the service, installation, and sales of compressed air systems.

Order a free sample PDF of the Air Compressor Market Intelligence Study, published by Grand View Research.