The global air compressor market is projected to reach USD 35,539.67 million in 2032 from USD 23,764.17 million in 2023, growing at a CAGR of 4.6% in the forecast period of 2024-2032.
Base Year
Historical Year
Forecast Year
| Global Air Compressor Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | 23,764.17 |
| Market Size 2032 | USD Million | 35,539.67 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.6% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.2% |
| CAGR 2024-2032 - Market by Country | India | 5.3% |
| CAGR 2024-2032 - Market by Country | China | 5.0% |
| CAGR 2024-2032 - Market by Technology | Rotary/Screw Compressor | 5.6% |
| CAGR 2024-2032 - Market by Lubrication | Oil-Free | 5.8% |
| Market Share by Country 2023 | Australia | 2.3% |
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Air compressors use the kinetic energy generated by the compressed air to supply different equipment, devices, and machinery with the necessary energy through different vertical industries. Further, the continuous compression facilitates the mobility of liquids and gases, the manufacturing of related petrochemical products, the operation of pneumatically powered machinery, and cooling applications. Consequently, air compressors have a wide range of applications in various industries for dehydration, air blowing, vacuum packaging, spray painting, cleaning, tool powering, and medical equipment.
Main factors aiding the air compressor market expansion include the increasing demand for eco-friendly models to reduce carbon emissions, the rise in adoption of oil-free industrial-grade air compressors, and the growing need for high-quality compressed air in various industries such as food and beverage, pharmaceuticals, and electronics. Furthermore, the growth of industrialisation in developing nations, investments in infrastructure development, and the expansion of end-use industries such as oil and gas, manufacturing, and construction are also contributing to the market's growth.
Integration of IoT in smart air compressors, rise of oil-free compressors, and the growing demand for portable compressors are key trends shaping the air compressor market.
The demand for energy-efficient air compressors is on the rise as industrial companies seek to reduce their carbon footprint and operating costs. Atlas Copco introduced its GA 90+-160 VSD+ series of air compressors with variable-speed drives, which can save up to 50% of energy costs.
The adoption of oil-free air compressors is increasing, particularly in industries where air purity is critical, such as food and beverage, pharmaceuticals, and electronics. These compressors eliminate the risk of oil contamination, ensuring a clean and reliable supply of compressed air.
The integration of the Internet of Things (IoT) is transforming the air compressor market development as IoT-enabled compressors allow for remote monitoring, wide communication, predictive maintenance, and reduce downtime. Kaeser Compressors offers Sigma Air Manager 4.0 controller, which uses IoT technology.
The demand for portable air compressors is increasing due to the growth of construction and mining activities. These compact and lightweight compressors are easy to transport and suitable for ongoing constructional and mining activities across regions.
The increase in the adoption of robust and energy-efficient equipment is expected to fuel the demand for air compressors. The equipment often includes the use of sophisticated technology with high technical experience to develop high-powered and effective air compression equipment. The technological advances in air compression techniques have a profound effect on the equipment's compression capabilities and are expected to drive the air compressor market growth during the forecast period.
Consequently, in the coming years, high installation and maintenance costs for the equipment are likely to hamper the market’s growth. However, the rise in the development activities within the Asia Pacific, Latin America, and the Middle East and Africa is expected to provide manufacturers with profitable business opportunities over the forecast period.
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The EMR’s report titled “Air Compressor Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Technology
Market Breakup by Lubrication
Market Breakup by Power Rating
Market Breakup by End Use
Market Breakup by Region
| CAGR 2024-2032 - Market by | Country |
| India | 5.3% |
| China | 5.0% |
| Saudi Arabia | 4.9% |
| Canada | 4.9% |
| Mexico | 4.8% |
| USA | XX% |
| UK | 4.4% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Brazil | XX% |
| Germany | 4.0% |
The reciprocating and rotary compressor segments are expected to witness steady growth due to the increasing demand from manufacturing and industrial sectors
Reciprocating compressors are the most widely used type, accounting for a significant share of the overall market. They operate on the principle of drawing in air and compressing it using a piston moving in a cylinder. Reciprocating compressors are known for their reliability, efficiency, and suitability for a wide range of applications, including manufacturing, food processing, and home appliances. They are available in both stationary and portable versions.
Rotary compressors, including screw and vane types, are gaining popularity due to their high efficiency, low maintenance requirements, and compact design. Rotary screw compressors have emerged as the largest segment within the air compressor market report. They use two intermeshing helical screws to draw in air and compress it. Rotary compressors are also widely used in manufacturing, food and beverage, and home appliance industries.
Centrifugal compressors, on the other hand, are primarily used in large-scale applications such as power generation, oil refineries, and petrochemical plants. They use rotating impellers to draw in air and increase its velocity, which is then converted into pressure. Centrifugal compressors are known for their high flow capacity, efficiency, and reliability in continuous operation.
The market is driven by the diverse range of end-use industries that rely on these compressors for various applications
The manufacturing segment is a significant contributor to the air compressor market growth as there is a need for reliable power sources to support production processes. Air compressors are essential in various manufacturing processes, such as assembly lines, material handling, and pneumatic tools. The segment is expected to grow at a steady rate due to the increasing adoption of industrial automation technologies.
The semiconductors and electronics segment is another key end-use industry for air compressors due to the increasing demand for electronic devices. Air compressors are used to power various tools and equipment in the production of electronic components, such as cleaning and drying of components, and testing and assembly processes.
As per air compressor market analysis, the food and beverage industry also rely heavily on air compressors for powering pneumatic tools, such as pumps, valves, and conveyor systems, which are essential in the packaging and processing of food and beverages. Moreover, compressors are also used to power ventilators, anesthesia machines, and surgical tools in healthcare industry. Meanwhile, the demand for air compressors in home appliances industry is driven by the increasing adoption of automation and smart home technologies, which require efficient and reliable power sources.
Market players are focused on new product launches, mergers and acquisitions, partnerships, and collaborations to sustain growth and expand their geographical presence.
Was founded in 1873 and is headquartered in Nacka Municipality, Sweden. Operating in 180 countries, it manufactures railway equipment to a global industrial group focused on compressors, mining and construction equipment, and automated industrial tools.
Was founded in 2015 and is headquartered in Tamil Nadu, India. It is a private company that manufactures and e...
Is a company founded in 1998 with offices in Shanghai, China, and New Jersey, United States. It specialises in...
Is headquartered in Virginia, United States. Founded in 1976, it specialise in designing and manufacturing hig...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the global air compressor market include Siemens Energy AG, among others.
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The North American market leads due to the presence of key players and the rapid industrialisation
North America is a significant market for air compressors, driven by the presence of key players and the adoption of advanced technologies. The region is also home to major industries such as manufacturing, oil and gas, and construction, which rely heavily on air compressors for various applications. For example, in the automotive industry, air compressors are used to power pneumatic tools for assembly and manufacturing processes.
Asia Pacific also has a significant air compressor market share due to rapid infrastructure development in countries like China and India. The region's strong manufacturing sector, including the automotive, electronics, and construction industries, also fuels the demand for air compressors. Additionally, growing investments in the energy and power sectors further contribute to the market's growth.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the air compressor market attained a value of nearly USD 23,764.17 million.
The market is expected to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 35,539.67 million by 2032.
The market is expected to grow due to the increasing demand for packaged food, which requires air compressors for vacuum packaging, and the growth of the oil and gas industry, which uses air compressors for various applications such as lifting gas and gas process operations.
Key trends aiding market expansion include the air compressor market include advancements in air compression technology, rising demand for portable air compressors, and increasing research and development activities by major players to launch enhanced product ranges.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Portable and stationary are the different types of air compressors included in the market.
The market segmentation based on product lubrication include oiled and oil-free compressors.
The major end use segments of air compressors are manufacturing, semiconductors and electronics, food and beverage, healthcare/medical, home appliances, energy, and oil and gas, among others.
Key players in the market are Atlas Copco AB, Frank Technologies Pvt. Ltd, Galaxy Auto Service Equipment Co. Ltd., Bauer Compressors, Inc., and Siemens Energy AG, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Technology |
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| Breakup by Lubrication |
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| Breakup by Power Rating |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Australia
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+61-448-061-727
India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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