Global Air Compressor Market Report and Forecast 2024-2032

Global Air Compressor Market Size

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.

Air Compressor Market Outlook

• Rotary/screw compressors are popular due to their features such as low noise output, high energy efficiency, good performance, easy maintenance, and uninterrupted operation.

• At least 80% of industrial applications use compressed air in one or more of their processes, demonstrating the widespread use of compressed air systems.

• As per industry reports, compressed air systems consume around 10% of all industrial electrical consumption, which is approximately 8.8 TWh per year.

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Air Compressor Market Growth

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.

Key Trends and Developments

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

June 2024

Exotic Automation & Supply has launched its new air division, Exotic Air Systems, which offers compressor equipment sales, assessments, installations, maintenance, and repair services. It has become a distributor for leading air equipment brands, including Kaishan, Hertz, Vanair, and Powerex.

May 2024

Samsung India has launched three new refrigerators featuring its next-generation AI-powered inverter compressor. These new models offer better power efficiency and reduced noise levels.

May 2024

Aggreko, a global provider of temporary power and energy solutions, has launched a fleet of Stage 3 low emission 100% oil-free air compressors in Dubai, UAE. This move aims to reduce environmental impact and support sustainable development.

December 2023

Atlas Copco unveiled the world's first battery-driven portable screw air compressor, known as 'B-Air' compressor. This technology is poised to reform air compressors market by providing a cleaner and quieter alternative to traditional compressors.

Rising demand for energy-efficient models

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.

Increasing adoption of oil-free compressors

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.

Integration of IoT in smart air compressors

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.

Development of portable compressors

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.

Air Compressor Market Trends

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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Air Compressor Industry Segmentation

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

• Portable

• Stationary

Market Breakup by Technology

• Reciprocating/Piston Compressor

• Rotary/Screw Compressor

• Centrifugal Compressor

Market Breakup by Lubrication

• Oiled

• Oil-Free

Market Breakup by Power Rating

• 0-100 kW

• 101-300 kW

• 301-500 kW

• 501 kW and Above

Market Breakup by End Use

• Manufacturing

• Semiconductors and Electronics

• Food and Beverage

• Healthcare/Medical

• Home Appliances

• Energy

• Oil and Gas

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Air Compressor Market Share

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.

Leading Manufacturers in the Air Compressor Market

Market players are focused on new product launches, mergers and acquisitions, partnerships, and collaborations to sustain growth and expand their geographical presence

Atlas Copco AB 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.

Frank Technologies Private Limited was founded in 2015 and is headquartered in Tamil Nadu, India. It is a private company that manufactures and exports a variety of industrial products, including industrial compressors, water chillers, gas generators, air dryers, and submicron filters.

Galaxy Auto Service Equipment Co., Ltd. is a company founded in 1998 with offices in Shanghai, China, and New Jersey, United States. It specialises in automotive repair services and offer automotive lifts, tire changers, wheel balancers, alignment machines, and diagnostic equipment.

Bauer Compressors, Inc. is headquartered in Virginia, United States. Founded in 1976, it specialise in designing and manufacturing high-pressure compressor systems. Their expertise spans various markets, including high-pressure breathing air, GSA/military breathing air, industrial air and gas, plastics technology, natural gas, and inert gas compression.

Other key players in the global air compressor market include Siemens Energy AG, among others.

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Air Compressor Market Analysis by Region

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.

Key Highlights of the Report

Air Compressor Market Report Snapshots

Air Compressor Market Size

Air Compressor Market Growth

Air Compressor Market Trends

Air Compressor Market Share

Air Compressor Manufacturers

Air Compressor Market Regional Analysis