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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Air Compressor Market Report Snapshots
Air Compressor Market Regional Analysis
*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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Key Questions Answered in the Report
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 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.
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