As per MRFR Analysis, the Global Air Compressor Market was valued at USD 17.39 billion in 2023 and is projected to grow to USD 28.8 billion by 2032, with a CAGR of 5.14% from 2024 to 2032. The growth is driven by rapid industrialization in emerging economies and the increasing demand for energy-efficient and portable air compressors across various industries, including automotive, oil and gas, and food and beverage. The market is also witnessing a rise in applications for air conditioning, refrigeration, and industrial machinery, further boosting demand.
Key trends influencing the air compressor market include industrialization and technological advancements.
Key players include Atlas Copco AB, Ingersoll Rand, Hitachi Industrial Equipment Systems, and Mitsubishi Heavy Industries, Ltd.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Additionally, the implementation of air compressor applications, such as those for air conditioning units and refrigerators, as well as larger engineering products, like those for metallurgical and mineral extraction, the paper industry and publishing, digital and electrical, electrical generation, and electromechanical machinery and steam turbines, etc., are expected to significantly increase the air compressor market's growth rate.
Rapid industrialization in emerging economies is the prime driving factor for the air compressor market. Automotive, railroad, oil and gas, surface-supplied diving, pneumatic HVAC controls, pressure washers, domestic and commercial spray-painting equipment, aeration of fountains and aquariums, and various hand tools used in the medical, home, and industrial/construction industries are some of the industries where air compressors are used. They are also utilized in the manufacturing, pharmaceutical, aerospace, dry cleaning, agriculture, and chemical extraction sectors.
Furthermore, the compressed air industry is forecasted to be driven by variables including the developing oil and gas industry, particularly power production in nations such as the United States, China, and India, and rising rising energy even during the projected timeframe. Additionally, it is also projected that increased restrictions on food safety and health will increase demand for air compressors from the food and beverage industry. Following COVID-caused lockdowns, air compressor usage has generally increased. The pandemic significantly decreased sales of the devices, but the air compressor industry has had strong growth, driven by higher industrial and consumer spending in the area. The market for automobile air compressors has grown particularly and is expected to grow even more robustly owing to the surge in industrialization and eventually boosting the Air Compressor Market revenue.
The Air Compressor Market segmentation, based on product has been segmented as portable, and stationary. Among these, the stationary type is projected to dominate the air compressor market revenue through the projected period. Extensive use of stationary machineries in end-use industries, such as manufacturing, home appliances, and automobile is expected to enhance the market in the future. Additionally, in the oil and gas sector, these compressors are widely used for operating pneumatic equipment that is used for pipeline, oil extraction & refining, and other processes.
June 2022:Atlas Copco, one of the air compressor market leaders, acquired Associated Compressor Engineers Ltd, a UK-based company that manufactures air compressor systems.
The Air Compressor Market segmentation, based on technology, the market is segmented as rotary, reciprocating, and centrifugal. Out of which the Rotary segment dominated base year market and is also projected to be the fastest-growing technology segment in the forecasted period as well followed by the centrifugal segment. This can be due to the widespread use of rotary air compressors in significant industrial applications, including those for mechanical and electrical machinery, electric power, electronic and electrical equipment, papermaking and printing, metallurgy and mining, and electrical and mechanical power. Rotary air compressors are highly efficient and low on maintenance cost.
June 2020:Elgi Equipments, one of the world’s leading air compressor manufacturers,launched the ‘LD Series’ range of lubricated direct drive reciprocating air compressors. Nearly all original equipment manufacturers (OEMs) and top component suppliers use the company’s products in their manufacturing facilities, making it one of the largest providers to the Indian automobile industry.
The Air Compressor Market Segmentation Based on lubrication, has been segmented as oil free and oil filled. Rising food safety and security grades due to infections, hazards, and food contamination will drive the oil free air compressor market demand in the forecast period. Due to the implementation of new emission-reduction rules and the growing attention that governments are giving to environmental safety, the oil-free sector is anticipated to grow at the greatest CAGR throughout the projected period. Additionally, the need for air compressors is being fueled by factors including the quick industrialization and expansion of the manufacturing, food processing, and semiconductor sectors.
June 2022:SIAD MI developed and installed a nitrogen compressor that will be used at the new hydrocracking unit in Egypt, run by the Assiut National Oil Processing Company (ANOPC). The compressor will enable gas circulation at the unit.
The Air Compressor Market segmentation based on the end-use, has been segmented as home appliances, food & beverage industry, oil & gas industry, energy industry, semiconductors & electronics industry, manufacturing industry and healthcare industry. The market's largest share belonged to the manufacturing sector. This is due to the accelerated industrialization of developing nations like Brazil, China, and India as well as the growing demand for high-tech, energy-efficient air compressors in the manufacturing industry. The manufacturers are also paying close attention to the lucrative markets of India and Japan; their efforts are mostly focused on building production facilities and setting up established supply chains in the area. Additionally, in the recent past, the majority of consumers from various end-use industries have sought out investments in the Asia Pacific region's emerging economies, which is pivoting the development of manufacturing clusters throughout those regions and driving up sales of goods for the manufacturing industry. The development of the Asia Pacific area will be aided by Australia having a developed and highly functional mining sector.
May 2022:Thorite and Garden Denver announced a partnership to supply industrial-scale air compressors. The reason behind the partnership was to improve servicing management and supply chain management for its customers.
By Region, the study segments the air compressor market into North America, Europe, Asia-Pacific, Middle East & Africa and South America. Asia-Pacific air compressor market holds the largest market share and is also anticipated to account for the largest revenue share during the forecast period. The growing atomization and mechanisation of manufacturing facilities throughout developing countries within the area is largely to blame for the market's growth. Developing manufacturing facilities and establishing well-established supply chain activities inside the region are the key goals of manufacturers who are also paying close attention to the lucrative markets of India and Japan.
Additionally, in the recent past, the majority of consumers from various end-use industries have sought out investments in the Asia Pacific region's emerging economies, which is pivoting the development of manufacturing clusters throughout those regions and driving up sales of goods for the manufacturing industry. The development of the Asia Pacific area will be aided by Australia having a developed and highly functional mining sector.
India air compressor market is anticipated to have the fastest CAGR due to the growth of prosperous end-use industries like manufacturing, energy and power, and the oil and gas industries. The increasing market share of local producers in the local market and the rising output of international rivals in India's domestic market are both boosting sales of compressors in the area.
Over the predicted period, it is expected that North America and Europe air compressor market would experience steady growth. However, it is anticipated that rising investments in Eastern Europe air compressor market will boost the growth prospects for industrial air compressors. Additionally, it is anticipated that customer attention on simple-to-use and energy-efficient goods will accelerate market expansion.
Sales of items with integrated new technology have surged across North America as a result of the rising trend of updating outdated compressors in manufacturing plants. The annual shipment of new and replacement compressors is estimated to be worth over USD 3.3 billion, based on figures provided by U.S. Department of Commerce reports. The U.S. is also driving market growth as a result of the significant investments made by numerous market participants there to establish themselves as a leading vendor in the area. By the end of 2025, it is anticipated that the North American region will have generated more than USD 4.5 billion thanks to a rise in the demand for contemporary goods and a tendency to replace outdated compressors.
June 2022:Elgi Equipments launched its two-stage 15HP and 10 HP compressors at an industrial conference in Tamil Nadu, India. The product’s features include improved efficiency, two-stage compression, lower volumetric space utilization, and the ability to work in fluctuating power supplies.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Air Compressor Market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Air Compressor Market industry must offer cost-effective products to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the Air Compressor industry to benefit clients and expand the Air Compressor market sector is to manufacture locally to reduce operating costs. The market for Air Compressor is recognized as being extremely competitive and fragmented. The market for Air Compressor offers considerable potential opportunities for domestic and unorganised companies. Some of the key players operating in the Air Compressor Market are Atlas Copco AB, Ingersoll Rand, Hitachi Industrial Equipment Systems. and Mitsubishi Heavy Industries, Ltd. among others. To increase their reach and client base, key firms are concentrating on acquisitions and product innovation.
Atlas Copco AB (Atlas Copco)- is a provider of industrial productivity solutions. It develops and manufactures air treatment systems, compressors, assembly systems and industrial power tools. The company also offers vacuum solutions, machine vision, and power and flow solutions. The company’s products enable customers in enhancing their productivity and ergonomics and securing energy efficiency and safety. Atlas Copco serves customers in the construction, manufacturing and process industries across North America, South America, Africa, the Middle East, Europe and Asia Pacific. In March, 2022 Atlas Copco, started powering its compressor factory in Chakan, India, almost exclusively with solar cells. The move contributed to Atlas Copco’s goal to continuously reduce the environmental impact from its operations.
Ingersoll-Rand (India) Ltd (Ingersoll)- Â a subsidiary of Ingersoll Rand Industrial US Inc., is a manufacturer of industrial air compressors. Ingersoll Rand air compressors include stationary single-stage and two-stage reciprocating compressors, rotary screw air compressors, centrifugal air compressors, oil-free air compressors, and a wide range of compressed air dryer solutions. Ingersoll Rand delivers effective solutions for the most demanding industrial compressed air applications. In March, 2022 Ingersoll Rand was recognized as Manufacturing Awards 2022 Winner for its outstanding achievement in sustainability and circular economy by the 2022 Manufacturing Leadership Awards.
October 2020 - Lontra announced an agreement has been signed with Blade Compressors® LLC, a division of Industrial Air Centers with headquarters in Jeffersonville, Indiana (USA), to be the nation wide Distributor for Lontra Blade Compressors and pipeline Lontra products and services across the North America region. Key development strategies, market share analysis, and market positioning analysis of the aforementioned competitors internationally are also included in the competitive landscape.
May 2021:Atlas Copco purchased the operating assets of MidState Air Compressor. The company serves Massachusetts, Connecticut, and Rhode Island in the United States as a distributor of compressors and service provider.
June 2022:Elgi Equipments launched its two-stage 15HP and 10 HP compressors at an industrial conference in Tamil Nadu, India. The product’s features include improved efficiency, two-stage compression, lower volumetric space utilization, and the ability to work in fluctuating power supplies.
January 2024
With effect from the first of the year 2024, the compressor manufacturer Sauer Compressors, which is situated in northern Germany, has acquired its Swedish sales partner Soders Maskinservice AB. The purchase of the firm in its whole is being done with the intention of further expanding Sauer Compressors' market position in the Swedish and Norwegian nations. When it comes to business operations, the new company that has joined the group of enterprises will be known as Sauer Compressors Nordics AB.
High-pressure compressors for all gases and pressures up to 500 bar are manufactured by Sauer Compressors, which is the top producer of high-pressure compressors in the world. These engines are used in commercial ships, the navy, industrial, and offshore applications. Since more than 15 years ago, the Sauer Compressors Group has been represented in Sweden by an organization called Soders Maskinservice, which has sites in both Oskarshamn and Kalmar. The firm, which is owned by a family and was established in 1988, provides comprehensive solutions in the areas of hydraulics, air and gas compressor technology, and filtration.
The firm provides its services to clients in a diverse variety of industries, ranging from transportation to manufacturing. Additionally, the company is involved in the installation, repair, and maintenance of the systems in addition to the sales of such systems. Immediately upon the completion of the purchase of the firm, the significant hydraulics segment will continue to operate only for the Swedish market under the name Soders Hydraulics.
"By taking over the successful company Söders Maskinservice, we can benefit from the expertise of our Swedish colleagues and strengthen our presence in Sweden and the Nordic countries," says Dirk Slottke, the chief operating officer of Sauer Compressors. Each and every employee will continue to work for Sauer Compressors Nordic AB, which is now the 15th site of the Sauer Compressors Group globally.Â
| Attribute/Metric | Details |
| Market Size 2023 | USD 17.39 billion |
| Market Size 2024 | USD 18.34 billion |
| Market Size 2032 | USD 28.8 billion |
| Compound Annual Growth Rate (CAGR) | 5.14% (2024-2032) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2018 & 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Technology, Lubrication, End Use and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa and South America |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Saudi Arabia, UAE, Argentina, |
| Key Companies Profiled | Atlas Copco AB (Sweden), Sullair, L.L.C. (U.S.), Gardner Denver (U.S.), Kaeser compressors SE (Germany), Ingersoll Rand (U.S.), Rolair Systems. (U.S.), Doosan Portable Power (U.S.), Sullivan-Palatek, Inc. (U.S.), Elgi Equipments Ltd. (India), Bauer Compressors, Inc. (U.S.), Emerson Electric Co. (U.S.), and Hitachi Industrial Equipment Systems Co.,Ltd. (Japan).) |
| Key Market Opportunities | The need for energy-efficient solutions. |
| Key Market Dynamics | Rapid industrialization in emerging economies Increasing usage and application of air compressors in several industries. |
Air Compressor Market Highlights:
Frequently Asked Questions (FAQ) :
Air Compressor Market is US$ 17.39 Bn by 2023.
The growth rate of the Air Compressor Market is 5.14%.
Asia-Pacific region held the largest market share in the Air Compressor Market.
Atlas Copco AB (Sweden), Sullair, L.L.C. (U.S.), Gardner Denver (U.S.), Kaeser compressors SE (Germany), Ingersoll Rand (U.S.), Rolair Systems. (U.S.), Doosan Portable Power (U.S.), Sullivan-Palatek, Inc. (U.S.), Elgi Equipments Ltd. (India), Bauer Compressors, Inc. (U.S.), Emerson Electric Co. (U.S.), and Hitachi Industrial Equipment Systems Co.,Ltd. (Japan).
Stationary Air Compressor product type led the Air Compressor Market.
Rotary Technology had the largest market share in the Air Compressor Market.
Oil-Free Lubrication had the largest market share in the Air Compressor Market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
