Air Compressor Market Trend, Share, Growth, Size, and Forecast 2032

Air Compressor Market Size

According to Zion Market Research, the global Air Compressor Market was worth USD 25.08 Billion in 2023. The market is forecast to reach USD 38.31 Billion by 2032, growing at a compound annual growth rate (CAGR) of 4.82% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Air Compressor Market industry over the next decade.

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Air Compressor Market: Overview

An air compressor is a machine that is competent of converting electrical power into kinetic energy, especially by utilizing compressed air. When air is released in a quick burst, it releases an amount of kinetic energy that can be harnessed for various purposes, including pneumatic device activation, air transfer, and cleaning operations.Air compressors work into two stages such release operation and compression operation. There are multiple methods of compressing air, including centrifugal compression, rotary screws, and reciprocating pistons.

The advent of energy efficient air compressors which are available in the portable model is the major factor expected to boost the demand of air compressor market in coming years. The emergence of next-generation compressed air systems with low maintenance and eco-friendly features is foreseen to push shift demand from traditional equipment to recent technology. In addition, the constant advent of the new product with innovative technology, significant demands from oil & gas and home appliances industries are the factors projected to promote the growth of air compressor market. However, escalating prices of raw material may limit the growth of air compressor market.Nonetheless, surging demand from construction industry is expected to open up alluring opportunities for air compressor market in the analysis period.

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COVID-19 Impact Analysis:

The global Air Compressor market has witnessed a decrease in the number of units due to the lockdown enforcement placed by governments in order to contain COVID spreading. People had no option but to remain indoors, so the sales of products decreased drastically. The restrictions imposed by various nations to contain COVID had stopped production resulting in disruption across the whole supply chain. However, the world markets are slowly opening to their full potential, and theirs a surge in demand for Air compressors. The market would remain bullish in the upcoming year.   

Air Compressor Market: Growth Factors

The growth of the air compressor market is mainly driven by the advent of energy-efficient air compressors, which are available. Furthermore, significant demands from the oil & gas and home appliances industries, and the constant advent of new products with innovative technology by manufacturers are some of the factors estimated to propel the growth of the air compressor market. Next-generation compressed air systems with low maintenance and eco-friendly feature are foreseen to support the shifting demand from traditional equipment to modern technology. However, prices of raw materials are significantly mounting which may impact the air compressor market. Nonetheless, increasing demand from the construction industry is expected to open up alluring opportunities for the air compressor market in the analysis period.

Air Compressor Market: Segmentation

Based on technology, the global air compressor market is bifurcated into reciprocating, rotary type and centrifugal compressors. Rotary technology segment emerged as a leading segment of the global air compressor market in terms of demand 2016. This segment is expected to retain its dominance for analysis period due to rising demand from the ventilation, heating, and air conditioning industry.

Based on lubrication type, the market is categorized into oil-filled and oil-free air compressors. Oil-free air compressors supply non-contaminated air and are receiving increased adoption in industries such as electronic assembling, food & beverage, and pharmaceuticals. In 2020, oil-filled air compressors emerged as a leading lubrication type segment and will continue to dominate demand for the analysis period.

Application segment categorized into food & beverage, healthcare, home appliances, energy, oil & gas, electronics, manufacturing, and others.

Air Compressor Market: Report Scope

Air Compressor Market: Regional Analysis

Asia Pacific air compressor market is expected to show robust growth on account of growing infrastructure spending and manufacturing facilities. Latin America along with the Middle East & Africa is expected to witness significant growth over the analysis period owing to an upcoming construction project in BRIC nation, growing awareness towards eco-friendly products and changing regulatory scenario.

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Air Compressor Market: Key Players & Competitive Landscape

The key dominant players operative in the global air compressor market include:

• Energy
• Mitsubishi Heavy Industries
• Sullair
• Ebara Corp.
• KPCL
• Elgi Equipment Ltd.
• Atlas Copco
• Ingersoll Rand
• Chicago Pneumatic
• Bauer Group
• BelAire
• Sulzer Ltd.
• Kobe Steel 
• VMAC

The global Air Compressor market is segmented as follows:   

By Technology

• Reciprocating
• Rotary
• Centrifugal

By Lubrication Method

• Oil Filled
• Oil Free

By Application

• Food & Beverage
• Healthcare
•  Home Appliances
• Energy
• Oil & Gas
• Centrifugal
• Manufacturing
• Others

By Region

• North America

  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa