Market Outlook

The Air Compressors market was valued at USD 24,222 Million in 2023 and is projected to grow to USD 34,291 Million by 2030, with a compound annual growth rate (CAGR) of 5.3% from 2024 to 2030. The air compressors market encompasses the production and sale of devices that convert power into compressed air for various applications. These systems are essential in industries such as manufacturing, automotive, food and beverages, oil and gas, and healthcare. The market is driven by rapid industrialization and urbanization, particularly in emerging economies, where infrastructure and manufacturing activities are on the rise. Additionally, there is a growing demand for energy-efficient and eco-friendly compressors in response to stringent environmental regulations and the need to reduce operational costs.

Air Compressors market

Technological advancements, including IoT-enabled smart compressors and oil-free designs, are also contributing to market growth. Emerging markets, particularly in the Asia-Pacific and Latin America regions, offer abundant opportunities as industrialization accelerates. The adoption of sustainable and energy-efficient compressors, including solar-powered models, is becoming more common as industries aim to minimize their carbon footprint. Moreover, the integration of smart technologies allows for real-time monitoring and predictive maintenance, reducing downtime and improving efficiency.

The aftermarket segment, which includes maintenance services and refurbished systems, presents additional growth potential. Applications in renewable energy, such as wind and hydrogen systems, further enhance the market's prospects. As the demand for clean air grows in sectors like healthcare and food processing, the need for advanced, oil-free compressors continues to rise.

Air Compressors market trand

Key Insights

Asia Pacific accounted for the largest share of the Air Compressors market at 40.56% in 2023. The Asia-Pacific region leads the global air compressors market, driven by rapid industrialization, urbanization, and economic growth in key countries such as China, India, and Japan. This area is home to some of the largest manufacturing hubs in the world, resulting in a significant demand for air compressors across various industries, including automotive, electronics, semiconductors, and construction.

China is at the forefront of the market due to its extensive industrial base and large-scale production facilities. India is experiencing growth thanks to increased infrastructure development and government initiatives that promote industrial expansion. Additionally, Japan contributes to substantial market share with its advanced technology and focus on high-quality manufacturing.

In terms of Type, the Rotary Compressors accounted for a major share of 50.11%in 2023. The rotary compressors segment leads the global air compressors market due to its efficiency, durability, and versatility. Compared to reciprocating compressors, rotary compressors use less energy, making them more cost-effective for long-term use. They are particularly favored for continuous, high-volume operations in industries such as manufacturing, automotive, oil and gas, and food processing. Their low maintenance requirements and long operational lifespan further contribute to their market dominance.

Additionally, advancements in technology, such as variable-speed drives (VSDs), have enhanced the efficiency and adaptability of rotary compressors, expanding their range of applications. While reciprocating compressors are more economical for smaller-scale needs and centrifugal compressors are utilized in large-scale, high-capacity applications, rotary compressors offer an optimal balance between cost, performance, and energy efficiency. Consequently, the rotary compressor segment continues to dominate the market.

Market Dynamics

The rise of automation and smart factories enhances the need for air compressors to power machinery and automated systems.

The rise of automation and smart factories has significantly increased the demand for air compressors, which are critical in powering machinery, automated systems, and pneumatic tools. In modern manufacturing environments, automation technologies like robotic arms, conveyor systems, and assembly line processes rely heavily on compressed air to function efficiently. Air compressors provide a reliable source of power for pneumatic actuators, valves, and other equipment that control and move products along production lines.

As factories evolve into smart factories, which integrate advanced sensors, data analytics, and Internet of Things (IoT) systems, the demand for precision and energy efficiency in industrial processes grows. Air compressors play a vital role by enabling automation with greater accuracy and reliability. They ensure that machinery operates smoothly, minimizing downtime and optimizing production speed.

Furthermore, automated systems often require consistent, high-quality compressed air for precise operations, especially in industries like automotive, electronics, and pharmaceuticals, where the risk of contamination must be minimized. As the trend toward automation accelerates, the need for energy-efficient and low-maintenance air compressors that can meet the increasing operational demands of smart factories becomes more pronounced. These compressors help reduce energy consumption while maintaining productivity, making them essential for modern industrial manufacturing.

Ongoing maintenance and operational expenses can deter businesses, especially smaller ones, from investing in air compressors.

Ongoing maintenance and operational expenses are important factors for businesses, especially smaller ones, when considering the investment in air compressors. While air compressors are crucial for many industrial operations, they require regular maintenance to ensure efficient performance and longevity. This maintenance includes tasks such as checking and replacing filters, changing oil for oil-lubricated compressors, and servicing mechanical components. For small businesses with limited budgets, these recurring costs can accumulate, particularly if the equipment is used in demanding environments.

Moreover, air compressors consume a significant amount of energy, especially older, larger models, which results in high operational costs. Small businesses may find it challenging to manage these expenses, particularly if energy efficiency is not maximized. The ongoing costs of maintenance and energy consumption can discourage smaller companies from investing in air compressors. As a result, they may opt for alternative solutions or postpone equipment upgrades to avoid these financial burdens.

Key Pointers

Values

Report Focus

Global

Largest Region

Asia Pacific

Fastest Growing Region

Asia Pacific

Base Year

2023

CAGR % (2024-2030)

5.3%

Forecast Year

2024-2030

Historical Year

2015-2022

Market Size in 2023

USD 24,222 Million

Market Size in 2030

USD 34,291 Million

Countries Covered

U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Turkey, Israel, China, Japan, India, South Korea, Australia, SEA, Brazil, Chile, Argentina, Saudi Arabia, UAE, Qatar, South Africa, Rest of World

Key Driver & Challenges

Increased industrial automation, growing demand for energy-efficient systems, and expansion in construction and manufacturing sectors.

High maintenance costs, energy consumption concerns, and fluctuating raw material prices, which may hinder market growth and adoption. 

Segments Covered

By Type, By Power Source, By Pressure Range, By End-User Industry

Segmental Analysis

Based on Type, Air Compressors market is segmented into Reciprocating Compressors, Rotary Compressors, Centrifugal Compressors.

Air Compressors market size

The rotary compressors segment is expected to lead the global air compressors market due to several key factors driving its adoption across various industries. Rotary compressors, which include screw and vane compressors, are recognized for their efficiency, reliability, and ability to provide a continuous flow of air. These characteristics make them highly suitable for industrial applications that require steady, high-volume airflow, such as in manufacturing, construction, and chemical processing.

One of the primary advantages of rotary compressors is their compact design and relatively low maintenance requirements compared to reciprocating compressors. This makes them cost-effective in the long run, especially for businesses looking to reduce operational downtime and maintenance expenses. Additionally, rotary compressors excel in applications with fluctuating or high-volume demand, as they maintain consistent pressure levels and have a longer operational lifespan.

Furthermore, rotary compressors are more energy-efficient than reciprocating models, offering lower power consumption and, consequently, reduced energy costs. As industries increasingly seek energy-efficient solutions to minimize their carbon footprints, rotary compressors are becoming the preferred choice for air compression needs.

Their versatility, performance, and energy-saving benefits position rotary compressors as a dominant force in the global market, especially as industries continue to focus on operational efficiency and sustainability.

Segments

Values

By Power Source
  • Electric-powered
  • Gas-powered

By Pressure Range
  • Low-pressure compressors
  • Medium-pressure compressors
  • High-pressure compressors

By End-User Industry
  • Construction
  • Automotive and Transportation
  • Home Appliances
  • Food & Beverage
  • Medical Devices

 

Regional Landscape

In the context of regional analysis, the Air Compressors market includes North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

The market size of the Asia Pacific was valued at USD 9,880 Million in 2023 and is expected to reach USD 14,539 Million by 2030, with a CAGR of 5.8% during the forecast period. The Asia-Pacific region is the leading player in the global air compressor market, driven by rapid industrialization and robust economic growth, particularly in countries such as China, India, and Japan. This region serves as a manufacturing powerhouse, making significant contributions to global GDP through various industrial activities, which in turn fuels the demand for air compressors. As industries expand in sectors like automotive, power generation, and food processing, the need for air compressors to power equipment and streamline production processes has increased significantly.

Global Air Compressors market

Additionally, the region is experiencing substantial investments in energy, infrastructure, and pipeline industries, all of which rely on advanced air compression technologies. This includes the growing power and energy sectors, where compressors are essential for operations in power plants, oil refining, and gas transportation. The demand is further intensified by the rise of small-scale industries and the increasing use of portable air compressors in construction and DIY projects.

Technological advancements in air compressors, such as IoT integration and energy-efficient solutions, are also contributing to market growth in the Asia-Pacific. The region’s ongoing focus on infrastructure development, combined with the rising adoption of air compressors in emerging industries, positions Asia-Pacific as the foremost market for air compressors globally.

Competitive Landscape

Some of the major companies operating within the Air Compressors market are: Hitachi Ltd., Mitsubishi Heavy Industries Ltd., Doosan Infracore Portable Power, Atlas Copco AB, Sulzer Ltd., EBARA CORPORATION, Ingersoll Rand, Campbell Hausfeld, Gardner Denver Inc., Siemens AG, ELGi Equipments Limited  and Others.   

Table of Contents

  1. Global Air Compressors Market Introduction and Market Overview
    1. Objectives of the Study
    2. Global Air Compressors Market Scope and Market Estimation
      1. Global Air Compressors Overall Market Size (US$ Million & Units), Market CAGR (%), Market forecast (2024 - 2030)
      2. Global Air Compressors Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2030
    3. Market Segmentation
      1. Type of Global Air Compressors Market
      2. Power Source of Global Air Compressors Market
      3. Pressure Range of Global Air Compressors Market
      4. End-User Industry of Global Air Compressors Market
      5. Region of Global Air Compressors Market
  2. Executive Summary
    1. Demand Side Trends
    2. Key Market Trends
    3. Market Demand (US$ Trillion) Analysis 2019 – 2023 and Forecast, 2024 – 2034
    4. Demand and Opportunity Assessment
    5. Market Dynamics
      1. Drivers
      2. Limitations
      3. Opportunities
      4. Impact Analysis of Drivers and Restraints
    6. Cost Tear Down Analysis
    7. Key Developments
    8. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
    9. PEST Analysis
      1. Political Factors
      2. Economic Factors
      3. Social Factors
      4. Technological Factors
    10. Production Farm Size by Countries, 2019-2023, Units
    11. Production Farm Size by Companies & Locations, 2019-2023,
      1. Hitachi Ltd.
      2. Mitsubishi Heavy Industries Ltd.
      3. Doosan Infracore Portable Power
      4. Atlas Copco AB
      5. Sulzer Ltd.
      6. EBARA CORPORATION
      7. Ingersoll Rand
      8. Campbell Hausfeld
      9. Gardner Denver Inc.
      10. Siemens AG
      11. ELGi Equipments Limited
      12. Others
  3. Global Air Compressors Market Estimates & Historical Trend Analysis (2019 - 2023)
  4. Global Air Compressors Market Estimates & Forecast Trend Analysis, by Type
    1. Global Air Compressors Market Revenue (US$ Trillion) Estimates and Forecasts, Type, 2019 - 2034
      1. Reciprocating Compressors
      2. Rotary Compressors
      3. Centrifugal Compressors
  5. Global Air Compressors Market Estimates & Forecast Trend Analysis, by Power Source
    1. Global Air Compressors Market Revenue (US$ Trillion) Estimates and Forecasts, Power Source, 2019 - 2034
      1. Electric-powered
      2. Gas-powered
  6. Global Air Compressors Market Estimates & Forecast Trend Analysis, by Pressure Range
    1. Global Air Compressors Market Revenue (US$ Trillion) Estimates and Forecasts, Pressure Range, 2019 - 2034
      1. Low-pressure compressors
      2. Medium-pressure compressors
      3. High-pressure compressors
  7. Global Air Compressors Market Estimates & Forecast Trend Analysis, by End-User Industry
    1. Global Air Compressors Market Revenue (US$ Trillion) Estimates and Forecasts, End-User Industry, 2019 - 2034
      1. Construction
      2. Automotive and Transportation
      3. Home Appliances
      4. Food & Beverage
      5. Medical Devices
  8. Global Air Compressors Market Estimates & Forecast Trend Analysis, by Region
    1. Global Air Compressors Market Revenue (US$ Trillion) Estimates and Forecasts, by Region, 2019 - 2034
      1. North America
      2. Europe
      3. Asia Pacific
      4. Middle East & Africa
      5. South America
  9. North America Air Compressors Market: Estimates & Forecast Trend Analysis
    1. North America Air Compressors Market Assessments & Key Findings
      1. North America Air Compressors Market Introduction
      2. North America Air Compressors Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
        1. By Type
        2. By Power Source
        3. By Pressure Range
        4. By End-User Industry
        5. By Country
          1. The U.S.
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in the U.S., 2019-2023
          2. Canada
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Canada, 2019-2023
          3. Mexico
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Mexico., 2019-2023
  10. Western Europe Air Compressors Market: Estimates & Forecast Trend Analysis
    1. Western Europe Air Compressors Market Assessments & Key Findings
      1. Western Europe Air Compressors Market Introduction
      2. Western Europe Air Compressors Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
        1. By Type
        2. By Power Source
        3. By Pressure Range
        4. By End-User Industry
        5. By Country
          1. Germany
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Germany, 2019-2023
          2. Italy
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Italy, 2019-2023
          3. U.K.
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in U.K, 2019-2023
          4. France
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in France, 2019-2023
          5. Spain
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Spain, 2019-2023
          6. Benelux
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Benelux, 2019-2023
          7. Nordics
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Nordics, 2019-2023
          8. Rest of W. Europe
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Rest of Western Europe, 2019-2023
  11. Eastern Europe Air Compressors Market: Estimates & Forecast Trend Analysis
    1. Eastern Europe Air Compressors Market Assessments & Key Findings
      1. Eastern Europe Air Compressors Market Introduction
      2. Eastern Europe Air Compressors Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
        1. By Type
        2. By Power Source
        3. By Pressure Range
        4. By End-User Industry
        5. By Country
          1. Russia
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Russia, 2019-2023
          2. Hungary
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Hungary, 2019-2023
          3. Poland
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Poland, 2019-2023
          4. Balkan & Baltics
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Balkan and Baltics, 2019-2023
          5. Rest of E. Europe
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Eastern Europe, 2019-2023
  12. Asia Pacific Air Compressors Market: Estimates & Forecast Trend Analysis
    1. Asia Pacific Market Assessments & Key Findings
      1. Asia Pacific Air Compressors Market Introduction
      2. Asia Pacific Air Compressors Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
        1. By Type
        2. By Power Source
        3. By Pressure Range
        4. By End-User Industry
        5. By Country
          1. China
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in China, 2019-2023
          2. Japan
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Japan, 2019-2023
          3. India
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in India, 2019-2023
          4. Australia & New Zealand
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Australia and New Zealand, 2019-2023
          5. South Korea
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in South Korea, 2019-2023
          6. ASEAN
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in ASEAN, 2019-2023
          7. Rest of Asia Pacific
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Rest of Asia Pacific 2019-2023
  13. Middle East & Africa Air Compressors Market: Estimates & Forecast Trend Analysis
    1. Middle East & Africa Market Assessments & Key Findings
      1. Middle East & Africa Air Compressors Market Introduction
      2. Middle East & Africa Air Compressors Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
        1. By Type
        2. By Power Source
        3. By Pressure Range
        4. By End-User Industry
        5. By Country
          1. UAE
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in UAE, 2019-2023
          2. Saudi Arabia
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Saudi Arabia, 2019-2023
          3. Turkey
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Turkey, 2019-2023
          4. South Africa
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in South Africa, 2019-2023
          5. Rest of MEA
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Rest of MEA, 2019-2023
  14. Latin America Air Compressors Market: Estimates & Forecast Trend Analysis
    1. Latin America Market Assessments & Key Findings
      1. Latin America Air Compressors Market Introduction
      2. Latin America Air Compressors Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
        1. By Type
        2. By Power Source
        3. By Pressure Range
        4. By End-User Industry
        5. By Country
          1. Brazil
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Brazil, 2019-2023
          2. Argentina
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Argentina, 2019-2023
          3. Colombia
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Colombia, 2019-2023
          4. Rest of LATAM
            1. By Type
            2. By Power Source
            3. By Pressure Range
            4. By End-User Industry
            5. Top Companies Market Share in Rest of LATAM, 2019-2023
  15. Country Wise Air Compressors Market: Introduction
  16. Competition Landscape
    1. Global Air Compressors Market Product Mapping
    2. Global Air Compressors Market Concentration Analysis, by Leading Players / Innovators / Emerging Players / New Entrants
    3. Global Air Compressors Market Tier Structure Analysis
    4. Global Air Compressors Market Concentration & Company Market Shares (%) Analysis, 2023
  17. Company Profiles
    1. Hitachi Ltd.
      1. Company Overview & Key Stats
      2. Revenue (USD Million), Sales (Units), and Gross Margin & Market Share, 2019-2023
      3. Product Portfolio & Pricing Analysis
      4. SWOT Analysis
      5. Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

    1. Mitsubishi Heavy Industries Ltd.
    2. Doosan Infracore Portable Power
    3. Atlas Copco AB
    4. Sulzer Ltd.
    5. EBARA CORPORATION
    6. Ingersoll Rand
    7. Campbell Hausfeld
    8. Gardner Denver Inc.
    9. Siemens AG
    10. ELGi Equipments Limited
    11. Others
  2. Research Methodology
    1. External Transportations / Databases
    2. Internal Proprietary Database
    3. Primary Research
    4. Secondary Research
    5. Assumptions
    6. Limitations
    7. Report FAQs
  3. Research Findings & Conclusion

No of Tables: 250
No of Figures: 200
 

Frequently Asked Questions

The average CAGR of Air Compressors Market is 5.3%.

Rotary Compressors dominated the market with a share of 50.11% in 2023.

APAC is estimated to emerge as a fastest growing region with a CAGR of 5.8% during the forecast period 2024-2030.

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