- Portable,
- Stationary
Air Compressor Market size was valued at USD 34,324.8 million in 2022 and is poised to grow at a CAGR of 4.2% from 2023-2029. An Air compressor is a tool used to transform power into potential energy stored in the form of pressured air using an electric motor or diesel or gasoline powered engines. The air compressor and industrial pumps performs same functions where the pumps focus on only liquids such as water and oil whereas air compressor focuses on air & gas pressurization. The air compressors are used by various applications like powering pneumatic machinery in industrial operation, running laundry pressures in dry cleansers. Ventilating silos in agriculture, spraying crops, various processes in oil and gas pumps industry, food & beverages and other industries. The stationary air compressor held a significant market in 2021 due to the increase in usage of air compressors in automotive industry and many other heavy engineering industries. The centrifugal segment is expected to have a significant growth in the forecasted years due to its widespread use in challenging applications like oil recovery, gas evacuation, gas boosting, and their reduced costs compared to the other systems. The air compression market is expected to grow in the forecasted years due to increasing use of air compressors in various applications due to their variable speed control, its ability to retrofit existing systems, low maintenance cost. The increase in demand of air compressor due to increasing air quality concerns because of increase in number of gas compressor stations, to measure the impact of air and gas compressors. In addition, the growing investments in the non-oil-based projects is expected to drive the growth of air compressor market. The cost of installing the new modern rotary screw compressor is high, and these compressors require often servicing and maintenance and has needs to maintain minimal everyday usage these factors are expected to hinder the market growth in the forecasted years.
Air Compressors Market Key Developments:
Air Compressor Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.5%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Air Compressor Market Dynamics
Air compressors market is expected to grow due to the increase in development of atomized state of art technology-integrated manufacturing facilities.The increase in use of high end compressor in order to produce high energy and high output to the customer. The rapid increase in demand for the automobile industry is expected to have a significant growth in the air compressor industry as the assembling of parts can be done easily and quickly using air compressors in this segment. The air compressors are also used in the air conditioners, as the sale of air conditioners increase the market of air compressor is also expected to increase simultaneously. The positive displacement air compressor is expected to grow significantly due to its increased usage in various multiple growing industries.
North America Got Significant Share
Air Compressor Market Regional Analysis
Air compressors market is segmented based on regions into North America, Asia-pacific, Europe, Latin America, and Middle East and Africa. Asia Pacific air compressors market is likely to hold a significant revenue share, and in the forecasted years, it is predicted to increase due to the rapid increase in oil & gas industries in the countries like India, China Japan in this region. In addition, A broad industrial base in the manufacturing of electronics and semiconductors in the countries like China & Taiwan is expected to drive the market growth significantly in this region. The North America air compressor market is expected to have a significant growth in the forecasted years due to the rising trend of replacing old compressors with the modern air compressors in the industries and rising investments in the industries in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The air compressor market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The air compressor market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The air compressor market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The air compressor market report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The air compressor market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Air Compressor Market Segmentation
By Type
By Technology
- Reciprocating,
- Rotary,
- Centrifugal
By Application
- Food & Beverage,
- Oil & Gas,
- Manufacturing,
- Medical,
- Power Generation,
- Others
Frequently Asked Questions
The air compressor market is projected to expand at a CAGR of 4.5% during the forecast period.
The major players in the global air compressors market are Aertex Compressor, Atlas Copco, CMC,Bauer Group, BelAire Compressors, Cook Compression, Compressor Products International (CPI), Frank Compressors, Galaxy Auto Stationary Equipment Co. Ltd., Gast Manufacturing, Inc., GENERAL ELECTRIC, Ingersoll Rand Plc, Kaeser Compressors, MAT Industries, LLC
Asia Pacific is the fastest-growing region for air compressor market
| 1. Executive Summary |
| 2. Global Air Compressor Market Introduction |
| 2.1. Global Air Compressor Market Taxonomy |
| 2.2. Global Air Compressor Market Definitions |
| 2.2.1. By Type |
| 2.2.2. By Technology |
| 2.2.3. By Lubrication Method |
| 2.2.4. By Application |
| 2.2.5. By Region |
| 3. Global Air Compressor Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Air Compressor Market Dynamic Factors - Impact Analysis |
| 3.6. Global Air Compressor Market – Competition Landscape |
| 4. Global Air Compressor Market Analysis, 2018-2022 and Forecast, 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Air Compressor Market, By Type, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1. Portable |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Stationery |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Air Compressor Market, By Technology, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1. Reciprocating |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Rotary |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Centrifugal |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Air Compressor Market, By Lubrication Method, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1. Oiled |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Oil-free |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Air Compressor Market, By Application, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1. Food & Beverage |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Oil & Gas |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Manufacturing |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Medical |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Power Generation |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Others |
| 8.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.6.3. Market Opportunity Analysis |
| 9. Global Air Compressor Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia-Pacific |
| 9.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Middle East and Africa |
| 9.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global Air Compressor Market - Opportunity Analysis Index, By Type, Technology, Air Compressor, Application, and Region, 2023-2029 |
| 10. North America Air Compressor Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 10.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Portable |
| 10.1.2. Stationary |
| 10.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Reciprocating |
| 10.2.2. Rotary |
| 10.2.3. Centrifugal |
| 10.3. Lubrication Method Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Oiled |
| 10.3.2. Oil-free |
| 10.4. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Food & Beverage |
| 10.4.2. Oil & Gas |
| 10.4.3. Manufacturing |
| 10.4.4. Medical |
| 10.4.5. Power Generation |
| 10.4.6. Others |
| 10.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. USA |
| 10.5.2. Canada |
| 10.6. North America Air Compressor Market - Opportunity Analysis Index, By Type, Technology, Lubrication Method, Application, and Country, 2023-2029 |
| 10.7. North America Air Compressor Market Dynamics – Trends |
| 11. Europe Air Compressor Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 11.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Portable |
| 11.1.2. Stationary |
| 11.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Reciprocating |
| 11.2.2. Rotary |
| 11.2.3. Centrifugal |
| 11.3. Lubrication Method Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Oiled |
| 11.3.2. Oil-free |
| 11.4. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Food & Beverage |
| 11.4.2. Oil & Gas |
| 11.4.3. Manufacturing |
| 11.4.4. Medical |
| 11.4.5. Power Generation |
| 11.4.6. Others |
| 11.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. UK |
| 11.5.3. France |
| 11.5.4. Spain |
| 11.5.5. Italy |
| 11.5.6. Russia |
| 11.5.7. Rest of Europe |
| 11.6. Europe Air Compressor Market - Opportunity Analysis Index, By Type, Technology, Lubrication Method, Application, and Country, 2023-2029 |
| 11.7. Europe Air Compressor Market Dynamics – Trends |
| 12. Asia-Pacific Air Compressor Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 12.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Portable |
| 12.1.2. Stationary |
| 12.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Reciprocating |
| 12.2.2. Rotary |
| 12.2.3. Centrifugal |
| 12.3. Lubrication Method Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Oiled |
| 12.3.2. Oil-free |
| 12.4. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Food & Beverage |
| 12.4.2. Oil & Gas |
| 12.4.3. Manufacturing |
| 12.4.4. Medical |
| 12.4.5. Power Generation |
| 12.4.6. Others |
| 12.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. China |
| 12.5.2. India |
| 12.5.3. Japan |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia-Pacific Air Compressor Market - Opportunity Analysis Index, By Type, Technology, Lubrication Method, Application, and Country, 2023-2029 |
| 12.7. Asia-Pacific Air Compressor Market Dynamics – Trends |
| 13. Latin America Air Compressor Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 13.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Portable |
| 13.1.2. Stationary |
| 13.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Reciprocating |
| 13.2.2. Rotary |
| 13.2.3. Centrifugal |
| 13.3. Lubrication Method Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Oiled |
| 13.3.2. Oil-free |
| 13.4. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Food & Beverage |
| 13.4.2. Oil & Gas |
| 13.4.3. Manufacturing |
| 13.4.4. Medical |
| 13.4.5. Power Generation |
| 13.4.6. Others |
| 13.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Mexico |
| 13.5.3. Rest of Latin America |
| 13.6. Latin America Air Compressor Market - Opportunity Analysis Index, By Type, Technology, Lubrication Method, Application, and Country, 2023-2029 |
| 13.7. Latin America Air Compressor Market Dynamics – Trends |
| 14. Middle East and Africa Air Compressor Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 14.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Portable |
| 14.1.2. Stationary |
| 14.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1. Reciprocating |
| 14.2.2. Rotary |
| 14.2.3. Centrifugal |
| 14.3. Lubrication Method Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Oiled |
| 14.3.2. Oil-free |
| 14.4. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Food & Beverage |
| 14.4.2. Oil & Gas |
| 14.4.3. Manufacturing |
| 14.4.4. Medical |
| 14.4.5. Power Generation |
| 14.4.6. Others |
| 14.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Gulf Cooperation Council (GCC) Countries |
| 14.5.2. South Africa |
| 14.5.3. Rest of MEA |
| 14.6. MEA Air Compressor Market - Opportunity Analysis Index, By Type, Technology, Lubrication Method, Application, and Country, 2023-2029 |
| 14.7. MEA Air Compressor Market Dynamics – Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Key Types, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. AireTex Compressor |
| 15.2.2. Atlas Copco |
| 15.2.3. Bauer Group |
| 15.2.4. CMC |
| 15.2.5. BelAire Compressors |
| 15.2.6. Cook Compression |
| 15.2.7. Compressor Products International (CPI) |
| 15.2.8. Frank Compressors |
| 15.2.9. Galaxy Auto Stationary Equipment Co. Ltd. |
| 15.2.10. Gast Manufacturing, Inc. |
| 15.2.11. GENERAL ELECTRIC |
| 15.2.12. Ingersoll Rand Plc |
| 15.2.13. Kaeser Compressors |
| 15.2.14. MAT Industries, LLC |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
- AireTex Compressor
- Atlas Copco
- Bauer Group
- CMC
- BelAire Compressors
- Cook Compression
- Compressor Products Internationa
- Frank Compressors
- Galaxy Auto Stationary Equipment
- Gast Manufacturing, Inc.
- GENERAL ELECTRIC
- Ingersoll Rand Plc
- Kaeser Compressors
- MAT Industries, LLC