Air Compressor Market Size, Share, and Trends 2025 to 2034

What is the Air Compressor Market Size?

The global air compressor market size was exhibited at USD 26.71 billion in 2024 and is anticipated to reach around USD 42.4 billion by 2034, expanding at a CAGR of 4.72% from 2025 to 2034. 

Air Compressor Market Key Takeaways

• In terms of revenue, the market is valued at $27.97 billion in 2025.
• It is projected to reach $42.4 billion by 2034.
• The market is expected to grow at a CAGR of 4.72% from 2025 to 2034.
• Asia Pacific dominated the global air compressor market with the largest market share of 42.43% in 2024.
• By type, the stationery segment contributed the highest market share of 62% in 2024.
• By product, the rotary segment led the market in 2024.
• By product, the centrifugal segment is projected to grow at a significant CAGR during the forecast period.
• By application, the manufacturing segment contributed the biggest market share in 2024.
• By application, the oil and gas segment is expanding at a solid CAGR during the forecast period.

AI in the Market

The AI is revolutionizing the air compressor market in terms of operational efficiency and reliability. Major focuses are maintenance prediction, when using real-time data to predict failures, and adaptive energy optimization to prevent energy wastage. Automation promotes load balancing and increases wear life, also introducing remote monitoring for a higher level of operational control. AI also helps reduce carbon emissions and opens new business avenues in the form of performance-based services. In general, AI facilitates a huge scope for enhancing compressor performance to make industries cost-efficient and sustainable.

Asia Pacific Air Compressor Market Size and Growth 2025 to 2034

The Asia Pacific air compressor market size was evaluated at USD 11.33 billion in 2024 and is predicted to be worth around USD 18.01 billion by 2034, rising at a CAGR of 4.74% from 2025 to 2034.

Asia Pacific accounted for a market share of over 42.43% and dominated the global air compressor market in 2024. This is majorly attributed to the huge presence of manufacturing sectors in the region. The favorable government policies has attracted huge FDIs in the region and the cheap availability of factors of production in the region has resulted in the concentration of the industries. The countries like China and India are becoming the manufacturing hub of the globe. Therefore, the higher presence of industries has boosted the demand for the air compressors in the region. The rapidly growing applications of the air compressors in the various industries such as food & beverages, mining, pulp & paper, and construction industries is expected to further fuel the Asia Pacific air compressor market.

Dominating the air compressor market, the Asia-Pacific region benefits from rapid industrialization, especially in powerhouse nations like China and India, which possess strong manufacturing capabilities. The demand for air compressors spans various industries—manufacturing, construction, and automotive—fueled by the increasing application of automation technologies. The significant industrial expansion, particularly in electronics manufacturing, such as semiconductors and microchips, acts as a primary driver for the elevated requirement for air compression systems within the region.

North America is expected to witness a steady growth rate during the forecast period. The surging investments in the development of oil and gas distribution networks and increased adoption of the eco-friendly air compressors in the industrial units of US is expected to drive the market growth during the forecast period.

North America's air compressor market is also on an upward trajectory, characterized by a mature industrial framework and high adoption rates across diverse sectors. The presence of major players in the market, coupled with a shift towards industrial automation and energy efficiency, is propelling the demand for advanced air compressor solutions. Compliance with stringent environmental regulations is further incentivizing the adoption of innovative air compression technologies across manufacturing, oil and gas, and power generation industries.

Air Compressor Market Growth Factors

The growing oil and gas industry is a major factor that drives the growth of the global air compressor market. The rising consumption of energy in developing countries like China, India, and South Korea is driving the market growth. The rapid industrialization and growing investments to enhance the oil and gas pipeline networks is expected to have a positive and significant impact on the demand for the air compressors across the globe. The air compressors have wide applications in the industries such as freezing, cooling, cutting, welding, and packaging. The rapid growth of the industries across the developed and the developing regions is augmenting the growth of the air compressor market. Furthermore, the surging growth of the various industries such as chemicals & petrochemicals, manufacturing, power generation, paper and pulp, pharmaceuticals, and food & beverages industries is expected to provide lucrative growth opportunities to the market players in the forthcoming years. The surging adoption of the variable speed systems, retrofitting for the available systems, low cost of maintenance, and operational effectiveness are the major factors that are significantly boosting the demand for the air compressors across various key industries around the globe.

The growing demand for the energy-efficient air compressors to minimize the operational costs is driving the global market growth. The rising initiatives by the prominent market players to develop low cost and eco-friendly air compressors are expected to positively impact the market growth. Various companies have already developed next-generation systems that offer high performance capabilities at affordable costs. The demand for the innovative air compressors is significantly rising owing to the enhanced cost-saving features. The presence of several top manufacturers and the new product launches by them significantly drives the growth of the market. Furthermore, the increased demand for the compressed air in the various industries for the power tools is significantly driving the market growth. Furthermore, the rising demand for the air compressors in the construction and mining industry is fueling the demand for the innovative air compressors for achieving cost efficiency.

• Expanding Oil & Gas Sector: New exploration and pipeline projects are intensifying the demand for dependable compressed air solutions, resulting in the overall market growth.
• Industrial Expansion: Development in manufacturing, chemical, construction, and mining applications of air compressors aids in their steady adoption.
• Energy-Efficient Systems: Demand for variable speed drive type compressors and environmentally friendly designs, under cost-saving and sustainability fronts, support market growth.
• Technological Innovation: Further development of advanced, next-generation air compressors, offering high performance and easy maintenance, has provided a competitive edge to the market.
• Construction and Mining Applications: On the heavy side, the rise in demand for compressed air for tools and machinery is driving the demand for infrastructure and resource extraction operations.

Market Scope

Type Insights

The stationery segment contributed the highest market share of 62% in 2024. The increased demand for the stationery air compressor in the manufacturing industry across the globe has fueled the growth of this segment. Moreover, the rapid industrialization in the developing countries like Saudi Arabia, UAE, India, Brazil, and China is expected to spur the demand for the stationery air compressors in the upcoming future.

The portable is estimated to be the most opportunistic segment during the forecast period. The portable air compressors serves as a reliable power source to various tools and equipment in the construction, mining, and other industries, which is a major factors that is expected to drive the growth of this segment in the upcoming years.

Product Insights

The rotary segment dominated the global air compressor market in 2024, owing to the huge demand and higher adoption of the rotary air compressors in the big industries such as pulp and paper, mechanical and electrical machinery, mining and metallurgy, and electric power industries across the globe.

On the other hand, the centrifugal is expected to be the fastest-growing segment during the forecast period. The energy efficiency, fewer components, and higher airflow are the major features of the centrifugal air compressors that is fueling its adoption across various end use verticals.

Application Insights

The manufacturing segment dominated the global air compressor market in 2024. The rising investments in the industrialization of the developing and the underdeveloped region is fueling the growth of the segment. The air compressor have extensive utilization in the manufacturing industry. The high demand for the air compressors in the manufacturing sectors of the developed countries has significantly fueled the growth of the manufacturing segment in the past decades.

The oil and gas is estimated to be the most opportunistic segment during the forecast period. The surging adoption of the portable air compressors in oil and gas industry is fueling the market growth. The rising investments in the development of effective pipeline networks is expected to drive the growth of the segment.

The air compressor market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.

Air Compressor Market Companies

• Atlas Copco AB
• Kobe Steel Ltd.
• ElgiEquipments Limited
• Ingersoll-Rand PLC
• Kirloskar Pneumatic Company Limited
• Mitsubishi Heavy Industries Ltd.
• Suzler Ltd.
• Ebara Corporations
• Porter Cable
• VMAC Global Technology Inc.

ZF

• In April 2025, ZF launched a state-of-the-art Quiet Compressor tailored specifically for electric trucks, designed to enhance performance while minimizing noise pollution.

ELGi

• In February 2025, ELGi unveiled a transformative innovation in industrial air compression technology that aims to optimize efficiency and reduce costs.

Hitachi Industrial Equipment Systems

• In June 2024, Hitachi Industrial Equipment Systems introduced a "Predictive Diagnosis Service" for air compressors, harnessing machine learning techniques to provide proactive maintenance solutions.

Value Chain Analysis

• Raw Material Sourcing: Procurement of metals, alloys, and electronic components essential in compressor making. 
• Component Fabrication: Machining and assembling precise components such as pistons, housings, and motors for compressor systems.
  Key Players: Atlas Copco, Ingersoll Rand, Kirloskar Pneumatic Co. Ltd
• Testing and Certification: Conducting severe tests concerning performance and safety to ensure reliability and regulatory compliance.
  Key Players: Bureau of Indian Standards (BIS), TCR Engineering Services, Absolute Veritas
• Installation & Commissioning: Setting up the compressors and calibrating them for performance and safety.
  Key Players: Dynacorp Engineering Pvt. Ltd., Sahas Utility Services, Airo Tech Enterprises, Samarthair Pneumatics Pvt Ltd
• Distribution and Sales: Managing logistics, supply chain, and marketing programs to bring compressors to end users worldwide.
  Key Players: Atlas Copco, Ingersoll Rand, Kaeser Kompressoren
• Maintenance & After Sales: Handling repairs, periodical maintenance, and technical support to ensure optimization of machine efficiency and lifespan.
  Key Players: ELGi Equipments, Quincy Compressor, Ingersoll Rand
• Product Lifecycle Management: Managing the design, usage, service, and environmentally friendly disposal for value maximization and sustainability.
  Key Players: Siemens Digital Industries Software, Dassault Systèmes, PTC

Segments Covered in the Report

By Type

• Stationery
• Portable

By Product

• Rotary
• Screw
• Scroll
• Others
• Centrifugal
• Reciprocating

By Application

• Electronics
• Manufacturing
• Oil and Gas
• Healthcare
• Food & Beverages
• Home Appliances
• Energy
• Others

By Lubrication

• Oil free
• Oil filled

By Power Rating

• 0-100 kW
• 101-300 kW
• 301-500 kW
• 501 kW & above

By Region

• North America
• Latin America
• Europe
• Asia-pacific
• Middle and East Africa