Who are the key players in Air Compressor Market?

Atlas Copco Group, Ingersoll Rand Inc., Siemens AG, Gardner Denver Inc. and Sullair LLC (Hitachi Group) are the major companies operating in the Air Compressor Market. Read More

Which is the fastest growing region in Air Compressor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Air Compressor Market?

In 2024, the Asia Pacific accounts for the largest market share in Air Compressor Market. Read More

Air Compressor Market Size

Market Size of Air Compressor Industry

Study Period	2020 - 2029
Market Size (2024)	USD 37.80 Billion
Market Size (2029)	USD 47.54 Billion
CAGR (2024 - 2029)	4.69 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Air Compressor Market Analysis

The Air Compressor Market size is estimated at USD 37.80 billion in 2024, and is expected to reach USD 47.54 billion by 2029, growing at a CAGR of 4.69% during the forecast period (2024-2029).

Over the medium term, soaring demand from natural gas sector and increasing demand from the refinery and petrochemical sector, are likely to support the air compressor market growth during the forecast period
On the other hand, higher capital cost compared to traditional internal combustion engines is likely to hinder the market growth during the study period.
Nevertheless, the technical advancement in the air compressor industry is leading to the development of products that requires less operational and maintenance investment. such as, oil-free systems are expected to get the opportunity in the industries which would reduce expenses related to maintenance during certain intervals.
Asia-Pacific is estimated to witness a significant growth in the air compressor market due to the ongoing growth of the oil and gas industry in India, China, and Japan. A broad industrial base for semiconductor and electronics manufacturing in China and Taiwan is projected to drive the market further.

Air Compressor Industry Segmentation

An air compressor is a mechanical, pneumatic device that converts energy into potential energy stored in pressurized air using an electric motor, diesel or gasoline engine, etc. An air compressor device pushes more and more air into a storage tank, thus increasing the pressure. The air compressor shuts off when the pressure inside the storage tank reaches its defined upper limit.

The air compressor market is segmented into type, end user, and geography. By type, the market is segmented into positive displacement and dynamic displacement. By end user, the market is segmented into oil and gas, power sector, manufacturing industry, chemicals and petrochemicals, and other end users. The report also covers the market size and forecasts for the air compressor market across major regions. The market sizing and forecasts for each segment are based on revenue (in USD).

Type

Positive Displacement
	Reciprocating
	Rotary

Dynamic
	Axial
	Centrifugal

End User
		Oil and Gas
		Power Sector
		Manufacturing Industry
		Chemicals and Petrochemicals
		Other End Users

Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})

North America
	United States
	Canada
	Rest of North America

Europe
	Germany
	France
	United Kingdom
	Rest of Europe

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

Middle East and Africa
	Saudi Arabia
	United Arab Emirates
	South Africa
	Rest of Middle East and Africa

South America
	Brazil
	Argentina
	Rest of South America

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Air Compressor Market Size Summary

The air compressor market is poised for substantial growth over the forecast period, driven by increasing demand from the natural gas, refinery, and petrochemical sectors. Despite the challenge of higher capital costs compared to traditional internal combustion engines, advancements in technology are fostering the development of air compressors that require less operational and maintenance investment. This includes the rise of oil-free systems, which are expected to reduce maintenance-related expenses. The Asia-Pacific region is anticipated to experience significant growth, fueled by the expanding oil and gas industry in countries like India, China, and Japan, as well as a robust industrial base for semiconductor and electronics manufacturing in China and Taiwan.

The market is characterized by a diverse range of applications, with positive displacement air compressors holding a significant share due to their utility in various industries. These compressors are particularly valued in the food and beverage sector and are essential in the automobile industry for rapid and precise assembly of parts. The growing demand for air conditioners, driven by improved living standards globally, further supports market expansion. The fragmented nature of the market sees key players like Atlas Copco Group, Ingersoll Rand Inc., and Siemens AG actively innovating and expanding their product offerings. Recent developments, such as ZF's high-speed electric air compressor for fuel cells and Sullair's next-generation compressor, highlight the industry's focus on sustainability and advanced technology.

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Air Compressor Market Size - Table of Contents

1. MARKET OVERVIEW
1. 1.1 Introduction
2. 1.2 Market Size and Demand Forecast in USD, till 2028
3. 1.3 Recent Trends and Developments
4. 1.4 Government Policies and Regulations
5. 1.5 Market Dynamics
  1. 1.5.1 Drivers
    1. 1.5.1.1 Soaring Demand From Natural Gas Sector
    2. 1.5.1.2 Increasing Demand From The Refinery And Petrochemical Sector
  2. 1.5.2 Restraints
    1. 1.5.2.1 Higher Capital Cost Compared To Traditional Internal Combustion Engines
6. 1.6 Supply Chain Analysis
7. 1.7 Porter's Five Forces Analysis
  1. 1.7.1 Bargaining Power of Suppliers
  2. 1.7.2 Bargaining Power of Consumers
  3. 1.7.3 Threat of New Entrants
  4. 1.7.4 Threat of Substitutes Products and Services
  5. 1.7.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Type
  1. 2.1.1 Positive Displacement
    1. 2.1.1.1 Reciprocating
    2. 2.1.1.2 Rotary
  2. 2.1.2 Dynamic
    1. 2.1.2.1 Axial
    2. 2.1.2.2 Centrifugal
2. 2.2 End User
  1. 2.2.1 Oil and Gas
  2. 2.2.2 Power Sector
  3. 2.2.3 Manufacturing Industry
  4. 2.2.4 Chemicals and Petrochemicals
  5. 2.2.5 Other End Users
3. 2.3 Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Rest of North America
  2. 2.3.2 Europe
    1. 2.3.2.1 Germany
    2. 2.3.2.2 France
    3. 2.3.2.3 United Kingdom
    4. 2.3.2.4 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 India
    3. 2.3.3.3 Japan
    4. 2.3.3.4 South Korea
    5. 2.3.3.5 Rest of Asia-Pacific
  4. 2.3.4 Middle East and Africa
    1. 2.3.4.1 Saudi Arabia
    2. 2.3.4.2 United Arab Emirates
    3. 2.3.4.3 South Africa
    4. 2.3.4.4 Rest of Middle East and Africa
  5. 2.3.5 South America
    1. 2.3.5.1 Brazil
    2. 2.3.5.2 Argentina
    3. 2.3.5.3 Rest of South America