Air Compressor Market Size Worth $28.38 Billion By 2032 | CAGR: 5.6%

The global air compressor market size is expected to reach USD 28.38 billion by 2032, according to a new study by Polaris Market Research. The report “Air Compressor Market Share, Size, Trends, Industry Analysis Report, By Type (Stationary, Portable); By Product; By Lubrications; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Air compressors function through three primary modes: rotary, centrifugal, and reciprocating types. Rotary compressors, utilizing a screw-type mechanism for air compression, stand out for their efficiency and dominance in the industry, which is attributed to easy maintenance.

Centrifugal and reciprocating compressors find widespread use in diverse operations like air and gas filling. Stationary compressors, particularly favored by commercial manufacturing and industrial sectors, hold a leading position in the market.

In recent years, the global compressor industry experienced a modest decline due to stringent regulations and limited infrastructure development and investments. However, the forecast period anticipates progressive market growth. Oil-filled compressors, extensively applied in activities such as cleaning, blowing, and sandblasting, contribute to increased compressor usage across various industrial sectors, including manufacturing, oil gas, energy and power, electronics, and semiconductors.

Notably, demand for compressors in key regions worldwide is expected to drive market growth in the forecast period.

The global market experienced a slight downturn during the COVID-19 pandemic. However, in 2021, the market rebounded, driven by increased demand from the medical sector post-pandemic. Air compressors play a pivotal role as key components in production lines across various industry verticals, including manufacturing, automotive, and electronics semiconductors. Additionally, industrial air compressors find application in petrochemical, gas, manufacturing, and other sectors. These compressed air systems are adept at being regulated and designed to purify air even in challenging circumstances and environments.

Throughout the pandemic, major players in the air compression industry focused on formulating robust strategies to navigate the diverse impacts of the perilous coronavirus and shifting market dynamics.

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Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Air Compressor devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Air Compressors throughout the forecast period.

Air Compressor Market Report Highlights

• In 2022, the Stationary segment dominated the revenue share. The manufacturing sector has extensively embraced these compressors. Additionally, within the oil and gas industry, these compressors are widely utilized to power pneumatic equipment for tasks such as pipeline operations, oil extraction and refining, and various other processes.
• During the forecast period, the Rotary/Screw segment commanded the largest market share. This is credited to the widespread use of rotary air compressors in various industrial applications, including metallurgy and mining, papermaking and printing, electric power, electronic and electrical industries, as well as mechanical and electrical machinery.
• In 2022, Asia Pacific emerged as the leading market, driven by continuous governmental investments in infrastructure development and rapid industrialization. The expansion of the market is propelled by a growing demand for air compressors in various applications such as food and beverage, manufacturing, home appliances, and oil and gas. Moreover, the considerable presence of compressor manufacturers in India and China, along with a robust industrial base for electronics and semiconductor manufacturing in China and Taiwan, is expected to further stimulate market growth.
• The global key market players include AireTex Compressor, Atlas Copco, Bauer Group, BelAire Compressors, Compressor Products International (CPI), Cook Compression, Frank Compressors, Galaxy Auto Stationary Equipment Co. Ltd., Gast Manufacturing, Inc., GENERAL ELECTRIC, Ingersoll Rand Plc, Kaeser Compressors, MAT Industries, LLC.

Polaris Market Research has segmented the Air Compressor market report based on type, product, lubrications, application, and region:

Air Compressor, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Stationary
• Portable

Air Compressor, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Centrifugal
• Reciprocating/Piston
• Rotary/Screw

Air Compressor, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Production
• Semiconductor and Electronics
• Food and Beverage
• Healthcare and Medical
• Household Appliances
• Energy
• Oil and Gas
• Other Sectors

Air Compressor, Lubrications Outlook (Revenue - USD Billion, 2019 - 2032)

• Oil-Free
• Oil-Filled

Air Compressor, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Air Compressor Market Report Scope