Air Compressor Market Size Worth $37.15 Billion By 2032 | CAGR: 5.2%

The air compressor market size is expected to reach USD 37.15 billion by 2032, according to a new study by Polaris Market Research. The report “Air Compressor Market Size, Share, Trends, Industry Analysis Report: By Type, Product, Lubrication, Operating Mode, Power Range, Application, and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Forecast, 2024–2032.” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The air compressor market has experienced significant growth in recent years, driven by rising demand across various industries such as manufacturing, construction, and automotive. These versatile machines are essential for powering tools, inflating tires, and facilitating numerous processes, making them integral to operational efficiency. Factors contributing to market expansion include the increasing adoption of automation in industrial settings, a growing emphasis on energy efficiency, and technological advancements that enhance performance and reliability. Additionally, the expansion of infrastructure projects worldwide and the rising trend of DIY activities further bolster the demand for air compressors. As industries continue to innovate and evolve, the air compressor market is poised for sustained growth, adapting to meet the diverse needs of users across sectors.

Moreover, the key players in the air compressor market are expanding their production capacities to meet rising demand from various industries such as manufacturing, construction, automotive, and oil & gas. By investing in production capacities, companies aim to capitalize on opportunities and enhance their market presence.

For instance, in May 2023, ELGI Sauer Compressors Ltd established a production plant with an investment of Rs. 400 million to enhance the production of air compressors for industrial, naval, shipping, and off-shore markets.

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Smart air compressors are revolutionizing the air compressor market by integrating advanced technologies such as IoT connectivity, AI-driven analytics, and remote monitoring capabilities. These innovations enable real-time performance monitoring and energy efficiency optimization, which reduces operational costs for industrial applications.

For instance, in March 2024, Atlas Copco launched the latest GA 55+-75+ series for advanced performance to the mid-size, fixed-speed industrial compressor sector, establishing higher energy efficiency, dependability, and connectivity.

Air Compressor Market Report Highlights

• By product analysis, the rotary/screw category dominated the market in 2023. This is mainly attributed to its low noise output, high energy efficiency, optimum performance, easy maintenance, and continuous operating ability.
• By lubrication analysis, the oil-free segment is expected to grow at the fastest CAGR, from 2024 to 2032, owing to the lower contamination risk, decreased maintenance and replacement expenses, reduced energy costs, and minimal environmental impact.
• The Asia Pacific region dominated the market due to rapid industrialization and urbanization in countries like China and India.
• The Europe region is expected to grow at the fastest CAGR during the forecast period. The region’s strong focus on energy efficiency and sustainability has led industries to adopt energy-efficient air compressor solutions.
• The key market players include Ansell Ltd; Atlas Copco; Bauer Compressors, Inc.; BelAire Compressors; Cook Compression; Frank Technologies; Heyner; Hitachi Industrial Equipment Systems Co. Ltd.; Kaeser Compressors; and MAT Industries, LLC.

Polaris Market Research has segmented the air compressor market report based on type, product, lubrication, operating mode, power range, application, and region:

By Type Outlook (Revenue - USD billion, 2019-2032)

• Stationary
• Portable

By Product Outlook (Revenue - USD Billion, 2019–2032)

• Centrifugal
• Reciprocating/Piston
• Rotary/Screw

By Lubrication Outlook (Revenue - USD Billion, 2019–2032)

• Oil-Free
• Oil-Filled

By Operating Mode Outlook (Revenue - USD Billion, 2019–2032)

• Internal Combustion Engine
• Electric

By Power Range Outlook (Revenue - USD Billion, 2019–2032)

• Up to 20 kW
• 21-50 kW
• 51-250 kW
• 251-500 kW
• Over 500 kW

By Application Outlook (Revenue - USD Billion, 2019–2032)

• Semiconductor & Electronics
• Food & Beverage
• Healthcare & Medical
• Household Appliances
• Energy
• Oil & Gas
• Others

By Regional Outlook (Revenue - USD Billion, 2019–2032)

• North America

• US
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Australia
• Vietnam
• Malaysia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of the Middle East & Africa

Air Compressor Report Scope