Industrial Air Compressor Global Market Report 2024

An industrial air compressor is a device that utilizes an electric, diesel, or gas-powered engine to convert power into potential energy stored in pressurized air. This equipment employs one or more reciprocating pistons to draw in air and compress it. The resulting compressed air is then directed towards various tools, including jackhammers, paint sprayers, impact wrenches, and others.

The main types of industrial air compressors include rotary air compressors, reciprocating air compressors, and centrifugal air compressors. Rotary air compressors are rotary positive displacement devices capable of operating at high speeds across a wide range of pressures and flows. They are further categorized into positive displacement and dynamic displacement, featuring various seals such as oil-free seals and oil-lubricated seals. These compressors find applications in diverse industries, including food and beverage, oil and gas, energy and mining, semiconductor and electronics, manufacturing, construction and municipal services, pharmaceuticals, and agriculture/farming.

The industrial air compressor market research report is one of a series of new reports that provides industrial air compressor market statistics, including industrial air compressor industry global market size, regional shares, competitors with a industrial air compressor market share, detailed industrial air compressor market segments, market trends and opportunities, and any further data you may need to thrive in the industrial air compressor industry. This industrial air compressor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The industrial air compressor market size has grown strongly in recent years. It will grow from $21.4 billion in 2023 to $22.61 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth observed in the historical period can be attributed to factors such as the expansion of manufacturing and industrial activities across various sectors, increased demand for compressed air in automation and pneumatic systems, the necessity for reliable and continuous air supply in industrial processes, a focus on energy efficiency and operating cost reduction in industries, and the adoption of portable and compact air compressor solutions.

The industrial air compressor market size is expected to see strong growth in the next few years. It will grow to $28.23 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period can be attributed to factors such as the transition towards electric and hybrid air compressors for sustainability, a growing demand for oil-free and contaminant-free compressed air solutions, the customization of compressor systems for specific industrial applications, ongoing research and development in next-generation air compressor technologies, and the expansion of compressed air usage in emerging industries and applications. Key trends expected in the forecast period include the adoption of variable speed drive (VSD) and variable frequency drive (VFD) technology, the prevalence of oil-free air compressor systems, the incorporation of energy-efficient and high-efficiency particulate air (HEPA) filters, the integration of the Internet of Things (IoT) for remote monitoring and predictive maintenance, and the emergence of hybrid and dual-power air compressors.

The surge in demand for energy-efficient air compressors is poised to propel the growth of the Industrial Air Compressor market. These devices play a crucial role in converting potential energy into compressed air, and the adoption of energy-efficient variants offers a significant advantage amid rising energy costs. Notably, compressed air systems account for 10 to 30% of energy consumption in industrial facilities, according to the U.S. Department of Energy. The integration of energy-efficient air compressors can potentially lead to a 20% improvement in energy consumption in industrial settings, making it a pivotal step forward.

Anticipated growth in automotive production is expected to be a driving force behind the expansion of the automotive AC compressor market. Automotive compressors, integral to the air conditioning systems of vehicles, witness increased demand as automotive production rises. The European Automobile Manufacturer Association reported a global production increase to 79.1 million vehicles in 2021, marking a 1.3% growth from the previous year. This surge in automotive production directly contributes to the growing demand for industrial air compressors.

Technological advancements in the field of air compressors are reshaping the industrial air compressor market. Companies in this sector are actively developing new technologies and products to enhance efficiency. An example is CMC's introduction of the AIRMATICS Aero control system in February 2021. This Italian-based manufacturer of air compressors aims to reduce compressed air energy bills, making the Industrial Air Compressor more sustainable and cost-effective for manufacturers worldwide.

Major players in the industrial air compressor market are opting for strategic partnerships to provide comprehensive solutions to customers. Strategic partnerships involve leveraging mutual strengths and resources for collective benefits. A notable instance is the partnership between Sullair LLC and Altorfer Rents in December 2021. This collaboration, between a UK-based manufacturing company and a U.S.-based industrial air compressor equipment and tool rental provider, aims to meet the rising demand for compressed air solutions in the construction industry. The objective is to expand the distribution network and offer customers a convenient one-stop shop for compressed air solutions.

In November 2022, Danfoss acquired BOCK GmbH. This acquisition, undisclosed in amount, enhances Danfoss's compressor offerings, including oil-free, inverter-scroll, reciprocating, and screw compressors, as well as condensing units. BOCK GmbH, a Germany-based manufacturer, specializes in compressors and condensing units.

Major companies operating in the industrial air compressor market include Atlas Copco, Danfoss A/S, HD Hyundai Infracore Co. Ltd., EBARA Corporation., Elgi Equipments Limited., Hitachi Ltd., Howden Group Ltd., Ingersoll-Rand PLC, Kaeser Kompressoren Inc., Kirloskar Pneumatics Co. Ltd., Kobe Steel Ltd., Baker Hughes Company., BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG, MAT Industries LLC., Coaire Inc., Elliott Group Ltd., FS-Curtis, Fusheng Group, Gardner Denver Pvt Ltd., Air Squared Inc., Air Systems Products LLC., Airmaze Corporation Pte Ltd ., American Eagle Accessories Group, Bambi Air Compressors Ltd., Bauer Compressors Inc., Chicago Pneumatic Holdings Ltd., Curtis-Toledo Inc., EMAX Compressor, Jenny Products Inc.

Asia-Pacific was the largest region in the industrial air compressor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial air compressor market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the industrial air compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The industrial air compressor market consists of sales of rotary screw, vane and reciprocating air compressors, and axial and centrifugal compressors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.