Air Compressor Market is Expected to Reach USD 35.34 Billion by 2030

15-Jan-2025

  • Facebook
  • Twitter
  • Linkedin
  • Whatsapp

The expanding construction industry along with the growth of the oil and gas industry are significantly boosting the air compressor market.

According to a new research report by Next Move Strategy Consulting, the Air Compressor Market was valued at USD 25.94 billion in 2024 and is predicted to reach USD 35.34 billion by 2030, with a CAGR of 4.9% from 2025 to 2030. In terms of volume the market size was 11 million units in 2024 and is projected to reach 19 million units by 2030, with a CAGR of 8.3% from 2025 to 2030.

The air compressor market growth is largely driven by the expanding construction industry and the increasing need for reliable and efficient tools for various construction tasks. As infrastructure projects proliferate, activities such as drilling, nailing, painting, sandblasting, and concrete spraying rely heavily on advanced pneumatic equipment powered by air compressors.

According to the 2022 World Bank Report, the global construction industry generated approximately USD 27.76 trillion in revenue and continues to grow at a rapid pace. Modern construction techniques and designs frequently depend on robust, high-capacity air compressors to ensure smooth and efficient project execution.

The rapid expansion in both commercial and residential construction sectors heightens the demand for technologically advanced air compressor solutions essential for powering complex tools and machinery. Consequently, the flourishing construction industry significantly boosts the air compressor market demand by necessitating these critical devices for efficient and effective operations.

Moreover, the growing oil and gas industry is significantly increasing the demand for air compressors globally. The 2023 International Agency report projects that global oil demand will reach 105.7 million barrels per day by 2028.

This rising demand underscores the need for air compressors in gas compression and processing facilities, driven by the industry's focus on optimizing production, reducing downtime, and ensuring regulatory compliance.

Drilling, a core activity in the oil and gas sector, also relies on compressed air to power pneumatic drills and hammers for operations such as borehole drilling, well completion, and resource extraction. Whether for pneumatic drilling, gas compression, refining, or offshore applications, air compressors are essential for enhancing efficiency and productivity across the oil and gas sector.

However, the high initial investment required for air compressors, coupled with regular maintenance needs such as filter replacements, lubrication, and inspections, contributes to the overall cost of ownership.

This financial burden serves as a barrier to the expansion of the market. Consequently, many small and medium-sized enterprises are reluctant to invest in new compressed air system systems or to upgrade their existing ones, potentially hindering industrial air compressor market growth.

On the other hand, the integration of air compressors with IoT sensors and cloud platforms is expected to drive future market growth by facilitating remote monitoring, predictive maintenance, and performance optimization.

IoT sensors embedded in compressed air systems gather real-time data on factors like temperature, pressure, and energy usage, which is then sent to cloud platforms for analysis using advanced algorithms. These insights help identify potential issues, predict maintenance needs, and optimize compressor operations.

By utilizing IoT and cloud technologies, companies can minimize downtime, improve equipment reliability, and boost energy efficiency, thereby increasing the demand for smart compressed air systems and supporting air compressor market expansion.

Request for a FREE Sample PDF Report

According to the report, leading key players operating in the air compressor industry include Atlas Copco Group, Ingersoll-Rand PLC, Hitachi Ltd., Siemens Energy AG, Kaeser Kompressoren, MAT Holding, Inc., Elgi Equipment Limited, Sulzer Ltd., Mitsubishi Heavy Industries, Ltd., Anest Iwata, Doosan Bobcat, U.S. Air Compressor Inc., FS-ELLIOTT Co., LLC., CompAir, FIAC Compressors, Fusheng Group, Schulz Compressors, Eaton Corporation, BOGE Compressors Limited, DXP Enterprises Inc., and others.

These market players are adopting strategies, including product launches across various countries and regions to maintain their dominance in the market. For instance, in February 2024, ELGi Equipment launched its PG 550-215 trolley-mounted portable screw air compressor in India.

The PG 550-215 is designed to enhance performance, reliability, and profitability for customers in construction and mining, featuring a 3-stage air filtration system and an integrated control panel for optimal performance, safety, and driller-friendly operations.

Also, December 2024, Kaeser launched a new oil-free compression rotary screw compressor, the CSG.1 series, tailored for specialized engineering applications such as pharmaceuticals and chemical manufacturing. These compressors offer air flow rates from 4 to 15 cubic meters per minute and pressures up to 11 bar.

Key Insights from the Air Compressor Market Report:

  • The information related to key drivers, restraints, and opportunities and their impact on the air compressor market is provided in the report.

  • The value chain analysis in the air compressor market study provides a clear picture of the roles of each stakeholder.

  • The report provides an analysis of the air compressor market share and competitive landscape of key players in the industry.

Add Comment

Please Enter Full Name

Please Enter Valid Email ID

Please enter comment

This website uses cookies to ensure you get the best experience on our website. Learn more