Air Compressor Market Size, Share, Growth Analysis, By Type (Portable, Stationary), By Product (Reciprocating, Rotary), By Application (Manufacturing, Food & Beverage, Home Appliances, Healthcare), By Lubrication (Oil Filled, Oil Free), By Region - Industry Forecast 2024-2031

Global Air Compressor Market size was valued at USD 25.2 Billion in 2019 and is poised to grow from USD 26.45 Billion in 2023 to USD 38.5 Billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031). 

Continuously rising focus on energy efficiency, energy recovery, and reduction of carbon dioxide emissions around the globe are the major factors projected to drive growth of the global air compressor market during the forecast period. In addition, an extensive rise in the demand for monitoring of compressed air installations and services is also expected to propel the growth of the global market over the coming years.

Furthermore, growing adoption of several variable-speed systems, effective operation, low maintenance cost, and retrofitting of installed systems are few others factors anticipated to contribute significantly to the growth of the global market over the forecast period. In the recent years, energy-efficient compressors have gained a surge in demand due to its cost-effective operations, which has led high installation of air monitoring systems to measure air and gas compressors impact. For instance, in February 2021, Sullair, a leading global manufacturer of compressors, announced the launch of its Mid-Range Series Portable Compressors, associated with latest Electronic Spiral Valve Technology. The new series of product comes with higher flexibility and better efficiency in global operations.

US Air Compressor Market is poised to grow at a sustainable CAGR for the next forecast year.