Air Compressor Market Size

Air compressor Market size is expected to reach USD 57 Billion by the end of 2036, growing at a CAGR of 5.5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the air compressor was USD 30 Billion. The industry growth is impelled by the increase in the construction and industrialization worldwide, as several industries are expected to expand along with may construction projects, and this can lead to high demand for air compressors as for several applications such as powering tools and equipment. As the construction sector holds the largest in the world economy, with about USD 10 trillion spent on construction-related goods and services every year, the growth averaged 1 percent a year over the past two decades as compared with 2.8 percent for the total world economy and 3.6 percent for manufacturing.

Furthermore, oil, mining, and gas industries have frequently demanded the air compressors for heavy tasks such as flushing mediums, aerating mud during underbalanced drilling, and air-pigging pipelines, which generally require high-pressure air to power such instruments and equipment in industries such as automotive, construction, and manufacturing.