An industrial air compressor is a device that converts the mechanical energy of a prime mover (usually an electric motor) into gas pressure energy. It is a device that generates compressed air pressure and is mainly used to provide aerodynamic power.

Overview of Market Development

In recent years, with the continuous development of downstream fields such as construction, chemical industry, and oil and gas, the global industrial air compressor market has continued to grow. According to our research data, the estimated revenue scale of the global industrial air compressor market in 2024 is $13.04 billion, an increase of 5.57% compared to 2023, and is expected to continue to increase to $16.91 billion by 2029. The CAGR for 2024-2029 is estimated to be 5.34%. From the perspective of development trends, high-efficiency, energy-saving, low-noise, and intelligent control products will become the mainstream trend.

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the global industrial air compressor market is relatively high. Data shows that the total revenue share of the industrial air compressor market for the top 3 companies in 2023 was 46.14%. The top 3 companies were Atlas Copco, Ingersoll Rand Inc., and Kaeser Kompressoren. In 2023, these three companies' industrial air compressor market revenue accounted for 22.67%, 13.69%, and 9.78% of the global market, respectively.

Source: www.globalmarketmonitor.com

Segmented Market Analysis

From the perspective of product types, industrial air compressors can be divided into two categories: fixed and portable. Among them, the fixed industrial air compressor segment dominates the market, with an estimated market revenue share of 88.43% in 20243.

From the perspective of downstream application patterns, industrial air compressors are widely used in manufacturing, oil and gas, food and beverage, construction, as well as chemical and petrochemical industries. Among them, the manufacturing industry holds the highest share in the downstream application market, estimated to be 26.35% in 2024.

	Market Revenue (Billion USD)	Market Share
Segmented by Type
Fixed	11.53	88.43%
Portable	1.51	11.57%
Segmented by Application
Manufacturing	3.44	26.35%
Oil and Gas	2.61	20.02%
Food and Beverage	1.95	14.96%
Construction	1.89	14.51%
Chemical and Petrochemical	1.08	8.31%
Others	2.07	15.83%