Air compressor market seen reaching $46.1 billion by 2031

By AI, Created 12:51 PM UTC, June 02, 2026, /AGP/ – Allied Market Research says the global air compressor market is set to grow from $28.4 billion in 2021 to $46.1 billion by 2031, driven by demand for energy-efficient, portable and oil-free systems. Asia-Pacific leads today, while LAMEA is projected to grow fastest through 2031.

Why it matters: - The air compressor market is tied to manufacturing, food and beverage, mining, energy and medical applications, so the forecast points to broader industrial spending trends. - The report projects the market will add nearly $17.8 billion in value by 2031, signaling steady but not explosive growth across multiple end markets. - Shifts toward energy-efficient, portable and oil-free compressors suggest buyer demand is moving toward lower-emission, specialized equipment.

What happened: - Allied Market Research published a global air compressor market report covering portable and stationary types, reciprocating, rotary and centrifugal technologies, and oiled and oil-free lubrication types. - The report values the market at $28,362.3 million in 2021 and projects it to reach $46,145.3 million by 2031, implying a 4.9% compound annual growth rate from 2022 to 2031. - The report says the stationary segment held nearly three-fifths of global revenue in 2021. - The report says the rotary technology segment held more than two-fifths of global revenue in 2021. - The report says the oiled segment accounted for nearly three-fifths of global revenue in 2021. - The report says Asia-Pacific held more than two-fifths of global revenue in 2021.

The details: - Energy-efficient compressors, rising demand across industries, growing food and beverage use, and higher demand for portable compressors are the main growth drivers cited in the report. - Rental demand for air compressors is restraining sales of new units and weighing on industry growth. - The portable segment is projected to post the fastest CAGR at 5.3% from 2022 to 2031, driven by mining demand. - The centrifugal segment is projected to grow fastest within technology at 5.4% CAGR, supported by demand in oil refineries and natural gas processing plants. - The oil-free segment is projected to post the fastest CAGR at 5.2% from 2022 to 2031, supported by demand from food and beverage and medical users. - Asia-Pacific remains the largest regional market because of automation and industrialization in countries including India, Japan and China. - LAMEA is projected to grow fastest regionally at 5.7% CAGR from 2022 to 2031, driven by industrial growth in manufacturing, food and beverage and other sectors. - The report lists Atlas Copco, Ebara, Elgi Equipment, Ingersoll Rand, Kirloskar Pneumatic, Kobe Steel, Mitsubishi Heavy Industries, Sullair, Sulzer and VMAC as leading market players. - These companies are using new product launches, collaborations, expansion and acquisitions to defend or grow share. - Allied Market Research says the report also examines business performance, operating segments, product portfolios and strategic moves. - The report is available through a sample report request.

Between the lines: - The market mix points to a split between mature demand in large stationary and oiled systems and faster growth in portable, oil-free and centrifugal products. - The regional outlook suggests industrial expansion in Asia-Pacific will keep the market centered there, even as faster percentage growth emerges in less mature regions. - The rental trend may limit replacement sales, which could push vendors toward service, leasing and higher-value product offerings.

What’s next: - The market’s next phase will likely be shaped by how quickly industrial buyers adopt energy-efficient and oil-free systems. - Competitive pressure should remain high as major brands pursue product launches, partnerships and acquisitions. - Regional growth through 2031 will likely depend on manufacturing activity, automation and energy-sector investment.

The bottom line: - The air compressor market is expanding at a measured pace, but growth is shifting toward specialized, higher-efficiency systems and faster-growing regional pockets.