Industrial Air Compressor Market Size

Industrial Air Compressor Market size is set to surpass USD 7 Billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of industrial air compressors was around USD 3 Billion. The growth of the market can be attributed to the growing demand for HVAC systems. Air conditioning systems in large commercial buildings are powered by industrial air compressors, which chill and remove moisture from the indoor air.  According to the International Energy Agency, approximately 2 billion air conditioning systems are now in use worldwide.

In addition to these, factors considered to promote the growth of the industrial air compressor market include the surging need for energy-efficient air compressors–The alarming rise in the levels of greenhouse gases, and the need for energy-efficient air compressors has increased. Carbon dioxide, methane, and nitrous oxide concentrations in 2021 were 415.7 parts per million (ppm), 1908 parts per billion (ppb), and 334.5 parts per billion (ppb), respectively. All three gases reached a new level of high in 2021 in the last 40 years.