How big is the compressor market | Industry Size, Trends & Forecast 2025

Q: What is the current size of the compressor market?

The compressor market was valued at USD 45.3 billion in 2024 and is projected to reach USD 68.5 billion by 2031.

Q: What is the growth rate of the compressor market?

The market is anticipated to grow at a CAGR of 6.1% between 2025 and 2031.

Q: Which components contribute the most to the compressor market?

Rotary screw, centrifugal, reciprocating, and scroll compressors are major contributors to the market.

Q: What is driving demand in the compressor market?

Demand is driven by industrial expansion, HVAC usage, oil and gas activities, and energy efficiency requirements.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5845

Publication Date: Jul 2025

How big is the Compressor Market?

According to 6Wresearch internal database and industry insights, Global compressor market was valued at approximatelyUSD 45.3 billion in 2024 and is projected to reach USD 68.5 billion by 2031, growing at aCAGR of 6.1% during the forecast period.

View Main Report

Schedule Analyst Call

The market is expanding steadily due to rising demand in manufacturing, oil and gas, automotive, HVAC, and power generation industries requiring efficient and reliable air and gas compression systems.

Key Growth Drivers of the Compressor Market

Rapid industrialization and expansion of manufacturing sectors
Growing adoption of energy-efficient compressors in HVAC systems
Increased use in oil and gas exploration and processing activities
Rising demand from food and beverage, pharmaceutical, and textile sectors
Advancements in automation and integration with smart factory solutions

Compressor Market Trends

The compressor market is witnessing significant transformation with the rising need for energy-efficient and low-noise solutions. Rotary screw and centrifugal compressors are gaining traction in industrial operations for their durability and continuous-duty capability. In HVAC systems, demand for scroll and reciprocating compressors is increasing due to growing construction and real estate development. The shift toward oil-free and variable speed compressors is improving operational flexibility and reducing maintenance costs.

Emerging Developments in the Compressor Market

The compressor market is changing as it involves digital twin technology, AI-assisted diagnostics, and monitoring through clouds. Manufacturers are coming up with the next-generation compressors, which have a higher ratio of compression, quieter sounds, and energy recovering characteristics. Innovations in objects based on magnet-assisted technology and oil-free technology are supported by the strategic partnerships and R&D investments. Moreover, the increasing attention in green manufacturing and the policies provided by the governments to conserve energy are contributing to the usage of the high efficiency compressor solutions in the world.