Global Compressor Market Growth 2026-2032
Description
The global Compressor market size is predicted to grow from US$ 53721 million in 2025 to US$ 71276 million in 2032; it is expected to grow at a CAGR of 4.0% from 2026 to 2032.
Compressors are mechanical devices designed to increase the pressure of a gas by reducing its volume. They function by drawing in gas and compressing it to a higher pressure, making it useful for a variety of applications.
Compressors can be categorized into various types based on their mechanism of operation, such as reciprocating, rotary screw, axial, and centrifugal compressors. They play a crucial role in many industries, including manufacturing, automotive, oil and gas, and HVAC, etc.
In 2025, global Compressors production reached approximately 545.46 billion units, with an average global market price of around US$ 101 per unit.
Upstream materials and key suppliers. The upstream cost structure is driven by metals and precision components. Core raw and semi-finished inputs typically include steel and aluminum (frames, casings, shafts), and castings/forgings (casing bodies, impeller/rotor blanks). Representative global supply bases include large steel and aluminum producers (for example ArcelorMittal, Nippon Steel, Baosteel, Alcoa), and specialized casting/forging and machining suppliers that provide compressor-grade semi-finished parts. Critical purchased components often include electric motors and drives (e.g., Hitachi、GMCC).
Downstream applications and typical customers. Downstream demand spans OEM integration and end-user procurement. In Industrial applications, compressors support plant air systems, pneumatic tools, and process gas handling for manufacturers across chemicals, metals, electronics, and general industry. In Oil & Gas, they are used for gas boosting, gathering, processing, LNG, refinery and petrochemical compression, and are frequently delivered through EPC and package integrators. In HVAC Systems, compressors underpin chillers, heat pumps, and large commercial systems, while in Refrigeration Appliances they are core components for refrigerators, freezers, display cabinets, and cold-chain equipment. Automotive demand is concentrated in thermal management supply chains, typically purchased through Tier-1 system suppliers that integrate A/C and heat-pump modules. Representative end users include major HVAC OEMs (Carrier, Daikin, Trane Technologies, Johnson Controls), appliance groups (Haier, Midea, Whirlpool, Electrolux), automotive OEMs and Tier-1s (Toyota, Volkswagen, GM; Denso, Valeo, Hanon Systems), and oil & gas operators and EPCs (Saudi Aramco, Shell, ExxonMobil, BP; Fluor, Saipem, TechnipFMC, Worley). Actual buyer–supplier relationships vary by compressor type, region, qualification requirements, and project/platform strategy.
Generally, the gross margin of compressors ranges from 10% to 40%.
The compressor market encompasses several major product categories, including Geared Compressors, Axial Compressors, Barrel Compressors, Reciprocating Compressors, Screw Compressors, and other specialized types. Among these, screw compressors represent the most prominent segment, accounting for approximately 24% of the global market share. Their popularity stems from their compact design, operational reliability, continuous compression capability, and low maintenance requirements. As industries move toward higher efficiency and automated production systems, screw compressors have found extensive adoption in diverse applications.
In terms of end-use sectors, compressors are widely utilized across industrial manufacturing, oil and gas, automotive production, HVAC (Heating, Ventilation, and Air Conditioning) systems, and refrigeration. The oil and gas sector remains the dominant application market, contributing to around 30% of global demand. Compressors are critical for processes such as natural gas treatment, transmission, storage, and petrochemical refining. With the global energy transition emphasizing cleaner fuels like natural gas, the demand for high-performance compressors in the oil and gas sector continues to expand, driving broader growth across the compressor industry.
Regionally, the Asia-Pacific market has emerged as the largest global consumer of compressors, contributing an estimated 60% of total revenue. Rapid industrialization, urbanization, and energy infrastructure development in countries such as China, India, Japan, and South Korea have significantly fueled the demand for advanced compressor systems. Additionally, supportive government policies promoting industrial energy efficiency and low-carbon technologies have further accelerated market growth. In China, for example, the "Dual Carbon" (carbon peak and carbon neutrality) strategy has led many industrial players to upgrade legacy systems with energy-efficient compressors.
Several major trends are driving growth in the global compressor market. The increasing emphasis on energy efficiency and sustainability is prompting industries to adopt compressors that consume less power while maintaining high output performance. Industrial automation and the rise of smart manufacturing have led to increased demand for compressors with enhanced digital control, fault detection, and predictive maintenance capabilities. Moreover, the continued development of oil and gas infrastructure, particularly in emerging markets and resource-rich regions like the Middle East, supports consistent investment in high-capacity compression systems.
Despite these favorable dynamics, the compressor industry is also confronted with several challenges. The production of high-end compressors involves complex engineering, precise manufacturing techniques, and the use of advanced materials—all of which require significant R&D investment and technical expertise. As a result, market entry remains limited for new or low-capacity players. In addition, fluctuations in global raw material prices, tightening environmental regulations, and supply chain disruptions can adversely affect production costs and operational stability. In developing regions, the lack of robust manufacturing capabilities and insufficient technical standards may also hinder market penetration of advanced compressor technologies.
Looking forward, the compressor industry is poised to undergo transformative change. Innovation will play a key role, particularly in enhancing the efficiency, reliability, and intelligence of compression systems. The integration of IoT-enabled monitoring, cloud-based diagnostics, and AI-driven analytics will redefine how compressors are maintained and operated. Predictive maintenance will reduce downtime, optimize performance, and extend the lifecycle of compressor units. Simultaneously, manufacturers are placing greater emphasis on sustainable production practices, utilizing eco-friendly refrigerants, recyclable materials, and energy-saving designs to align with global decarbonization goals.
Overall, compressors will remain a cornerstone of industrial infrastructure, supporting critical functions in both mature and emerging economies. The combination of rising environmental awareness, evolving industrial needs, and digital transformation will create significant opportunities for growth. As the global economy shifts toward cleaner and smarter technologies, the compressor market is well-positioned to play a pivotal role in shaping the next era of industrial innovation.
LP Information, Inc. (LPI) ' newest research report, the “Compressor Industry Forecast” looks at past sales and reviews total world Compressor sales in 2025, providing a comprehensive analysis by region and market sector of projected Compressor sales for 2026 through 2032. With Compressor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Compressor industry.
This Insight Report provides a comprehensive analysis of the global Compressor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Compressor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Compressor market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Compressor and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Compressor.
This report presents a comprehensive overview, market shares, and growth opportunities of Compressor market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Geared Compressors
Axial Compressors
Barrel Compressors
Reciprocating Compressors
Screw Compressors
Others
Segmentation by Discharge Capacity:
Below 1,500 Nm³/h
1,500-100,000 Nm³/h
Above 100,000 Nm³/h
Segmentation by Pressure:
Below 10 bar
10-120 bar
Above120 bar
Segmentation by Application:
Industrial
Oil & Gas
Automotive
HVAC Systems
Refrigeration Appliances
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Atlas Copco
Ingersoll Rand
Siemens
Kaeser Compressors
Boge Compressors
Doosan Portable Power
ELGi Equipments
Hitachi
Hertz Kompressoren
Kobelco Compressors
Anest Iwata
Howden Group (Chart Industries)
Elliott Company
Baker Hughes
Kawasaki Heavy Industry
MAN Energy Solutions
Mitsubishi Heavy Industries
Kaishan Group
Burckhardt Compression
Xi’an Shaangu Power
Ariel
Copeland
GMCC
Huayi Compressor
Donper
Landa
Embraco
Panasonic
Secop
LG
Johnson Controls-Hitachi
Qianjiang Compressor
Shanghai Highly
Bitzer
Tecumseh
Samsung
Mitsubishi Electric
RECHI Group
Daikin
GEA
Key Questions Addressed in this Report
What is the 10-year outlook for the global Compressor market?
What factors are driving Compressor market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Compressor market opportunities vary by end market size?
How does Compressor break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Compressors are mechanical devices designed to increase the pressure of a gas by reducing its volume. They function by drawing in gas and compressing it to a higher pressure, making it useful for a variety of applications.
Compressors can be categorized into various types based on their mechanism of operation, such as reciprocating, rotary screw, axial, and centrifugal compressors. They play a crucial role in many industries, including manufacturing, automotive, oil and gas, and HVAC, etc.
In 2025, global Compressors production reached approximately 545.46 billion units, with an average global market price of around US$ 101 per unit.
Upstream materials and key suppliers. The upstream cost structure is driven by metals and precision components. Core raw and semi-finished inputs typically include steel and aluminum (frames, casings, shafts), and castings/forgings (casing bodies, impeller/rotor blanks). Representative global supply bases include large steel and aluminum producers (for example ArcelorMittal, Nippon Steel, Baosteel, Alcoa), and specialized casting/forging and machining suppliers that provide compressor-grade semi-finished parts. Critical purchased components often include electric motors and drives (e.g., Hitachi、GMCC).
Downstream applications and typical customers. Downstream demand spans OEM integration and end-user procurement. In Industrial applications, compressors support plant air systems, pneumatic tools, and process gas handling for manufacturers across chemicals, metals, electronics, and general industry. In Oil & Gas, they are used for gas boosting, gathering, processing, LNG, refinery and petrochemical compression, and are frequently delivered through EPC and package integrators. In HVAC Systems, compressors underpin chillers, heat pumps, and large commercial systems, while in Refrigeration Appliances they are core components for refrigerators, freezers, display cabinets, and cold-chain equipment. Automotive demand is concentrated in thermal management supply chains, typically purchased through Tier-1 system suppliers that integrate A/C and heat-pump modules. Representative end users include major HVAC OEMs (Carrier, Daikin, Trane Technologies, Johnson Controls), appliance groups (Haier, Midea, Whirlpool, Electrolux), automotive OEMs and Tier-1s (Toyota, Volkswagen, GM; Denso, Valeo, Hanon Systems), and oil & gas operators and EPCs (Saudi Aramco, Shell, ExxonMobil, BP; Fluor, Saipem, TechnipFMC, Worley). Actual buyer–supplier relationships vary by compressor type, region, qualification requirements, and project/platform strategy.
Generally, the gross margin of compressors ranges from 10% to 40%.
The compressor market encompasses several major product categories, including Geared Compressors, Axial Compressors, Barrel Compressors, Reciprocating Compressors, Screw Compressors, and other specialized types. Among these, screw compressors represent the most prominent segment, accounting for approximately 24% of the global market share. Their popularity stems from their compact design, operational reliability, continuous compression capability, and low maintenance requirements. As industries move toward higher efficiency and automated production systems, screw compressors have found extensive adoption in diverse applications.
In terms of end-use sectors, compressors are widely utilized across industrial manufacturing, oil and gas, automotive production, HVAC (Heating, Ventilation, and Air Conditioning) systems, and refrigeration. The oil and gas sector remains the dominant application market, contributing to around 30% of global demand. Compressors are critical for processes such as natural gas treatment, transmission, storage, and petrochemical refining. With the global energy transition emphasizing cleaner fuels like natural gas, the demand for high-performance compressors in the oil and gas sector continues to expand, driving broader growth across the compressor industry.
Regionally, the Asia-Pacific market has emerged as the largest global consumer of compressors, contributing an estimated 60% of total revenue. Rapid industrialization, urbanization, and energy infrastructure development in countries such as China, India, Japan, and South Korea have significantly fueled the demand for advanced compressor systems. Additionally, supportive government policies promoting industrial energy efficiency and low-carbon technologies have further accelerated market growth. In China, for example, the "Dual Carbon" (carbon peak and carbon neutrality) strategy has led many industrial players to upgrade legacy systems with energy-efficient compressors.
Several major trends are driving growth in the global compressor market. The increasing emphasis on energy efficiency and sustainability is prompting industries to adopt compressors that consume less power while maintaining high output performance. Industrial automation and the rise of smart manufacturing have led to increased demand for compressors with enhanced digital control, fault detection, and predictive maintenance capabilities. Moreover, the continued development of oil and gas infrastructure, particularly in emerging markets and resource-rich regions like the Middle East, supports consistent investment in high-capacity compression systems.
Despite these favorable dynamics, the compressor industry is also confronted with several challenges. The production of high-end compressors involves complex engineering, precise manufacturing techniques, and the use of advanced materials—all of which require significant R&D investment and technical expertise. As a result, market entry remains limited for new or low-capacity players. In addition, fluctuations in global raw material prices, tightening environmental regulations, and supply chain disruptions can adversely affect production costs and operational stability. In developing regions, the lack of robust manufacturing capabilities and insufficient technical standards may also hinder market penetration of advanced compressor technologies.
Looking forward, the compressor industry is poised to undergo transformative change. Innovation will play a key role, particularly in enhancing the efficiency, reliability, and intelligence of compression systems. The integration of IoT-enabled monitoring, cloud-based diagnostics, and AI-driven analytics will redefine how compressors are maintained and operated. Predictive maintenance will reduce downtime, optimize performance, and extend the lifecycle of compressor units. Simultaneously, manufacturers are placing greater emphasis on sustainable production practices, utilizing eco-friendly refrigerants, recyclable materials, and energy-saving designs to align with global decarbonization goals.
Overall, compressors will remain a cornerstone of industrial infrastructure, supporting critical functions in both mature and emerging economies. The combination of rising environmental awareness, evolving industrial needs, and digital transformation will create significant opportunities for growth. As the global economy shifts toward cleaner and smarter technologies, the compressor market is well-positioned to play a pivotal role in shaping the next era of industrial innovation.
LP Information, Inc. (LPI) ' newest research report, the “Compressor Industry Forecast” looks at past sales and reviews total world Compressor sales in 2025, providing a comprehensive analysis by region and market sector of projected Compressor sales for 2026 through 2032. With Compressor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Compressor industry.
This Insight Report provides a comprehensive analysis of the global Compressor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Compressor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Compressor market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Compressor and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Compressor.
This report presents a comprehensive overview, market shares, and growth opportunities of Compressor market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Geared Compressors
Axial Compressors
Barrel Compressors
Reciprocating Compressors
Screw Compressors
Others
Segmentation by Discharge Capacity:
Below 1,500 Nm³/h
1,500-100,000 Nm³/h
Above 100,000 Nm³/h
Segmentation by Pressure:
Below 10 bar
10-120 bar
Above120 bar
Segmentation by Application:
Industrial
Oil & Gas
Automotive
HVAC Systems
Refrigeration Appliances
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Atlas Copco
Ingersoll Rand
Siemens
Kaeser Compressors
Boge Compressors
Doosan Portable Power
ELGi Equipments
Hitachi
Hertz Kompressoren
Kobelco Compressors
Anest Iwata
Howden Group (Chart Industries)
Elliott Company
Baker Hughes
Kawasaki Heavy Industry
MAN Energy Solutions
Mitsubishi Heavy Industries
Kaishan Group
Burckhardt Compression
Xi’an Shaangu Power
Ariel
Copeland
GMCC
Huayi Compressor
Donper
Landa
Embraco
Panasonic
Secop
LG
Johnson Controls-Hitachi
Qianjiang Compressor
Shanghai Highly
Bitzer
Tecumseh
Samsung
Mitsubishi Electric
RECHI Group
Daikin
GEA
Key Questions Addressed in this Report
What is the 10-year outlook for the global Compressor market?
What factors are driving Compressor market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Compressor market opportunities vary by end market size?
How does Compressor break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
187 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Compressor by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Compressor by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
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