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According to the new market research report "Industrial Air Compressor Market by Product Type (Positive Displacement, Dynamic), Output Power (Up to 50 kW, 51-250 kW, 251-500 kW, & Above 500 kW), Seal (Oil-flooded & Oil-free), End-user, Design, Pressure, Coolant and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Industrial Air Compressor Market is projected to reach USD 42.9 billion by 2026. The Industrial Air Compressor Market size will grow to USD 42.9 billion by 2026 from USD 32.7 billion in 2021, at a CAGR of 5.6% during the forecast period. Rapid industrialization and increasing automation in emerging economies, inflow of investments and rising demand for oil-free compressors in food & beverages industry and the surging demand from HVAC industry are the driving factors for the Industrial Air Compressor Market, globally. Several emerging economies, such as Asia Pacific and Africa, have boosted their industrial and economic developments. In addition, government initiatives to promote industrial automation and emphasis on industrial automation for optimum utilization of resources are also driving the demand for industrial air compressors as they can be used for powering pneumatic tools, packaging, automation equipment, and conveyors. Environment-friendly modern compressors need less fuel, make less noise, and have a heat recovery feature, which helps recover up to 94% of the heat generated by the compressors which is in line with the Paris Agreement leading to growth opportunities for the Industrial Air Compressor Market during the forecast period.

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