The global compressor market size was $39.9 billion in 2019, which is expected to witness a CAGR of 3.1% during the forecast period (2020–2030), to reach $48.5 billion in 2030. The surging replacement of piston compressors with screw compressors, expanding automotive sector, and growing number of food processing units are among the primary driving factors for the compressor industry.

The global compressor market size was $39.9 billion in 2019, which is expected to witness a CAGR of 3.1% during the forecast period (2020–2030), to reach $48.5 billion in 2030. The surging replacement of piston compressors with screw compressors, expanding automotive sector, and growing number of food processing units are among the primary driving factors for the compressor industry.