I just estimate mine. There isn't a huge need to know in detail. Recip manuals may say 3 months or 500 hours whichever comes first. In a factory where duty cycle may be known you can do it that way, or install an hour meter. If buying used just looking at it can tell you a bunch. Was it left outside without an air filter? If the discharge tube is copper and blackened it was likely run hot and hard. Oil level correct? Reasonably clean? Pull the discharge tube and see if its wet or severely carboned up? Does the tank drain work? The good industrial compressors that are not used all day every day can run for decades without needing any repairs or rebuilds. Plenty of old Champion & Saylor Bealls out there.... Give them a fresh air filter and change the oil once in a while... I think sberry once said you are more likely to die in a car crash going to buy oil for your compressor than having it die on you because you didn't change the oil. There is some truth to that in terms of over maintenance. Remember, they are just air pumps, not internal combustion engines.... When you get it, time it, and every few years or whatever or if you suspect a problem, you can time it again. If its slower the valves are probably worn....