A 150 m$^{3}$/hr, 30 kg/cm$^{2}$, air-cooled 3-stage reciprocating air compressor is designed to be used in starting large diesel engines. A basic design procedure is presented to meet the targeted pressure and flow rate, and especially the volumetric efficiency. Temperature and stress analyses of the cylinder are performed using FEM modelings. The dynamics of valve system is analyzed and stress at the valve seat due to valve impact is evaluated. To reduce friction loss and wear at the compressor engine system, tribological design practices are suggested. Fin-type coolers are designed to dissipate generated compression heat at each stage. Finally, a prototype is manufactured and performance test is carried out utilizing an air tank. Performance results are compared to the design targets, other foreign specifications, and some quality standards.