Yeah, most manufacturers that put a standard 15 amp plug shoot for the 80% safe loading, which is 1500 watts, or just a hair under 2 horsepower. Kitchen appliances venture a bit higher than that, because 20 amp small appliance branch circuits have been required in kitchens for quite a while.
It simply takes a lot of power to provide that much flow. There are 120v 20 amp options, but just going to 240v is the more common option. The 240v motor will produce roughly twice the power of the 120v motor at the same amperage.
For the most part in 240v applications, we go right to 20 amp twist lock receptacles and 2 pole breakers. 3 conductor wire is much more common in 12 gauge as well. Going with that 80% "safe" loading, you get 3,840 watts of power, or just over 5 HP.
Much easier to get higher flows with that much power.
If the only other thing you were thinking of doing with compressed air was blow out sprinkler lines, and are mainly thinking of this for impact gun use, I would look into cordless impacts. The brushless models are putting out some serious power and have the advantage of not having to deal with air hoses, oiling, and compressor noise. That said, the motors and impact mechanisms on the cordless ones I have used are not exactly quiet...