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Compressor Market Revenue, Share, Competitor Analysis, Demand and Growth Opportunities by 2023
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The Asia-Pacific compressor market is expected to grow with the fastest rate in the coming years, due to increasing infrastructure spending, and growing manufacturing facilities. The compressor markets of Middle East, Africa, and Latin America are also expected to grow in the coming years, due to the growing awareness for eco-friendly products and changing regulatory scenario.
On the basis of inputs used, the global compressor market can be categorized, as gas compressors or air compressors. The air compressor market can also be categorized on the basis of types, as centrifugal air compressors and positive displacement air compressors. On the basis of mobility factor, the compressor market can be categorized as stationary and portable. In construction and mining activities, portable products are generally used. Due to the convenience in transporting the equipment, the portable compressors are convenient power source for tools and machines in the construction industry. The convenience in handling portable compressors has also driven its implementation in low-duty applications.
On the basis of end users, the global compressor market can be categorized as chemicals, pharmaceuticals, cement, foundries and forge shops, glass, construction, plastic processing, automotive manufacture and textiles. The global compressor market can also be categorized as per the requirement of the applications, into horizontal or balanced opposed, single or multistage, lubricated or non-lubricated compressors, electric driven or diesel engine driven, and air-cooled or water-cooled.
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Some of the competitors in the global compressor market are Accudyne Industries LLC, Gardner Denver Inc., Ingersoll-Rand PLC, Kaeser Compressors Inc., Mitsubishi Heavy Industries Ltd., Shanghai Screw Compressor Co. Ltd., Atlas Copco AB, Zhejiang Hongwuhuan Machinery Co. Ltd., and Wuxi Compressor Co. LTD.
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