What’s driving the India Compressor Market Trends? | Key Players are Mitsubishi Heavy Industries, ELGI EQUIPMENTS LIMITED, KAESER KOMPRESSOREN, Ingersoll Rand, Atlas Copco, Anest Iwata-Medea, Inc., Kirloskar Pneumatic Company Limited, INDO-AIR Compresso

India compressor market is expected to reach $2.7 billion by 2024, registering a CAGR of 7.0% during 2019-2024.

The market is buoyed by several factors, primarily substantial demand coming from the automotive sector supported by rising disposable income of the population. Besides this, government initiatives supporting the growth of manufacturing sector is driving the year-over-year (YoY) growth of the market.

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It has been observed that high capacity industrial compressors are exceedingly sold directly to the end-consumers, while the low capacity (and low cost) ones are sold through dealers in the country. Businesses providing small engine service, auto service, recreational activities, and dental activities, are also leading to the growth in the India compressor market, as these businesses utilize compressed air to deliver their services to the customers.

On the basis of type, India compressor market is divided into positive displacement and dynamic, of which positive displacement compressor cited the largest demand. Further, rotary type compressor is anticipated to provide lucrative opportunities in the coming years. Industries such as automotive, semiconductors, steel, and chemical are the major consumers of rotary compressors.

Based on portability, India compressor market is categorized as stationary and portable compressors, of which stationary category is expected to register faster growth during the forecast period. This is primarily attributed to growing automotive and manufacturing industries in the country.

On the basis of application, India compressor market is segmented into industrial manufacturing, automotive, chemical and cement, HVAC-R, oil and gas, power, food and beverages, textile, and construction, wherein automobile industry exhibited largest market share in 2018.

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Some of the major players in the India compressor market include Mitsubishi Heavy Industries Ltd., Elgi Equipments Limited, Kaeser Kompressoren SE, Ingersoll-Rand plc, Atlas Copco AB, Kobe Steel Ltd, ANEST IWATA Corporation, Burckhardt Compression Holding AG, Kirloskar Pneumatic Company Limited, and Indo-Air Compressors Pvt. Ltd.

India Compressor Market Segmentation

Market Segmentation by Type

• Positive Displacement
o Reciprocating
 In-line
 “V” shaped
 Tandem piston
 Single-acting
 Double-acting
 Diaphragm
o Rotary
 Screw
 Vane
 Lobe and scroll
• Dynamic
o Centrifugal
o Axial flow

Market Segmentation by Lubrication Type

• Oil-Free
• Oil-Flooded

Market Segmentation by Portability

• Portable
• Stationary

Market Segmentation by Pressure

• Ultra-Low-Pressure
• Low-Pressure
• Medium-Pressure
• High-Pressure
• Hyper-Pressure

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https://www.psmarketresearch.com/market-analysis/middle-east-and-africa-compressor-market

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This release was published on openPR.