Press release
Compressor Rental Market is estimated to grow significantly by 2025 | Aggreko, Caterpillar, Hertz equipment, Ingersoll Rand, Atlas Copco
Compressor Rental Market
North America compressor rental market is expected to upsurge at healthy growth with increase in construction, chemical and mining activities in the region. Recent boom in shale gas in the region has further flourished the industry market. Another prime indicator to drive the market will be stringent regulations made by government on low emissions and shift away from purchasing this equipment to renting out in order to save money will further fuel the market.
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Asia-Pacific is expected to be the fastest growing rental compressor market attributable to rapid industrialization and urbanization in the region. Sprouting infrastructure operations will create enormous opportunities for the use of these products. Government focus on saving energy will additionally augment the market. Numerous emerging economies including China, India, Malaysia, Philippines, Thailand and Indonesia are predictable to see high construction activities, in turn, escalating the product market over the forecasted years.
Middle East and Africa region will be one of the promising rental compressor market during the estimated timeframe. Rapid industrial transformation in the region will propel the market size. Drilling activities coupled with oil and gas industries in the region has also been increased, which will also have a positive impact on the compressor rental market growth.
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Compressor rental market will be further enhanced by future innovative pneumatic equipment. Numerous prominent manufacturers are continuously involved in developing new products which can make use of speed technology by controlling the compressor speed. These products will be energy efficient owing to their speed controlling nature, in turn, flourishing the industry growth.
Global compressor rental market is competitive in nature. Some of the key competitors across the globe are Aggreko, Caterpillar, Hertz equipment, Ingersoll Rand and Atlas Copco. Few other prominent leading vendors present in the market are Blueline, Sunbelt, Cramo, ACME fab-con and Coates Hire.
Related News: https://www.reuters.com/brandfeatures/venture-capital/article?id=120140
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