Compressors Global Market Report : Global Industry Trends, Share, Size, Growth, Opportunity And Forecast 2023-2032
As per the compressors market report by The Business Research Company, the increasing applications of compressors in the power industry are one of the key drivers for the compressors market. This is mainly due to the rising global population which has led to an increase in the demand for electricity and other power resources to carry out day-to-day activities. In this regard, companies in the compressors market are offering compressors for the power industry.
The global compressors market size will grow from $122.57 billion in 2022 to $125.75 billion in 2023 at a compound annual growth rate (CAGR) of 2.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global compressors market size is expected to grow to $140.49 billion in 2027 at a CAGR of 2.8%.
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Major competitors in the compressors market include Atlas, Ingersoll Rand, Siemens, Ebara, ELGI Equipment Ltd., Gardner Denver, Kirloskar, Kobe Steel, Mitsubishi Heavy Industries Ltd., and Sulzer AG.
The compressors market is segmented -
• By Type: Air, Gas
• By Compressor Type: Positive Displacement, Centrifugal
• By Power Rating: 0-100 kW, 101-300 kW, 301-500 kW, 500 kW Above
• By Appication: Construction, Power, Industrial Manufacturing, HVAC-R, Chemical & Cement, Oil & Gas, Automotive, Food & Beverage, Textile
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the compressors market
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Compressor is a device that provides power by increasing the pressure of a substance and reducing the volume. They are used for industrial and home needs.
The Table Of Content For The Compressors Market Include:
1. Executive Summary
2. Compressors Market Characteristics
3. Compressors Market Trends And Strategies
4. Compressors Market - Macro Economic Scenario
5. Compressors Market Size And Growth
6. Compressors Market Segmentation
26. Africa Compressors Market
27. Compressors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Compressors Market
29. Compressors Market Future Outlook and Potential Analysis
The "Global Compressors Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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