Press release
Global Air Compressor Market Size 2023: Top Companies Analysis, Share, Growth, Trend and Research Report, 2031
The air compressor market size was USD 16.59 billion in 2022. Covid-19's impacts have been unprecedented and staggering on a global scale, with the pandemic leading to negative demand shocks for the air compressor market across all domains and regions. Based on the analysis the market exhibited a huge decline of -5.4% in 2020. Between 2021 and 2030, the market is projected to grow at a CAGR of 4.9%, from USD 15.88 billion in 2021 to USD 23.17 billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over.
Air compressors are planned to utilize a variety of power sources. While gas/diesel-powered and electric air compressors are among the most popular, air compressors that utilize vehicle engines, hydraulic ports are also commonly used in mobile applications. Approximately 70~80% of the air compressor's total lifetime cost is energy consumption, so using the high-efficiency air compressor is one of the energy-saving methods.
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Market Trends:
Increasing Demand for Energy-Efficient Air Compressors Across the Industrial Applications:
A compressed air system is one of the main industrial equipment that has to follow all energy policies, meanwhile easy and safe generation of compressed air is increasing the use of air compressors in different industrial applications. Modern compressors can achieve long-term savings and ensure a cleaner environment. The modern sir system also recommends using IE4-compliant motors as they reduce electricity consumption. All these factors have created better growth opportunities. For the industrial air compressor market during the incoming period.
Air Compressor Market Trends:
Increasing Demand for Energy-Efficient Air Compressors Across the Industrial Applications
A compressed air system is one of the main industrial equipment that has to follow all energy policies, meanwhile easy and safe generation of compressed air is increasing the use of air compressors in different industrial applications. Modern compressors can achieve long-term savings and ensure a cleaner environment. The modern sir system also recommends using IE4-compliant motors as they reduce electricity consumption. All these factors have created better growth opportunities. For the industrial air compressor market during the incoming period.
Get Access of this Research Report @ https://www.intellectualmarketinsights.com/report/air-compressor-market-research-current-trends-and-growth/imi-005037
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ค๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐๐ซ๐ฎ๐ญ๐ข๐ง๐ข๐ณ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ ๐๐ซ๐:
โข What are some of the recent brand building activities of key players undertaken to create customer value in the Air Compressor market?
โข Which companies are expanding litany of products with the aim to diversify product portfolio?
โข Which companies have drifted away from their core competencies and how have those impacted the strategic landscape of the Air Compressor market?
โข Which companies have expanded their horizons by engaging in long-term societal considerations?
โข Which firms have bucked the pandemic trend and what frameworks they adopted to stay resilient?
โข What are the marketing programs for some of the recent product launches?
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