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Industrial Air Compressor Market Report : By Materials, Technology, CAGR And Key Players Forecast To 2032 | Atlas Copco, Danfoss, Doosan Infracore, EBARA Corporation, Elgi Equipments Limited
Industrial Air Compressor Market Trends
The Business Research Company's Industrial Air Compressor Global Market Report 2023 identifies increasing demand for energy-efficient air compressors as the major driver for the Industrial Air Compressor market's growth in the forecast period. An industrial air compressor is a device that works in converting potential energy into compressed air form. This energy-efficient air compressor can create an advantage in the world of growing energy costs and increasing accessibility to energy-saving technologies in industrial sectors.
The global industrial air compressor market size grew from $20.32 billion in 2022 to $21.35 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. 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, causing inflation across goods and services and affecting many markets across the globe. The industrial air compressor market size is expected to grow to $25.98 billion in 2027 at a CAGR of 5.0%.
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Major competitors in the Industrial Air Compressor market are Atlas Copco, Danfoss, Doosan Infracore, EBARA Corporation, Elgi Equipments Limited, Hitachi, Howden Group Ltd., Ingersoll-Rbd PLC., Kaeser Kompressoren, Inc., Kirloskar Pneumatics Co. Ltd., Kobe Steel, Baker Hughes, BOGE Kompressoren, Campbell Hausfeld, Coaire, Elloitt Group Ltd., FS-Curtis, Fusheng Group, Gardner Denver, and GE Oil and Gas.
A key trend in the Industrial Air Compressor market includes technological developments. Companies that are into Industrial Air compressors are undergoing develop new technologies and products. For instance, in February 2021, CMC introduced the AIRMATICS Aero control system. CMC, an Italian-based manufacturer of air compressors that used to be applicable in the Industrial sector introduced the AIRMATICS Aero control system.
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The Industrial Air Compressor market is segmented -
By Type: Rotary Air Compressors, Reciprocating Air Compressors, Centrifugal Air Compressors
By Product: Positive Displacement, Dynamic Displacement
By Seal: Oil-Free Seal, Oil-Lubricated Seal
By Application: Food And Beverage, Oil And Gas, Energy And Mining, Semiconductor And Electronics, Manufacturing, Construction And Municipal, Pharmaceuticals, Agriculture/Farming
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Industrial Air Compressor market.
The Business Research Company's "Global Industrial Air Compressor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Air Compressor Market Include:
1. Executive Summary
2. Industrial Air Compressor Market Characteristics
3. Industrial Air Compressor Market Trends And Strategies
4. Industrial Air Compressor Market - Macro Economic Scenario
5. Industrial Air Compressor Market Size And Growth
……
26. Africa Industrial Air Compressor Market
27. Industrial Air Compressor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Air Compressor Market
29. Industrial Air Compressor Market Future Outlook and Potential Analysis
30. Appendix
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