Compressors Market Annual Sales, Size, Major Strategies, Key Companies, Revenue Share Analysis, 2023-2032

As per The Business Research Company's Compressors Opportunities And Strategies Market Report 2023, The global compressors market reached a value of nearly $122,569.6 million in 2022, having grown at a compound annual growth rate (CAGR) of 4.3% since 2017. The market is expected to grow from $122,569.6 million in 2022 to $140,490.9 million in 2027 at a rate of 2.8%. The market is then expected to grow at a CAGR of 2.0% from 2027 and reach $154,911.5 million in 2032.

During the forecast period, the increasing demand for energy-efficient air compressors will support the growth of the compressors market. Since the Paris Agreement was ratified in recent years, the world has been under pressure to employ low-carbon energy sources to reduce greenhouse gas (GHG) emissions and keep the rise in the world's mean surface temperature to below 2°C above pre-industrial levels by the end of the century. The adoption of energy-efficient compressed air solutions is becoming more popular as a result of growing attention to energy prices and rising greenhouse gas emissions. The 2030 Climate Target Plan, put forth by the European Union (EU), aims to increase the EU's ambition to reduce greenhouse gas emissions by at least 55% below 1990 levels by 2030. For example, in May 2022, Atlas Copco, a Swedish industrial company that manufactures industrial tools and equipment, launched its most advanced, energy-efficient, sustainable and smart rotary screw compressor. With energy savings of 60% over fixed-speed compressors, the GA VSDS is the most energy-efficient, sustainable compressor. All these factors have created better growth opportunities for the industrial air compressor market during the forecast period.

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Major companies in the compressors market are focusing on developing new technological solutions to strengthen their position in the market. For example, in May 2022, ELGi Compressors Europe, a Belgian air compressor manufacturer, launched the LD Series compressor. The new LD Series is an innovation in piston air compressor technology. The LD Series air compressors come with a cast-iron direct-driven two-stage compressor mounted on an air receiver and equipped with a Star-Delta-Starter as standard. Further, in July 2021, Mattei, an Italian compressor manufacturer, launched its 55 kW, 75 kW and 90 kW range of Rotary Vane Xtreme Inverter- (RVXi-) controlled air compressors. The freshly patented Xtreme Injection Technology introduces a new and more energy-efficient method of producing compressed air. The technology adjusts the compressor rotation speed according to the actual use, avoiding unnecessary energy waste, to make their machines even more efficient across the 40% to 70% capacity range, where inverter-based control technology is universally deployed by compressor manufacturers.

Major companies in the compressors market are focusing on developing new technological solutions to strengthen their position in the market. For example, in May 2022, ELGi Compressors Europe, a Belgian air compressor manufacturer, launched the LD Series compressor. The new LD Series is an innovation in piston air compressor technology. The LD Series air compressors come with a cast-iron direct-driven two-stage compressor mounted on an air receiver and equipped with a Star-Delta-Starter as standard. Further, in July 2021, Mattei, an Italian compressor manufacturer, launched its 55 kW, 75 kW and 90 kW range of Rotary Vane Xtreme Inverter- (RVXi-) controlled air compressors. The freshly patented Xtreme Injection Technology introduces a new and more energy-efficient method of producing compressed air. The technology adjusts the compressor rotation speed according to the actual use, avoiding unnecessary energy waste, to make their machines even more efficient across the 40% to 70% capacity range, where inverter-based control technology is universally deployed by compressor manufacturers.

Compressors Market Segmentation:
The Compressors market is segmented by type, By Application, By Compressor and By Power Rating.

By Type -
a) Air
b) Gas

By Application -
a) Industrial Manufacturing
b) Oil And Gas
c) Automotive
d) HVAC-R
e) Food And Beverage
f) Power
g) Construction
h) Chemical And Cement
i) Textile

By Compressor -
a) Positive Displacement
b) Dynamic.

By Power Rating -
a) 101-300 KW
b) 0-100 KW
c) 301-500 KW
d) 500 KW Above

Major players in the Compressors market include Atlas Copco AB
Mitsubishi Heavy Industries Ltd., Baker Hughes Co., Ingersoll Rand Inc., Siemens Energy AG

The regions covered in the global Compressors market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Compressors Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Compressors Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction And Market Characteristics
……
19. Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Compressors Market, Conclusions And Recommendations
23. Appendix

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