Press release
Compressors Global Market Size is Estimated to Surge at a CAGR of 3.3% to Reach $129.26 Billion By 2028
Compressors Global Market
The Business Research Company presents an extensive market research report on the Compressors Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The compressors market size has grown steadily in recent years. It will grow from $109.95 billion in 2023 to $113.62 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, innovative manufacturing infrastructure of modern systems, an increased automobile production and a growing number of food processing units.
The compressors market size is expected to see steady growth in the next few years. It will grow to $129.26 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to government support, rapid industrialization, an increasing demand for energy-efficient air compressors and rising demand for oil-free compressors in the food and beverage industry. Major trends in the forecast period include focus on innovative product launches, mergers and acquisitions, oil-free screw compressors, technology advancements, partnerships and collaborations, new facility expansions, increasing investments and rotary screw compressors.
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Key Market Players:
Major companies operating in the compressors market report are Atlas Copco AB, Mitsubishi Heavy Industries Ltd., Baker Hughes Co., Ingersoll Rand Inc, Siemens Energy AG, Hitachi Ltd., Burckhardt Compression Holding Ag, Elgi Equipments Ltd., Ariel Corporation, Kobe Steel Ltd., Mr C.M. Panchal, Mk Engineering, Paras Compressors, Mark Compressors, Deep Pneumatics, Pryes Compressors, Zen Air, Suzhou Alton Electrical And Mechanical Industry, Wenling Toplong Electrical And Mechanical, Zhejiang Universal Machinery, Zhengzhou Windbell Machinery, Tianjin Air Compressor, Shanghai Honest Compressor, Shenzhen Rongruitong Electromechanical Equipment, Abac Air Compressors, Avelair Compressed Air Solutions, Howden Compressors, Motivair Compressor Limited, Sauer Compressors Uk Ltd, Ceccato Aria Compressa S.P.A, Ing. Enea Mattei Spa, Rotair Spa, General Noli Spedizioni Internazionali S.P.A, Kaeser Kompressoren, Krasnodar Compressor Plant, Neva Compressor Service, Pk-Kompressor, American Compressor Company, Kaishan Compressor Usa, Compressed Air Solutions, Aerzen Usa Corporation, Midwest Compressoz, Wiseworth Canada Industries, Chamco Industries Ltd, Ingersoll Rand - Barueri Sales And Service Center, Siscati Compressors, Frio Ingenieria S.A, Danair , Gardner Denver Inc, Flowserve Corporation, Generall Electric Company, Idex Corporation, Colfax Corporation, Accudyne Industries Llc, Anest Iwata Corporation
Market Drivers:
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. For instance, Atlas CopCo., MAN Turbo, and Gardner Denver are some of the compressor manufacturers that offer compressors for power generation applications.
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https://www.thebusinessresearchcompany.com/report/compressors-global-market-report
The compressors market covered in this report is segmented -
1) By Type: Air, Gas
2) By Compressor Type: Positive Displacement, Dynamic
3) By Power Rating: 101-300 Kw, 0-100 Kw, 301-500 Kw, 500 Kw Above
4) By Application: Industrial Manufacturing, Oil And Gas, Automotive, Hvac-R, Food And Beverage, Power, Construction, Chemical And Cement, Textile
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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