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Global Compressors Market 2024 Future Trends, Scope, Industry Analysis And Forecast To 2033
Compressors Market
The Business Research Company offers in-depth market insights through Compressors Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Compressors' Vital Role In The Expanding Power Industry
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.
Competitive Landscape:
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
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Top Trend - Eco-Friendly Innovation With Next-Generation Air Compressors In The Market
The emergence of next-generation air compressors is an important trend in the compressors market. The next-generation air compressors are highly energy-efficient and eco-friendly and emit relatively lesser carbon emissions than the traditional compressors. For example, Kirloskar Pneumatic Co Ltd in association with Top Tag Trading Est (3T Group) launched a next-generation diesel portable compressor, which offers high power efficiency at a low cost of ownership. Similarly, compressor manufacturer Atlas Copco offers the GA VSD+ compressor which reduces energy consumption by 50%. Other companies in the compressors market such as Hitachi and Ingersoll Rand are also working towards power-efficient and low-maintenance air compressors.
The Table Of Content For The Market Report 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
…..
27. Compressors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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