Press release
Compressors Market: Ascertaining Growth Drivers and Trends with Projected Market Size and CAGR Numbers
Compressors Market Share
What Is The Projected Market Size Of The Global Compressors Market And Its Growth Rate?
Find key details about the rising market size of compressors, which is expecting steady growth in the coming years, driven by strong economic growth in emerging markets, innovative manufacturing infrastructure, increased automobile production, and a growing number of food processing units.
• The compressors market will grow from $109.55 billion in 2024 to $114.75 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.7%
• The compressors market will further expand, reaching $129.52 billion in 2029 at a CAGR of 3.1%
• Steady growth is forecasted owing to government support, rapid industrialization, increased demand for energy-efficient air compressors, and rising demand for oil-free compressors in the food and beverage industry
What Is Driving The Growth In The Compressors Market?
The increase in applications of compressors in the power industry represents a significant driver for the compressors market. This is mainly due to the growing global population, leading to a rise in demand for electricity and other power resources for daily activities. Consequently, companies in the compressors market are providing compressors for the power industry. Notable manufacturers offering compressors for power generation applications include Atlas Copco, MAN Turbo, and Gardner Denver.
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Who Are the Key Players Driving Compressors Market Growth?
Several notable companies operating in the compressors market include:
• 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., etc.
What Are The Key Trends In The Compressors Market?
Key trends influencing the compressors market include:
• Focus on innovative product launches
• Mergers and acquisitions
• Development and demand for oil-free screw compressors
• Technology advancements
• Partnerships and collaborations
• Expansion of new facilities
• Increased investments in compressor technology
• Rising popularity of rotary screw compressors
What Are The Segments Of The Global Compressors Market?
The global compressors market is categorically divided into the following segments:
• Type: Air, Gas
• Compressor Type: Positive Displacement, Dynamic
• Power Rating: 101-300 Kw, 0-100 Kw, 301-500 Kw, 500 Kw Above
• Application: Industrial Manufacturing, Oil And Gas, Automotive, HVAC-R, Food And Beverage, Power, Construction, Chemical And Cement, Textile
Which Region Leads The Compressors Market?
Asia-Pacific was the largest region in the compressors market in 2024, followed by North America. The regions covered in the compressors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Compressors Market Global Market Report?
- Market Size Analysis: Analyze the Compressors Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Compressors Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Compressors Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Compressors Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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