Press release
Global Air compressor market is estimated to reach USD 36.2 Billion by 2021
The global air compressor market is estimated to reach USD 36.2 Billion by 2021. Further, the market is projected to register a CAGR of 4.1% over the forecast period i.e. 2016-2023, globally. The market is majorly driven by availability of low cost and several air compressors with different specifications in developing and developed markets at present.
Demand Analysis By Market Segmentation
Our in-depth analysis segmented the global air compressor market in the following segments:
By Product Outlook
Stationary air compressor
Portable air compressor
By Technology Outlook
Reciprocating
Rotatory
Centrifugal
By Lubrication Outlook
Oil Filled
Oil Free
By Region
Global air compressor market is further classified on the basis of region as follows:
North America (United States /U.S. & Canada)
Latin America (Brazil, Mexico, Rest of Latin America)
Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
Middle East and North Africa (MENA)Rest of World
In Asia-Pacific region, the market of air compressor is anticipated to register a CAGR of 4.3% over the forecast period i.e. 2016-2023. Rapid expansion in power generation and oil & gas industries are further projected to escalate the demand in the region. Further, rising adoption of advanced air compressor and presence of growing economies in region are some of the factors which would exhibit a positive impact on the growth of air compressor market in near future.
Advanced Air Compressor: Cost-effective Technology
Various industries such as pharmaceuticals and food and beverages are adopting advanced air compressors in order to cut down the cost of expensive industrial and non-industrial processes to increase profitability. Introduction of advanced energy efficient and low maintenance air compressor are gaining traction among numerous end-use industries and hike the demand in many growing and developed nation across the globe.
Rapid Growth in End-use Industries: Supplementary Dynamic
Rapid expansion of power and energy sector due to rapid pace in urbanization across the globe in developing region, growth in major economies such as China, U.S. and growing demand in developing nations such as India, Brazil owing to increasing demand of fuel and power, technological advancement in semiconductor industries are also hike the demand for air compressor on account of adopting cost-effective production technique are some of the key elements which are likely to bolster the demand for air compressor in near future.
However, noise generation in heavy air compressors, saturation of end-use industries in developed nations, less adoption in undeveloped regions, growing cost of raw material due to high demand and high air contamination in oil filled air compressors are some of the vital factors hampering the growth of air compressor market in near future.
Contact Key extracts from the Table of Content of Air compressor Market 2016-2023 report:
Air compressor Market Size and Forecast, 2016-2023
Air compressor Market CAGR for the Period 2016-2023
Air compressor Market Y-O-Y for the Period 2016-2023
Air compressor Market Demand & Supply Analysis
Air compressor Market Investment Attractiveness
Air compressor Market BPS Analysis
Air compressor Market Dynamics – Trends, Drivers, Challenges, and Opportunities
Air compressor Market Competitive Landscape Analysis
Air compressor Market Investment Proposition, by Geography
Who we are & what we do
Research Nester is a leading service provider for strategic market research and consulting, serving clients from 120+ countries across the globe. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc.
For more information: http://www.researchnester.com/reports/air-compressor-market-global-demand-analysis-growth-opportunity-outlook-2023/192
For Table of Content & Free sample Report contact:
Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
web:www.researchnester.com
Research Nester is a global firm with clients from America, Europe, Asia-Pacific and Middle East. Presence of our clients from global geographies reflects our strong hand in the market research and consulting services.
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