Global Air Compressor Market
Air Compressor Market Size And Forecast
According to Verified Market Research, Global Air Compressor Market was valued at USD 33.25 Billion in 2018 and is projected to reach USD 44.68 Billion by 2026, growing at a CAGR of 3.74% from 2019 to 2026.
Global Air Compressor Market Outlook
The major factor that is boosting the demand for the air compressor is rapid industrialization in emerging economies. The rise in the demand for an energy-efficient air compressor by industries around the world is supporting the growth of the market. The increasing use of air compressors in food & beverage industries as a result of strict government regulation on the safety of foods is likely to drive the growth of the market. However, high installation and maintenance costs are some of the major factors that may affect the growth of the market. Moreover, technological advancement has improved the compression capabilities of air compressors, which in turn expected to boost the demand for the air compressor. the advent of energy-efficient models of air compressors, which are also available in portable designs, has been extensively adopted by industries around the world.
Global Air Compressor Market Competitive Landscape
The Global Air Compressor Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Atlas Copco, Bauer Group, Cook Compression, AireTex Compressor, Kaeser Compressors, Sullair LLC., Mitsubishi Heavy Industries Ltd., Kirloskar Pneumatic Company Limited, Ingersoll-Rand PLC, and Elgi Equipments Limited.
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