Industrial Air Compressors Market
The industrial air compressors market was valued at usd 14.07 billion in 2019 and is expected to reach a value of usd 16.90 billion by 2025, at a cagr of 3.1% during the forecast period from 2020 to 2025.
Industrial air compressors market. The segmental growth can be attributed to lower heat generation attribute of rotary air compressors as compared to other types of air compressors. According to verified market research, global industrial air compressor market was valued at usd 28.05 billion in 2018 and is projected to reach usd 44.26 billion by 2026, growing at a cagr of 5.84% from 2019 to 2026. This analysis is in an excel format.
The air compressors are generally used for a wide range of businesses worldwide to deliver compressed air to power complex industrial processes. In 2018, rotary air compressors held a 55% share in global industrial air compressor market and is expected to showcase similar growth patterns through 2026. The data are also segmented.
The market is expected to witness moderate growth in europe, due to existing economic uncertainty in some of the countries, which are prominent markets for industrial air compressors. Browse or sell your items for free. The report on industrial air compressors market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, etc.
Industrial air compressors are extensively used in majority of the industrial usages such as for powering pneumatic equipment & tools, cleaning purposes, for supplying compressed air, etc. According to the report, asia pacific was a significant contributor to the industrial air compressor market in terms of revenue in 2019. Industrial air compressor market forecast report estimates oil filled air compressors segment will accumulate proceeds more than $10 billion by 2026.
For the forecast year up to 2029. Air compressor market size was usd 75.5 billion in 2019 and will witness a cagr of 5.2% between 2020 and 2026.the industry scope covers various categories of the product including air compressors for home appliances, tire inflators, automotive compressors for air conditioning and air brakes, construction equipment, medical and industrial air compressors for driving pneumatic. Furthermore, the demand for advanced and efficient compressors has boosted the demand for air compressors in several manufacturing industries.
Find great deals on new and used air compressors for sale in your area on facebook marketplace. In 2018, rotary air compressors held a 55% share in global industrial air compressor market and is expected to showcase similar growth patterns through 2026. The air compressors based on reciprocating technology owing to simpler construction have significant market share in the past years.
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