Global Air Compressor Market Report 2020 expected to reach USD 98.75 bn by 2025
Published on : Friday 23-10-2020
Stationary type air compressor segment is expected to dominate the global air compressor market.
Dublin, October, 2020 – The ‘Global Air Compressor Market 2020-2025 by Vehicle Type, Method of Lubrication, Technology, End-user and Geography’ report has been added to ResearchAndMarkets.com's offering. The Global Air Compressor Market is estimated to be USD 75.2 Bn in 2020 and is expected to reach USD 98.75 Bn by 2025 growing at a CAGR of 5.6%. Air compressors uses the power from motors or engines to store air in pressurised form. The pressurised air has various applications in manufacturing, automobile, oil and gas industry to name a few. Stationary type air compressor segment is expected to dominate the global air compressor market. Extensive use of stationary air compressors in manufacturing, automobile and home appliances industries is expected to boost the growth of the segment. However, portable air compressors are projected to grow at the highest CAGR during the forecast period. APAC region is expected to grow at a significant rate owing to the demand from various applications in the end-use industry such as home appliances, manufacturing, automobile, oil and gas, etc.
Some of the companies covered in this report are Atlas Copco AB, Kaeser Compressors, Suzler Ltd, Elgi Equipments Limited, Hitachi Industrial Equipment Systems Co Ltd, GE Energy, VMAC Global Technology Inc, Ingersoll-Rand PLC, Campbell Hausfled, etc.
The report includes IGR Competitive Quadrant, a proprietary tool to analyse and evaluate the position of companies based on their Industry Position score and Market Performance. The tool uses various factors for categorising the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
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