The market for Air compressors has seen steady growth in the historical years. In the year 2019, the value of the industry stood at USD 32.47 Billion. It is speculated that the sector will grow at a CAGR of 3.9% by the end of the year 2027. The growth of this sector is contributed majorly by two factors, increasing safety concerns of food and beverage products and the increase in the oil extraction activities, which also drive demand. The report offers crucial information about the air compressor industry. Therefore, potential investors will find it to be majorly useful and beneficial to make strategic decisions.
The major ground-level positive factors for the air compressor industry are low maintenance, operation at relatively lesser costs, improvising of existing systems, and growing acceptance of variable-speed systems. The increasing use of automation and the ever-increasing production will result in boosting the need for air compressors. The portable compressors segment is the sole contributor, with more than 40% of the global share. An elaborate study made in the report suggests how the industry functions and what can be expected in the future of the global air compressor sector.
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Top Players in the Global Air Compressor Market:
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