PUBLISHER: TechNavio | PRODUCT CODE: 1515997
PUBLISHER: TechNavio | PRODUCT CODE: 1515997
The compressors market is forecasted to grow by USD 11918.6 mn during 2023-2028, accelerating at a CAGR of 2.87% during the forecast period. The report on the compressors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of compressors in various industries, growing need for energy-efficient compressors, and expansion of oil terminals.
Technavio's compressors market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 2.76% |
CAGR | 2.87% |
Incremental Value | $11918.6mn |
By End-user
By Type
By Geographical Landscape
This study identifies the rising demand for oil-free compressors as one of the prime reasons driving the compressors market growth during the next few years. Also, increasing adoption of rental model for compressor procurement and increasing focus on big data analytics will lead to sizable demand in the market.
The report on the compressors market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading compressors market vendors that include Atlas Copco AB, BAC Compressors, BOGE, Danfoss AS, Dearing Compressor and Pump Co., Doosan Portable Power Co., Elgi Equipments Ltd, Fusheng Precision Co. Ltd., Hanbell Precise Machinery Co. Ltd., Hitachi Ltd., Indo-Air Compressors Pvt. Ltd., Ingersoll Rand Inc., KAESER KOMPRESSOREN SE, Kaishan Compressor USA, Kirloskar Pneumatic Co. Ltd., Kobe Steel Ltd., Parker Hannifin Corp., Siemens Energy AG, Sulzer Ltd., and Yantra Technologies. Also, the compressors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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