APAC Is Dominating the Air Compressor Market The air compressor market was valued $30,366.3 million in 2021, and it is set to reach $45,888.0 million by 2030, growing at a CAGR of 4.7% between 2021 and 2030, according to a research report by P&S Intelligence. The growth of this industry can be ascribed to the increasing demand for eco-friendly air compressors all over the world, technological enhancements, presence of advanced manufacturing facilities, and rapid industrialization. Industrial air compressors are used in several industries, such as oil and gas, automotive and transportation, healthcare and pharmaceuticals, metals and mining, packaging, power and energy, and construction. Furthermore, such systems are used by 70% of all constructors, to pneumatic tools, paint sprayers, power conveyors, and packaging machines. Stationary variants held the larger share, approximately 60%. This can be credited to the higher acceptance in the automotive industry and many other engineering sectors. In comparison to portable variants, stationary variants provide better cubic feet per minute airflow, extremely vital in the manufacturing sector, such factors are driving the demand for these variants. The portable category is projected to grow at a higher rate of around 5% in the years to come. It is because of the emergence of technologically enhanced portable variants that generate clean air and are also noise-free. Their ability to move the compressed air to a different location will boost the growth of the this category. The rotatory category in the air compressor market had the largest revenue share of around 45%. This can be accounted to the high effectiveness and robust build of such variants. Read More: https://www.psmarketresearch.com/market-analysis/air-compressor-market-report
APAC Is Dominating the Air Compressor Market The air compressor market was valued $30,366.3 million in 2021, and it is set to reach $45,888.0 million by 2030, growing at a CAGR of 4.7% between 2021 and 2030, according to a research report by P&S Intelligence. The growth of this industry can be ascribed to the increasing demand for eco-friendly air compressors all over the world, technological enhancements, presence of advanced manufacturing facilities, and rapid industrialization. Industrial air compressors are used in several industries, such as oil and gas, automotive and transportation, healthcare and pharmaceuticals, metals and mining, packaging, power and energy, and construction. Furthermore, such systems are used by 70% of all constructors, to pneumatic tools, paint sprayers, power conveyors, and packaging machines. Stationary variants held the larger share, approximately 60%. This can be credited to the higher acceptance in the automotive industry and many other engineering sectors. In comparison to portable variants, stationary variants provide better cubic feet per minute airflow, extremely vital in the manufacturing sector, such factors are driving the demand for these variants. The portable category is projected to grow at a higher rate of around 5% in the years to come. It is because of the emergence of technologically enhanced portable variants that generate clean air and are also noise-free. Their ability to move the compressed air to a different location will boost the growth of the this category. The rotatory category in the air compressor market had the largest revenue share of around 45%. This can be accounted to the high effectiveness and robust build of such variants. Read More: https://www.psmarketresearch.com/market-analysis/air-compressor-market-report
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Air Compressor Market Size & Share Forecast Report, 2022-2030
The global Air Compressor Market size was $30,366.3 million in 2021, and it will grow at a CAGR of 4.7% during 2021–2030.
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