October 03, 2022 08:30 ET | Source: Custom Market Insights Custom Market Insights
Sandy, Utah, USA, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Air Compressor Market Size, Trends and Insights By Mode of Operation (Reciprocating, Rotary, Centrifugal), By Type (Portable, Stationary), By Lubrication (Oil filled, Oil free), By Application (Food and beverages, Manufacturing, Healthcare , Electronic and semiconductors, Home appliances, Oil and gas, energy, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
"According to the latest research study, the demand of global Air Compressor Market size & share was valued at approximately USD 31.86 Billion in 2021 and is expected to reach a value of around USD 55.98 Billion by 2030, at a compound annual growth rate (CAGR) of about 5.5% during the forecast period 2022 to 2030." Click Here to Access a Free Sample Report of the Global Air Compressor Market @https://www.custommarketinsights.com/request-for-free-sample/?reportid=18028
There are a large number of applications of air compressors in various industries. Increased usage in the packaging, transportation, construction and pharmaceuticals industry will lead to the market's growth. Industrialization will lead to an increase in manufacturing activities. And this shall provide a major potential and opportunities that will lead to market growth. The economic and industrial developments have been more Indonesians like in Africa. The government's initiatives that increase industrial automation will also help grow the market.
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many factors will hamper the growth of the market during the forecast period. Poor practices and artificial demand will increase the losses in the industry. Leaks will also inhibit the growth of the market. One of the largest wisps is that of air leaks. This usually takes place at the manufacturing plant. The operation of the air systems at higher pressures Leads to increased losses. All of these factors also increase the time, which is non-productive, and they shall have a more significant effect on the market's growth.
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(Please note that the sample of the Air Compressor report has been modified to include the COVID-19 impact study prior to delivery.)
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As various nations are engaged in reducing the number of carbon emissions and the reduction of greenhouse gases, the need for sustainable products has increased. The need for energy-efficient solutions has grown in recent years. All this is possible with the use of compressed air solutions. The safer and easier generation of compressed air has increased the need for air compressors for many industries.
The reliability of compressed air solutions has increased in recent years. Modern compressors have also increased, and they shall provide major opportunities for market growth during the forecast period.
Using these compressors helps in having better savings and a clean environment. These compressors are considered environment-friendly products as they make less noise and do not need much fuel. Heat recovery is one of the features that will lead to the growth of the modern compressors market and shall provide opportunities for the growth of the market.
The energy that is recovered is used for the preheating of feedwater. And this serves to be a great feature for the industries engaged in power generation.
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Various nations like the United Kingdom, the United States and Canada adopt strict rules and regulations. Many European countries are launching new standards for emission control. These standards are aimed at improving air quality with the use of compressors. It shall help decrease the number of contaminants discharged into the environment. When it comes to manufacturing such compressors, the manufacturers need to alter the performance and design of these products. To reduce the number of emissions left out, in the end, few nations across the world have adopted strict regulations and rules, especially in industrially advanced nations. They help reduce the number of health hazards associated with the emission of such gases. But all of these stringent policies will hamper the market's growth during the forecast period.
Based on the product type, the Rotary segment will have a larger market share as they are used on a large scale in many industries like mining, electric power, mechanical metallurgy and paper making. Based on application, the manufacturing segment has emerged as the largest market for the huge number of industries that have come up in recent years due to the active support provided by the government to the various emerging businesses, which has led to this phase of industrialization.
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Based on lubrication, the segment of oilfields has emerged as the largest market due to the rapid use of air compressors in this sector. Based on product type, the segment of stationary air compressors has emerged as the largest market due to the extensive demand for stationary equipment in the industrial sector. Based on geography, the region of Asia Pacific has emerged as the largest market for the huge number of industries in this sector.
The Asia Pacific region will have the largest market share in the coming years. This segment has dominated the market in the past, and it will continue to grow well in the coming years as the government of various nations in the Asia Pacific region are engaged in making investments for the development of infrastructure and rapid industrialization. As there has been rapid industrialization in various regions of the Asia Pacific region, there shall be an increased need for air compressors.
Air compressors are used in many industries like the manufacturing, gas and oil, home appliances, beverages, and food industries. As many manufacturers of air compressors are present in the Asia Pacific region, especially in the nations like China and India, the demand for these products will continue to grow in the coming years. As there is large-scale production of the semiconductors and electronics in these nations, the market is expected to grow well in the coming year. in the North American region and the European region, steady growth will be noted in the coming years period Eastern Europe has increased the number of investments made in the industrial sector due to which the need for these compressors will continue to grow.
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Energy efficient and simple products have more demand in the market, and all of these factors will help the market's growth during the forecast period.
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Key questions answered in this report:
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Click Here to Access a Free Sample Report of the Global Air Compressor Market @https://www.custommarketinsights.com/request-for-free-sample/?reportid=18028
Click Here to Access a Free Sample Report of the Global Air Compressor Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18028
Segments covered in the Report
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On the basis of Geography
The Middle East & Africa
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Browse the full “Air Compressor Market Size, Trends and Insights By Mode of Operation (Reciprocating, Rotary, Centrifugal), By Type (Portable, Stationary), By Lubrication (Oil filled, Oil free), By Application (Food and beverages, Manufacturing, Healthcare, Electronic and semiconductors, Home appliances, Oil and gas, energy, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/air-compressor-market/
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