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Rising demand for portable air compressors is expected to fuel the global air compressor market growth in the 2019-2026 timeframe. The rotary compressor sub-segment is likely to lead the market. Asia Pacific region is expected to dominate the market.
NEW YORK , Aug. 10, 2022 /PRNewswire/ -- Research Dive has added a new report to its offerings titled, "Air Compressor Market, By Product (Portable, Stationary), By Technology (Rotary, Reciprocating, Centrifugal), By Lubrication (Oil Free, Oil Filled) By Application (Home Appliances, Food & Beverage, Oil & Gas, Manufacturing, Healthcare) and Regional Analysis (North America , Europe , Asia Pacific , LAMEA) Global Opportunity Analysis and Industry Forecast, 2019–2026".
The global air compressor market is expected to garner $41,126.7 million by 2026. The report delivers comprehensive insights into the current condition and future prospective of the industry by meticulously examining market drivers and restraints, opportunities, major segments, and regions.
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Key Segment Findings of the Air compressor Market
The market is segmented based on product type, technology, application, lubrication, and region.
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The prime factors fueling the growth of the global air compressor market are a significant rise in the demand for environment friendly compressed air solutions and mounting acceptance for portable air compressor models worldwide. In addition, increasing demand for high powered as well as efficient air compressors from oil and gas industries is anticipated to unlock innovative opportunities for the market growth in the projected period. However, implementation of strict government guidelines about the noise levels and greenhouse gases emitted by the air compressors is projected to deter the market growth during the forecast period.
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Top Players of the Market
The major players of the global air compressor market are
Numerous business strategies, such as acquisitions, mergers, R&D activities, new product developments, and much more, are implemented by these players to attain a robust position in the global market. – Buy the full report here!
For instance, in September 2018 , ELGi Equipments, one of foremost air-compressor producers in India , recently launched its new range of oil-free air-compressors. With this launch, ELGi Equipments is aiming to make a strong presence in the global air compressor market.
Moreover, the report offers other key details such as business tactics, financial performance, and product/service range of the leading players along with Porter's five forces analysis and SWOT analysis.
Additional about Air Compressor Market:
Research Dive is a market research firm based in Pune, India . Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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