Industrial Air Compressors Market Poised to Reach $51.8 Billion Globally by 2030 Amid Robust Technological Advancements

News provided by

Jan 09, 2024, 05:45 ET

DUBLIN, Jan. 9, 2024 /PRNewswire/ -- The "Industrial Air Compressors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

With industrial innovation at the forefront, a dynamic shift is projected for the global Industrial Air Compressors market. As per a newly added comprehensive report, this market, which stood at an estimated $34.5 billion in 2022, is anticipated to expand at a compound annual growth rate (CAGR) of 5.2% to reach a formidable $51.8 billion by the year 2030.

Significant Growth in Positive Displacement and Dynamic Displacement Segments

An analysis within this strategic business report highlights the Positive Displacement segment, expected to experience a sturdy growth rate of 5.5% CAGR and potentially achieve a market size of $30.9 billion by the close of the analysis period. The Dynamic Displacement segment is not far behind, with projections estimating a growth rate of 4.8% over the next eight years.

Spotlight on Regional Market Development

Geographically, the United States holds a substantial market valuation estimated at $8.5 billion in 2022. Conversely, China is emerging as a dominant growth frontier, where the Industrial Air Compressors market size is expected to reach $10.8 billion by 2030, progressing at a remarkable CAGR of 6.8%. Markets in Japan and Canada are also gaining traction, with forecasted CAGR's of 3.4% and 3.9%, respectively, during the period spanning 2022 to 2030. In the context of the European landscape, Germany is predicted to witness a CAGR of approximately 4.7%.

Economic Outlook and Competitive Landscape

The overarching economic climate continues to recuperate with promising GDP growth trajectories across several economies. Despite potential impediments, such as ongoing geopolitical tensions and persistent inflation in certain sectors, the resilience of global markets is beginning to emerge. Moreover, advances in leading-edge technologies are poised to catalyze new investment avenues, invigorating corporate spending and the global GDP.

FOCUS ON SELECT PLAYERS (Total 187 Featured)

Aerzener Maschinenfabrik GmbH
Ariel Corporation
Atlas Copco Group
BAUER COMP Holding GmbH
Danfoss A/S
Elgi Equipments Limited
FS-Curtis
Gardner Denver
Hanwha Power Systems CO., LTD.
Hitachi Ltd
Howden Group Ltd.
IHI Corporation
Ingersoll Rand
Kaeser Kompressoren
Kobe Steel, Ltd
Mayekawa Mfg. Co., LTD
Mikuni Kikai Kogyo Co., LTD.
Mitsubishi Heavy Industries Ltd.
Mitsui E&S Holdings Co., Ltd
Parker Hannifin Corporation
Siemens AG
Sulzer Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/fze2jd

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets