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The compressors market size has shown steady growth, ascending from $109.95 billion in 2023 to $113.62 billion in 2024, achieving a moderate compound annual growth rate (CAGR) of 3.3%. The historic period’s growth can be attributed to strong economic growth in emerging markets, the innovative manufacturing infrastructure of modern systems, an increased automobile production, and a growing number of food processing units. Looking ahead, the market is expected to maintain steady growth, reaching $129.26 billion in 2028 with a CAGR of 3.3%. Contributing factors include government support, rapid industrialization, an increasing demand for energy-efficient air compressors, and rising demand for oil-free compressors in the food and beverage industry. Key trends in the forecast period encompass a focus on innovative product launches, mergers and acquisitions, the development of oil-free screw compressors, technological advancements, partnerships and collaborations, new facility expansions, increased investments, and the adoption of rotary screw compressors.

The compressors market is witnessing growth propelled by the increasing applications of compressors in the power industry. The surge in global population has led to heightened electricity demand for day-to-day activities, driving the need for compressors in power generation applications. Key players in the compressors market, including Atlas CopCo, MAN Turbo, and Gardner Denver, are actively offering compressors tailored for power generation. As the power industry continues to expand to meet growing energy needs, the demand for compressors is expected to rise, positioning the compressors market for sustained growth in the foreseeable future.

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What Are The Key Trends That Influence Compressors Market Share Analysis?

Next-generation air compressors are a key trend in the compressors market, offering high energy efficiency and lower carbon emissions compared to traditional models. For instance, Kirloskar Pneumatic Co Ltd, in collaboration with Top Tag Trading Est (3T Group), introduced a next-generation diesel portable compressor with high power efficiency and low ownership costs. Similarly, Atlas Copco’s GA VSD+ compressor reduces energy consumption by 50%. Other companies, such as Hitachi and Ingersoll Rand, are also developing power-efficient, low-maintenance air compressors.

Which Market Players Are Driving Growth In The Compressors Market?

Major companies operating in the compressors market report are Atlas Copco AB, Mitsubishi Heavy Industries Ltd., Baker Hughes Co., Ingersoll Rand Inc, Siemens Energy AG, Hitachi Ltd., Burckhardt Compression Holding Ag, Elgi Equipments Ltd., Ariel Corporation, Kobe Steel Ltd., Mr C.M. Panchal, Mk Engineering, Paras Compressors, Mark Compressors, Deep Pneumatics, Pryes Compressors, Zen Air, Suzhou Alton Electrical And Mechanical Industry, Wenling Toplong Electrical And Mechanical, Zhejiang Universal Machinery, Zhengzhou Windbell Machinery, Tianjin Air Compressor, Shanghai Honest Compressor, Shenzhen Rongruitong Electromechanical Equipment, Abac Air Compressors, Avelair Compressed Air Solutions, Howden Compressors, Motivair Compressor Limited, Sauer Compressors Uk Ltd, Ceccato Aria Compressa S.P.A, Ing. Enea Mattei Spa, Rotair Spa, General Noli Spedizioni Internazionali S.P.A, Kaeser Kompressoren, Krasnodar Compressor Plant, Neva Compressor Service, Pk-Kompressor, American Compressor Company, Kaishan Compressor Usa, Compressed Air Solutions, Aerzen Usa Corporation, Midwest Compressoz, Wiseworth Canada Industries, Chamco Industries Ltd, Ingersoll Rand – Barueri Sales And Service Center, Siscati Compressors, Frio Ingenieria S.A, Danair , Gardner Denver Inc, Flowserve Corporation, Generall Electric Company, Idex Corporation, Colfax Corporation, Accudyne Industries Llc, Anest Iwata Corporation

How Is The Global Compressors Market Segmented?

The compressors market covered in this report is segmented –

1) By Type: Air, Gas
2) By Compressor Type: Positive Displacement, Dynamic
3) By Power Rating: 101-300 Kw, 0-100 Kw, 301-500 Kw, 500 Kw Above
4) By Application: Industrial Manufacturing, Oil And Gas, Automotive, Hvac-R, Food And Beverage, Power, Construction, Chemical And Cement, Textile

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The Compressors Global Market Report 2024 provides an overview of the compressorsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The compressors market forecast analyzes compressors market size, compressors market share, leading competitor and their market positions.

The Table Of Content For The Compressors Market Include

1. Compressors Market Executive Summary
2. Compressors Market Segments
3. Compressors Market Size And Template Market Growth Rate
4.  Key Compressors Market Trends
5. Major Compressors Market Drivers
……
25. Key Mergers And Acquisitions In The Compressors Market
26. Top Compressors Companies
27. Compressors Market Opportunities And Strategies
28. Compressors Market, Conclusions And Recommendations
29. Appendix

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