The
air compressors market and it is poised to
grow by USD 7.22 billion during 2020-2024, progressing at a CAGR of almost 4%
during the forecast period. The report offers an up-to-date analysis regarding
the current market scenario, latest trends and drivers, and the overall market
environment.
Although the COVID-19 pandemic continues to transform the growth of
various industries, the immediate impact of the outbreak is varied. While a few
industries will register a drop in demand, numerous others will continue to
remain unscathed and show promising growth opportunities. Technavio’s in-depth
research has all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19
analysis. Download a Free Sample Report on
COVID-19 Impacts
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Atlas Copco AB, Deere & Co., Doosan
Infracore Co. Ltd., General Electric Co., Hitachi Ltd., Ingersoll Rand Inc.,
KAESER KOMPRESSOREN SE, Kobe Steel Ltd., Mitsubishi Heavy Industries Ltd., and
Siemens AG are some of the major market participants. To make the most of the
opportunities, market vendors should focus more on the growth prospects in the
fast-growing segments, while maintaining their positions in the slow-growing
segments.
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Increased adoption of variable speed controllers has been instrumental
in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the
impact of COVID-19 at an industry level, a regional level, and subsequent
supply chain operations. This customized report will also help clients keep up
with new product launches in direct & indirect COVID-19 related markets,
upcoming vaccines and pipeline analysis, and significant developments in vendor
operations and government regulations.
Air Compressors Market 2020-2024: Segmentation
Air Compressors Market is segmented as below:
·
Product
o
Stationary Air Compressor
o
Portable Air Compressor
·
Geography
o
APAC
o
North America
o
Europe
o
South America
o
MEA
Air Compressors Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. The air compressors
market report covers the following areas:
·
Air Compressors Market Size
·
Air Compressors Market Trends
·
Air Compressors Market Analysis
This study identifies the surge in HVAC installations as one of the
prime reasons driving the air compressors market growth during the next few
years.
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