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(IT-NEWSWIRE.COM, March 30, 2018 ) The Global Industrial Air Compressor Market was valued at USD 25.85 billion in 2016 and is projected to reach USD 44.72 billion by 2025, growing at a CAGR of 6.28% from 2017 to 2025.
An Industrial Air Compressor is a device that converts power into potential energy stored in pressurized air. Various applications or end uses of industrial air compressors include supplying clean air to fill gas cylinders, drive pneumatic HVAC systems, and drive pneumatic tools. Benefits of industrial air compressor include – ease of maintenance, versatile tool selection, increasing uptime, reducing unexpected repairs, improving the cleanliness of compressed air, reducing energy consumption.
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The major players in the market are as follows:
Doosan Infracore Co. Ltd., Ingersoll-Rand PLC., Boge Kompressoren, GE Oil & Gas, Howden Group Ltd., Kobe Steel Ltd., Siemens AG, Atlas Copco AB, Gardner Denver, Inc., Mitsubishi Heavy Industries, Ltd., Elliott Group Ltd., Hitachi Ltd., Kirloskar Pneumatics Co. Ltd., Man SE
This research service analyzes current and future trends in the global air compressor market across industries. The analysis is based on end users and product types segmented by rotary, reciprocating, and centrifugal compressors. Market drivers and restraints as well as key challenges and their impact over time are discussed.
Market Dynamics:
1. Market Drivers
1.1 Increasing Demand for Environment-Friendly Compressors
1.2 Increasing Energy Consumption
1.3 Rising Demand for Energy-Efficient Compressors
1.4 Growing Gas Transportation Network
2. Market Restraints
2.1 Increasing noise pollution from industrial compressors
2.2 Stringent quality standards for manufacturers
Market Segmentation:
The Global Industrial Air Compressor Market is segmented on the basis of seal type, output power, maximum pressure, product type, end user, and region.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology:
Research study on the Global Industrial Air Compressor Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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