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Increasing investments in mechanical equipment will pave the way for the expansion of the industrial air compressor market in the coming years. As per a Future Market Insights (FMI) analysis, the industrial air compressor market is projected to be valued at ~US$ 26.7 Bn in 2021.
Manufacturers of industrial air compressors are focusing on the development of digitally controlled systems such as compression solutions with automation and digitalization. This in turn is expected to create positive growth prospects for the growth in demand for industrial air compressors.
Also, the consistently rising demand from the oil and gas sector will remain a key growth driver. According to the report, both the oil & gas and automotive & transportation industries will account for maximum sales in the market through the forecast period. Expansion of these industries will therefore present attractive opportunities for growth in the near future.
https://www.futuremarketinsights.com/reports/sample/rep-gb-2885
The ongoing crisis caused by the COVID-19 pandemic has caused a severe impact on the global economy. It has resulted in the complete shutdown of the supply chain networks and manufacturing activities. This has subsequently affected the industrial air compressor market, causing a significant drop in its growth. However, the industrial air compressor market is expected to recover as economic activity resumes following the containment of the pandemic.
Key Takeaways from the Industrial Air Compressor Market Study
The industrial air compressor market is expected to be a high-opportunity market in the forecast period owing to increasing demand from various manufacturing and production industries as well as investments in oil & gas and power generation sectors, which are expected to drive the demand through the forecast period. Moreover, manufacturers are emphasizing developing digitalized and customized products as per customer demand along with improved technology, life cycle, higher efficiency, and less maintenance cost. These factors are expected to positively influence growth in demand for industrial air compressors during the forecast period.
The industrial air compressor market is highly consolidated, in which the leading players account for more than three-fourths of the market share. The penetration of small regional players makes this market more competitive. Some of the key players in the market are Atlas Copco, Baker Hughes, Anest Iwata Corporation, General Electric, Hitachi Industrial Equipment Systems Co., Ingersoll Rand, Burckhardt, MAN SE, Siemens Energy AG, Ariel Corp., and Bauer Kompressoren GmbH, among others. These players have higher shares in the global market, and have longstanding relationships with a number of end-users, giving them an upper hand over their peers.
The research report analyzes the market demand trends for the subsea multiphase flowmeters. The global market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of the subsea multiphase flowmeter. As per Future Market Insights’ research scope, the subsea multiphase flowmeter market has been studied and segmented on the basis of pipe size, application, construction material, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market on both, the supply-side and demand side.
https://www.futuremarketinsights.com/toc/rep-gb-2885
Industrial Air Compressor Market by Category
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End-Use over the next 10-years.
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The post Demand for Industrial Air Compressor Market | U.K , Japan ,China ,Germany and France appeared first on Future Market Insights.
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