Compressors Market | Industry Analysis, Size, Share, Trends, Growth and Forecast 2024 – 2033 | Atlas Copco AB, Mitsubishi Heavy Industries Ltd., Baker Hughes Co., Ingersoll Rand Inc., Siemens Energy AGce Group Ltd.

Overview and Scope
Compressor is a device that provides power by increasing the pressure of a substance and reducing the volume. They are used for industrial and home needs.

Sizing and Forecast
The compressors market size has grown steadily in recent years. It will grow from $109.95 billion in 2023 to $113.62 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, innovative manufacturing infrastructure of modern systems, an increased automobile production and a growing number of food processing units.

The compressors market size is expected to see steady growth in the next few years. It will grow to $129.26 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to 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. Major trends in the forecast period include focus on innovative product launches, mergers and acquisitions, oil-free screw compressors, technology advancements, partnerships and collaborations, new facility expansions, increasing investments and rotary screw compressors.

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Segmentation & Regional Insights
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

The Asia-Pacific was the largest region in the compressors market share in 2023. North America was the second largest region in the global compressors market. The regions covered in the compressors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing applications of compressors in the power industry are one of the key drivers for the compressors market. This is mainly due to the rising global population which has led to an increase in the demand for electricity and other power resources to carry out day-to-day activities. In this regard, companies in the compressors market are offering compressors for the power industry. For instance, Atlas CopCo., MAN Turbo, and Gardner Denver are some of the compressor manufacturers that offer compressors for power generation applications.

Key Industry Players
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

The compressors market report table of contents includes:

1. Executive Summary

2. Compressors Market Characteristics

3. Compressors Market Trends And Strategies

4. Compressors Market – Macro Economic Scenario

5. Global Compressors Market Size and Growth

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32. Global Compressors Market Competitive Benchmarking

33. Global Compressors Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Compressors Market

35. Compressors Market Future Outlook and Potential Analysis

36. Appendix