Global Air Compressors Market 2020-2024
Technavio has been monitoring the air compressors market and it is poised to grow by $ 7.22 bn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on air compressors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increased adoption of variable speed controllers and shift to more energy-efficient compressors.
The air compressors market analysis includes product segment and geographic landscape.
Technavio's air compressors market is segmented as below:
- Stationary air compressor
- Portable air compressor
By Geography landscapes
- North America
- South America
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.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our air compressors market covers the following areas:
- Air compressors market sizing
- Air compressors market forecast
- Air compressors market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading air compressors market vendors that include 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. Also, the air compressors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.