Air Compressor Market Global Sales Are Expected To Reach US$ 45 Billion by 2030
The Global Air Compressor Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The global air compressor market size was estimated to be US$ 32 billion in 2019 and expected to reach US$ 45 billion by 2030 at a CAGR of 3.2%. Air compressors consist of compressed air, and make use of the kinetic energy of this air to supply energy to various equipment, tools, and machines, across different industry verticals. The continuous compression provides assistance in transportation of fluids and gases, operation of pneumatically based machineries, production of petrochemical related products and cooling applications. As a result, air compressors have found a large scope of usage in different applications, such as for tool powering, dehydration, vacuum packaging, air blowing, spray painting, cleaning, and medical equipment.
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