Industrial Air Compressor Market will register a CAGR of ~4.6% over the forecast period of 2021-2031 fmiblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fmiblog.com Daily Mail and Mail on Sunday newspapers.
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DUBAI, U.A.E., June 1, 2021 /PRNewswire/ -- The industrial air compressor market report by ESOMAR-certified consulting firm Future Market Insights' projects an expansion of over 4.6% CAGR through 2021. The market is anticipated to register high growth due to surging demand from diverse end-use industries such as oil & gas, automotive & transportation, and food & beverage.
With rapid industrialization and increasing investment in mechanical equipment, the demand for industrial air compressor within oil and gas industry is expected to witness steady growth over the forecast period.
Expansion of oil & gas industry across various regions such as the U.S., India, China and GCC countries will bolster the growth of industrial air compressor market. Demand for rotary type industrial air compressors from various end-use sectors such as oil & gas will foster the sales throughout the forecast period.