In 2022, it is anticipated that the market for industrial air compressors will be worth US$33.3 billion. Industrial air compressor demand is expected to reach US$46.6 billion by 2032 due to the growing use in end-use industries, growing at a CAGR of 3.8% between 2022 and 2032.
Since their initial introduction, air compressors have become incredibly popular, and this trend is predicted to continue. The market for industrial air compressors is anticipated to expand steadily between 2021 and 2031 as a result of rapid industrialization and rising investments in mechanical equipment.
Future Market Insights, an ESOMAR-certified market research and consulting firm, provides information about the major factors influencing the demand for industrial air compressors in its latest study. The report analyses the effect COVID-19 has had on both the end use industries and the industrial air compressor industry, as well as tracking the global sales of industrial air compressors in 20+ high-growth markets.
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Key Takeaways from the Industrial Air Compressor Market Study
- Industrial air compressor market will register a CAGR of ~4.6% over the forecast period of 2021-2031
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