Air Compressors Market Size to Grow by $ 6.93 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the air compressors market and it is expected to grow by $ 6.93 bn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Air Compressors Market: Emerging Trends to Impact Market Growth

APAC has been recording significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. One of the key factors driving the growth in APAC is the surge in HVAC installations. 50% of the market growth will originate from APAC, with China and Japan being the key markets for air compressors in the region.This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Air Compressors Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Atlas Copco AB, Deere & Co., Doosan Portable Power Co., General Electric Co., Hitachi Ltd., Ingersoll Rand Inc, KAESER KOMPRESSOREN SE, Kobe Steel Ltd., Mitsubishi Heavy Industries Ltd., and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 4%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 6.93 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Increased adoption of variable speed controllers will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   50% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Atlas Copco AB, Deere & Co., Doosan Portable Power Co., General Electric Co., Hitachi Ltd., Ingersoll Rand Inc, KAESER KOMPRESSOREN SE, Kobe Steel Ltd., Mitsubishi Heavy Industries Ltd., and Siemens AG
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Stationary air compressor and Portable air compressor) and Geography (APAC, North America, Europe, South America, and MEA)