Latest News- Compressors Market: Oil and gas is expected to lead the End-user segment during 2025-2029

The Compressors Market is being driven by Increasing adoption of compressors in various industries

The Compressors Market is expected to grow at a CAGR of 2.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 12282.7 million. In the compressor market, oil-free compressors have experienced substantial growth due to their ability to provide contamination-free air, essential for applications in the cleanroom environment. These compressors eliminate the risk of product contamination by not utilizing oil for rotor sealing or compressed air cooling. Instead, they employ cooling water circulated through specialized pockets within the compressor casing. The strict quality standards in industries such as pharmaceuticals, electronics, and electrical manufacturing, particularly those requiring Class 0-certified compressors, have fueled the demand for oil-free compressors. Consequently, oil-free compressors have become indispensable in the production of high-quality, reliable electronic and medical devices by preventing the intrusion of dirt and dust particles into product surfaces. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Oil and gas
  • Process industry
  • Discrete industry
• Type
  • Positive displacement
  • Dynamic
• Technology
  • Oil-lubricated
  • Oil-free
• Product Type
  • Medium-pressure
  • Low-pressure
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing adoption of compressors in various industries
• Expansion of oil terminals
• Growing need for energy-efficient compressors

However, the market also witnesses some limitations, which are as follows:

• High cost hinders the adoption of new technology
• Volatility in oil and gas prices
• Fluctuating prices of raw materials

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Market Scope in Compressors Market Research Report

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Research Analysis Overview

The compressor market encompasses various aspects of compressor technology, innovation, design, and performance. Key considerations include compressor lifecycle costs, reliability, installation, integration, optimization, service, repair, and replacement. Compressor parts, accessories, filters, dryers, piping, valves, controls, sensors, software, automation, monitoring, data analytics, predictive maintenance, safety standards, regulations, certification, and industry trends are integral components of the compressor market dynamics.

Market Research Overview

The compressors segment, a significant part of the larger industrial machinery and supplies and components market, encompasses manufacturers of reciprocating compressors, screw compressors, scroll compressors, centrifugal compressors, and rotary vane compressors. This market's size is determined by the consolidated revenue generated by these entities supplying machinery and components for industrial applications, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. The global industrial machinery, supplies and components market expansion is primarily influenced by the increasing industrial output in process and discrete industries, driven by the growing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing economies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/