Home > Industrial Machinery > HVAC > Compressor > Stationary Air Compressor Market
Stationary Air Compressor Market Size
- Report ID: GMI2586
- Published Date: Dec 2022
- Report Format: PDF
Stationary Air Compressor Market Size
Stationary Air Compressor Market size surpassed USD 68 billion in 2022 and is projected to register 3.5% CAGR from 2023 to 2032.
The soaring number of chemical and gas plants globally is foreseen to foster industry growth. Additionally, ongoing technological advancement in the market is also poised to bolster product adoption. Manufacturers are increasingly investing in rigorous R&D initiatives to produce new and better products. As a result of rising prices, energy-efficient air compressors are becoming more popular. These compressors now use substantially less energy to operate, which increases energy savings and lowers greenhouse gas emissions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Stationary Air Compressor Market Size in 2022: | USD 68.0 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3.6% |
| 2032 Value Projection: | USD 90 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 275 |
| Tables, Charts & Figures: | 264 |
| Segments covered: | Technology, Lubrication, Application, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Furthermore, an upsurge in the utilization of air compressors in the household appliances is anticipated to fuel stationary air compressor market growth. In the coming years, product uptake is likely to be significantly supported by the rising demand in this sector for various equipment, including air conditioners, refrigerators and so on, as well as improving living standards and hot weather in developing nations, such as China, India, Brazil, South Africa and Mexico.
Frequently Asked Questions (FAQ) :
Stationary Air Compressor Market Scope
