border pipeline networks being planned for oil & gas transportation which would also drive the compressor market. The industrial air compressor market is driven by the rapid industrialization of emerging economies such as China, Saudi Arabia, India, South Africa, and other South Asian countries. Furthermore, the demand for advanced and efficient compressors has boosted the demand for air compressors in several manufacturing industries.
Asia-Pacific industrial air compressor market to witness the highest growth from 2016 to 2021
The report covers five major regions namely, Asia-Pacific, Europe, the Middle East and Africa, North America, and South America. The Asia-Pacific region is expected to witness high growth in the power generation, manufacturing, and food & beverages industries from 2016 to 2021. Moreover, new policies for improved product quality by ISO( International Standardization Organization) are likely to boost demand for air compressors.
The report also provides an in-depth analysis of the competitive landscape, along with profiles of leading industrial air compressor market players such as Atlas Copco AB( Sweden), Mitsubishi Heavy Industries, Ltd.( Japan), Ingersoll-Rand plc( Ireland), Hitachi Ltd( Japan), and MAN SE( Germany). Key players are trying to penetrate emerging markets, and are adopting various strategies such as contracts and agreements, expansions, mergers & acquisitions, and new product launches to increase their market share.
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