Industrial Air Compressor Market | Page 4

Global Non-Volatile Memory Market Research Report: Forecast to 2023
Regional Analysis
The regional segmentation of the global industrial air compressor market segments the market into the regional
markets known as North America, South America, Asia Pacific, Europe, and the Middle East & Africa (MEA).
During the forecast period, the Asia Pacific region is expected to hold the largest share due to the expansion of
regasification plants as well as liquefaction plants, along with the rising industrialization in this region. In this
region, positive displacement is expected to dominate the market. Important country-specific markets in the Asia
Pacific region are Australia, China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
The MEA region has been anticipated to emerge as the fastest growing market during the forecast period due to
the presence of many reservoirs in this region. Another factor contributing to the market growth in this region is the
rising demand for air compressors in various manufacturing industries. The critical country-specific markets in this
region are Saudi Arabia, South Africa, and the UAE, followed by the remaining countries of the MEA region.
In North America and Europe, the market is significant due to the presence of gasification plants, liquefaction
plants, technological advancement, established industries, and the presence of many key market players. In North
America, the most important country-specific markets are USA, Canada, and Mexico. In Europe, such markets are
France, Germany, Russia, and the UK, followed by the remaining countries of Europe.
Compared to North America, the market in South America is smaller because the purchasing power of people is
low. The two most important country-specific markets in this region are Argentina and Brazil, followed by the
remaining countries of South America.
Industry/ Innovations/ Related News
• Sulzer and Tamturbo are joining hands to bring the benefits of high-speed technology in air compression to
users that need intrinsically safe oil-free air. 7 MAR 2019
• Allmand Bros. Inc. introduced new portable air compressor and generator models at ARA Show 2019 in
Anaheim, California. 18 FEB 2019
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