Semiconductors & Electronics Industry Air Compressor Market Insights, 2024
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Air Compressor Market Share , Size , Analysis , Growth , Trends and Forecasts , 2016 to 2024 | Hexa Research
The global air compressor market is projected to be worth USD 41 billion by 2024 with a CAGR of over 4 % during the forecast period ( from 2016 to 2024 ). The air compressors act as trustworthy power sources for tools and machines in the building & construction industry as well as for several other industrial applications . The rising costs if raw materials are likely to impact the market price trend directly .
Rising power efficiency measures are also estimated to boost the global market and propel the product development initiatives . Various advantages like low maintenance and ease of handling are likely to positively impact the market for portable air compressors . The global market is divided into technologies , products , lubrications , applications , and regions .