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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.
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