- Opportunity and Forecast, 2016-2025
Air compressors are used for storing power that can be utilized for various tools and machines used in the construction sector. The air compressor manufacturers have invested in new production technology to make these devices more energy efficient, reliable, and environment-friendly as well as light-weight, portable, and low maintenance. The maximum air flow provided by air compressors is anticipated to help increase the tools and machinery efficiency.
Ease in handling air compressor devices, low cost of maintenance, and high reliability could contribute toward the market for these devices. In addition, technological advancements such as remote sensing are expected to supplement the market growth.
The global air compressor industry is segmented on the basis of technology, product, lubrication, application, and geography. By technology, it includes rotary, reciprocating, and centrifugal technology. Based on product, it is subsegmented into portable and stationary. On the basis of lubrication, the industry is either oil-free or oil-filled. Based on applications, it is divided into home appliances, oil & gas, food & beverage, energy, manufacturing, semiconductors & electronics, and healthcare. By geography, it is analyzed across North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Key manufacturers profiled in the report include Ingersoll-Rand, General Electric, Atlas Copco, Gardner Denver, Gast Manufacturing, GE Energy, Chicago Pneumatic, and Bauer Group. These key manufacturers have adopted strategies, such as collaborations, new product launches, partnerships, merger & acquisition, joint ventures, expansion, and others to consolidate their position in the global industry.
The global ginseng extract market accounted for $2,715 million in 2017 and is expected to reach $5,085 million by 2026, registering a CAGR of 7.2% from 2018 to 2026. Read More >>