Energia
Increasing Application of Industrial Air Compressor in Oil & Gas Industry to Bolster the Market Growth: Future Market Insights Study
Expansion of oil & gas industry across various regions such as the U.S., India , China and GCC countries will bolster the growth of industrial air compressor market. Demand for rotary type industrial air compressors from various end-use sectors such as oil & gas will foster the sales throughout the forecast period.
Increasing investment for the expansion of oil & gas industry across the Middle East & Africa region is giving a boost to the demand of the industrial air compressor market. Extensive application of industrial air compressor in oil & gas pipelines across India , China , Russia and others is creating wide growth opportunities for the leading market players.
Increasing focus in the investment for brownfield & greenfield projects, coupled with enhanced research & development activities for sustainable solutions are providing ample of opportunities for the market players. As per FMI's analysis, the industrial air compressor market will surpass the valuation of US$ 26.7 billion in 2021.
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According to FMI, the market is highly consolidated, in which leading players are accounted for over of the market share. Key manufacturers are focusing on offering customized solutions to appropriate end-use industries. Product innovation and adoption of high-end technology are also the strategies adopted by some large-scale and mid-scale manufacturers.
Some of the key players profiled by Future Market Insights include:
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In its latest report, FMI offers an unbiased analysis of the global industrial air compressor market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of:
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