Global Compressors Market 2022-2028
A compressor is a device that increases the pressure of a substance (usually a gas) by reducing the volume of the substance. Compressors are used in many applications, most of which involve increasing the pressure inside a gas storage container, such as: compression of gases in petroleum refineries, power generation, and chemical plants. Gen Consulting Company estimates the global compressors market will total USD 43,698 million by 2028, an average annual growth of 3.7 percent during the forecast period, according to the latest edition of the Global Compressors Market Report.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global compressors market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the compressors industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, seal type, portability, end user, and region. The global market for compressors can be segmented by product: positive displacement, dynamic displacement. The positive displacement segment was the largest contributor to the global compressors market in 2021. Compressors market is further segmented by seal type: lubricated compressors, oil-free compressors. Based on portability, the compressors market is segmented into: stationary compressors, portable compressors. On the basis of end user, the compressors market also can be divided into: oil and gas, building and construction, chemicals and petrochemical, manufacturing, power, others. Compressors market by region is categorized into: North America, Asia Pacific, Europe, Rest of the World (ROW).
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