Data Bridge Market Research analyses that the stationary air compressor market will witness a CAGR of 5.1% for the forecast period of 2022-2029 and is likely to reach at USD 65,162 million by 2029.
Air compressor is a gas device that converts power (using an electrical motor, diesel or internal-combustion engine,) into mechanical energy hold on in controlled air.
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The increasing focus on energy efficiency is the major factor accelerating the growth of the stationary air compressor market. Furthermore, increased demand for services and monitoring of compressed air installations, energy recovery, and reduction of CO2 emissions are also expected to drive the growth of the stationary air compressor market. However, growing number of gas compressor stations has led to increasing concerns around air quality and it will restrains the stationary air compressor market, whereas, high cost of installation and maintenance for the equipment will challenge market growth.
Competitive Landscape and Stationary Air Compressor Market Share Analysis
The stationary air compressor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to stationary air compressor market.
Some of the major players operating in the stationary air compressor market report are Shell, Exxon Mobil Corporation, BP p.l.c., Chevron Corporation, Total, China Petrochemical Corporation, LUKOIL, Indian Oil Corporation Ltd, FUCHS, Idemitsu Kosan Co. Ltd., Petroliam Nasional Berhad (PETRONAS) (20076-K), Dow, Croda International Plc, SASOL, Phillips 66 Company, Calumet Branded Products, LLC, Morris Lubricants, Penrite Oil, Valvoline LLC, LIQUI MOLY GmbH, Bharat Petroleum Corporation Limited, Amalie Oil Company among other.
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Global Stationary Air Compressor Market Scope and Market Size
The stationary air compressor market is segmented on the basis of technology, lubrication method, power rating and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of lubrication method, the stationary air compressor market is segmented into oiled, and oil-free.
- On the basis of technology, the stationary air compressor market is segmented into reciprocating, rotary, and centrifugal.
- On the basis of power rating, the stationary air compressor market is segmented into0-100 kW, 101-300 kW, 301-500 kW, and 501 kW and above.
- On the basis of end-user, the stationary air compressor market is segmented into food and beverage, oil and gas, manufacturing, power generation, medical, and others.
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