Air Compressor Market

Robert Thomas31 Jul, 2024Other

The global air compressor market size reached US$ 18.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032. The increasing industrial applications, emphasis on energy efficiency, growing adoption of automation and pneumatic systems, and significant advancements in IoT and smart technologies are some of the major factors propelling the market.