Compressor Market Outlook With Future Trends and Regional Analysis by 2023
Compressor market is expected to reach $45.7 billion by 2023 and exhibiting a CAGR of 3.5% during the forecast period. The rising demand for energy efficient systems, rapid industrialization, and growing automotive industry in developing countries such as China and India some of the major factors pushing the market growth. Request for a free sample copy of this research report @ https://www.psmarketresearch.com/market-analysis/compressor-market/report-sample Based on compressor type, the market is categorized into positive displacement and dynamic compressors. Positive displacement category held a larger market share in 2017. This is ascribed to its widespread adoption across small and medium scale industries. Positive displacement compressors offer various advantages such as high-pressure ratio for relatively small size, higher efficiency and lower cost. On the basis of application, the compressor market is segmented into construction, power, industrial manufacturin...