India Industrial Air Compressor Market Trends, Size, Forecast - 2020-2026


Posted August 12, 2020 by pooja1919

India industrial air compressor market is estimated to grow modestly at a CAGR of around 6.2% during the forecast period.

 
India industrial air compressor market is estimated to grow modestly at a CAGR of around 6.2% during the forecast period. This growth can be attributed to the cohesive government policies in the country to promote the manufacturing industry of India. India is continuously working towards positioning itself as a major country in technological development and industrialization. The industrial manufacturing of electrical and metal products, cement, building and construction material, machinery and equipment, rubber, and plastic products, and so on offers a major contribution towards the Indian economy.

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According to the India Brand Equity Foundation (IBEF), the cumulative Foreign Direct Investment (FDI) in India’s manufacturing sector reached nearly $91.2 billion during April 2000-June 2019. Cohesive government initiatives such as “Make in India”, huge FDI inflow, and significant efforts of major manufacturing companies such as GE Healthcare, Siemens AG, HTC, Toshiba Corp., and Boeing AG to set up their manufacturing plants in India, is further anticipated to contribute towards the growth of the industrial air compressor market in the country.

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India Industrial Air Compressor Market Segmentation

By Type

Portable

Stationary

By Technology

Dynamic Displacement Compressors

Axial Flow Air Compressors

Centrifugal Compressors

Positive Displacement Compressors

Rotary Air Compressors

Reciprocating Compressors

By End-User

Food & Beverages

Oil & Gas

Energy and Power

Manufacturing

Automotive

Others (Construction and Mining)

Company Profiles

Atlas Copco AB

BAC Compressors

BAUER COMPRESSORS INC.

Curtis-Toledo, Inc

ELGi Equipments Ltd.

General Electric Co.

Hitachi Ltd.

Indo-Air Compressors Pvt. Ltd.

Kirloskar Pneumatic Co. Ltd.

Siemens AG

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Issued By Mr. Anurag Tiwari
Country India
Categories Business
Last Updated August 12, 2020