Industrial air compressor Market Growth by 2030 Driven by Decreasing Infant Mortality Rate
The global industrial air compressor market size is expected to reach USD 53.88 Billion in 2030 and register a revenue CAGR of 4.4% over the forecast period, according to the latest report by Reports and Data. Increasing investments in energy-efficient technologies for use in various industrial operations is driving industrial air compressor market revenue growth. Industrial air compressors are powerful and highly efficient compressors that produce power of over 100 Pound-Force Per Square Inch (PSI) and 200 Horsepower (HP). These compressors consist of powerful motors and sturdy components, thereby enabling them to operate at much higher-pressure levels than other commercially used compressors. Air compressors used for industrial applications include centrifugal, scroll, and turbo air compressors, which perform several critical industrial tasks, such as powering pneumatic tools in manufacturing plants, to support critical operations in oil fields. Rising demand for efficient manufac