The Business Research Company’s Compressors Global Market Report 2020-30: Covid 19 Impact and Recovery. The report covers market size, key players, market share and trends to 2030.
Compressors Global Market Report 2020-30: Covid 19 Impact and Recovery is one of a series of new reports from The Business Research Company that provide Compressors market overviews, analyze and forecast market size and growth for the whole market, Compressors market segments and geographies, Compressors market trends, Compressors market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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The compressors market consists of sales of compressors and related services by entities that manufacture air or gas compressor machines. Compressors are used to compress air or gas in a non-leakage sealed chamber and release the air or gas at a desired pressure.
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The global compressors market is expected to grow from $39.3 billion in 2019 to $40.6 billion in 2020 at a compound annual growth rate (CAGR) of 3.6%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow at a CAGR of 4% from 2021 and reach $45.7 billion in 2023.
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