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NEW YORK, May 12, 2021 /PRNewswire/
The global air compressors market by product (stationary air compressor and portable air compressor) and geography (APAC, North America, Europe, South America, and MEA) has been added to Technavio s offering. The global air compressors market is expected to grow by USD 6.93 billion, at a CAGR of almost 4% during 2021-2025.
Technavio has announced its latest market research report titled Air Compressors Market by Product and Geography - Forecast and Analysis 2021-2025
The outbreak of COVID-19 negatively impacted the air compressor market in 2020. Also, the rise in the number of COVID-19 cases due to the second wave of the outbreak has resulted in partial lockdowns in several countries. As a result, most non-essential and non-urgent industrial operations are closed temporarily. This has subsequently decreased investments in the oil and gas industry, which is expected to have an impact on the growth of the air compressors mark