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/PRNewswire/ A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled.
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- Rapid infrastructure development in developing economies will accelerate the compressor oil market demand.
DUBAI, UAE, June 16, 2021 /PRNewswire/ The global compressor oil market is expected to reach a valuation of US$ 26.7 Bn in 2021, according to a study by Future Market Insights (FMI). The overall compressor oil market is expected to follow positive growth trajectory, expanding at a CAGR of 4.6% for forecast period of 2021- 2031.
Spike in consumer power requirements and increasing focus on sustainable electricity production have fueled the demand for compressors in oil & gas and other industries. Rapid urbanization and growing middle class population around the world will create novel growth opportunities for compressor oil market.