India Industrial Air Compressor Market Trends, Size, Forecast - 2020-2026
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
Dynamic Displacement Compressors
Axial Flow Air Compressors
Positive Displacement Compressors
Rotary Air Compressors
Food & Beverages
Oil & Gas
Energy and Power
Others (Construction and Mining)
Atlas Copco AB
BAUER COMPRESSORS INC.
ELGi Equipments Ltd.
General Electric Co.
Indo-Air Compressors Pvt. Ltd.
Kirloskar Pneumatic Co. Ltd.
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