The global air compressor market is expected to reach USD 37.18 billion by 2022, according to a new report by Grand View Research, Inc. Increasing industrialization and growing awareness on energy saving has led to advancements in compressor technology. Advent of energy efficient air compressors, facilitating the gas transfer process for various non-industrial and industrial activities is projected to drive growth over the forecast period. This advancement in technology would limit the noise generation and air contamination, thereby leading to higher adoption in construction activities in developing markets over the forecast period. Growing replacement demand is anticipated to be a substantial driver for the rotary equipment industry, as aged equipment undergoes part replacements, retrofits, overhaul or complete substitution with improved technology.
http://www.grandviewresearch.com/industry-analysis/air-compressor-market
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