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China air compressor market: 15% CAGR expected between 2012-2016

Press Release   •   Aug 08, 2013 14:20 BST

The China Air Compressor market is to grow at a CAGR of 14.84 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need for energy efficient compressors. The Air Compressor market in China has also been witnessing the development of application-specific compressors. However, the rising price of raw materials could pose a challenge to the growth of this market.

One of the main trends witnessed in the Air Compressor market in China is the rapid technological advancements. Many vendors in the Air Compressor market in China are developing advanced and next-generation air compressors with the latest technological advancements. For instance, the vendors are developing air compressors with high-quality compressed air systems in order to differentiate their products in the competitive business environment. In addition, the market is witnessing several other technological developments in air compressors such as clean air technology, noise-free operations, and easy portability. Thus, the rapid technological advancements are a new trend that is seen to have a positive impact on the growth of the market.

One of the main factors driving the market is the need for continuous productivity. Compressors have become necessary equipment across several industries in order to enable effective and faster results. The compressors are used across industries in powering other tools and equipment, thereby enhancing their efficiencies. Compressors are used in various equipment and machinery such as air conditioners, refrigerators, air pumps, industrial refrigerators, and for the transportation of oil and gases. Moreover, industrial compressors are highly powerful and more reliable. Compressors are used to enhance the productivity of industrial manufacturing processes. Thus, the need for increased productivity is a growth driver for the Air Compressor market in China.

For more information on the China air compressor market, please click here: China air compressor market

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