Global Piston Compressor market will reach 7700 million US$ by the end of 2025
Published Date: 2019/7/24
For industry structure analysis, the Piston Compressor industry is not concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 55.31 % of the revenue market. Regionally, North America is the biggest production value area of valves, also the leader in the whole Piston Compressor industry.
The production of Piston Compressor increased from 21787 units in 2013 to 23028 units in 2017 with an average growth rate of 1.46%.
North America occupied 27.48% of the production market in 2017. It is followed by China and Europe, which respectively account for around 24.93% and 21.30% of the global total industry. Other countries have a smaller amount of production. Geographically, North America was the largest consumption market in the world, which took about 25.24% of the global consumption volume in 2017.
The Piston Compressor market was valued at 6250 Million US$ in 2018 and is projected to reach 7700 Million US$ by 2025, at a CAGR of 3.0% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Piston Compressor.
For price trend analysis, a key variable in the performance of Piston Compressor producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
For forecast, the global Piston Compressor revenue would keep increasing with annual growth rate with 2~5%. We tend to believe that this industry still has a good future, considering the current demand of Piston Compressor.
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