Global Compressor Rental Market is Rising Exponentially at a CAGR of 6.31% in the Forecast Period

Compressor Rental Market is growing at a CAGR of 6.31% and has reached USD 2.99 billion in 2016, owing to accelerating demand for enhanced rental air solutions to convene the needs of the industry which is driving the growth of the market in the forecast period of 2017 to 2024.

The rising application scope from oil & gas, mining, construction, power, chemical, manufacturing, and others will further cater various new opportunities for the compressor rental market in the above mentioned forecast period.

Compressor Rental Market Scenario

According to Data Bridge Market Research, the market for compressor rental is developing owing to certain parameters such as development of next generation air compressors, increasing demand of mining equipment along with the rising demand for compressor rental services in the chemical industry for transporting liquid below pressure. Some of the factors such as fluctuating cost of the raw material will act as the restraint for the compressor rental market in the forecast period of 2017 to 2024.

Now the question is which are the other regions that compressor rental market is targeting? Data Bridge Market Research has forecast North America to dominate the compressor rental market in the forecast period of 2017 to 2024.

For more analysis on the compressor rental market request for a briefing with our analysts

Compressor Rental Market Development

  • In July 2019, Atlas Coco has launched its series of five new advanced air compressors especially for the Indian market. This new series comprises screw air compressor, piston air compressor along with a site generator to convene the shifting industrial demand in India.

Compressor Rental Market Scope

Compressor rental market is segmented on the basis of countries into the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa.

  • All country based analysis of the compressor rental market is further analyzed based on maximum granularity into further segmentation. On the basis of compressor type, the compressor rental market is segmented into rotary screw and reciprocating. On the basis of drive type, the compressor rental market is segmented into electric driven compressor, gas driven compressor, engine driven compressor and hydraulic driven compressor. On the basis of lubrication system, the compressor rental market is segmented into oil lubricated and oil free. On the basis of end use, the compressor rental market is segmented into construction, mining, power, oil and gas, chemical and manufacturing.  
  • A compressor is a motorized device which is intended to boost pressure in numerous compressible fluids or gases with air. They are used across the industrial range, for a number of applications counting for gas impulsion through pipelines, phase shift refrigerants in air conditioning and other cooling systems, power coarse blast equipment, paint sprayers among others.

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Key Pointers Covered in the Compressor Rental Market Industry Trends and Forecast to 2024

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Aggreko
  • Atlas Copco AB
  • Caterpillar
  • Hertz Equipment Rental
  • Ingersoll-Rand plc
  • Sunbelt Rentals
  • United Rentals, Inc
  • Ashtead Group plc
  • Coates Hire

Above are the key players covered in the report to know about more and exhaustive list of compressor rental companies’’ contact us

Research Methodology of Global Compressor Rental Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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