The Global Compressor Rental Market accounted for USD 2.99 billion in 2016 and is projected to grow at a CAGR of 6.31% during the forecast to 2024.
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Global Compressor Rental Market By Compressor Type (Rotary Screw, Reciprocating), Drive Type (Electric Driven Compressor, Gas Driven Compressor, Engine Driven Compressor, Hydraulic Driven Compressor), Lubrication System (Oil Lubricated, Oil Free), End Use (Construction, Mining, Power, Oil & Gas, Chemical, Manufacturing) – Industry Trends and Forecast to 2024
Competitive Landscape: The global compressor rental market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market
Major Market Drivers:
- Increasing demand for improved rental air solutions
- Rising demand of mining equipment
- Growth of next generation air compressors
- Volatility in the prices of raw material
Table of Contents
Major Topics Covered:
Premium Market Trends
Value Chain Analysis
Market Attractiveness Analysis
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On the basis of compressor type, global compressor rental market is segmented into rotary screw and reciprocating. Rotary screw segments are sub segmented into rotary vane, screw and scroll.
On the basis of drive type, global 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, global compressor rental market is segmented into oil lubricated and oil free.
On the basis of end use, global compressor rental market is segmented into construction, mining, power, oil and gas, chemical and manufacturing.
On the basis of geography, global compressor rental market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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