Air Compressor Market - Forecast(2021 - 2026)
Air Compressor Market Overview: According to the World LPG Association (WLPGA) annual report 2017, annually LPG production across the world surpassed 300 million tonnes and grew by 5.75% in the year 2017. This statistic is reflective of the increasing consumption of LPGs worldwide and to accomplish this huge demand, air compressors play a major role in filling the gas cylinders which is ultimately delivered to the intended customers. Air compressors help convert the kinetic energy of several systems and machinery whereby it is enhancing their working. With a wide range of application in pneumatic and abrasive weeding systems, farming utilities, spray painting guns, jackhammers, and many others, the air compressor market is growing gradually. Owing to the large scale utility in the household work and industrial sector coupled with rising demand for air conditioners, the global air compressor market is experiencing a lucrative outcome which stood at $19.2 billion in the year 2018. With t