Compressor is a device that provides power by increasing the pressure of a substance and reducing the volume. They are used for industrial and home needs. The main types of compressors are air compressors and gas compressors. The compressors are classified by positive displacement and centrifugal with different power ratings like 0-100 kW, 101-300 kW, 301-500 kW, and 500 kW above that are applied in construction, power, industrial manufacturing, HVAC-R, chemical and cement, oil and gas, automotive, food and beverage, and textile sectors. The compressors market research report is one of a series of new reports from The Business Research Company that provides compressors market statistics, including compressors industry global market size, regional shares, competitors with a compressors market share, detailed compressors market segments, market trends, and opportunities, and any further data you may need to thrive in the compressors industry. This compressors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global compressors market size will grow from $122.57 billion in 2022 to $125.75 billion in 2023 at a compound annual growth rate (CAGR) of 2.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global compressors market size is expected to grow to $140.49 billion in 2027 at a CAGR of 2.8%. The increasing applications of compressors in the power industry are one of the key drivers for the compressors market. This is mainly due to the rising global population which has led to an increase in the demand for electricity and other power resources to carry out day-to-day activities. In this regard, companies in the compressors market are offering compressors for the power industry. For instance, Atlas CopCo., MAN Turbo, and Gardner Denver are some of the compressor manufacturers that offer compressors for power generation applications. The high maintenance cost of compressors is one of the major restraints on the compressors market. The maintenance of a compressor typically includes costs for repair including any leakages, changing the filter, and oiling. For example, the cost of oil required to operate an oil-lubricated compressor is around $3,000-$6,000 per year. Similarly, the disposal of condensate generated by the compressor can cost around $50,000 per year. Therefore, the maintenance costs involved in operating compressors continue to be an important restraint restricting the growth of the compressors market. The emergence of next-gen air compressors is an important trend in the compressors market. The next-generation air compressors are highly energy-efficient and eco-friendly and emit relatively lesser carbon emissions than the traditional compressors. For example, Kirloskar Pneumatic Co Ltd in association with Top Tag Trading Est (3T Group) launched a next-generation diesel portable compressor, which offers high power efficiency at a low cost of ownership. Similarly, compressor manufacturer Atlas Copco offers the GA VSD+ compressor which reduces energy consumption by 50%. Other companies in the compressors market such as Hitachi and Ingersoll Rand are also working towards power-efficient and low-maintenance air compressors. The compressor machine manufacturers must comply with the standards set by the American Society of Mechanical Engineers (ASME) in the making and testing of compressors. One such example is the ASME Standard EA-4-2008. This standard specifically focuses on the requirements of conducting and collecting the results of a compressed air system. The standard is set to avoid any kind of discrepancy in evaluating a compressor based on its energy assessments. ASME Standard EA-4-2008 provides a detailed yet scalable process that can be molded for each compressor manufacturing facility. Hence, regulations such as these would keep a check on companies involved in manufacturing and testing compressors. MR Organisation (MRO) Limited, a global producer, supplier, and one-stop solution provider of compressed air equipment, components, and kits headquartered in India has acquired Standard Air Limited (Standard Air) for an undisclosed amount. The acquisition will offer MRO the essential growth and global reach, indicating the company's sustained success. Standard Air Limited is a UK-based compressor company. Major players in the compressors market are Atlas, Ingersoll Rand, Siemens, Ebara, ELGI Equipment Ltd., Gardner Denver, Kirloskar, Kobe Steel, Mitsubishi Heavy Industries Ltd., and Sulzer AG. The Asia-Pacific was the largest region in the compressors market in 2022. North America was the second largest region in the global compressors market. The regions covered in the global compressors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the compressors market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The compressor market consists of sales of rotary screw compressor, centrifugal compressors, and reciprocating compressor. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global compressors market is segmented - 1) By Type: Air, Gas 2) By Compressor Type: Positive Displacement, Centrifugal 3) By Power Rating: 0-100 kW, 101-300 kW, 301-500 kW, 500 kW Above 4) By Appication: Construction, Power, Industrial Manufacturing, HVAC-R, Chemical & Cement, Oil & Gas, Automotive, Food & Beverage, Textile

The hydrogen compressor are hydrogen compressor devices that increase the pressure of hydrogen by decreasing gas volume. The compression in a hydrogen compressor is achieved by moving hydrogen through a compressor that decreases gas volume between the inlet and the discharge. The reduced volume results in compressed hydrogen or liquid hydrogen. The main products in the hydrogen compressor market are oil-free and oil-based. The oil-free market consists of the sale of oil-free hydrogen compressors by entities (organizations, sole proprietors, partnerships) which are intended to compress hydrogen, and the technology process does not require any oil vapours. The power ranges offered in hydrogen compressors include 0–100 HP and 101–200 HP and operate in either single-stage or multiple stages. These devices are used by end-users ranging from oil and gas to chemicals, utilities, refuelling stations, and others. The hydrogen compressor market research report is one of a series of new reports from The Business Research Company that provides hydrogen compressor market statistics, including hydrogen compressor industry global market size, regional shares, competitors with a hydrogen compressor market share, detailed hydrogen compressor market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen compressor industry. This hydrogen compressor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global hydrogen compressor market size grew from $1.81 billion in 2022 to $1.96 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The hydrogen compressor market size is expected to grow to $2.42 billion in 2027 at a CAGR of 5.4%. The increase in demand for hydrogen from end-use industries is expected to propel the growth of the hydrogen compressor market. The end-use sectors, such as household energy distribution companies, oil & gas, and power generation companies, are increasingly investing in new hydrogen distribution and generation plants to meet consumer demand and government measures towards environmental pollution. For instance, in 2020 in the UK, a groundbreaking hydrogen trial project (HyDeploy) is underway at Keele University for the next 7 million. And this pilot project is led by Cadent in partnership with Northern Gas Networks (NGN) in the UK as an injection of zero-carbon hydrogen into Keele University’s gas grid, which is feeding approximately 100 houses and 30 faculty buildings. Thus, the increase in demand for hydrogen from end-user industries is expected to boost the market for hydrogen compressors during the forecast period. Technological advancements are a key trend in gaining an advantage in the hydrogen compressor market. The key players in the hydrogen compressor market are focusing on developing hydrogen compressors with innovative technologies to meet the technical demands of end customers such as hydrogen fuel stations, power generation industries, and others. For instance, in November 2021, Burckhardt Compression AG, a Switzerland-based manufacturer of reciprocator compression systems, launched an oil-free hydrogen compression solution, designed for hydrogen trailer filling and fuel stations with higher mass flows. In November 2021, Fluitron Inc., a USA-based manufacturer of industrial gas compression units, acquired Bethlehem Hydrogen, a Pennsylvania-based provider of customer hydrogen compression, dispensing, and storage systems, for an undisclosed amount. The acquisition by Fluitron Inc. is focused on building a global entity focused on developing and commercialising hydrogen infrastructure solutions. Major players in the hydrogen compressor market are Atlas Copco AB, Burckhardt Compression AG, Fluitron, Inc., Gardner Denver Nash, LLC, Howden Group, HAUG Sauer Kompressoren AG, Neuman & Esser Group, Hydro-Pac, Inc., Lenhardt & Wagner GmbH, Ariel Corporation, PDC Machines, Inc., Mitsui E&S Holdings Co. Ltd., Siemens AG, Sundyne, and IDEX Corporation. Asia-Pacific was the largest region in the hydrogen compressor market in 2022. The regions covered in the hydrogen compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydrogen compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The hydrogen compressor market consists of sales of piping system, storage vessels, vacuum pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hydrogen compressor market is segmented - 1) By Type: Oil-free, Oil-based 2) By Technology: Single-Stage, Multi-Stage 3) By Power Range: Below 100 hp, 101 hp-200 hp 4) By End-User: Oil & Gas, Chemical, Utility, Refueling Stations, Other End-Users

The industrial air compressor is a device that utilizes an electric, diesel, or gas-powered engine to convert power to potential energy stored in pressurized air. It uses one or more reciprocating pistons to draw in air and compress it. The compressed air is then directed towards various tools such as jackhammers, paint sprayers, impact wrenches, and others. The main types of industrial air compressors are rotary air compressors, reciprocating air compressors, and centrifugal air compressors. Rotational air compressors are rotary positive displacement devices that can operate at high speeds over a wide range of pressures and flows. These are divided into positive displacement and dynamic displacement with a variety of seals such as oil-free seals and oil-lubricated seals. They can be used in several industries such as food and beverage, oil and gas, energy and mining, semiconductor and electronics, manufacturing, construction and municipal, pharmaceuticals, agriculture/farming. The industrial air compressor market research report is one of a series of new reports from The Business Research Company that provides industrial air compressor market statistics, including industrial air compressor industry global market size, regional shares, competitors with a industrial air compressor market share, detailed industrial air compressor market segments, market trends and opportunities, and any further data you may need to thrive in the industrial air compressor industry. This industrial air compressor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global industrial air compressor market size grew from $20.32 billion in 2022 to $21.35 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The industrial air compressor market size is expected to grow to $25.98 billion in 2027 at a CAGR of 5.0%. Increasing demand for energy-efficient air compressors is expected to propel the growth of the Industrial Air Compressor market. An industrial air compressor is a device that works in converting potential energy into compressed air form. This energy-efficient air compressor can create an advantage in the world of growing energy costs and increasing accessibility to energy-saving technologies in industrial sectors. For instance, according to the U.S. Department of Energy, on average 10 to 30% of all energy of the industrial facility is used by compressed air systems. Using energy-efficient air compressors in the industries can be improved 20% energy consumption in a better way. Thus, introducing energy-efficient air compressors in the industrial air compressor is a great step. Technological developments in the field of air compressors are shaping the industrial air compressor market. Companies that are into Industrial Air compressors are undergoing develop new technologies and products. For instance, in February 2021, CMC introduced the AIRMATICS Aero control system. CMC, an Italian-based manufacturer of air compressors that used to be applicable in the Industrial sector introduced the AIRMATICS Aero control system. They aim to reduce compressed air energy bills at the plant. by which they can save the business $500,721 kWh a year and can reduce the annual energy bill at the plant by $35,050, which includes Industrial Air Compressor, more sustainable and less expensive for manufacturers worldwide. In February 2020, Atlas Copco a Sweden-based industrial equipment company a global leader in the industrial equipment market manufactured various industrial equipment announced the acquisition of Dr. Gustav Gail Drucklufttechnik GmbH for undisclosed amounts. Due to this acquisition, Dr. Gustav Gail Drucklufttechnik GmbH will become part of Atlas Copco and works under Atlas Copco. With this acquisition, Atlas Copco will increase its service offering and get closer to the customers. Dr. Gustav Gail Drucklufttechnik GmbH is a southern part of a Cologne-based company that is known for leading a strong market presence in industrial equipment. Major players in the industrial air compressor market are Atlas Copco, Danfoss, Doosan Infracore, EBARA Corporation, Elgi Equipments Limited, Hitachi, Howden Group Ltd., Ingersoll-Rbd PLC., Kaeser Kompressoren, Inc., Kirloskar Pneumatics Co. Ltd., Kobe Steel, Baker Hughes, BOGE Kompressoren, Campbell Hausfeld, Coaire, Elloitt Group Ltd., FS-Curtis, Fusheng Group, Gardner Denver, and GE Oil and Gas. Asia-Pacific was the largest region in the industrial air compressor market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial air compressor report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the industrial air compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The industrial air compressor market consists of sales of rotary screw, vane and reciprocating air compressors, and axial and centrifugal compressors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global industrial air compressor market is segmented - 1) By Type: Rotary Air Compressors, Reciprocating Air Compressors, Centrifugal Air Compressors 2) By Product: Positive Displacement, Dynamic Displacement 3) By Seal: Oil-Free Seal, Oil-Lubricated Seal 4) By Application: Food And Beverage, Oil And Gas, Energy And Mining, Semiconductor And Electronics, Manufacturing, Construction And Municipal, Pharmaceuticals, Agriculture/Farming

The automotive electric HVAC compressor are used to avoid vehicle breakdowns and keep the cabin and battery pack cool to protect the battery from overheating. HVAC refers to automotive electric heating, ventilation, and air conditioning. These act as the heart of the cooling function in automotive vehicles. The main product types of automotive electric HVAC compressors are scroll, screw, swash and wobble. The scroll type of automotive electric HVAC compressor is used in vehicles due to its features such as fewer moving parts and lower torque variations. Scroll electric HVAC compressors refer to a specifically made compressor that operates in a circular movement rather than an up-and-down piston action. The various types of vehicles are passenger vehicles, light commercial vehicles (LCV), heavy commercial vehicles (HCV), and buses and coaches. The various cooling capacities include less than 20 CC, 20-40 CC, 40-60 CC, and more than 60 CC and involve several drivetrains such as plug-in hybrid electric vehicles (PHEV), battery electric vehicles (BEV), and hybrid electric vehicles (HEV). The automotive electric HVAC compressor market research report is one of a series of new reports from The Business Research Company that provides automotive electric HVAC compressor market statistics, including automotive electric HVAC compressor industry global market size, regional shares, competitors with an automotive electric HVAC compressor market share, detailed automotive electric HVAC compressor market segments, market trends and opportunities, and any further data you may need to thrive in the automotive electric HVAC compressor industry. This automotive electric HVAC compressor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global automotive electric hvac compressor market size grew from $10.98 billion in 2022 to $13.9 billion in 2023 at a compound annual growth rate (CAGR) of 26.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive electric hvac compressor market size is expected to grow to $32.2 billion in 2027 at a CAGR of 23.4%. The increasing adoption of electric vehicles (EVs) is expected to contribute to the growth of the automotive electric HVAC compressor market going forward. Electric vehicles refer to vehicles that use one or more electric motors as a means of propulsion that run on electricity. In electric vehicles, an electric HVAC compressor is required to cool not only the cabin but also other onboard electronics that tend to get hot. Therefore, the role of these compressors is expanding for electric vehicles and their production is increasing. For instance, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, 10 million electric cars were on the road globally in 2020, a 43% increase from 2019. Therefore, the increasing adoption of EVs is driving the growth of the automotive electric HVAC compressor market. Product innovations have emerged as the key trend gaining popularity in the automotive electric HVAC compressor market. Major companies in the market are focused on launching innovative products to meet consumer demand. For instance, in November 2021, Embraco, a Brazil-based manufacturer of compressors, launched a new compressor platform for refrigerators. The ES and FMS are two compressors launched by the Embraco. FMS is the small compressor at a height of 123 millimeters while MS is the bigger one. In June 2021, Hisense Group, a China-based provider of home electronics acquired Sanden Corporation for $ 195.6 million. The acquisition will help Hisense Group to expand into the automotive compressor markets. Sanden corporation is a Japan-based company that manufactures automotive electrical equipment. Major players in the automotive electric HVAC compressor market are Denso Corporation, Toyota Industries Corporation, Valeo SA, MAHLE GmbH, Robert Bosch GmbH, Highly Marelli Holdings Co. Ltd., Brose Fahrzeugteile SE & Co. KG, Borg Warner Inc., Hanon Systems, Aptiv PLC, Mitsubishi Heavy Industries Ltd., WABCO Vehicle Control Systems, Estra Automotive Systems Co. Ltd., Hella KGaA Hueck & Co., Merck KGaA, Subros Ltd., Michigan Automotive Compressor, Shanghai Highly Group Co Ltd., and Continental AG. Asia-Pacific was the largest region in the automotive electric HVAC compressor in 2022. Europe was the second largest region in the automotive electric HVAC compressor. The regions covered in the automotive electric HVAC compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive electric HVAC compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive electric HVAC compressor market consists of sales of rotary, centrifugal and reciprocating. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive electric hvac compressor market is segmented - 1) By Product Type: Scroll, Screw, Swash, Wobble 2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), Buses And Coaches 3) By Cooling Capacity: Less Than 20 CC, 20-40 CC, 40-60 CC, More Than 60 CC 4) By Drivetrain: Plug-In Hybrid Electric Vehicles (PHEV), Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV)

Air compressor filter & compressed air dryer refers to a filter used to filter impurities from atmospheric air including dust, oil and moisture, and harmful liquids to make compressed air viable for use. The main types of products in air compressor filters & compressed air dryers are compressed air dryers and compressed air filters. Air dryers are used in air compressors to remove moisture, and prevent condensate and rust problems from occurring in the compressors. The various applications involved are condensed water removal, oil removal, particulate removal, and others that are used for automotive, oil and gas, food and beverages, power generation, metals and machinery, pharmaceuticals, electronics, chemicals, and other industries verticals. The air compressor filter & compressed air dryer market research report is one of a series of new reports from The Business Research Company that provides air compressor filter & compressed air dryer market statistics, including air compressor filter & compressed air dryer industry global market size, regional shares, competitors with air compressor filter & compressed air dryer market share, detailed air compressor filter & compressed air dryer market segments, market trends, and opportunities, and any further data you may need to thrive in the air compressor filter & compressed air dryer industry. This air compressor filter & compressed air dryer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global air compressor filter & compressed air dryer market size grew from $3.45 billion in 2022 to $3.81 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The air compressor filter & compressed air dryer market size is expected to grow to $5.39 billion in 2027 at a CAGR of 9.1%. The increasing growth of the pharmaceutical industry is expected to propel the growth of the air compressor filter & compressed air dryer market going forward. The growth of the pharmaceutical industry refers to the discovery, development, and manufacture of drugs and medications by public and private organizations for the treatment of patients and its sales and marketing. In pharmaceutical and bio-pharmaceuticals manufacturing facilities, higher quality of air is required so that the final product should be free of oil, water, and microorganisms. To ensure the quality of the product manufacturers are investing hugely in air filters and dryers which shows a significant growth in the air compressor filter & compressed air dryer market. For instance, according to India Brand Equity Foundation, an India-based trust established by the Department of Commerce, the domestic pharmaceutical market in India was valued at USD 42 billion in 2021 and is projected to rise to USD 65 billion by 2024 and USD 120–130 billion by 2030. Also. the Indian pharmaceutical market saw a 13.9% growth in overall revenue in January 2022. Furthermore, according to Atradius Collections, a Germany-based full-service B2B debt collections firm, Germany produced 4.5% of the world's pharmaceuticals in 2020. Following a 5.2% increase in 2021, the value-added output of the pharmaceutical industry is predicted to increase by 4% in 2022 and by more than 2% in 2023. Therefore, the growth of the pharmaceutical industry is driving the air compressor filter & compressed air dryer market. Product innovations are the key trends gaining popularity in the air compressor filter & compressed air dryer market. Major companies operating in the healthcare industry are developing new technologies to sustain their position in the air compressor filter & compressed air dryer market. For in October 2020, MARK Compressors, a US-based compressor manufacturer, introduced a piston compressor range- the Ironwind series and the Bluewind series. The new products are highly engineered innovations to enhance productivity by reducing energy consumption and offering higher uptime and reliability. Additionally, this product are upgraded cooling system that keeps the heat emission with compact size the products are on wheels which makes them portable. In June 2021, Xebec Adsorption Inc., a Canada-based provider of clean energy solutions acquired Tiger Filtration for a deal amount of $12.8 million (£12.0 million). With this acquisition, Xebec would get access to a dependable and highly successful aftermarket manufacturing business for elements and filters. The R&D capabilities of Tiger Filtration would enable Xebec Adsorption Inc to diversify its product line to include filtering goods for renewable natural gas and hydrogen (RNG). Tiger Filtration is a UK-based manufacturer of a comprehensive range of high-quality air-compressed filters. Major players in the air compressor filter & compressed air dryer market are Beko Technologies GmbH, BOGE KOMPRESSOREN, Donaldson Company Inc., Ingersoll Rand, Kaeser Compressors Inc., Parker Hannifin Corporation, SPX Flow Inc., Sullair, Sullivan-Palatek Inc., Van Air Systems, Walker Filtration, Airfilter Engineering (AFE), Ing. Enea Mattei Spa, Mann+Hummel Gruppe, OMEGA AIR d.o.o. Ljubljana, Precision Filtration Products, and ZEKS Compressed Air Solutions. North America was the largest region in the air compressor filter & compressed air dryer market in 2022. The regions covered in the air compressor filter & compressed air dryer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the air compressor filter & compressed air dryer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The air compressor filter & compressed air dryer market consists of sales of components such as air filters, air dryer, equipment which are used in providing air compressor filter & compressed air dryer services such as removal of mists, vapor, and other contaminants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resale either further along the supply chain or as part of other products. The global air compressor filter and compressed air dryer market is segmented - 1) By Product Type: Compressed Air Dryers, Compressed Air Filters 2) By Application: Condensed Water Removal, Oil Removal, Particulate Removal, Other Applications 3) By Industry Vertical: Automotive, Oil and Gas, Food and Beverages, Power Generation, Metals and Machinery, Pharmaceuticals, Electronics, Chemicals, Other Industries

The engine, turbine, and power transmission equipment are machines including engine, turbine, and power transmission. The engine is used to move things, a turbine is used to convert rotational energy into usable work or energy and power transmission is used to transfer of mechanical energy from a prime mover to a driven machine. Commonly turbine equipment is used in the generation of electric power. The main types of engine, turbine and power transmission equipment are commercial internal combustion engines, turbine and turbine generator set units, mechanical power transmission equipment, speed changer, industrial high-speed drive, and gear. Internal combustion engines refer to the internal combustion engines that generate motive power and produce hot gas to drive a piston. The various cAsia-Pacificity includes small, medium, and large. The various end-users involved are automotive, manufacturing, industrial, and other end-users. The engine, turbine, and power transmission equipment market research report are one of a series of new reports from The Business Research Company that provides engine, turbine, and power transmission equipment market statistics, including engine, turbine, and power transmission equipment industry global market size, regional shares, competitors with an engine, turbine, and power transmission equipment market share, detailed engine, turbine, and power transmission equipment market segments, market trends and opportunities, and any further data you may need to thrive in the engine, turbine, and power transmission equipment industry. This engine, turbine, and power transmission equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global engine, turbine, and power transmission equipment market grew from $571.79 billion in 2022 to $621.6 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The engine, turbine, and power transmission equipment market is expected to grow to $837.61 billion in 2027 at a CAGR of 7.7%. The engine, turbine, and power transmission equipment manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the engine, turbine, and power transmission equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the engine, turbine, and power transmission equipment manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Gas turbine and power generation equipment manufacturers are adopting modular turbine designs to reduce onsite work and offer short installation times. The modular turbine design is prefabricated electricity-generating equipment in a factory, packaged to reduce the timeline to construct a power plant. They are reliable and low-cost equipment to reduce construction, design, installation, and delivery times. These modular designs can be prefabricated and delivered not only in gas turbines, but also in other components of power plants such as engine modules, fuel delivery systems, emissions control equipment, heat recovery steam generator (HRSG) modules, generators, pipe racks, and other auxiliary systems. Major companies providing modular turbine designs are VESTAS, ENERCON, and GE. For instance, in July 2022, WEG launched a 7 MW wind turbine and a 172 meters rotor diameter for improving output for wind generation projects. With its Medium-Speed Geared (MSG) drive technology and full power drive, the unit can seamlessly interconnect with the electrical grid. Additionally, the new design includes modular components, such as a taller tower, to simplify logistics operations and provide an easier assembly concept . Major companies in the engine, turbine, and power transmission equipment market include Caterpillar Inc., Vestas Wind Systems A/S, Mitsubishi Heavy Industries Ltd., Siemens AG, Goldwind, Doosan Heavy Industries & Construction Co. Ltd., SKF Group, Baker Hughes Co, Cummins Inc., and Nordex SE. The Asia-Pacific was the largest region in the engine, turbine, and power transmission equipment market in 2022. Western Europe was the second largest region in the engine, turbine, and power transmission equipment market The regions covered in the engine, turbine, and power transmission equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the engine, turbine, and power transmission equipment market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The engine, turbine, and power transmission equipment market consist of sales of equipment including turbines, equipment for power transmission, and internal combustion engines (except the automotive gasoline and aircraft), among others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global engine, turbine, and power transmission equipment market is segmented - 1) By Type: Commercial Internal Combustion Engines, Turbine And Turbine Generator Set Units, Mechanical Power Transmission Equipment, Speed Changer, Industrial High-Speed Drive, And Gear 2) By Capacity: Small, Medium, Large 3) By End-Users: Automotive, Manufacturing, Industrial, Other End-Users Subsegments Covered: Diesel Powered Internal Combustion Engines, Gasoline Powered Internal Combustion Engines, Natural Gas Powered Internal Combustion Engines, Other Powered Internal Combustion Engines, Steam And Gas Turbine, Wind Turbine, Hydro Turbine, Plain Bearings, Joints, Clutches, Couplings, Pulleys, Chains And Sprockets, Other Mechanical Power Transmission Equipment

Machine shops, turned product, screw, nut, and bolt refer to a type of machine precision turned and metal fabricated products that are designed for machinery and equipment on a customized basis for the assembling of parts of machines, including engines, gears, and other parts. The main types of machine shops turned product, screw, nut, and bolt are turned product and screw, nut, bolt, and machine shops. Machine shops refer to a workshop in which metal and other substances are cut, shaped, etc., by machine tools. The grades are GR 5.8, GR 8.8, GR10.9, GR 12.9, and other grades. The various applications involved construction, petrochemical, heavy machine equipment, automotive, aerospace, home appliances, motors and pumps, furniture, plumbing products, and other applications. The machine shops, turned product, and screw, nut, and bolt market research report is one of a series of new reports from The Business Research Company that provides machine shops, turned product, and screw, nut, and bolt market statistics, including machine shops, turned product, and screw, nut, and bolt industry global market size, regional shares, competitors with a machine shops, turned product, and screw, nut, and bolt market share, detailed machine shops, turned product, and screw, nut, and bolt market segments, market trends and opportunities, and any further data you may need to thrive in the machine shops, turned product, and screw, nut, and bolt industry. This machine shops, turned product, and screw, nut, and bolt market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global machine shops, turned product, and screw, nut, and bolt market grew from $446.14 billion in 2022 to $486.97 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The machine shops, turned product, and screw, nut, and bolt market is expected to grow to $669.02 billion in 2027 at a CAGR of 8.3%. Rapidly growing urban populations are expected to drive the demand for metal products in the forecast period. A large number of people living in rural areas are migrating to urban areas in search of a better life. This is expected to increase the need for housing and infrastructure. Infrastructure demand is expected to increase significantly in Asian countries such as China, India, Vietnam, and the Philippines. According to the World Urbanization Prospects Report by the United Nations, 55% of the world’s population lived in urban areas, and the rate is expected to rise to 68% by 2050. According to the World Bank, the urban population in South Asia is expected to grow to 250 million by 2030. The machine shops, turned product, and screw, nut, and bolt manufacturing industry is being restrained by the rise in power tariffs. Globally, there are movements to increase the use of alternative sources of electric power such as solar, wind, and nuclear power. Initiatives by non-governmental organizations (NGOs), multilateral organizations, and many governments to increase the production and use of alternative sources of power and other economic factors cause a rise in overall power tariffs affecting different industries. The rise in the power tariffs increases the production costs, affecting the machine shops, turned product, and screw, nut, and bolt manufacturing market. Many machine shops, turned products, and screw, nut, and bolt manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reducing potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to the KPMG report, 16% of executives of global metals companies have already invested in robotics for metal manufacturing, 31% of executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest in robotics shortly. Additionally, the report states, that 63% of the executives of metal manufacturing companies are considering investing in automation. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman. Major companies in the machine shops, turned product, and screw, nut, and bolt market include Berkshire Hathaway Inc., Illinois Tool Works Inc., Stanley Black & Decker Inc., Lisi S.A, The SFS Group AG, MISUMI Group Inc., Bulten AB, and Arconic Inc. Western Europe was the largest region in the machine shops, turned product, and screw, nut, in 2021. The Asia-Pacific was the second-largest region in the machine shops, turned product, screw, nut, and bolt market. The regions covered in the machine shops, turned product, and screw, nut, report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the machine shops, turned product, and screw, nut, and bolt market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The machine shops turned product, screw, nut, and bolt market consists of sales of fabricated metal parts and fasteners. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global machine shops, turned product, and screw, nut, and bolt market is segmented - 1) By Type: Turned Product and Screw, Nut, and Bolt, Machine Shops 2) By Grade: GR 5.8, GR 8.8, GR 10.9, GR 12.9, Other Grades 3) By Application: Construction, Petrochemical, Heavy Machine Equipment, Automotive, Aerospace, Home Appliances, Motors and Pumps, Furniture, Plumbing Products, Other Applications

Machine tools, also referred to as stationary power-driven equipment, are used to shape or create pieces made of metal or other materials. These are used for cutting, boring, grinding, shearing, and also used for deformations. The main types of machine tools are milling machines, drilling machines, turning machines, grinding machines, electrical discharge machines, and others. The milling machines tools are referred to as multi-purpose machines that can mill and turn materials as well. A milling machine is a circular tool that has several cutting edges symmetrically arranged all over it. This machine is used for flat and irregularly shaped surfaces. These are used to drill, bore, and cut gears. The different automation types include CNC machine tools and conventional machine tools which are distributed by several sales channels, including direct, and indirect. It is employed in various industries such as automotive, aerospace and defense, construction equipment, power and energy, industrial, and others. The machine tools market research report is one of a series of new reports from The Business Research Company that provides machine tools market statistics, including machine tools industry global market size, regional shares, competitors with a machine tools market share, detailed machine tools market segments, market trends and opportunities, and any further data you may need to thrive in the machine tools industry. This machine tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global machine tools market size grew from $87.72 billion in 2022 to $93.41 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The machine tools market size is expected to grow to $112.58 billion in 2027 at a CAGR of 4.8%. The growing manufacturing industry is expected to propel the growth of the machine tools market going forward. Machine tools refer to power devices that are used to process workpieces and act as important equipment in the manufacturing process of mechanical parts. These machines are used for forming, cutting, and joining tools. As a result growth in the manufacturing industry will increase the demand for machine tools. For instance, in September 2021, according to India Brand Equity Foundation (IBEF), an India based government agency, 2021 India received $30 billion worth of foreign direct investments which increased to 15% when compared to previous years and also in the same year, the government approved the production-linked incentive (PLI) scheme worth $3.53 billion for the manufacturing auto industry and drone industry to boost India’s manufacturing capabilities. Therefore, the growing manufacturing industry is driving the growth of the machine tools market. New product innovations have emerged as the new key trend gaining popularity in the machine tools market. Major companies operating in the machine tools market focused on new product innovations to sustain their position in the market. For instance, in June 2022, LMW Machine Tool Division, an India-based automation machinery manufacturing company, launched 2 new machines – the JG 50 Vertical Machining Center and LF20C Twin G Twin Turret Chucker, and showcased 3 latest machines and machining solutions at INTEC 2022 exhibition held in Coimbatore. The unique features of the JG 50 Vertical Machining Center include very high acceleration of greater than 1G and spindle speed up to 16,000 rpm. LF20C Twin G Twin Turret Chucker has dual spindles and dual turrets which indicate it has 2 CNC Turning Centers combined into one machine. In April 2021, EMAG Group, a Germany-based provider of the latest technological advances to optimize a manufacturing solution for every customer’s requirement acquired Samputensili Machine Tools for an undisclosed amount. With this acquisition, EMAG is broadening its area of technologies by adding gear production processes such as shaving, tooth flank grinding, gear shaping, profile grinding, and generating grinding. Samputensili Machine Tools is an Italy-based company that specializes in producing high-quality gear cutting tools. Major players in the machine tools market are Doosan Machine Tools Co. Ltd., Makino, Georg Fischer, JTKET Corporation, Komatsu NTC Ltd., OKUMA Corporation, Hyundai WIA, Chiron Group SE, Haas Automation Inc., Yamazaki Mazak Corporation, Amada Private Limited, MAG IAS GmbH, GROB-WERKE GmbH and Co. KG, Ace Micromatic Group, Spinner Machine Tools, Dalian Machine Tools Group Corporation, and Electronica Hitech Engineering Pvt. Ltd. Asia-Pacific was the largest region in the machine tools market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the machine tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the machine tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The machine tools market consists of sales of lathes and boring mills, shapers and planers, drilling machines, power saws, and presses. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global machine tools market is segmented - 1) By Product Type: Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machines, Other Product Types 2) By Automation Type: CNC Machine Tools, Conventional Machine Tools 3) By Sales Channel: Direct, Indirect 4) By Industry: Automotive, Aerospace and Defense, Construction Equipment, Power and Energy, Industrial, Other Industries