Reciprocating Air Compressor Market: Growth Trends, Technological Advancements, and Forecast 2023-2030
The global reciprocating air compressor market size is anticipated to reach USD 7.23 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 4.1% from 2023 to 2030. The increasing awareness of air quality and related negative consequences on the environment is anticipated to drive the market demand. Furthermore, the stringent government regulations pertaining to environmental air protection and carbon dioxide emissions compelled reciprocating air compressor manufacturers to develop energy-efficient products. In addition, the reciprocating air compressors used in workplaces are required to comply with the Occupational Health & Safety regulations. An interconnected market has been created due to the industrialization-driven economy and developments in reciprocating air compressor technology. Modern machinery used in production requires compressed air-generated power to operate. In addition, the ex...