India Industrial Compressor Market Future Prospects
The Indian industrial compressor market size is expected to grow from an estimated USD 295.7 million in 2024 to USD 428.1 million in 2030 at a CAGR of 6.4% from 2024 to 2030.
This market is majorly driven by the expansion in the automotive and manufacturing industries. As the nation wants to improve its economic condition, it is strongly promoting urbanization and industrial infrastructure development.
Numerous industrial processes require pressured air to drive pneumatic machinery and for other purposes. Common tools that work with pressurized air include nail guns, wrenches, sanders, riveting guns, drills, jackhammers, disc grinders, and saws. Hence, as India’s manufacturing sector grows, so will the demand for these common air compression devices.