The rapid growth of the manufacturing sector in the last few years has caused a sharp surge in the sales of compressors in India. Moreover, with the implementation of favorable government policies, this trend is likely to continue in the future years. According to industry experts, the manufacturing sector in the country is predicted to attain a valuation of $1 trillion by 2025. In manufacturing facilities, industrial air compressors are heavily used for clamping, stamping, and tool powering.

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Apart from the enactment of supportive government policies, the inflow of huge foreign direct investments (FDIs) is also fueling the growth of the country’s manufacturing sector. For example, the government has reduced the income tax rate to 25% for all organizations having a maximum turnover of $38.75 million, under the Union Budget 2018—2019. Besides this, the flourishing automotive industry is also pushing up the sales of compressors in the country.

This is subsequently driving the advancement of the Indian compressor market. The market valuation is predicted to rise from $1,943.4 million to $2,891.9 million from 2019 to 2030. Furthermore, the market is predicted to advance at a CAGR of 6.2% between 2020 and 2030. There are mainly two types of compressors used in India— rotary and positive displacement. Of these, the sales of the positive displacement compressors were found to be higher in the past years.

This market research report provides a comprehensive overview of the India compressor market

Historical and the present size of the India compressor market
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential