Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Vietnam Air Compressor Market Growth

Rapid industrialisation in the country, increased adoption of energy-efficient air compressors, and favourable government initiatives supporting the manufacturing sector are some of the major market drivers. The growing emphasis on energy efficiency and sustainability is driving industrial sectors to adopt energy-efficient air compressors, thereby decreasing operational costs and minimising environmental impact. Air compressors are becoming essential equipment across various industries like food and beverage production, healthcare, and oil and gas extraction. This expanding range of uses is driving market growth and stability. Additionally, the expanding oil and gas sector is a significant consumer of air compressor and hence boosts the Vietnam air compressor market revenue.

 

The integration of IoT (Internet of Things) and smart technologies in air compressor systems has revolutionised various end-use sectors drawing them towards these cutting-edge solutions. This integration offers a wide range of benefits including enhanced monitoring, maintenance, and efficiency, among others.  Moreover, the growing popularity of portable and compact air compressors, especially in small-scale businesses and DIY projects reflects the changing preferences of consumers in the country which influences Vietnam air compressor market dynamics and trends.

 

Vietnam Air Compressor Market Report Snapshots

Vietnam Air Compressor Market Size

Vietnam Air Compressor Market Growth

Vietnam Air Compressor Market Share

Vietnam Air Compressor Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 5.10% between 2024 and 2032.

The market is being driven due to rapid industrialisation in the country, increased adoption of energy-efficient air compressors, and favourable government initiatives supporting the manufacturing sector.

The key trends aiding the Vietnam air compressor market include the integration of IoT (Internet of Things) and smart technologies and the growing popularity of portable and compact air compressors.

Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.

Based on type, market segmentations include stationary and portable.

Various products are reciprocating, rotary/screw, and centrifugal.

The major players in the market are Atlas Copco AB, Siemens Energy AG, Ingersoll Rand Inc., Hitachi Ltd. (Sullair), Aerzener Maschinenfabrik GmbH, Doosan Corp., Mitsubishi Heavy Industries Ltd., ELGI Equipments Ltd., Denair Energy Saving Technology (Shanghai) Plc, and Kobe Steel Ltd. (Kobelco Compressors Vietnam Co., Ltd.), among others.

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