Global Compressor and Vacuum Pump Market Grows Despite COVID-19

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Reportlinker estimates that the global compressor and vacuum pump market will reach $ 28.6 billion by 2017. The new calculation shows that the prospects for compressors are $ 6 billion better than the experts expected before the global crisis (+ 4%).

Global Compressor and Vacuum Pump Market Grows Despite COVID-19
Currently, the main consumers of compressors are the world's leading economies - China and the United States. At the same time, by 2027, China will get ahead with an annual growth rate of + 7% and become the leader in the consumption of this product.

In Russia, there is both consumption and production of compressors, but domestic companies do not satisfy all the needs of the market, which mainly purchases Chinese-made products (over 60% of the market).

How the coronavirus pandemic will affect the Russian compressor market remains to be seen.

Source: e-vesti.ru


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