The Malaysian and Vietnamese Air Compressor Industry is Expected to Reach $378 Million by 2030 - ResearchAndMarkets.com
The "Malaysia and Vietnam Air Compressor Market by Type, by Technology, by Lubrication, by Power Rating, and by End-User - Malaysia and Vietnam Opportunity Analysis and Industry Forecast 2022-2030" report has been added to ResearchAndMarkets.com's offering
DUBLIN--(BUSINESS WIRE)--Sep 22, 2022--
The "Malaysia and Vietnam Air Compressor Market by Type, by Technology, by Lubrication, by Power Rating, and by End-User - Malaysia and Vietnam Opportunity Analysis and Industry Forecast 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The Malaysia and Vietnam Air Compressor Market was valued at USD 227.2 million in 2021 and is predicted to reach USD 378.6 million by 2030 with a CAGR of 5.9% from 2022-2030.
Air compressors are used to compress the air by forcing more and more air into a storage tank, increasing its pressure. It uses either an electric motor, diesel or gasoline engine for the compression of air until the tank's pressure reaches its engineered upper limit. The potential energy stored in pressurized air is than used in various applications such as production of petrochemical products, transportation of fluids & gases, operations of pneumatically based machineries and in cooling applications.
