APAC Is Dominating the Air Compressor Market

The air compressor market was valued $30,366.3 million in 2021, and it is set to reach $45,888.0 million by 2030, growing at a CAGR of 4.7% between 2021 and 2030, according to a research report by P&S Intelligence.

The growth of this industry can be ascribed to the increasing demand for eco-friendly air compressors all over the world, technological enhancements, presence of advanced manufacturing facilities, and rapid industrialization.

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How Is Tourism Impacting Sale of Industrial Refrigeration Systems in MEA?

With the increasing population, whose disposable income is also rising, the food and beverage industry in the Middle East and Africa (MEA) is growing. This can be gauged from the fact that compared to $17.4 in 2016, the average per person revenue generated by the industry rose to $18.0 in 2017 and it was further set to increase to $19.4 by 2018-end.

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