Jun 26, 2023   SOURCE: BusinessWire

Global Compressor Rental Market 2023-2028 Featuring Profiles of Aggreko, Atlas Copco, Ingersoll Rand, Caterpillar, and Herc Rentals - ResearchAndMarkets.com

The "Global Compressor Rental Market Report and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

According to the report, the global compressor rental market attained a value of USD 4.29 billion in 2022. Aided by the increasing demand for efficient and flexible compressed air solutions in various industries, the market is projected to grow at a CAGR of 4.4% between 2023 and 2028, reaching a value of USD 5.55 billion by 2028.

The global compressor rental market growth is primarily driven by the increasing demand for efficient and flexible compressed air solutions in various industries. The growing need for temporary compressed air systems in construction, mining, oil and gas, and manufacturing sectors, coupled with the rising awareness of the benefits of renting compressors, has contributed to the increased adoption of these rental solutions across the industry.

Additionally, the growing focus on reducing capital expenditure and the need for cost-effective solutions have led to the increased preference for compressor rentals over purchasing new equipment. The increasing adoption of these rental solutions is expected to create new growth opportunities for the global compressor rental market during the forecast period.

With the increasing focus on energy efficiency and environmental sustainability in various industries, the demand for energy-efficient and eco-friendly compressor rental solutions is on the rise. The development of innovative rental compressor models that consume less energy and produce fewer emissions is expected to bolster the compressor rental market expansion during the forecast period.

Furthermore, the rising trend of outsourcing non-core business activities and the need for reducing operational expenses have led to the increased preference for rental equipment, including compressors. The growing demand for temporary compressed air solutions, coupled with the rising need for efficient and cost-effective equipment, is anticipated to drive the compressor rental market growth during the forecast period.

Market Segmentation

Market Breakup by Type

  • Centrifugal
  • Reciprocating
  • Rotary Screw

Market Breakup by Compressor Type

  • Air Compressor
  • Gas Compressor

Market Breakup by End-use

  • Mining and Construction
  • Oil & Gas
  • Utility
  • Manufacturing
  • Chemical

Market Breakup by Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Competitive Landscape

This report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global compressor rental companies. Some of the major key players explored in the report are as follows:

  • Aggreko Ltd.
  • Atlas Copco AB
  • Ingersoll Rand Inc.
  • Caterpillar Inc.
  • Herc Rentals Inc.
  • Others

Key Topics Covered

1 Preface

2 Report Coverage - Key Segmentation and Scope

3 Report Description

4 Key Assumptions

5 Executive Summary

6 Market Snapshot

7 Opportunities and Challenges in the Market

8 Global Compressor Rental Market Analysis

9 North America Compressor Rental Market Analysis

10 Europe Compressor Rental Market Analysis

11 Asia-Pacific Compressor Rental Market Analysis

12 Latin America Compressor Rental Market Analysis

13 Middle East and Africa Compressor Rental Market Analysis

14 Market Dynamics

15 Competitive Landscape

16 Key Trends and Developments in the Market

For more information about this report visit https://www.researchandmarkets.com/r/udqiwg

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