Europe compressor rental market will secure modest revenues between 2019-2025, on account of ongoing industrialization and urbanization in the region.
— Global Market Insights Inc. announces an ongoing comprehensive report on the “Compressor Rental Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2025”. This report provides an exhaustive account of the industry including:
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• Compressor rental market size, historical from 2014 to 2018 and annual forecast from 2019 to 2025.
• Major compressor rental industry trends, technology evolution, economic indicators, and business challenges.
• Regulatory and geopolitical trends impacting the industry.
• Business drivers and pitfalls impacting key regional markets.
• Competitive landscape of the industry and detailed profiles on the major companies.
The global compressor rental market will observe a robust growth from mining applications, owing to high usage across a plethora of mining activities such as scaling, boring, tire filling, and air compression. Also, simulation of mining processes will act as a key propeller for compressor rental industry growth. The increasing demand for precious metals such as platinum, gold, diamond, and silver, will add positive momentum to the mining industry, which will fuel the demand for compressors and augment the business landscape.
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In terms of product design, the market is bifurcated into reciprocating and rotary screw. Reciprocating compressor market is slated to amass appreciable proceeds in the ensuing years, driven by humongous applications across an array of end users, such as natural gas processing plants, gas pipelines, oil refineries, chemical plants, and freezing plants.
Europe compressor rental market will secure modest revenues between 2019-2025, on account of ongoing industrialization and urbanization in the region. Other factors that will positively impact regional growth in the coming years are increasing investment in oil production, power generation, and chemical manufacturing. For instance, Russia is the biggest oil producing nation in Europe and is among the world’s leading oil manufacturers, with a yearly oil production capacity of approx. 540.7 million tons.
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Some of the companies mentioned in the compressor rental market report include Atlas Copco, Ingersoll Rand, Hertz equipment, Caterpillar, and Aggreko. Others are Cramo, Coates Hire, ACME fab-con, Sunbelt, and Blueline.
To stay ahead of the competition these rental companies keep enhancing their services to meet the evolving consumer needs. For instance, Ingersoll Rand provides end to end solutions to customers to ensure that they get the rental system that best suits their business needs. The company also helps reduce unnecessary costs through its comprehensive rental services and expansive product line of oil-free rotary screw compressors.
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