Russia Air Compressor Market is projected to reach USD 542.6 Million by 2030

According to the study by Next Move Strategy Consulting, the Russia Air Compressor Market size is projected to reach USD 542.6 million, at a CAGR of 2.1% by 2030.

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The booming oil and gas industry in Russia acts as a major driver behind the growth of the air compressor market. According to the latest report from the International Energy Agency, Russia is the world’s third-largest oil producer, trailing behind the United States and Saudi Arabia.

The market players operating in the Russia air compressor industry include Atlas Copco Group, Ingersoll-Rand PLC, Hitachi Ltd., Siemens Energy AG, Kaeser Kompressoren, MAT Holding, Inc., Elgi Equipment Limited, Sulzer Ltd., Mitsubishi Heavy Industries, Ltd., and Anest Iwata, among others.