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The demand for turbo, rotary, and reciprocating displacement compressors in Australia is driving steady market growth. Over the next decade, the market is expected to continue expanding, though at a slower pace.
From 2024 to 2035, the market volume is forecast to grow at a compound annual growth rate (CAGR) of 2.7%. By 2035, the total number of units sold is expected to reach 1.9 million.
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In terms of value, the market is projected to grow faster. The expected CAGR for market value is 3.5% during the same period. By 2035, the market is estimated to be worth $661 million based on nominal wholesale prices.
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