ELGi Equipments (BSE: 522074 NSE: ELGIEQUIP), one of India's leading air-compressor manufacturers, has announced its plans to become World No.2 in the Global market by 2027.

The company, also unveiled its new brand identity with a new logo and color scheme for its entire product range. Red stands for performance, passion and energy. It reflects the drive to constantly evolve and keep getting better. Black is clear, bold and helps establish a distinct brand world. From the functional stand point, these colors add on to better visibility, consistency in execution and are unique in the industry.

The air compressor market is growing steadily year on year. The market size is anticipated to be US$ 20 billion in 2023, with 3.6% CAGR from 2016 to 2023.

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