North America Air Compressor Market by Type, Technology, and Lubrication Method - Opportunity Analysis and Industry Forecast, 2016-2023

  • ID: 4580622
  • Report
  • Region: North America, United States
  • 144 pages
  • Allied Analytics LLP
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In the North American market, air compressors primarily find application in industries such as food and beverage, oil extraction, and pharmaceutical. The application of low duty, oil-free air compressors in North America is expected to increase in future due to technological developments and the booming construction industry in this region. Air contamination because of oil lubrication and noisy operations of oil-free compressors are major areas of concern, which limit their adoption. However, efforts from key players in order to develop efficient air compressors, should limit the air contamination and noise generation.

With technological innovations, air compressors are likely to be adopted in construction activities, especially in North America. The revival of stalled infrastructural projects because of recession in the U.S. is likely to increase air compressor adoption in the region over the next few years. In addition, companies have launched new products to increase their market penetration, especially for rotary air compressors. The efficiency, reliability and productivity of rotary air compressors in heavy-duty applications has fostered their adoption in industrial activities.

The North American air compressor market is segmented on the basis of type, technology, lubrication method, and country. The type segment includes portable and stationary air compressors. Portable air compressors segment is forecast to grow at a notable CAGR of 7.8% from 2016 to 2021, due to its applications in industries such as FMCG, pharmaceuticals, and electronics assembling. In accordance to technology, air compressors are classified as rotary, centrifugal, and reciprocating. Rotary air compressor would be the highest revenue-generating segment throughout the analysis period, owing to 100% duty cycle capacity and capability to operate continuously.

Based on the lubrication method, the market is segregated as oil-lubricated and oil-free air compressors. The oil-free air compressors are advantageous over oil lubricated air compressors, owing to uninterrupted supply of oil-free air/gas. Oil-free compressors are used in variety of applications including pharmaceuticals, food & beverages, and electronic assembling. For an in-depth analysis, the market has been studied across the major North American countries which include United States, Canada and Mexico.

Most of the companies analyzed in this report have adopted product launch as their key strategy, with majority of them focusing on Rotary air compressors. Rotary air compressors have gained increasing attention from key market players, such as Atlas Copco, Ingersoll Rand, Sulzer Ltd., Mitsubishi Heavy Industries, and Sullair, which have launched rotary air compressors with new features. Other key players in the market include Ebara Corp., Kobe steel, Ltd., VMAC, Campbell Hausfeld, and Porter-Cable.

KEY BENEFITS

Comprehensive analysis of current and future market trends in the North American air compressor market have been provided in this report
The report provides an in-depth analysis of North American air compressor market to identify lucrative investment pockets in the market
The report identifies key drivers, opportunities and restraints that shape the market and provide an impact analysis of these factors over the forecast period
Porters Five Forces analysis highlights the potency of buyers and suppliers participating in this market. This would offer a competitive advantage to stakeholders to make profit-oriented business decisions and help strengthen their supplier and buyer network
SWOT analysis of key market players highlight the essential strengths and potential opportunities in the market

AIR COMPRESSOR MARKET KEY SEGMENTATION

The market is segmented on the basis of type, technology, lubrication type, and countries in North America.

MARKET BY TYPE

Portable
Stationary

MARKET BY TECHNOLOGY

Reciprocating
Rotary
Centrifugal

MARKET BY LUBRICATION TYPE

Oiled
Oil-free

MARKET BY COUNTRY

U.S.
Canada
Mexico

KEY PLAYERS

Atlas Copco
Ingersoll Rand Inc.
Sulzer, Ltd.
Kobe Steel, Ltd
Ebara Corporation
Mitsubishi Heavy Industries Ltd.
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CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segmentation
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspective

CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Trends in North American air compressor market
3.3 Advantages of air compressor
3.4 Technology & market trends
3.4.1 Turbocor
3.4.2 Thermoacoustic
3.5 Key findings
3.5.1 Top factors impacting the market
3.5.2 Top investment pockets
3.5.3 Top winning strategies
3.6 Porters five force analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat of substitutes
3.6.4 Threat of new entrants
3.6.5 Competitive rivalry
3.7 Value chain analysis
3.8 North America market share analysis, 2014
3.9 Drivers
3.9.1 Oil & mining industry in North America
3.9.2 Energy efficient compressors
3.9.3 Multiple fuel options
3.9.4 Low maintenance
3.9.5 No environmental hazards caused
3.9.6 Portable
3.9.7 Variation in pressure
3.10 Restraints
3.10.1 Noise pollution
3.10.2 Contamination of air
3.10.3 Bulkiness
3.11 Opportunities
3.11.1 Upcoming technologies
3.11.2 Construction industry in North America

CHAPTER 4 NORTH AMERICA AIR COMPRESSOR MARKET BY TYPE
4.1 Market size and forecast
4.2 Portable
4.2.1 Key market trends
4.2.2 Competitive scenario
4.2.3 Key growth factors and opportunities
4.3 Stationary
4.3.1 Key market trends
4.3.2 Competitive scenario
4.3.3 Key growth factors and opportunities

CHAPTER 5 NORTH AMERICA AIR COMPRESSOR MARKET BY TECHNOLOGY
5.1 Market size and forecast
5.2 Reciprocating
5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Single stage
5.2.4 Two stage
5.2.5 Rocking piston type
5.2.6 Diaphragm type
5.3 Rotary type
5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Scroll type
5.3.4 Rotary helical screw type
5.3.5 Rotary sliding vane type
5.4 Centrifugal compressor
5.4.1 Key market trends
5.4.2 Key growth factors and opportunities

CHAPTER 6 NORTH AMERICA AIR COMPRESSOR MARKET BY LUBRICATION METHOD
6.1 Market size and forecast
6.2 Oiled
6.2.1 Key market trends
6.2.2 Competitive scenario
6.2.3 Key growth factors and opportunities
6.3 Oil-free
6.3.1 Key market trends
6.3.2 Competitive scenario
6.3.3 Key growth factors & opportunities

CHAPTER 7 NORTH AMERICA AIR COMPRESSOR MARKET BY COUNTRY
7.1 Key market trends
7.2 Competitive scenario
7.3 Key growth factors and opportunities
7.4 Market size and forecast
7.5 U.S.
7.6 Canada
7.7 Mexico

CHAPTER 8 COMPANY PROFILES
8.1 Atlas Copco
8.1.1 Company overview
8.1.2 Business performance
8.1.3 Key strategies and developments
8.1.4 SWOT analysis of Atlas Copco
8.2 Ingersoll Rand Inc.
8.2.1 Company overview
8.2.2 Business performance
8.2.3 Key strategies and developments
8.2.4 SWOT analysis of Ingersoll Rand Inc.
8.3 Sulzer Ltd.
8.3.1 Company overview
8.3.2 Business performance
8.3.3 Key strategies and developments
8.3.4 SWOT analysis of Sulzer, Ltd.
8.4 Kobe steel, Ltd.
8.4.1 Company overview
8.4.2 Business performance
8.4.3 Key strategies and developments
8.4.4 SWOT analysis of Kobe steel, Ltd.
8.5 Ebara Corporation
8.5.1 Company overview
8.5.2 Business performance
8.5.3 Key strategies and developments
8.5.4 SWOT analysis of Ebara corporation
8.6 Mitsubishi Heavy Industries Ltd.
8.6.1 Company overview
8.6.2 Business performance
8.6.3 Key strategies and developments
8.6.4 SWOT analysis of Mitsubishi Heavy Industries Ltd.
8.7 Sullair
8.7.1 Company overview
8.7.2 Key strategies and developments
8.7.3 SWOT analysis of Sullair
8.8 Vehicle Mounted Air Compressors (VMAC)
8.8.1 Company overview
8.8.2 Key strategies and developments
8.8.3 SWOT analysis of Vehicle Mounted Air Compressors
8.9 Campbell Hausfeld
8.9.1 Company overview
8.9.2 Key strategies and developments
8.9.3 SWOT analysis of Campbell Hausfeld
8.10 Porter-Cable
8.10.1 Company overview
8.10.2 Key strategies and developments
8.10.3 SWOT analysis of Porter-Cable
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According to a new report North America Air Compressor Market by Type, Technology, Lubrication Method, And Country: Opportunity Analysis and Industry Forecast, 2016-2023, the North America Air Compressor market was valued at $4,475 million in 2016, and is projected to reach at $5,754 million by 2023, growing at a CAGR of 3.68% from 2017 to 2023. Stationary and rotary segments possess the maximum growth potential and are expected to create lucrative opportunities for industry players.

At present, air compressors witness an increased adoption in North America, owing to technological innovations in product offerings, and proliferation of energy-efficient and cost-effective air compressors, and increase in application areas among end users. Furthermore, rapid urbanization has resulted in a surge in infrastructural and manufacturing activities; this is turn, has facilitated the growth of North America air compressor market. However, inconsistent demand patterns restraint the North America air compressor market growth.

The stationary segment dominated the air compressor market in 2016, with around 62% revenue share and it is anticipated to exhibit fastest growth rate. This growth is attributed to the increase in demand from end-use industries and rise in investment across all the process industries.

Rotary air compressors generated the maximum revenue in technology segment. It represented around 46% share of the total North America air compressor market size in 2016. Furthermore, by 2023, the segment is expected to dominate the market, with a CAGR of 3.66%., owing to widespread adoption of advanced solutions and increased IoT spending.

The U.S. was the highest revenue contributor in 2016, accounting for around 53% share. Canada is projected to grow at the highest CAGR of 4.04% during the forecast period.

The report features the competitive scenario of the North America air compressor market and provides comprehensive analysis of the significant growth strategies adopted by major players. The key players operating in North America air compressor market include Atlas Copco, Ingersoll Rand, Suzler Ltd., Mitsubishi Heavy Industries, Ebara Corp., Sullair, Kobe Steel, VMAC, Campbell Hausfeld, Porter Cable, and others.

Key findings of the North America Air Compressor Market:

The stationary segment dominated the North America air compressor market in 2016.
The rotary and centrifugal segments are estimated to provide significant growth opportunities to the key market players.
The U.S. market is expected to be dominant, in terms of market size. However, Canada is estimated to possess the highest CAGR during the forecast period.
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