The North America Air Compressor Market is expected to witness market growth of 4.5% CAGR during the forecast period (2021-2027).
The air compressor is expected to witness bright growth prospects due to the increase in consumer awareness about the product quality, favorable government policies, and high demand for better air quality. At workplaces, air compressors are needed to follow the Occupational Health & Safety (OHS) norms, which is likely to positively affect the growth of the market during the forecasting period.
The growth of the air compressor market is expected to be fueled by the technological developments in air compression techniques that have a positive impact on the compression capabilities of the device. Additionally, the growth of air compressors is expected to witness lucrative opportunities owing to the increasing adoption of reliable and energy-efficient equipment. Moreover, the device needs the application of advanced technology with technical expertise for developing high power rated and effective air compression equipment. Conversely, the growth of the market is expected to be hindered by the huge cost of installation and maintenance for the equipment.
Factors such as huge energy efficiency, less maintenance cost, portability, eco-friendly, and capability to offer variation in supplied pressure is expected to boost the growth of the regional market. Additionally, the growth of the regional market is expected to witness bright prospects due to the growing end-use industries, increase in need for next-generation products, and surge in application areas. In addition, the rapid industrialization in the region is expected to open new growth avenues for the regional market. The major countries of this region like the US and Canada are putting heavy investments in non-traditional oil & gas exploration and production activities.
Moreover, increasing industrial infrastructural projects and the growing investments across every process industry, particularly oil & gas industry is expected to create lucrative growth opportunities for the players operating in the regional market. Additionally, penetration of IoT, initiatives like Industry 4.0, and technological developments in the product are expected to augment the growth of the regional market.
The US market dominated the North America Air Compressor Centrifugal Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $3,210.2 million by 2027. The Canada market is experiencing a CAGR of 6.8% during (2021 - 2027). Additionally, The Mexico market is expected to witness a CAGR of 6.1% during (2021 - 2027).
Based on Product, the market is segmented into Rotary/Screw, Centrifugal and Reciprocating/Piston. Based on Type, the market is segmented into Stationary and Portable. Based on Lubrication, the market is segmented into Oil-Filled and Oil-Free. Based on Application, the market is segmented into Manufacturing, Retail, Food & Beverage, Healthcare, Oil & Gas, Energy and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Atlas Copco, Bauer Group (BAUER COMP Holding GmbH), Cook Compression (Dover Precision Components), Compressor Products International (CPI) (EnPro Industries, Inc.), Galaxy Auto Stationary Equipment Co. Ltd., Gast Manufacturing, Inc. (IDEX Corporation), General Electric Company, Ingersoll Rand Plc, Kaeser Kompressoren SE, and MAT Industries, LLC (MAT Holdings, Inc.).
Scope of the Study
Market Segments Covered in the Report:
By Product
- Rotary/Screw
- Centrifugal
- Reciprocating/Piston
By Type
- Stationary
- Portable
By Lubrication
- Oil-Filled
- Oil-Free
By Application
- Manufacturing
- Retail
- Food & Beverage
- Healthcare
- Oil & Gas
- Energy
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Atlas Copco
- Bauer Group (BAUER COMP Holding GmbH)
- Cook Compression (Dover Precision Components)
- Compressor Products International (CPI) (EnPro Industries, Inc.)
- Galaxy Auto Stationary Equipment Co. Ltd.
- Gast Manufacturing, Inc. (IDEX Corporation)
- General Electric Company
- Ingersoll Rand Plc
- Kaeser Kompressoren SE
- MAT Industries, LLC (MAT Holdings, Inc.)
Unique Offerings from the Publisher
- Exhaustive coverage
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Table of Contents
Companies Mentioned
- Atlas Copco
- Bauer Group (BAUER COMP Holding GmbH)
- Cook Compression (Dover Precision Components)
- Compressor Products International (CPI) (EnPro Industries, Inc.)
- Galaxy Auto Stationary Equipment Co. Ltd.
- Gast Manufacturing, Inc. (IDEX Corporation)
- General Electric Company
- Ingersoll Rand Plc
- Kaeser Kompressoren SE
- MAT Industries, LLC (MAT Holdings, Inc.)
Methodology
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