North America Air Compressor Market, By Type, (Portable, Stationary), By Technology, (Reciprocating, Rotary, Centrifugal), By Lubrication method, (Oiled, Oil-free), By Country, (U.S., Canada, Mexico), Estimation & forecast, 2016 - 2024.

October 2017

 Pages: 92

 ERC 0958

North America Air Compressor Market was valued at $5.4 billion in 2016 and is expected to reach $8.9 billion by 2024, having a CAGR of 6.6% during the forecast period of 2017 to 2024. The stationary air compressor segment garnered the highest revenue share in the North America air compressor market.

Air compressors supply and monitor air/gas for various industrial and non-industrial activities. They facilitate the gas transfer process in varied industries such as automobiles, food & beverages, air blast circuits, chemical plants, pharmaceuticals, oil extraction, transport and many more. With innovations in the technology, air compressors would receive a higher adoption in construction activities. Increasing income levels coupled with the ability and willingness to buy home appliances will drive the air compressor market demand in the coming years. Moreover, development in the home appliances, resulting in newer and compact models paired with user friendly modes of operation will further enhance the air compressor market.

Market Dynamics

The North America air compressor market has witnessed healthy growth in the recent years due to the increase in demand for oil and mining industry. Technological advancements in air compressors have contributed towards energy efficiency, multiple fuel options, and low maintenance of the compressors. In addition to the above promoters, the portability of air compressors and their eco-friendly feature are fuelling the market growth. However, loud noise generation, bulkiness of the compressors and contamination caused due to oiled air compressors act as the major hurdles in the growth of the market. On the other hand, advancement in air compression technologies, and upsurge in construction industry of North America are expected to create huge opportunities for the growth of market in the coming years.

Market Segmentation

The North America air compressor market is segmented on the basis of type, technology, lubrication method and country. By type, the market is segmented into portable and stationary. On the basis of technology, the market is segmented as reciprocating, rotary, and centrifugal. On the basis of lubrication method, the market is segmented into oil-free compressors and oiled compressors. Country wise, the market is segmented into US, Canada, and Mexico. US is the largest North America air compressor market in terms of revenue, by holding more than half of the shares. However, Mexico is expected to witness the fastest growth with a CAGR of 10.9% during the forecast period of 2017-2024.

NORTH AMERICA AIR COMPRESSOR MARKET BY LUBRICATION METHOD, 2016-2024
north america air compressor market by lubrication method

Some eminent market players are Atlas Copco, Ingersoll Rand, Sulzer Ltd., Mitsubishi Heavy Industries, and Sullair, Ebara Corp., Kobe steel, Ltd., VMAC, Campbell Hausfeld, and Porter-Cable. The Atlas Copco Group is a global industrial group of companies which develop, manufacture, service, and rent industrial tools, air compressors (of which it is the world's leading producer), construction and mining equipment. It has expanded its offering for the dewatering market with the launch of over 30 new heavy-duty, high capacity pumps.

NORTH AMERICA AIR COMPRESSOR MARKET SEGMENTATION

By Type
• Portable
• Stationary

By Technology
• Reciprocating
• Rotary
• Centrifugal

By Lubrication method
• Oiled
• Oil-free

By Country
• U.S.
• Canada
• Mexico

KEY MARKET PLAYERS

• Atlas Copco
• Ingersoll Rand Inc.
• Sulzer Ltd.
• Kobe Steel, Ltd
• Ebara Corporation
• Campbell Hausfeld
• Porter-Cable
• Sullair
• Vehicle Mounted Air Compressor
• Mitsubishi Heavy Industries Ltd.

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    What Information does this report contain?

    • What was the market size of the North America Air Compressor Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the North America Air Compressor Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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