Market Forecast by Countries (United States, Canada), By By Type (Portable, Stationary), By By Product (Reciprocating/Piston, Rotary/Screw, Centrifugal), By By Lubrication (Oil-Filled, Oil-Free), By By Application (Manufacturing, Semiconductors & Electronics, Food & Beverage, Healthcare/Medical, Home Appliances, Energy, Oil & Gas, Others) And Competitive Landscape
Product Code: ETC182516 | Publication Date: May 2021 | Updated Date: Nov 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Air Compressor Market |
Base Year | 2022 |
Historical Period | 2019-2022 |
Forecast Period | 2023-2029 |
Growth Rate (CAGR) | 3.12% |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Countries, By Type, By Product, By Lubrication, By Application |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
Pricing and Purchase Options | Avail customization purchase option to know the exact pricing of your research needs |
North America Air Compressor Market thoroughly covers the market by country, type, product lubrication and application. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Air Compressor Market is likely to grow in the forecast year due to robust growth in the industrial sector. The growing adoption of energy-efficient and eco-friendly air compressors, and advancements in compressor technology, have fuelled the expansion of the market.
According to 6Wresearch, the North America Air Compressor Market size is estimated to grow at a CAGR of approximately 3.12% during the forecast period 2023-2029. There is a high need for clean and high-quality compressed air in various sectors such as pharmaceuticals, healthcare, and food and beverage industries and this has contributed towards major growth of the market. There is a growing emphasis on energy efficiency and sustainability and it has led to the adoption of more energy-efficient air compressors. The advancements in technology, such as the integration of IoT and automation in air compressor systems are enhancing the product and driving North America air compressor market 2023 and various industries are seeking to maximize their operations and reduce downtime for better operations. There are certain challenges present in the market. The fluctuating raw material prices like steel and aluminium used in compressor manufacturing have hugely impacted the production cost and pricing of the product. There is a growing need for air compressors to meet stringent environmental regulations, which requires constant innovation and investment in the research and development domain.
The Air Compressor Market In North America was severely impacted by the sudden outbreak of the pandemic. During the early phases of the pandemic, lockdowns and reduced industrial activities led to decreased demand for air compressors in various sectors, including manufacturing and construction, as many projects were delayed or scaled back due to the sudden imposition of the lockdowns. There was distribution in the supply chain and it majorly affected the availability of critical components for air compressor production. The pandemic accelerated major trends towards automation and energy efficiency and due to this, the businesses started seeking more advanced and sustainable air compression solutions to sustain In the dynamic industry.
These are the major key players who are engaged in the production of energy-efficient and sustainable products.
The forecast of the market is promising as it is aligning with evolving industrial trends and technological development. With the increasing emphasis on energy efficiency and sustainability, air compressors are likely to witness continued innovation in design, operation and functionality. The demand for oil-free and advanced screw compressors is likely to rise in industries where air quality and environmental concerns are critical. The integration of digital technologies like IoT and predictive maintenance will enhance operational efficiency and reduce downtime. The adoption of air compressors in emerging sectors such as electric vehicle manufacturing and renewable energy production is also anticipated to drive market growth. The market is poised for expansion, driven by a combination of energy-conscious industries and advancements in technology.
The United States dominates the North America Air Compressor Industry due to its robust growth in the manufacturing sector and expansion of the semiconductor and electronics industry, and major investments in energy and oil & gas infrastructure.
Based on type, the market is segmented into Portable and Stationary. Both segments are expected to dominate the market on account of their usage in various applications.
According to Ravi Bhandari, Research Head, 6Wresearch, Reciprocating/Piston is expected to dominate the market due to its reliability and durability.
Oil-filled air compressors are expected to have a major share in the market as they provide higher efficiency and are commonly used in heavy industries like manufacturing and oil & gas and this will lead to North America Air Compressor Market Growth.
The manufacturing sector, including semiconductors and electronics, is expected to dominate the market as it relies heavily on-air compressors for precision and control in various processes
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Air Compressor Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Air Compressor Market Revenues & Volume, 2022 & 2029F |
3.3 North America Air Compressor Market - Industry Life Cycle |
3.4 North America Air Compressor Market - Porter's Five Forces |
3.5 North America Air Compressor Market Revenues & Volume Share, By Countries, 2022 & 2029F |
3.6 North America Air Compressor Market Revenues & Volume Share, By Type, 2022 & 2029F |
3.7 North America Air Compressor Market Revenues & Volume Share, By Product, 2022 & 2029F |
3.8 North America Air Compressor Market Revenues & Volume Share, By Lubrication, 2022 & 2029F |
3.9 North America Air Compressor Market Revenues & Volume Share, By Application, 2022 & 2029F |
4 North America Air Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Air Compressor Market Trends |
6 North America Air Compressor Market, 2019 - 2029 |
6.1 North America Air Compressor Market, Revenues & Volume, By Type, 2019 - 2029 |
6.2 North America Air Compressor Market, Revenues & Volume, By Product, 2019 - 2029 |
6.3 North America Air Compressor Market, Revenues & Volume, By Lubrication, 2019 - 2029 |
6.4 North America Air Compressor Market, Revenues & Volume, By Application, 2019 - 2029 |
7 United States Air Compressor Market, 2019 - 2029 |
7.1 United States Air Compressor Market, Revenues & Volume, By Type, 2019 - 2029 |
7.2 United States Air Compressor Market, Revenues & Volume, By Product, 2019 - 2029 |
7.3 United States Air Compressor Market, Revenues & Volume, By Lubrication, 2019 - 2029 |
7.4 United States Air Compressor Market, Revenues & Volume, By Application, 2019 - 2029 |
8 Canada Air Compressor Market, 2019 - 2029 |
8.1 Canada Air Compressor Market, Revenues & Volume, By Type, 2019 - 2029 |
8.2 Canada Air Compressor Market, Revenues & Volume, By Product, 2019 - 2029 |
8.3 Canada Air Compressor Market, Revenues & Volume, By Lubrication, 2019 - 2029 |
8.4 Canada Air Compressor Market, Revenues & Volume, By Application, 2019 - 2029 |
9 North America Air Compressor Market Key Performance Indicators |
10 North America Air Compressor Market - Opportunity Assessment |
10.1 North America Air Compressor Market Opportunity Assessment, By Countries, 2022 & 2029F |
10.2 North America Air Compressor Market Opportunity Assessment, By Type, 2022 & 2029F |
10.3 North America Air Compressor Market Opportunity Assessment, By Product, 2022 & 2029F |
10.4 North America Air Compressor Market Opportunity Assessment, By Lubrication, 2022 & 2029F |
10.5 North America Air Compressor Market Opportunity Assessment, By Application, 2022 & 2029F |
11 North America Air Compressor Market - Competitive Landscape |
11.1 North America Air Compressor Market Revenue Share, By Companies, 2022 |
11.2 North America Air Compressor Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |