Press release
Growth of Oil, Mining & Construction Industries making the future of North America Air Compressor Market
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.
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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.
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.
Key Benefits for Stakeholders
• The report provides an overview of the trends, structure, drivers, challenges, and opportunities in the North America air compressor market.
• Porter’s Five Forces analysis highlights the potential of buyers & suppliers and provides insights on the competitive structure of the market to determine the investment pockets.
• Current and future trends adopted by key market players are highlighted to determine overall competitiveness.
• The quantitative analysis of the market from 2016 to 2023 is provided to elaborate the market potential.
North America Air Compressor Market Key Segments:
By Type:
• Portable
• Stationary
By Technology:
• Rotary
• Centrifugal
• Reciprocating
By Lubrication Method:
• Oiled
• Oil Free
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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 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.
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