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North America Air Compressor Market is predicted to experience an exponential growth of $8bn over the forecast period 2019-2024

08-14-2019 03:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Graphical Research

North America Air Compressor Market is predicted to experience

Healthy growth and exponential size of the manufacturing industry in the region is likely to boost the product demand over the forecast period. Manufacturing sector in the U.S. has grown rapidly in the past few years. In 2017, manufacturing sector accounted for approximately 11.6% of the total U.S. GDP. The major driving factor for the growth of manufacturing industry in the U.S. is advancement in the technology such as artificial intelligence and machine learning. The usage of these new technologies and innovations will help the country to cut down its labor and operational costs in the manufacturing sector, reaping benefits for the overall economy in the coming years. Positive trends in the U.S. manufacturing industry will drive the product demand during the forecast timespan.

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According to the Graphical Research new growth forecast report titled North America Air Compressor Market By Technology (Rotary, Reciprocating, Centrifugal), By Product (Portable, Stationary), By Lubrication (Oil Free, Oil Filled) By Application (Home Appliances, Food & Beverages, Oil & Gas, Energy, Semiconductor & Electronics, Manufacturing, Healthcare [Medical, Dental], Mining & Construction, Municipal) Industry Analysis Report, Regional Outlook (U.S., Canada), Estimated to surpass USD 8 billion by 2024.

Stationary air compressor was the largest product segment in 2018 and accounted for over 80% market share in the same year. The product finds application in various end-user industries owing to its versatile properties such as excellent mechanical strength and easy availability in market. By technology, rotary was the largest segment in 2018 and shall grow with highest CAGR in the coming years. By lubrication type, oil free air compressors are likely to witness maximum gains over the forecast period owing to increasing usage in food & beverages industry.

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North America air compressor market was significantly consolidated with top eight players accounting for significant industry share in 2018. Major multinational companies operating in the industry include Atlas Copco, Gardner Denver, Sullair LLC, Ingersoll-Rand Plc, Kaeser Kompressoren SE, Rolair System, Doosan Portable Power, Sillivan-Palatek Inc., Heyner UK Ltd., Ciasons Industrial Inc., Hitachi Industrial Equipment, Mat Holdings Inc., Quincy Compressor, VMAC Company, Boge Compressors, Air Squared, Emerson Climate Technologies Inc., Frank Technologies and Oasis Manufacturing.

North America Air Compressor market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume thousand units & revenue in USD million from 2013 to 2024, for the following segments:

Segments Covered in this Report:

North America Air Compressor Market Share, By Product
Portable
Stationary

North America Air Compressor Market Size, By Technology Type

Rotary
Screw
Scroll
Others
Reciprocating
Centrifugal

North America Air Compressor Market Value, By Lubrication

Oil free
Oil filled

Browse Table of Contents @ https://www.graphicalresearch.com/table-of-content/1227/north-america-air-compressor-Market

North America Lubricant Packaging Market Trend,By Application

Home appliances
Food & beverages
Oil & gas
Energy
Semiconductor & electronics
Manufacturing
Healthcare
Medical applications
Dental applications
Other healthcare applications
Mining & construction
Municipal
Others

Browse key industry insights from this Report @ https://www.graphicalresearch.com/industry-insights/1227/north-america-air-compressor-Market

Contact Us:
Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
Web: https://www.graphicalresearch.com

About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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