Press release
North America Air Compressor Market Outlook- 2023 | Drivers, Restraints and Opportunities
According to a new report by Allied Market Research, titled, North America Air Compressor Market by Type, Technology, Lubrication Method, And Country: Opportunity Analysis and Industry Forecast, 2016-2023, 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.Download PDF Brochure @ https://www.alliedmarketresearch.com/request-sample/590
The major factors that drive the market are high energy efficiency, low maintenance cost, environmental friendliness, portability, and ability to deliver variation in supplied pressure support the market growth. In addition, growth associated with end-use industries, surge in requirement for technologically advanced products, and rise in application areas also boost the growth of the North America air compressor market. On the other hand, some of the restraints associated with this market are increase in cost of raw material, noise pollution, emission of contaminated compressed air, bulky size, and others.
The increase in the number of industrial infrastructure projects, and the ever-increasing investment across all the process industries, especially oil & gas industry supplements the market growth across various industry domains. Further, penetration of IoT, initiatives such as Industry 4.0, and technological advancements related to new product development are expected to fuel the market demand during the forecast period. Wide-scale adoption of air compressors in industrial and personal applications is expected to drive the North American air compressor market growth.
Key Segments
The North America air compressor market is segmented based on type, technology, lubrication method, and country. The type segment is bifurcated into portable and stationary air compressors. In accordance to the technology, air compressors are classified as rotary, centrifugal, and reciprocating. Based on the lubrication method, the market is classified into oiled and oil-free air compressors. To gain a diverse insight, the market is analyzed across major countries in North America. Based on countries, the North America air compressor market is analyzed across the U.S., Mexico, and Canada.
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Top Impacting Factors
The North American air compressor market is influenced by numerous factors, including growth potential from varied industries, high adoption due to availability of energy-efficient products, demand for technologically advanced & low-cost products, and others. These factors collectively provide opportunities for the North American air compressor market growth. However, each factor has its definite impact on the market.
Key Players
Atlas Copco
Ingersoll Rand
Suzler Ltd.
Mitsubishi Heavy Industries
Ebara Corp.
Sullair
Kobe Steel
VMAC
Campbell Hausfeld
Porter Cable
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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