North America air compressor Market to Grow at a CAGR of 3.68% and Reach $7,754 million by 2028

The North America air compressor market is expected to grow significantly over the forecast period. This is attributed to the increasing demand for energy efficient and cost-effective solutions among industrial and commercial users. Growing demand for compressed air in manufacturing industries such as automotive, electrical & electronics, food & beverages, and chemical & pharmaceutical is expected to drive the demand for air compressors in the region.

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, 2019-2028, the North America Air Compressor market was valued at $4,475 million in 2019, and is projected to reach at $7,754 million by 2028, growing at a CAGR of 3.68% from 2019 to 2028. Stationary and rotary segments possess the maximum growth potential and are expected to create lucrative opportunities for industry players.

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The market is also witnessing a surge in demand for advanced solutions such as oil-free and variable speed compressors. This is attributed to the need for a reliable and energy-efficient solution. Moreover, the need for a cost-effective solution is driving the adoption of air compressor systems in various end-user industries.

Moreover, the growing need for energy-efficient solutions is driving the adoption of high-efficiency air compressors in industrial applications. This is expected to provide a significant boost to the market in the coming years. Additionally, the increasing adoption of compressed air systems in the medical, pharmaceutical, and chemical industries is expected to drive the market growth.

Moreover, the increasing demand for energy-efficient solutions is expected to drive the adoption of compressed air systems in residential applications. This is expected to provide significant opportunities for market players in the coming years. Furthermore, the increasing demand for compressed air solutions in the industrial sector is expected to create opportunities for market players in the coming years.

Overall, the North America air compressor market is expected to witness significant growth over the forecast period. The increasing adoption of energy-efficient solutions is expected to be a major factor driving the market growth. Additionally, the increasing demand from various end-user industries is expected to create lucrative opportunities for market players in the coming years.

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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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