April 20, 2022
According to the research report titled ‘North America Air Compressor Market Size By Product (Portable, Stationary), By Technology (Rotary {Screw, Scroll}, Reciprocating, Centrifugal), By Lubrication (Oil-free, Oil-filled), By Application (Home Appliances, Food & Beverages, Oil & Gas, Energy, Commercial, Manufacturing, Healthcare {Medical, Dental}, Mining & Construction, Transportation), COVID-19 Impact Analysis, Country Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 – 2027’, available with MarketStudyReport, North America air compressor market is anticipated to record noteworthy growth over the forecast period 2021-2027.
As per the report findings, factors such as the flourishing automotive sector and well-developed manufacturing sector in the U.S. are the major factors driving North America air compressor market growth.
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Technologies focused on boosting energy efficiency, performance, sustainability, and limiting CO2 emissions are also fueling the product demand. Moreover, widespread use of air compressors in various industrial and non-industrial sectors have fostered industry uptake.
Based on technology type, North America air compressor market share from the screw rotary segment is slated to record a CAGR of 4.7% over 2021-2027, owing to favorable characteristics such as better heat resistance, low-cost maintenance, less initial cost, and better reliability.
From application point of view, the manufacturing segment captured 15.7% revenue share in 2020 and is on track to witness remarkable growth over the analysis period. Compressed air is used by nearly 90% of manufacturing plants in North America, which is poised to drive segmental growth in the upcoming years.
On the other hand, the transportation segment is projected to account for more than 15% of the overall product consumption by the end of 2027. Surging product demand across several applications in the transportation sector, including mainline trains, underground trains, light rail trains, electric buses, hybrid buses, trams, metros, and others is set to propel segmental development in the coming years.
Prominent companies in North America air compressor marketplace are Sullivan-Palatek Inc., Emerson Electric Co., Bauer Compressors Inc., Quincy Compressor LLC, Aerzen Maschinenfabrik GmbH, Ciasons Industrial Inc., Hitachi Industrial Equipment Systems Co. Ltd., and Air Squared Inc.