November 18, 2020
According to the research report titled ‘North America Portable Air Compressor Market Size, By Lubrication, Technology, Application, Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’ available with market Study Report LLC, North America portable air compressor market is anticipated exceed a valuation of USD 1 billion by the year 2026.
Industry experts claim that growing efforts by food & beverage manufacturers towards regional expansion, rapid growth in the consumer electronics vertical, and flourishing mining & construction, food & beverage, and oil & gas industries are augmenting the growth of North America portable air compressor market.
Furthermore, availability of wide variety of products in terms of size, low maintenance requirements of associated with portable compressed air solutions, advancements in electric power compressors, and beneficial attributes of the product such as light weight, fuel efficiency, and easy maneuverability are stimulating the industry outlook in North America.
Based on technology, North America portable air compressor industry from the reciprocating segment is predicted to account for around USD 115 million by the end of the study period. Emergence of innovative products, rising adoption of the product across small industries, construction sites, and workshops, and advantageous factors of the compressors such as portability and easy operations are fostering the expansion of the segment.
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With regards to lubrication type, the oil-free segment is projected to exhibit a 5% CAGR over 2020-2026. Low maintenance requirements, increasing adoption of variable speed compressors, escalating demand from the food & beverage sector, and beneficial attributes such as low operational costs, high efficiency, and ability to ensure hygiene of the products are propelling the growth of the segment.
Moving on to end-use terrain, the manufacturing segment of North America portable air compressor market is expected to garner a total revenue of USD 300 million by the year 2026. Favorable government initiatives, surging demand for chemical products, and expansion of numerous manufacturing facilities are fueling the growth of the segment.
As per the country-level analysis of the report, Canada reflected around 20% of the total revenue share of North America portable air compressor industry in the year 2019 and is predicted to show similar growth trends during the analysis timeframe. Rising adoption of the product in the healthcare sector coupled with escalating demand for technologically advanced compressors for mining applications are bolstering the expansion of the regional market.
Prominent companies that define the North America portable air compressor industry trends are BelAire Compressors, Vanair Manufacturing, Inc., Quincy Compressor LLC, MAT Holdings, Inc., Ciasons Industrial, Inc., Sullivan-Palatek, Inc., Doosan Portable Power, ROLAIR Compressors, Kaeser Kompressoren SE, Ingersoll Rand, Inc. (formerly Gardner Denver Inc., Sullair, LLC, and Atlas Copco Group.
Question and Answers: North America Portable Air Compressor Market
Q1) Which factors are driving the growth of North America portable air compressor market?
Answer: Growing efforts by food & beverage manufacturers towards regional expansion, rapid growth in the consumer electronics vertical, and flourishing mining & construction, food & beverage, and oil & gas industries are augmenting the growth of North America portable air compressor market.
Q2) What are the growth prospects of Canada portable air compressor industry through 2026?
Answer: Rising adoption of the product in the healthcare sector coupled with escalating demand for technologically advanced compressors for mining applications are bolstering the expansion of Canada portable air compressor market over 2020-2026.
Q3) Which companies define the competitive landscape of North America portable air compressor market?
Answer: Key participants of North America portable air compressor market are Doosan Portable Power, ROLAIR Compressors, Kaeser Kompressoren SE, Ingersoll Rand, Inc. (formerly Gardner Denver Inc., Sullair, LLC, and Atlas Copco Group among others.