USD 25.12 billion
North America Air Compressor Market Size, Share, Growth Analysis, By Product(Portable, Stationary), By Technology(Rotary, Screw, Scroll, Others), By Lubrication(Oil-free, Oil-filled), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR20I2267 |
Region:
Regional |
Published Date: April, 2024
Pages:
157
|Tables:
91
|Figures:
76
North America Air Compressor Market Insights
North America Air Compressor Market size was valued at USD 25.12 billion in 2021 and is poised to grow from USD 26.63 billion in 2022 to USD 42.44 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).
The surge in demand for household appliances like refrigerators and air conditioners, coupled with the elevation of living standards, will exert a significant influence on the need for air compressors. Simultaneously, the automotive sector's expansion, escalating mining and oil exploration activities, and advancements in the energy and power generation domains are set to foster positive growth within the regional market. The robust energy and healthcare industries in the U.S. will serve as additional catalysts, further elevating the demand for these products.
The North American compressor market is expected to be propelled by the escalating demand from refineries and petrochemical plants, where compressors play a vital role in various gas-related operations. On the contrary, the growing adoption of renewable energy sources that circumvent the need for compressors could present a restraint. However, the abundance of proven shale reserves in countries like Canada and Mexico is poised to fuel gas transportation needs, thereby opening up numerous opportunities for the North American compressor market.
Given the United States' prominent position in terms of oil and gas refining capacity within the region, it is projected to take the lead in the North American compressor market. The convergence of these factors showcases the intricate interplay of trends, challenges, and opportunities shaping the trajectory of the North American air compressor landscape.
North America Air Compressor Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Oil-filled
Fastest Growth
Oil-filled
Growth Rate
6% CAGR
North America Air Compressor Market ($ Bn
Country Share for North America Region (%)
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North America Air Compressor Market Segmental Analysis
The North American air compressor market is segmented on the basis of product, technology, lubrication, application, region. By product, the market is segmented into portable, stationary. By application, the market is segmented into home appliances, food & beverages, oil & gas, energy, commercial, manufacturing, healthcare, medical, dental, others, mining & construction, transportation, others. By technology, the market is segmented into rotary, screw, scroll, others, reciprocating, centrifugal. By lubrication, the market is segmented into oil-free, oil-filled. By region, the market is segmented into United States, Canada, Rest of North America.
North America Air Compressor Market Analysis By Technology
The rotary air compressor segment is projected to achieve a revenue of USD 13.5 billion, positioning itself as a rapidly expanding market within the technology landscape. This prominence is attributed to the accelerating demand for rotary air compressors, driven by their inherent advantages of remarkable efficiency, economical installation, and minimal maintenance costs. The market's trajectory highlights the trajectory of these compressors toward remarkable growth and penetration.
As industries seek equipment solutions that strike a balance between performance, cost-effectiveness, and environmental sustainability, the trajectory of the rotary air compressors market is poised to be positively influenced. The segment's projected surge underscores the integral role these compressors play in modern industrial processes and positions them as a driving force behind enhanced operational efficiency and reduced carbon footprint.
North America Air Compressor Market Analysis By Lubrication
Categorized by lubrication, the market is divided into oil-filled and oil-free segments. The oil-filled category is projected to assert its dominance, ascending to a valuation of USD 2,455.6 million by 2030. Oil-filled air compressors find extensive application across commercial sectors encompassing energy, manufacturing, and production industries. Renowned for their durability and low noise emission in comparison to their oil-free counterparts, these compressors have garnered widespread adoption.
Contrastingly, the oil-free segment is anticipated to exhibit the highest CAGR throughout the forecast period. This surge can be attributed to the mounting implementation of regulations aimed at curbing emissions and the increasing governmental emphasis on environmental safety. Additionally, the ongoing trends of rapid industrialization and the robust expansion of sectors like manufacturing, food processing, and semiconductors are driving the demand for air compressors.
North America Air Compressor Market By Lubrication
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North America Air Compressor Market Regional Insights
The North American air compressor market presents a dynamic landscape driven by a combination of technological advancements, industrial growth, and regulatory trends. The United States holds a prominent position in the North American air compressor market. Its high oil and gas refining capacity, coupled with robust manufacturing and industrial sectors, propels the demand for air compressors. Leading players in the U.S., such as Ingersoll Rand, Atlas Copco, and Gardner Denver, have established a strong foothold, contributing to the market's competitive landscape. The U.S. also focuses on sustainability, spurring the adoption of oil-free compressors to adhere to stringent environmental regulations.
Canada's vast shale reserves and mining activities necessitate the use of air compressors in gas transportation and other resource-intensive operations. The country's commitment to sustainable practices drives the adoption of advanced and energy-efficient air compressor technologies. Notable players like Sullair and Kaeser Compressors operate within the Canadian market, striving to meet the evolving industrial requirements.
Mexico's burgeoning manufacturing and automotive industries significantly contribute to the demand for air compressors. The country's strategic location as an industrial hub fosters the growth of players like CompAir and Kobelco, catering to various sectors. With a focus on economic growth and increasing energy efficiency, Mexico showcases potential for the air compressor market's expansion.
Across these North American countries, a concerted effort is observed to align with energy efficiency goals and environmental regulations. The market is witnessing a transformation in product offerings to cater to diverse industrial needs, ranging from oil-filled compressors for specific applications to oil-free compressors for emission reduction. The competitive landscape is characterized by established global players alongside emerging regional companies, all vying to capture a share of the growing market. As the region continues to evolve in terms of industrialization, sustainability, and technological progress, the North American air compressor market remains a dynamic and promising arena for innovation and growth.
North America Air Compressor Market By Geography
- Largest
- Fastest
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North America Air Compressor Market Dynamics
North America Air Compressor Market Drivers
Energy Efficiency
- Increasing awareness about energy conservation and stringent environmental regulations drive the adoption of energy-efficient air compressors. Companies seek to reduce energy consumption and emissions, contributing to the market's growth.
Industrial Growth
- North America's thriving industrial sectors, including manufacturing, oil and gas, and automotive, are pivotal drivers for the air compressor market. The need for compressed air for various applications, such as machinery operation and pneumatic tools, boosts demand.
Sustainability Initiatives
- Organizations across North America emphasize sustainable practices. This has led to a shift toward oil-free compressors, which reduce the risk of oil contamination and align with eco-friendly initiatives.
North America Air Compressor Market Restraints
High Initial Costs
- The upfront investment for high-quality air compressors, especially for advanced technologies, can be a significant barrier for small and medium-sized enterprises.
Economic Uncertainties
- Economic fluctuations can impact industries' spending on capital equipment like air compressors. Economic downturns may lead to delayed investments or reduced demand.
Supply Chain Disruptions
- Disruptions in the supply chain, as observed during the COVID-19 pandemic, can impact the availability of components and lead to production delays, affecting the market's growth.
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North America Air Compressor Market Competitive Landscape
The competitive landscape of the North America air compressor market is marked by a mix of established global players and regional manufacturers vying for market share. Prominent companies such as Ingersoll Rand, Atlas Copco, Gardner Denver, Sullair, and Kaeser Compressors hold substantial influence due to their diverse product portfolios and extensive industry experience. These key players are known for their innovative product offerings that cater to various industrial needs and compliance with evolving energy efficiency and sustainability standards. Regional players also play a vital role, addressing specific regional demands and fostering healthy competition. Their agility and ability to adapt to local market nuances contribute to the overall vibrancy of the landscape. Additionally, collaborations, partnerships, and strategic alliances between manufacturers and technology providers further fuel the market's growth potential.
North America Air Compressor Market Top Player’s Company Profiles
- Ingersoll Rand (North Carolina)
- Atlas Copco (Texas)
- Gardner Denver (Wisconsin)
- Sullair (Michigan)
- Kaeser Compressors (New Hampshire)
- Quincy Compressor (Illinois)
- Chicago Pneumatic (Georgia)
- FS-Elliott (Pennsylvania)
- Mattei Compressors (Texas)
- Powerex (Kentucky)
- VMAC (British Columbia, Canada)
- Saylor-Beall Manufacturing (Michigan)
- AireTex Compressors (Texas)
- Sauer Compressors USA (Michigan)
- ELGi Compressors USA (North Carolina)
- Eaton Compressor (Ohio)
- Air Technologies (Ohio)
- C-Aire Compressors (Missouri)
- Air Compressor Works (Florida)
- Air Centers of Florida (Florida)
North America Air Compressor Market Recent Developments
- In March 2023, Atlas Copco announced that it had acquired Quincy Compressor, a manufacturer of air compressors in the United States.
- In February 2023, Kaeser Kompressoren introduced a new line of oil-free air compressors for the North American market.
- In January 2023, Ingersoll-Rand announced the launch of its new line of portable air compressors for the North American market.
North America Air Compressor Key Market Trends
- Hybrid and Variable Speed Compressors: Hybrid compressors combine different technologies for optimized efficiency, while variable speed compressors adjust their output based on demand, reducing energy consumption.
- Digitalization and Industry 4.0: The adoption of Industry 4.0 principles drives the incorporation of digital technologies in manufacturing processes, including air compressors, for improved productivity and reliability.
- Focus on Sustainable Solutions: The increasing emphasis on sustainability prompts manufacturers to develop air compressors with lower emissions, reduced noise levels, and minimal environmental impact.
North America Air Compressor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our North America air compressor market analysis, North America air compressor market is characterized by a blend of established global giants and nimble regional players, collectively driving innovation and competition. The market's growth trajectory is propelled by factors such as increasing demand from industries like manufacturing, energy, and automotive, along with the pressing need for energy-efficient and environmentally sustainable solutions. While the COVID-19 pandemic did introduce challenges and disruptions, the market displayed resilience through the adaptation of strategies like localized distribution centers and embracing digitalization. Technological advancements, particularly in smart and connected compressors, are shaping the industry's evolution toward enhanced efficiency, predictive maintenance, and optimized performance.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 25.12 billion |
| Market size value in 2030 | USD 42.44 billion |
| Growth Rate | 6% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on North America Air Compressor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on North America Air Compressor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the North America Air Compressor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the North America Air Compressor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the North America Air Compressor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the North America Air Compressor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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