North America Air Compressor Market Analysis

North America Air Compressor Market Analysis

The impact of the COVID-19 was severe, which led to substantial losses in revenue caused by the plummeted demand from end-use sectors. The COVID-19 pandemic significantly impacted the overall value chain of air compressors. Major end-user industries witnessed substantial revenue losses owing to decreased consumption of end-use products. However, industry stakeholders have adapted to the new normal after being exposed to vulnerabilities in the global supply chain and taking effective measures for the same. For instance, market players are establishing more localized distribution centers to avoid losses from similar unanticipated conditions.

Stationary air compressors market is expected to dominate the demand with capturing around 90% of the revenue share by 2027 as they are suitable for use in a wide range of products and applications. Growth in the U.S automotive industry along with the increasing demand for home appliances will also augment the segment growth.

To get key market trends

  Download Free Sample

 

Rotary air compressors segment is poised to generate USD 13.5 billion revenue by 2027 and is anticipated to emerge as the fastest-growing market by the technology. The demand for rotary air compressors is increasing owing to their benefits such as high efficiency, low installments, and low upkeep costs. Moreover, companies are investing significant resources for developing rotary air compressors with higher capacities and low energy consumption, which will fuel the product penetration.
 

The oil-free air compressors market in North America is projected to showcase a growth rate of about 4.5% through 2027 driven by the ability to deliver clean & oil-free air and lightweight products. However, the promising outlook of the electronics industry will positively influence the segment demand. Furthermore, expansion in the healthcare sector will have a significant impact on oil-free air compressors due to the need for clean & uncontaminated air. For instance, healthcare spending reached USD 4.1 trillion in 2020 and is likely to increase in the future.
 

 

The demand for air compressor in home appliances application in North America is set to account for 35 million units by 2027 owing to the rising production of home appliances. The U.S. captured a major share in the freezer & refrigerator exports in 2017. Robust economic growth, urbanization, and rising income levels of consumers in the region will propel the household appliances market growth, in turn, boosting the air compressors demand.