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North America Air Compressor Market Size

Report ID: GMI5186
Published Date: Jan 2022
Report Format: PDF

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North America Air Compressor Market Size

North America Air Compressor Market size valued at USD 23.7 billion in 2020 and is estimated to exhibit 4.3% CAGR from 2021 to 2027. Various application areas of air compressors in the U.S. and Canada will aid industry expansion.

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Increasing demand for home appliances, such as refrigerators and air conditioners, in conjunction with the enhancing living standards will significantly influence demand for air compressors. Additionally, growing automobile demand, increasing mining & oil exploration activities, and developments in the energy and power generation sectors are likely to positively drive regional market growth. The highly potential energy and healthcare industries in the U.S. will further boost product demand.

North America Air Compressor Market Report Attributes
Report Attribute	Details
Base Year:	2020
North America Air Compressor Market Size in 2020:	23,688.0 Million (USD)
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	4.3%
2027 Value Projection:	31,743.3 Million (USD)
Historical Data for:	2017 to 2020
No. of Pages:	176
Tables, Charts & Figures:	144
Segments covered:	Product, Technology, Lubrication, Application, and Country
Growth Drivers:	High growth in the household appliance market High growth of the automotive industry Technological advancements in air compressors Mature manufacturing industry in the U.S
Pitfalls & Challenges:	Stringent regulations for utilization of air compressors Growing popularity of rental services

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Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The market size of North America air compressor crossed USD 23.7 billion in 2020 and is pegged to strike a 4.3% CAGR up to 2027, says this GMI report.

The demand for stationary air compressors in North America is likely to capture more than 90% of the total market revenue share by 2027 led by higher penetration in air conditioners, refrigerators, automobiles, warehouses, manufacturing facilities, workshops, and others.

North America rotary air compressors segment is predicted to reach USD 13.5 billion through 2027 impelled by benefits, like high efficiency, low installments, and low upkeep costs.

The regional demand for air compressors from home appliances application is likely to generate over 35 million units by 2027 driven by higher usage in refrigerators & air conditioners.