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U.S. Air Compressed Equipment Market was valued at USD 5 billion in 2023 and is likely to register at a CAGR of around 6% from 2024 to 2032, propelled by the growing product demand from the healthcare sector. Compressed air systems play a crucial role in various applications in the healthcare industry including the manufacturing processes of medical devices.
An air-compressed equipment utilizes compressed air to power various tools and machinery. It includes air compressors that generate pressurized air, which is stored in tanks or released through hoses to operate pneumatic tools such as drills, sanders, and impact wrenches. These systems are versatile, efficient, and widely used across industries for their reliability and ability to perform various tasks.
Report Attribute | Details |
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Base Year: | 2023 |
U.S. Air Compressed Equipment Market Size in 2023: | USD 5 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 6% |
2032 Value Projection: | USD 10 Billion |
Historical Data for: | 2018 - 2023 |
No. of Pages: | 150 |
Tables, Charts & Figures: | 87 |
Segments covered: | Component, End-use Industry |
Growth Drivers: |
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Pitfalls & Challenges: |
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The purchase and installation of air compressed equipment including compressors & associated infrastructure involve substantial capital investments. For businesses, particularly smaller enterprises or those with budget constraints, the upfront costs can be a significant hurdle. This may lead to delays or reluctance in adopting air compressed equipment. Existing businesses operating with older or less efficient compressed air systems may find it challenging to allocate budget resources for upgrading to newer, more advanced equipment. The reluctance to incur high initial costs may lead to the continuation of older, less energy-efficient systems, potentially impacting the overall operational efficiency.
The U.S. air compressed equipment industry is expected to grow significantly, due to the increasing urban population, supportive government policies, and a rise in industrialization & manufacturing. There is a rising demand for compressed air systems in various industries due to their versatility and efficiency in powering pneumatic tools & machinery. Advancements in energy-efficient compressors and the emphasis on reducing carbon footprints have led to the adoption of more eco-friendly & sustainable compressed air solutions.
The integration of smart technologies and IoT in air compressor systems enables remote monitoring and predictive maintenance, optimizing performance & reducing downtime. The market is also witnessing a rapid shift toward oil-free compressors, especially in industries including healthcare and food & beverage, where air quality is critical.
Based on end use, the market is segmented into manufacturing, pharmaceuticals, food & beverage, oil & gas, construction & mining, energy & chemical, automotive, and others. The manufacturing segment dominated the global market with a share of over 40% in 2023.
Based on the component, the market is divided into compressor, treatment equipment, and distribution system. The compressor segment is anticipated to register a CAGR of over 7% through 2032.
Players operating in the U.S. air compressed equipment industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. Industry players also heavily invest in R&D to introduce innovative and technologically advanced solutions in the market.
Major players operating in the U.S. air compressed equipment industry are:
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Market, By Type
Market, By End Use Industry
The above information is provided for the following regions and countries: