Air Compressor Market in North America worth $30 Bn by 2027

North America Air Compressor Market size is slated to exceed USD 30 billion by 2027, according to a new research report by Global Market Insights Inc.
 

The production of several automobiles & home appliances and the scope of product application in numerous sectors, such as healthcare, construction, electronics, manufacturing & others, will drive air compressor industry demand in the region. Household appliances have become a major application sector. Additionally, developments in home appliances along with newer & compact models paired with user-friendly modes will further support the market growth.
 

However, lockdown and quarantine measures imposed in North America to combat the COVID-19 pandemic have limited production & supply, negatively affecting industry statistics. Nevertheless, government initiatives to boost economic activity and an uptick in product demand from end-use industries are estimated to augment the market revenue.
 

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Portable air compressors to witness high growth

The portable air compressor market segment from North America is poised to acquire high growth potential with nearly 8% till 2027. These compressors are ideal for use in industries where compressed air is required at several locations. Increasing oil & gas exploration & mining activities and the rising number of offshore oil rigs coupled with increasing construction activities in developing countries will fuel the industry expansion.
 

Browse key industry insights spread across 170 pages with 113 market data tables & 31 figures & charts from the report, “North America Air Compressor Market Size By Product (Portable, Stationary), By Technology (Rotary {Screw, Scroll}, Reciprocating, Centrifugal), By Lubrication (Oil-free, Oil-filled), By Application (Home Appliances, Food & Beverages, Oil & Gas, Energy, Commercial, Manufacturing, Healthcare {Medical, Dental}, Mining & Construction, Transportation), COVID-19 Impact Analysis, Country Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 – 2027”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/north-america-air-compressor-market
 

Reciprocating compressors to dominate product demand

The regional reciprocating air compressor segment is set to capture 50% of the revenue share by 2027. Air compressors with this technology are extensively used in industrial & manufacturing applications to control pneumatic tools & equipment with a power requirement of less than 30 hp. However, over the last few years, reciprocating compressors are slowly being substituted by the rotary types due to better performance & reliability of the latter.
 

The food & beverage sector to foster growth

The food & beverages application sector is anticipated to witness a CAGR of about 6%, which is the highest among other application sectors. North America, led by the U.S., has a high number of refrigerated warehouses for storing agricultural products and will have a significant influence on air compressor market demand in the region. The rising adoption for packaged food items in the region will also spur product usage in the F&B sector.
 

Acquisitions and product launches to reinforce the market foothold

Key air compressor producers are focusing on acquisitions, new product launches, partnerships, and other strategic activities to gain a competitive advantage and enhance their revenue generation. For instance, in February 2021, Sullair LLC. launched a mid-range portable lubricated rotary screw air compressor that can be incorporated with the electronic spiral valve technology. Such plans lead to product innovation, which will bring forth new customers and thereby expand the market size.
 

Some of the prominent air compressors market players in North America include Atlas Copco, Sullair, LLC, Gardner Denver, Inc., Kaeser Kompressoren, Ingersoll-Rand Plc, Rolair Systems, Elgi compressor USA Inc., Hitachi Industrial Equipment Systems Co., Ltd., Ciasons Industrial, Inc., Aerzener Maschinenfabrik GmbH (Aerzen), Quincy Compressor, Bauer Compressors, Inc., Emerson Climate Technologies, Inc., and Sullivan-Palatek, Inc., among others.