Air Compressor Market Overview:
North American Air Compressor Market is expected to garner $6,605 Million by 2020, registering a CAGR of 6.1% during the forecast period 2014 - 2020.
Air compressors supply and monitor air/gas for various industrial and non-industrial activities. They facilitate the gas transfer process in numerous industries across automobiles, food & beverages, air blast circuits, chemical plants, pharmaceuticals, oil extraction, transport and many more. The advent of energy efficient air compressors, which are available in portable models, are largely being adopted across numerous industrial activities. The developments of recent air compressors, which reduce the maintenance costs, are well received by numerous buyers from different industries. The air contamination due to oil lubrication and noisy operations of oil-free compressors is a major area of concern, limiting the adoption of air compressors. However, efforts from key players in Air Compressor Market to develop efficient air compressors, should limit the air contamination and noise generation. With innovations in the technology, air compressors would receive a higher adoption in construction activities, especially in developing countries. The revival of stalled infrastructural projects due to recession in U.S. could increase the air compressor adoption in North America region for the next few years.
With technological innovations, air compressors are likely to be adopted in construction activities, especially in North America. The revival of stalled infrastructural projects because of recession in the U.S. is likely to increase air compressor adoption in the region over the next few years. In addition, companies have launched new products to increase their market penetration, especially for rotary air compressors. The efficiency, reliability and productivity of rotary air compressors in heavy-duty applications has fostered their Air Compressor market adoption in industrial activities.
The North American air compressor market is segmented on the basis of type, technology, lubrication method, and country. The type segment includes portable and stationary air compressors. Portable air compressors segment is forecast to grow at a notable CAGR of 7.8% from 2016 to 2021, due to its applications in industries such as FMCG, pharmaceuticals, and electronics assembling. In accordance to technology, air compressors are classified as rotary, centrifugal, and reciprocating. Rotary air compressor would be the highest revenue-generating segment throughout the analysis period, owing to 100% duty cycle capacity and capability to operate continuously.
Based on the lubrication method, the Air Compressor market is segregated as oil-lubricated and oil-free air compressors. The oil-free air compressors are advantageous over oil lubricated air compressors, owing to uninterrupted supply of oil-free air/gas. Oil-free compressors are used in variety of applications including pharmaceuticals, food & beverages, and electronic assembling. For an in-depth analysis, the market has been studied across the major North American countries which include United States, Canada and Mexico.
Most of the companies analyzed in this report have adopted product launch as their key strategy, with majority of them focusing on Rotary air compressors. Rotary air compressors have gained increasing attention from key market players, such as Atlas Copco, Ingersoll Rand, Sulzer Ltd., Mitsubishi Heavy Industries, and Sullair, which have launched rotary air compressors with new features. Other key players in the Air Compressor market include Ebara Corp., Kobe steel, Ltd., VMAC, Campbell Hausfeld, and Porter-Cable.
Comprehensive analysis of current and future market trends in the North American air compressor market have been provided in this report
The report provides an in-depth analysis of North American air compressor market to identify lucrative investment pockets in the market
The report identifies key drivers, opportunities and restraints that shape the market and provide an impact analysis of these factors over the forecast period
Porters Five Forces analysis highlights the potency of buyers and suppliers participating in this market. This would offer a competitive advantage to stakeholders to make profit-oriented business decisions and help strengthen their supplier and buyer network
SWOT analysis of key market players highlight the essential strengths and potential opportunities in the market
Air Compressor Market Key Segmentation:
The market is segmented on the basis of type, technology, lubrication type, and countries in North America.
By Lubrication Type
- Atlas Copco
- Ingersoll Rand
- Suzler Ltd.
- Mitsubishi Heavy Industries
- Ebara Corp.
- Kobe Steel
- Campbell Hausfeld
- Porter Cable