North America Portable Air Compressor Market Growth was around USD 874 million in 2019 and will grow at a CAGR of 4.8% up to 2026.
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The proliferating building & construction, manufacturing, food & beverage, and other industries are expected to drive the North America portable air compressor market over the projected timeframe. A portable air compressor provides several advantages such as on-demand air, lightness, compactness, and energy-efficiency, among others. Development of new technologies and expansion of several industries in the region are supporting the sales of mobile air compressors. Furthermore, customization availability to offer easy maneuverability and transportation will increase their usage in several end-user applications.
According to the American Society of Mechanical Engineers, in 2018, the U.S. value-added manufacturing sector grew by around 7%. Further the U.S. manufacturing sector in 2018, was around USD 2.3 trillion and accounts for around 11.4% of the total economic output. Additionally, expansion of several industrial projects in the region along with the Trump Administration’s new policies to enhance the domestic mining industry will further drive product demand. For instance, in June 2019, the Trump Administration released a new strategy to strengthen the supply of critical minerals in the states, limiting dependency on imports of critical minerals including lithium, aluminum, magnesium, and graphite, among others.
Technological innovations and development of new product series are driving the sales of advanced portable air compressors in the region. New compressor models are equipped with an advanced alternator and a battery cut-off switch for enhancing safety. Furthermore, these models are lightweight compared to conventional mobile compressors and do not require an additional specific driving license to tow such devices from one place to another. For instance, in July 2017, Atlas Copco launched the 8 Series, a range of 10 new compressor models that fall below the 750 kg limit. The new series consumed an average of 12% less fuel compared to other mobile compressors.
Rotary mobility compressor dominates the market with around 88% revenue shares in 2019. Innovative product portfolio, energy-efficient, and low noise levels are supporting the usage of these types of products. Rotary screw compressors work on a positive displacement mechanics that involve fewer rotating components and require low maintenance throughout the product’s life cycle. Additionally, it has an optimum run capacity and an ability to operate continuously for a longer time.
Based on lubrication type, the North America oil-filled portable air compressor market generated around USD 646 million. Oil-lubricated products are used for a longer time in several end-user applications where compressed air is required at multiple applications. The availability of a wide range of product portfolio coupled with the adoption of technologies, such as energy recovery systems, enables the user to minimize energy costs during the product’s life cycle.
Based on application, the mining & construction segment is expected to showcase significant growth at a CAGR of around 5% from 2020 to 2026. Supportive mining policies and governments’ plans to enhance domestic mineral production are expected to drive product demand. Canada is among the major countries in the production of certain metals and minerals including gold, potash, uranium, nickel, and aluminum, among others. In 2016, the country possesses 200 mines along with 7,000 quarries with an output of around 41 billion.
The U.S. portable air compressor market dominated the regional market with over three-fourth of the revenue in 2019. The positive outlook of the pharmaceutical, food & beverage, manufacturing, mining & construction, healthcare industries is driving the sales of portable air compressors. Furthermore, the entry of new industry participants in the region will drive market growth. For instance, in March 2020, ELGi Equipments Limited announced entry into the U.S. to distribute its Rotair brand of portable air compressor across the region.
Some of the prominent industry players operating in the North America portable air compressor industry are Atlas Copco, Sullair, LLC, Gardner Denver, Inc., Kaeser Kompressoren SE, Rolair Systems, and Doosan Portable Power, among others. Product launch, expansion of distribution network, strategic mergers & acquisitions are among the major strategies applied by product manufacturers to enhance their market share in the regional portable air compressor market.