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North America Air Compressor Market Size to Attain USD 35 Bn by 2026
Published Date: 2020-09-17
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According to the Graphical Research new growth forecast report titled North America Air compressor Market Share will surpass USD 35 billion by 2026. North America is presently witnessing a significant demand for air compressors owing to the developed healthcare and food & beverage industry in the region. The healthcare segment, which includes medical & pharma, is one of the fastest-growing segments and will witness exponential growth over the coming years. The region has a large number of hospitals and diagnostic centers, driving the medical application segment in the region. The expanding food & beverage industry in the region will further enhance the regional scroll air compressor demand in the coming years. The mature semiconductor & electronics industries in the U.S. and a high demand for electronic appliances will also boost air compressor demand over the coming years.
However, government agencies in the U.S. have formulated regulations on the level of sound produced from air compressors based on which it cannot generate sound over 76 decibels. Such guidelines will propel the air compressor manufacturing cost, hampering the air compressor market development.
The stationary air compressor market registered over USD 25 billion in 2019. Stationary compressors are the most widely used since they are capable of supplying more air at higher pressures when compared to portable types. Likewise, rotary compressors are likely to be the fastest-growing ones in the near future. These compressors are mostly used in applications that require high-capacity compressed air at a continuous rate. Oil-filled air compressors led the global industry and accounted for over 60% share in 2019. These compressors are bulky and highly durable due to efficient lubrication. The increase in consumer spending power is a positive growth indicator in the automotive industry, which will subsequently boost the overall air compressor market growth by 2026.
The key industry participants include Emerson Electric Co., Gardner Denver, Inc., Elgi Equipments Ltd., Ingersoll-Rand plc, Atlas Copco, Sullair, Kaeser Compressors, and Sullivan-Palatek, Inc.
The North America air compressor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026 for the following segments:
Segments Covered in this Report:
Market, By Product
Market, By Technology
Market, By Lubrication
Market, By Application
- Home appliances
- Food & beverage
- Oil & gas
- Mining & construction
The above information is provided on a country basis for the following:
- North America