Published Date: 2020-10-19
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According to the Graphical Research new growth forecast report titled North America Portable Air Compressor Market Value Estimated to Surpass USD 1 Bn by 2026. North America is expected to exhibit promising gains owing to proliferating oil & gas, food & beverage, mining & construction industries across the region. Ongoing expansion of several food & beverage manufacturers in the region coupled with a positive outlook for the electronics industry will drive the sales of portable air compressors. According to the Semiconductor Industry Association, in 2018, the global semiconductor sales reached around USD 468.8 billion and the U.S. accounts for around 47% of this sale.
Presence of a wide range of products from small to large sizes will enhance the efficiency of new products along with easy transportation, in turn driving the sales of mobile air compressors across the region. Further development in electric power compressors and low maintenance requirements of these mobile air compressors are the key factors driving market growth. The development of lightweight compressors ensures easy maneuverability and engine combination with a powerful screw element to offer low fuel consumption.
Based on technology, the reciprocating portable air compressor segment is expected to reach around USD 115 million by 2026. These products are used in several small workshops due to easy operations and portability. Reciprocating compressors are used in high-fluctuation operations with load peaks, especially in workshops, construction, and small industries. Additionally, development of new products and expansion of production facilities are supporting segment growth.
Oil-free portable air compressor is expected to grow at a CAGR of around 5% from 2020 to 2026. Efficient operations at lower costs, lower maintenance, and the adoption of variable speed compressors are the key factors driving the sales of these types of compressors. Oil-free air technology enables the removal of expensive filter equipment, thereby lowering operational costs. Hygiene and contaminant-free products are the utmost important factors in the pharmaceutical and food & beverage industries. Oil-free compressors fulfill the requirement for high-quality air in critical industries, thereby supporting product growth.
Manufacturing applications are expected to generate over USD 300 million revenue by 2026 in the North America portable air compressor market. Expansion of several manufacturing facilities in the region supported by government policies and the growing demand for chemical products will drive market growth. The U.S. chemical product sector from manufacturing application accounts for around USD 350 billion in 2017.
Canada portable air compressors accounted for over 20% of the total share in 2019. Increasing demand for technologically advanced compressors in mining applications will catalyze the segment growth. Furthermore, healthcare was one of the prominent application segments and accounted for over USD 11 million in the Canada portable air compressor market. Air compressors have wide applications in the medical and other healthcare areas.
Some of the prominent companies operating in the North America portable air compressor market include Gardner Denver, Inc., Sullair, LLC, Atlas Copco, Rolair Systems, Kaeser Kompressoren SE, Doosan Portable Power, Vanair Manufacturing, Inc., and others.
The North America portable air compressor market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2016 to 2026 for the following segments:
Market Share, By Technology
Market Size, By Lubrication
Market Value, By Application
The above information is provided on a country basis for the following:
North America
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