Product Code: GVR-4-68040-169-7
North America Air Compressor Market Size Growth & Trends
The North America air compressor market is anticipated to reach USD 5.96 billion by 2030 and is projected to grow at a CAGR of 3.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing demand for air compressors can be attributed to industrial expansion, increased energy efficiency, environmental considerations, technological advancements, and its diverse applications in various industries.
The growing adoption of variable-speed systems with low maintenance costs and effective operations are some factors fueling the demand for air compressors for use in various key end-use industries. In addition, energy-efficient compressors are witnessing surged adoption in North America owing to their cost-effective operations. High investment in R&D to improve technology efficiency and the rising adoption of the technology by small and medium-scale end-users is expected to further expected to drive the market growth. For instance, Jenny, a stationary electric compressor manufacturer provides horizontal- and vertical-tank electric stationary compressors in singles-stage or two-stage. This compressor features a heavy-duty, two-stage cast-iron compressor pump.
The market is also witnessing technological advancements such as in water lubricated oil-free screw compressors, low-pressure screw compressors, variable speed drive (VSD) compressors, and others. such as VSD compressors are gaining popularity due to their energy efficiency. They can adjust their speed according to the demand, resulting in energy savings compared to fixed-speed compressors. For instance, the air compressor equipped with Variable Speed Drive (VSD) can automatically adapt its operating speed to match the real-time demand for compressed air production.
North America Air Compressor Market Report Highlights:
- Based on type segment Stationary air compressors experienced a remarkable growth with more than 50% share in 2023, as these compressors are ideal for use in manufacturing plants, industrial plants, and auto repair shops
- The rotary/screw product segment is expected to grow at the fastest CAGR over the forecast period
- The oil-filled lubrication segment held the largest market share of 61.2% in 2023. Oil-filled air compressors are widely used in the energy, manufacturing, and chemical industries
- Manufacturing segment of the market dominated the application segment with more than 40% share in 2023. Major manufacturing processes require specialized air compressors designed to meet specific needs, such as high-pressure compressors for certain industries
- U.S. dominated the market owing to growing emphasis on energy efficiency and sustainability. With environmental concerns becoming increasingly important, many businesses and industries have been actively seeking energy-efficient compressor solutions to reduce their carbon footprint and operating costs
- In April 2023, Atlas Copco completed the acquisition of Shandong Bozhong Vacuum Technology Co., Ltd., an innovator and manufacturer of vacuum systems and pumps. The acquired company became a division of the industrial vacuum division in the vacuum technique business segment of Atlas Copco
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. North America Air Compressor Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Segmentation & Scope
- 3.3. Penetration & Growth Prospect Mapping
- 3.4. Market Size and Growth Prospects (USD Billion)
- 3.5. Industry Value Chain Analysis
- 3.6. Vendor Matrix
- 3.7. Regulatory Framework
- 3.8. Market Dynamics
- 3.8.1. Market Drivers Analysis
- 3.8.2. Market Restraints Analysis
- 3.8.3. Market Opportunity Analysis
- 3.8.4. Market Challenges Analysis
- 3.9. North America Air Compressor Market Analysis Tools
- 3.9.1. Porter's Analysis
- 3.9.1.1. Bargaining power of the suppliers
- 3.9.1.2. Bargaining power of the buyers
- 3.9.1.3. Threats of substitution
- 3.9.1.4. Threats from new entrants
- 3.9.1.5. Competitive rivalry
- 3.9.2. PESTEL Analysis
- 3.9.2.1. Political landscape
- 3.9.2.2. Economic and Social landscape
- 3.9.2.3. Technological landscape
- 3.9.2.4. Environmental landscape
- 3.9.2.5. Legal landscape
- 3.10. Economic Mega Trend Analysis
Chapter 4. North America Air Compressor Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. North America Air Compressor Market: Type Movement Analysis, 2023 & 2030 (USD Billion )
- 4.3. Stationary
- 4.3.1. Stationary Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 4.4. Portable
- 4.4.1. Portable Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
Chapter 5. North America Air Compressor Market: Product Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. North America Air Compressor Market: Product Movement Analysis, 2023 & 2030 (USD Billion )
- 5.3. Reciprocating
- 5.3.1. Reciprocating Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 5.4. Rotary/Screw
- 5.4.1. Rotary/Screw Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 5.5. Centrifugal
- 5.5.1. Centrifugal Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
Chapter 6. North America Air Compressor Market: Lubrication Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. North America Air Compressor Market: Lubrication Movement Analysis, 2023 & 2030 (USD Billion )
- 6.3. Oil Free
- 6.3.1. Oil Free Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 6.4. Oil Filled
- 6.4.1. Oil Filled Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
Chapter 7. North America Air Compressor Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. North America Air Compressor Market: Application Movement Analysis, 2023 & 2030 (USD Billion )
- 7.3. Manufacturing
- 7.3.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 7.4. Food & Beverage
- 7.4.1. Food & Beverage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 7.5. Semiconductor & electronics
- 7.5.1. Semiconductor & electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 7.6. Healthcare/Medical
- 7.6.1. Healthcare/Medical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 7.7. Oil & Gas
- 7.7.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 7.8. Home Appliances
- 7.8.1. Home Appliances Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 7.9. Energy
- 7.9.1. Energy Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 7.10. Others
- 7.10.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
Chapter 8. North America Air Compressor Market: Operating Mode Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. North America Air Compressor Market: Operating Mode Movement Analysis, 2023 & 2030 (USD Billion )
- 8.3. Electric
- 8.3.1. Electric Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 8.4. Internal Combustion engine
- 8.4.1. Internal Combustion engine Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
Chapter 9. North America Air Compressor Market: Power Range Estimates & Trend Analysis
- 9.1. Segment Dashboard
- 9.2. North America Air Compressor Market: Power Range Movement Analysis, 2023 & 2030 (USD Billion )
- 9.3. up to 20 kW
- 9.3.1. up to 20 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 9.4. 21-50 kW
- 9.4.1. 21-50 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 9.5. 51-250 kW
- 9.5.1. 51-250 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 9.6. 251-500 kW
- 9.6.1. 251-500 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 9.7. over 500 kW
- 9.7.1. over 500 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
Chapter 10. North America Air Compressor Market: Country Estimates & Trend Analysis
- 10.1. North America Air Compressor Market Share, By Country, 2023 & 2030, USD Billion
- 10.2. North America
- 10.2.1. North America North America Air Compressor Market Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 10.2.2. U.S.
- 10.2.2.1. U.S. Air Compressor Market Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 10.2.3. Canada
- 10.2.3.1. Canada Air Compressor Market Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
- 10.2.4. Mexico
- 10.2.4.1. Mexico Air Compressor Market Estimates and Forecasts, 2018 - 2030 (USD Billion, Units)
Chapter 11. Competitive Landscape
- 11.1. Recent Developments & Impact Analysis, By Key Market Participants
- 11.2. Key Company/Competition Categorization
- 11.3. Company Market Positioning
- 11.4. Competitive Dashboard Analysis
- 11.5. Company Market Share Analysis, 2023
- 11.6. Company Heat Map Analysis
- 11.7. Strategy Mapping
- 11.7.1. Expansion
- 11.7.2. Mergers & Acquisition
- 11.7.3. Partnerships & Collaborations
- 11.7.4. New Product Launches
- 11.7.5. Research And Development
- 11.8. Company Profiles
- 11.8.1. Atlas Copco
- 11.8.1.1. Participant's Overview
- 11.8.1.2. Financial Performance
- 11.8.1.3. Product Benchmarking
- 11.8.1.4. Recent Developments
- 11.8.2. BAUER COMP Holding GmbH
- 11.8.2.1. Participant's Overview
- 11.8.2.2. Financial Performance
- 11.8.2.3. Product Benchmarking
- 11.8.2.4. Recent Developments
- 11.8.3. Hitachi Industrial Equipment Systems Co. Ltd.
- 11.8.3.1. Participant's Overview
- 11.8.3.2. Financial Performance
- 11.8.3.3. Product Benchmarking
- 11.8.3.4. Recent Developments
- 11.8.4. Ingersoll Rand
- 11.8.4.1. Participant's Overview
- 11.8.4.2. Financial Performance
- 11.8.4.3. Product Benchmarking
- 11.8.4.4. Recent Developments
- 11.8.5. KAESER KOMPRESSOREN
- 11.8.5.1. Participant's Overview
- 11.8.5.2. Financial Performance
- 11.8.5.3. Product Benchmarking
- 11.8.5.4. Recent Developments
- 11.8.6. MAT Holding, Inc.
- 11.8.6.1. Participant's Overview
- 11.8.6.2. Financial Performance
- 11.8.6.3. Product Benchmarking
- 11.8.6.4. Recent Developments
- 11.8.7. Hanwha Power Systems CO., LTD.
- 11.8.7.1. Participant's Overview
- 11.8.7.2. Financial Performance
- 11.8.7.3. Product Benchmarking
- 11.8.7.4. Recent Developments
- 11.8.8. Sullair LLC
- 11.8.8.1. Participant's Overview
- 11.8.8.2. Financial Performance
- 11.8.8.3. Product Benchmarking
- 11.8.8.4. Recent Developments
- 11.8.9. Doosan Portable Power
- 11.8.9.1. Participant's Overview
- 11.8.9.2. Financial Performance
- 11.8.9.3. Product Benchmarking
- 11.8.9.4. Recent Developments
- 11.8.10. Sullivan-Palatek, Inc.
- 11.8.10.1. Participant's Overview
- 11.8.10.2. Financial Performance
- 11.8.10.3. Product Benchmarking
- 11.8.10.4. Recent Developments
- 11.8.11. ELGi
- 11.8.11.1. Participant's Overview
- 11.8.11.2. Financial Performance
- 11.8.11.3. Product Benchmarking
- 11.8.11.4. Recent Developments
- 11.8.12. FS-ELLIOT CO., LLC
- 11.8.12.1. Participant's Overview
- 11.8.12.2. Financial Performance
- 11.8.12.3. Product Benchmarking
- 11.8.12.4. Recent Developments
- 11.8.13. ZEN AIR TECH PRIVATE LIMITED
- 11.8.13.1. Participant's Overview
- 11.8.13.2. Financial Performance
- 11.8.13.3. Product Benchmarking
- 11.8.13.4. Recent Developments
- 11.8.14. Frank Technologies Private Limited
- 11.8.14.1. Participant's Overview
- 11.8.14.2. Financial Performance
- 11.8.14.3. Product Benchmarking
- 11.8.14.4. Recent Developments
- 11.8.15. Oasis Manufacturing
- 11.8.15.1. Participant's Overview
- 11.8.15.2. Financial Performance
- 11.8.15.3. Product Benchmarking
- 11.8.15.4. Recent Developments