Segmentation by Category (Portable, and Stationary); by Product Type (Positive Displacement, and Dynamic Displacement Compressor); by Pressure (0 Bar – 20 Bar, 20 Bar – 100 Bar, and Above 100 Bar); by Output Power (50kW – 100kW, 100kW – 250kW, 250kW – 500kW, and Above 500kW); by Seal Type {Lubricated (Wet Air Compressor), and Oil Free (Dry Air Compressor)}; by End-Use Industry – Demand Analysis & Opportunity Outlook 2020-2030
Buy NowUnited States (U.S.), Canada, and Mexico Air Compressor Market TOC
The air compressor market is segmented by category into portable and stationary. In the United States, the portable segment is anticipated to grow with the highest CAGR of 5.68% during the forecast period, while in Canada and Mexico, the same segment is projected to grow with the highest CAGR of 4.13% and 4.87% respectively during the forecast period. On the basis of product type, the market is segmented into positive displacement and dynamic displacement compressor. In the U.S., the positive displacement segment is expected to generate the largest market revenue by the end of 2030, and also grow with the highest CAGR of 5.33% during the forecast period. Moreover, in Canada, and Mexico, the segment is expected to grow with the highest CAGR of 3.79% and 4.39% respectively over the forecast period. By pressure, the market is segmented into 0 bar – 20 bar, 20 bar – 100 bar, and above 100 bar. Out of these, in the U.S., the 0 bar – 20 bar segment is anticipated to generate the largest revenue of USD 5850.73 Million by the end of 2030, up from a revenue of USD 3549.57 Million in the year 2020. Moreover, in Canada and Mexico, the segment is expected to touch USD 597.35 Million and USD 387.64 Million respectively by the end of 2030.
The air compressor market is also segmented by output power into 50kW – 100kW, 100kW – 250kW, 250kW – 500kW, and above 500kW. Out of these, in the U.S., the 100kW – 250kW segment is expected to grow with the highest CAGR of 6.04% during the forecast period and also attain the largest revenue of USD 3422.88 Million by the end of 2030. In Canada and Mexico, the segment is anticipated to touch USD 356.25 Million and USD 221.21 Million by the end of 2030. By seal type, the market is segmented into lubricated (wet air compressor), and oil free (dry air compressor). Out of these, the lubricated (wet air compressor) segment is anticipated to garner the largest revenue by the end of 2030, and also grow with the highest CAGR of 5.45% during the forecast period. Moreover, in Canada and Mexico, the segment is anticipated to grow with the highest CAGR of 4.06% and 4.66% respectively during the forecast period. By end-use industry, the market is segmented into power generation, household appliances, oil & gas, food & beverage, semiconductors & electronics, manufacturing, construction, healthcare, and others. Out of these, the manufacturing segment is estimated to generate the largest revenue of USD 2388.05 Million by the end of 2030, while in Canada and Mexico, the segment is expected to touch USD 256.83 Million and USD 163.27 Million respectively in the same year.
Growth Drivers
Challenges
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the United States (U.S.), Canada, and Mexico air compressor market that are included in our report are Atlas Copco AB, Ingersoll Rand Inc., Sulzer Ltd., Elliott Group, Hitachi, Ltd., Sullair, LLC, Kirloskar Pneumatic Co. Ltd., Siemens AG, General Electric, Quincy Compressor LLC, Curtis-Toledo, Inc., Saylor-Beall Inc., KAESER KOMPRESSOREN, MAT Industries, LLC (Campbell Hausfeld), Sullivan-Palatek Inc., Chicago Pneumatic, Stanley Black & Decker, Inc., Werther International, Kobe Steel, Ltd., Bobcat Company, ELGi EQUIPMENTS LTD., and others.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the United States (U.S.), Canada, and Mexico air compressor market that are included in our report are Atlas Copco AB, Ingersoll Rand Inc., Sulzer Ltd., Elliott Group, Hitachi, Ltd., Sullair, LLC, Kirloskar Pneumatic Co. Ltd., Siemens AG, General Electric, Quincy Compressor LLC, Curtis-Toledo, Inc., Saylor-Beall Inc., KAESER KOMPRESSOREN, MAT Industries, LLC (Campbell Hausfeld), Sullivan-Palatek Inc., Chicago Pneumatic, Stanley Black & Decker, Inc., Werther International, Kobe Steel, Ltd., Bobcat Company, ELGi EQUIPMENTS LTD., and others.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: The rise in consumption of energy and the growing demand for energy efficient air compressors are some of the major factors anticipated to drive the market growth.
Ans: The market in the United States, Canada, and Mexico is anticipated to attain a CAGR of 4.90%, 3.50%, and 4.10% respectively over the forecast period, i.e., 2021 – 2030.
Ans: The increasing concern for pollution caused by air compressors and the stringent regulatory standards for attaining SDGs are estimated to hamper the market growth.
Ans: The major players in the market are Atlas Copco AB, Ingersoll Rand Inc., Sulzer Ltd., Elliott Group, Hitachi, Ltd., Sullair, LLC, Kirloskar Pneumatic Co. Ltd., Siemens AG, General Electric, Quincy Compressor LLC, Curtis-Toledo, Inc., and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by category, product type, pressure, output power, seal type, and by end-use industry.
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