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Historical Year
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The North America compressor market size was valued at USD 5.21 billion in 2023. The market is further projected to grow at a CAGR of 3.4% between 2024 and 2032, reaching a value of USD 7.06 billion by 2032.
The North America compressor market is influenced by several factors, including the growing construction industry and rising exploration of oil and natural gas in the region. Market players are innovating to launch improved compressor solutions that offer superior performance, reliability, and efficiency.
Shift towards Electric Compressors
Electric compressors are becoming increasingly favoured for their high efficiency, safety features, decreased environmental impact, and user-friendly operation. Their reliance on electrical power makes them suitable for indoor applications or locations with stable power sources. These compressors are characterized by their quiet operation and lack of emissions, positioning them as an eco-friendlier choice suitable for confined areas or environments where minimising noise is crucial.
Furthermore, a significant benefit of electric compressors over their diesel counterparts is the reduction in operational expenses. They demand less upkeep, feature fewer mechanical components, and provide steady performance without the necessity for regular fuel replenishments.
Industrial Air Compressor Future Trends
Digital Control Systems: Innovations in digital technology can enhance the precision and manageability of compressor systems. These systems are capable of real-time monitoring and adjustment of pressure levels, which contributes to extended equipment life and boosts the overall efficiency of operations.
Sustainability: As sustainability and energy efficiency become increasingly critical across all sectors, component manufacturers are exploring new ways to enhance their operations. Progress in material science is expected to introduce more durable components, which will extend the lifespan of compressors and minimise operational interruptions.
Compact Design: The trend towards more compact and user-friendly designs is gaining momentum. Manufacturers are focused on developing smaller, more adaptable configurations that do not compromise performance. This makes air compressors more accessible to users with restricted space or specific needs, broadening the range of applications.
North America Compressor Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Type
Market Breakup by Lubrication Type
Market Breakup by Industry Vertical
Market Breakup by Country
The leading companies in the North America compressor market are involved in research and development activities to remain competitive and enhance their product offerings.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Lubrication Type |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 5.21 billion.
The market is expected to grow at a CAGR of 3.4% between 2024 and 2032.
The compressor market in North America is expected to reach a value of USD 7.06 billion by 2032.
Key factors propelling the market forward include an increase in oil and gas exploration activities, the expansion of the construction sector, and ongoing research and development efforts, resulting in the launch of advanced products in the market.
Key trends fuelling the market expansion include the use of electric compressors and the inclination towards compressors with compact design.
Major countries in the market are the United States and Canada.
Compressors are used in multiple industries, such as construction, oil and gas, and food and beverage.
Key players in the market are Aerzener Maschinenfabrik GmbH, Sauer Compressors USA, Inc, Burckhardt Compression AG, Bauer Compressors, Inc., Baker Hughes Company, Ariel Corporation, Atlas Copco AB, Hitachi, Ltd, Kaishan USA, Siemens AG, Others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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