North America Compressor Market Growth Analysis - Forecast Trends, Market Size, Share and Outlook (2024-2032)

North America Compressor Market Size

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. 

Key Takeaways

• Rotary screw air compressors are the majorly used industrial air compressor types in the North American market.

• In March 2023, ELGi North America (ELGi) announced its plan to launch the new GP35FP portable compressors that are specifically designed and manufactured to meet the requirements of fiber optic cable-blowing professionals. 

• In October 2023, Kaishan USA, a leading player in the North American industrial air compressor market, introduced a new range of industrial and oil-free rotary screw air compressors. 

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 Snapshots

North America Compressor Market Size

North America Compressor Companies