According to the report by Expert Market Research (EMR), the North America Compressor Market Size reached a value of USD 5.21 billion in 2023. Aided by the increasing demand for compressors in various industrial applications and the growing need for energy-efficient systems, the market is projected to further grow at a CAGR of 3.4% between 2024 and 2032 to reach a value of USD 7.06 billion by 2032.
Compressors are mechanical devices that increase the pressure of a gas by reducing its volume. They are widely used across various industries, including manufacturing, oil and gas, construction, and automotive, among others. The North America compressor market growth is driven by factors such as the rising demand for efficient and reliable compression systems, advancements in compressor technology, and the expanding industrial sector.
The rising demand for efficient and reliable compression systems is a significant driver of the compressor market. As multiple sectors seek to improve operational efficiency and reduce energy consumption, the adoption of advanced compressor systems has surged. Compressors play a critical role in various applications, including air conditioning, refrigeration, pneumatic tools, and gas transportation. The increasing focus on energy efficiency and the need to comply with stringent environmental regulations are further boosting the demand for compressors.
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Advancements in compressor technology are another key factor propelling the market growth. Continuous innovations in compressor design and materials have led to the development of more efficient and durable systems. The integration of advanced features, such as variable speed drives and smart controls, has enhanced the performance and reliability of compressors. The growing adoption of digitalisation and automation in industrial processes is further driving the demand for advanced compressor systems, consequently driving up the North America compressor market share.
The expanding industrial sector is also contributing to market growth. The growth of sectors such as manufacturing, oil and gas, and construction is driving the demand for compressors. In the manufacturing sector, compressors are used for various applications, including powering pneumatic tools, material handling, and process automation. The oil and gas sector relies on compressors for activities such as gas compression, transportation, and storage. The construction sector uses compressors for tasks such as concrete compaction, drilling, and pneumatic tools. The increasing industrial activities and the rising demand for compressed air and gas are boosting the market growth.
As per the North America compressor market analysis, the market is categorised into various types of compressors, including positive displacement compressors and dynamic compressors. Among these, positive displacement compressors hold a significant share of the market, driven by their widespread use in various industrial applications. Positive displacement compressors, such as reciprocating and rotary compressors, are known for their high efficiency and reliability. Dynamic compressors, including centrifugal and axial compressors, are also significant, driven by their use in high-volume and high-pressure applications. The demand for specialty compressors, including oil-free and portable compressors, is growing, driven by the need for customised solutions.
The manufacturing sector accounts for the largest share of the market, driven by the extensive use of compressors in various industrial processes. The demand for compressors in the manufacturing sector is driven by the need for reliable and efficient power for pneumatic tools, material handling, and process automation. The oil and gas sector is also significant, driven by the use of compressors for gas compression, transportation, and storage. The construction sector is experiencing robust growth, driven by the demand for compressors for tasks such as concrete compaction, drilling, and pneumatic tools. The automotive sector is also contributing to market growth, driven by the use of compressors in vehicle manufacturing and maintenance, leading to North America compressor market expansion.
North America Compressor Market Segmentation
The market can be divided based on the type, lubrication type, industry vertical, and country
Market Breakup by Type
- Positive Displacement
- Dynamic
Market Breakup by Lubrication Type
- Oil-Free
- Oil-Flooded
Market Breakup by Industry Vertical
- Construction
- Oil and Gas
- Energy and Power Generation
- Manufacturing
- Food and Beverage
- Chemicals and Petrochemical
- Others
Market Breakup by Country
- United States of America
- Canada
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Competitive Landscape of North America Compressor Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in North America compressor market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ariel Corporation
- Kaishan USA
- Sauer Compressors USA, Inc.
- Atlas Copco AB
- Baker Hughes Company
- Bauer Compressors, Inc.
- Burckhardt Compression AG
- Aerzener Maschinenfabrik GmbH
- Hitachi, Ltd
- Siemens AG
- Others
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