North America Air Compressor Market Size, Share & Trends Analysis Report By Type (Stationary), By Product (Reciprocating), By Lubrication, By Application (Manufacturing), By Operating Mode (Electric), By Power Range, By Country And Segment Forecasts, 2024

North America Air Compressor Market Size, Share & Trends Analysis Report By Type (Stationary), By Product (Reciprocating), By Lubrication, By Application (Manufacturing), By Operating Mode (Electric), By Power Range, By Country And Segment Forecasts, 2024 - 2030

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

Please note The report will be delivered in 2-3 business days upon order notification.