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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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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Compressor Market Overview
8.1 Key Industry Highlights
8.2 Global Compressor Historical Market (2018-2023)
8.3 Global Compressor Market Forecast (2024-2032)
8.4 Global Compressor Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Compressor Market Overview
9.1 Key Industry Highlights
9.2 North America Compressor Historical Market (2018-2023)
9.3 North America Compressor Market Forecast (2024-2032)
10 North America Compressor Market by Type
10.1 Positive Displacement
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Dynamic
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 North America Compressor Market by Lubrication Type
11.1 Oil-Free
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Oil-Flooded
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 North America Compressor Market by Industry Vertical
12.1 Construction
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Oil and Gas
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Energy and Power Generation
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Manufacturing
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Food and Beverage
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Chemicals and Petrochemical
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Others
13 North America Compressor Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 841430 and 841440)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Ariel Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Kaishan USA
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sauer Compressors USA, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Atlas Copco AB
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Baker Hughes Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Bauer Compressors, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Burckhardt Compression AG
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Aerzener Maschinenfabrik GmbH
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Hitachi, Ltd
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Siemens AG
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Compressor Market: Key Industry Highlights, 2018 and 2032
2. North America Compressor Market: Key Industry Highlights, 2018 and 2032
3. North America Compressor Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Compressor Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Compressor Historical Market: Breakup by Lubrication Type (USD Billion), 2018-2023
6. North America Compressor Market Forecast: Breakup by Lubrication Type (USD Billion), 2024-2032
7. North America Compressor Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
8. North America Compressor Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
9. North America Compressor Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Compressor Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Major Exporting Countries by Value
12. Major Importing Countries by Value
13. Major Exporting Countries by Volume
14. Major Importing Countries by Volume
15. North America Compressor Market Structure
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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