The North America Air Compressor Market generated $4,475 million in 2016, and is projected to reach $5,754 million by 2023, registering a CAGR of 3.68% during the forecast period (2017-2023).
The major factors that drive the market are high energy efficiency, low maintenance cost, environmental friendliness, portability, and ability to deliver variation in supplied pressure support the market growth. In addition, growth associated with end-use industries, surge in requirement for technologically advanced products, and rise in application areas also boost the growth of the North America air compressor market. On the other hand, some of the restraints associated with this market are increase in cost of raw material, noise pollution, emission of contaminated compressed air, bulky size, and others.
The increase in the number of industrial infrastructure projects, and the ever-increasing investment across all the process industries, especially oil & gas industry supplements the market growth across various industry domains. Further, penetration of IoT, initiatives such as Industry 4.0, and technological advancements related to new product development are expected to fuel the market demand during the forecast period. Wide-scale adoption of air compressors in industrial and personal applications is expected to drive the North American air compressor market growth.
Segment Overview
The North America air compressor market is segmented based on type, technology, lubrication method, and country. The type segment is bifurcated into portable and stationary air compressors. In accordance to the technology, air compressors are classified as rotary, centrifugal, and reciprocating. Based on the lubrication method, the market is classified into oiled and oil-free air compressors. To gain a diverse insight, the market is analyzed across major countries in North America. Based on countries, the North America air compressor market is analyzed across the U.S., Mexico, and Canada.
Top Impacting Factors
The North American air compressor market is influenced by numerous factors, including growth potential from varied industries, high adoption due to availability of energy-efficient products, demand for technologically advanced & low-cost products, and others. These factors collectively provide opportunities for the North American air compressor market growth. However, each factor has its definite impact on the market.
Growth of Oil and Mining Industries in North America
Growth associated with the oil industry and natural gas production in North America is a prominent factor that may fuel the market demand during the forecast period. According to EIA's Annual Energy Outlook, the U.S. crude output is going to increase by 20% by 2030, and the demand for natural gas is estimated to attain around 15.6% of growth over the next few years. Further, expenditure by the U.S. oil and gas companies is expected to increase during the forecast period. Natural gas is gaining importance as the preferred fuel option, owing to its low emission and low-cost properties. Thus, many projects in North America are currently focusing on exploration of the same. There are more than 14,000 small and large oil & gas companies in the U.S. alone. Air compressors have wide-scale application in the oil and mining industries, which may act as a driver for the air compressor industry.
Impact of Pollution and Stringent Regulatory Standards
Blowdown from air compressor, air contamination, and noise pollution hinder the adoption of air compressors in North America. Pollutants released can lead to a severe impact on the environment, workplace, and the product. Aerosols, condensed water, solid contamination, and others are some of the types of contamination that may cause environmental concerns, if not properly managed, which may restrain the market. However, key industry players and regulatory authorities are determined to reduce the impact of environmental hazards. For instance, in June 2017, Atlas Copco launched a range of oil-injected rotary screw air compressors. These compressors are powerful and are responsible for minimal noise pollution. Further, various industry standards such as ISO8573 Series, ISO12500 Series, ISO7183 Series, and others deal in this category. In addition, other industry standards, such as ISO 9001, ISO 14001, and OHSAS 18001, were introduced to improve quality standards by The International Organization for Standardization. Further, changing regulatory structure has affected the North America air compressor market adversely. For instance, the U.S. Department of Energy (DOE) published some new rules in 2017 related to testing of rotary screw compressors.
Key Benefits for Stakeholders
North America Air Compressor Market Key Segments:
By Type
By Technology
By Lubrication Method
By Country
Key Players
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Trends
3.3. Advantages of air compressor
3.4. Technology & market trends
3.5. Key findings
3.5.1. Top impacting factors
3.5.2. Top investment pockets
3.5.3. Top winning strategies
3.5.4. Top Winning Strategies, By Year, 2014-2018*
3.5.5. Top Winning Strategies, By Development, 2014-2018*
3.5.6. Top Winning Strategies, By Company, 2014-2018*
3.6. Porter's five forces analysis
3.7. Key player positioning, 2016
3.8. Market dynamics
3.8.1. Drivers
3.8.1.1. Growth of oil and mining industries in North America
3.8.1.2. Availability of energy-efficient compressors
3.8.2. Restraint
3.8.2.1. Impact of pollution and stringent regulatory standards
3.8.3. Opportunity
3.8.3.1. Growth potential for construction industry
CHAPTER 4: NORTH AMERICA AIR COMPRESSOR MARKET, BY TYPE
4.1. Overview
4.2. Portable
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by country
4.3. Stationary
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by country
CHAPTER 5: NORTH AMERICA AIR COMPRESSOR MARKET, BY TECHNOLOGY
5.1. Overview
5.2. RECIPROCATING
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by country
5.2.3. Single stage
5.2.4. Two-stage
5.2.5. Rocking piston type
5.2.6. Diaphragm type
5.3. Rotary
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by country
5.3.3. Scroll type
5.3.4. Rotary helical screw type
5.3.5. Rotary sliding vane type
5.4. Centrifugal
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by country
CHAPTER 6: NORTH AMERICA AIR COMPRESSOR MARKET, BY LUBRICATION METHOD
6.1. Overview
6.2. Oiled
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by country
6.3. Oil free
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by country
CHAPTER 7: NORTH AMERICA AIR COMPRESSOR MARKET, BY COUNTRY
7.1. Overview
7.1.1. Key market trends, growth factors, and opportunities
7.1.2. Market size and forecast, by type
7.1.3. Market size and forecast, by technology
7.1.4. Market size and forecast, by lubrication method
7.1.4.1. U.S.
7.1.4.1.1. MARKET SIZE AND FORECAST, BY TYPE
7.1.4.1.2. MARKET SIZE AND FORECAST, BY TECHNOLOGY
7.1.4.1.3. MARKET SIZE AND FORECAST, BY LUBRICATION METHOD
7.1.4.2. Canada
7.1.4.2.1. MARKET SIZE AND FORECAST, BY TYPE
7.1.4.2.2. MARKET SIZE AND FORECAST, BY TECHNOLOGY
7.1.4.2.3. MARKET SIZE AND FORECAST, BY LUBRICATION METHOD
7.1.4.3. Mexico
7.1.4.3.1. MARKET SIZE AND FORECAST, BY TYPE
7.1.4.3.2. MARKET SIZE AND FORECAST, BY TECHNOLOGY
7.1.4.3.3. MARKET SIZE AND FORECAST, BY LUBRICATION METHOD
CHAPTER 8: COMPANY PROFILE
8.1. Atlas Copco AB
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance
8.1.6. Key strategic moves and developments
8.2. Berkshire Hathaway Inc. (Campbell Hausfeld)
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance
8.2.6. Key strategic moves and developments
8.3. Ebara Corporation
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance
8.3.6. Key strategic moves and developments
8.4. Ingersoll-Rand plc
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.4.6. Key strategic moves and developments
8.5. Kobe Steel, Ltd.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.5.6. Key strategic moves and developments
8.6. Mitsubishi Heavy Industries Ltd.
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.6.6. Key strategic moves and developments
8.7. Stanley Black & Decker Corporation (Porter Cable)
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.8. Hitachi, Ltd. (Sullair, LLC)
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance
8.8.6. Key strategic moves and developments
8.9. Suzler Ltd
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance
8.10. VMAC Global Technology Inc.
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product portfolio
8.10.4. Key strategic moves and developments
TABLE 01. ADVANTAGES OF AIR COMPRESSOR
TABLE 02. PORTABLE AIR COMPRESSOR MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 03. STATIONARY AIR COMPRESSOR MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 04. RECIPROCATING AIR COMPRESSOR MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 05. ROTARY AIR COMPRESSOR MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 06. CENTRIFUGAL AIR COMPRESSOR MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 07. OILED AIR COMPRESSOR MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 08. OIL-FREE AIR COMPRESSOR MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 09. NORTH AMERICA AIR COMPRESSOR MARKET REVENUE, BY COUNTRIES 2016-2023 ($MILLION)
TABLE 10. NORTH AMERICA AIR COMPRESSOR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 11. NORTH AMERICA AIR COMPRESSOR MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 12. NORTH AMERICA AIR COMPRESSOR MARKET, BY LUBRICATION METHOD, 2016-2023 ($MILLION)
TABLE 13. U.S. AIR COMPRESSOR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 14. U.S. AIR COMPRESSOR MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 15. US AIR COMPRESSOR MARKET, BY LUBRICATION METHOD, 2016-2023 ($MILLION)
TABLE 16. CANADA AIR COMPRESSOR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 17. CANADA AIR COMPRESSOR MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 18. CANADA AIR COMPRESSOR MARKET, BY LUBRICATION METHOD, 2016-2023 ($MILLION)
TABLE 19. MEXICO AIR COMPRESSOR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 20. MEXICO AIR COMPRESSOR MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 21. MEXICO AIR COMPRESSOR MARKET, BY LUBRICATION METHOD, 2016-2023 ($MILLION)
TABLE 22. ATLAS COPCO: COMPANY SNAPSHOT
TABLE 23. ATLAS COPCO: OPERATING SEGMENTS
TABLE 24. ATLAS COPCO: PRODUCT PORTFOLIO
TABLE 25. BERKSHIRE: COMPANY SNAPSHOT
TABLE 26. BERKSHIRE: OPERATING SEGMENTS
TABLE 27. BERKSHIRE: PRODUCT PORTFOLIO
TABLE 28. EBARA GROUP: COMPANY SNAPSHOT
TABLE 29. EBARA GROUP: OPERATING SEGMENTS
TABLE 30. EBARA GROUP: PRODUCT PORTFOLIO
TABLE 31. INGERSOLL RAND: COMPANY SNAPSHOT
TABLE 32. INGERSOLL RAND: OPERATING SEGMENTS
TABLE 33. INGERSOLL RAND: PRODUCT PORTFOLIO
TABLE 34. KOBELCO: COMPANY SNAPSHOT
TABLE 35. KOBELCO: OPERATING SEGMENTS
TABLE 36. KOBELCO: PRODUCT PORTFOLIO
TABLE 37. MHI: COMPANY SNAPSHOT
TABLE 38. MHI: OPERATING SEGMENTS
TABLE 39. MHI: PRODUCT PORTFOLIO
TABLE 40. STANLEY BLACK & DECKER: COMPANY SNAPSHOT
TABLE 41. STANLEY BLACK & DECKER: OPERATING SEGMENTS
TABLE 42. STANLEY BLACK & DECKER: PRODUCT PORTFOLIO
TABLE 43. HITACHI: COMPANY SNAPSHOT
TABLE 44. HITACHI: OPERATING SEGMENTS
TABLE 45. HITACHI: PRODUCT PORTFOLIO
TABLE 46. SULZER: COMPANY SNAPSHOT
TABLE 47. SULZER: OPERATING SEGMENTS
TABLE 48. SULZER: PRODUCT PORTFOLIO
TABLE 49. VMAC: COMPANY SNAPSHOT
TABLE 50. VMAC: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01. NORTH AMERICA AIR COMPRESSOR MARKET, 2016-2023
FIGURE 02. NORTH AMERICA AIR COMPRESSOR MARKET, BY COUNTRY, 2016-2023
FIGURE 03. NORTH AMERICA AIR COMPRESSOR MARKET: KEY PLAYERS
FIGURE 04. SEGMENTATION OF NORTH AMERICA AIR COMPRESSOR MARKET
FIGURE 05. TOP IMPACTING FACTORS
FIGURE 06. TOP INVESTMENT POCKETS
FIGURE 07. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 08. MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 09. MODERATE THREAT OF SUBSTITUTES
FIGURE 10. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11. HIGH COMPETITIVE RIVALRY
FIGURE 12. KEY PLAYER POSITIONING: NORTH AMERICA AIR COMPRESSOR MARKET
FIGURE 13. DRIVERS, RESTRAINTS, AND OPPORTUNITIES: NORTH AMERICA AIR COMPRESSOR MARKET
FIGURE 14. U.S. AIR COMPRESSOR MARKET, 2016-2023 ($MILLION)
FIGURE 15. CANADA AIR COMPRESSOR MARKET, 2016-2023 ($MILLION)
FIGURE 16. MEXICO AIR COMPRESSOR MARKET, 2016-2023 ($MILLION)
FIGURE 17. ATLAS COPCO: NET SALES, 2014-2016 ($MILLION)
FIGURE 18. ATLAS COPCO: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 19. ATLAS COPCO: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 20. BERKSHIRE: NET SALES, 2014-2016 ($MILLION)
FIGURE 21. BERKSHIRE: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 22. EBARA GROUP: NET SALES, 2015-2017 ($MILLION)
FIGURE 23. EBARA GROUP: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 24. INGERSOLL RAND: NET SALES, 2014-2016 ($MILLION)
FIGURE 25. INGERSOLL RAND: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 26. INGERSOLL RAND: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 27. KOBELCO: NET SALES, 2015-2017 ($MILLION)
FIGURE 28. KOBELCO: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 29. KOBELCO: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 30. MHI: NET SALES, 2015-2017 ($MILLION)
FIGURE 31. MHI: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 32. STANLEY BLACK & DECKER: NET SALES, 2014-2016 ($MILLION)
FIGURE 33. STANLEY BLACK & DECKER: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 34. STANLEY BLACK & DECKER: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 35. HITACHI: NET SALES, 2015-2017 ($MILLION)
FIGURE 36. HITACHI: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 37. HITACHI: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 38. SULZER: NET SALES, 2014-2016 ($MILLION)
FIGURE 39. SULZER: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 40. SULZER: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
$4426
$5316
$7414
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