Analysis of the North American Air Compressor Market
The North American air compressor market generated a revenue of $ billion in 2014, and is expected to grow at a compound annual growth rate (CAGR) of % between 2014 and 2021.
There is a renewed outlook in North America after the commencement of shale gas production, which has led to increased investments in oil and gas and other industries.
Lowered energy costs provide an immense cost advantage, due to which several industries have been reshored.
The growing food and beverage industry and stricter regulations are expected to boost demand for oil-free-type compressors.
Although compressor technologies are mature, the need for better energy efficiency and compliance with environmental regulations draws end users to upgrade their compression systems.
The North American air compressor market is expected to reach a revenue of $ billion in 2021.
About this report
This research service analyzes the current and future trends in the North American air compressor market across various industry verticals including oil and gas, chemical and petrochemical, power generation, food and beverage, life sciences, construction and mining, and general manufacturing. Analysis is based on end user and product types and is segmented into rotary, reciprocating, and centrifugal compressor segments. Market drivers and restraints and their impact in the forecast period are discussed. This research outlines the competitive structure and total market share analysis. The forecast period is from 2015 to 2020, and 2014 is the base year.
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