US Air Compressor Market Outlook to 2027

Market Overview:

The US Air compressor market has witnessed remarkable growth in the last decade owing to different factors affecting the market. The growth of the market will remain steady in the future as the US air compressor market is anticipated to grow at a CAGR of 5.9% from 2022-2027. There are various factors that are influencing the market some of the main growth drivers of the market are high growth in the household appliance market, development of the automotive industry, technological advancements in air compressors, the mature manufacturing industry, and high demand from small-scale industries.

The US Air compressor market is leading the industry in the North America region. The market is rising significantly, although, the market is also facing a few restrains in its growth. Some of the restraints in the market are the high cost of raw materials, noise pollution, bulky size, release of contaminated compressed air, and others. The industry received setbacks during the global pandemic due to temporary lockdowns and travel bans. However, the market bounced back post-pandemic and witnessed remarkable growth. The industry recovered once again when the market worked at its full capacity after lifting the restrictions.

The US Air compressor market is highly competitive and active, with a wide range of competitors. There are both domestic and foreign companies operating in the US Air compressor market. Some of the significant players in the market are Atlas Copco, Sullair LLC, Gardner Denver Inc., Kaser Kompressoren, Ingersoll-Rand Plc, Rolair System, Elgi Compressor USA Inc., Hitachi Industrial Equipment Systems Co. Ltd., Ciasons Industrial Inc., Aerzener Maschinenfabrik Gmbh, Quincy Compressor, Bauer Compressors Inc, Emerson Climate Technologies Inc, Sullivan Palatek Inc, and Others.

All these market players are adopting various strategic initiatives to maintain their position in the market. Some of the recent developments in the market incorporate mergers and acquisitions, production capacity expansion, key associations, and product launches. Every major player in the market is investing hugely in technological advances and innovation to gain a competitive edge over the competitors. Further, the market is projected to witness a lot of entrants as the market continues to grow in the future.

US Air Compressor Market Analysis:

The US air compressor market is ruling the global air compressor industry capturing the largest share in the industry. The US is the major exporter of air compressors with having presence of various market leaders. In 2021, America was the third largest exporter of air compressors worldwide only behind China and Germany. The US exported the air compressor equipment worth $1.96 Bn.

Sullair, Gardner Denver, and Quincy Compressor are three leading manufacturers of air compressors that are situated in the United States. All three companies are dominating not only the US air compressor market but also have a significant presence in the worldwide industry of air compressors. All the above-mentioned companies have active operations in major countries of the world.

The US air compressor market is driven by different variables influencing the growth of the market. Primary growth drivers of the market are influencing the market some of the main growth drivers of the market are high growth in the household appliance market, development of the automotive industry, technological advancements in air compressors, the mature manufacturing industry, and high demand from small-scale industries.

The home appliances segment of the US air compressor market is dominating the market. The demand for this segment is further projected to be 30 Mn units by 2027 because of the increasing production of home appliances. Additionally, robust economic growth, improving standard of living, higher pay scale, and urbanization in the country will give a boost to home appliances.

Key Trends by Market Segment:

By Product Type: Theair compressor market is classified into three main categories based on the product type which are Portable, Stationary, and others. Stationary air compressors are leading the market in comparison to portable air compressors. This category of air compressors is dominating the market owing to their suitable use in a wide range of products and applications. Significant growth in the automotive industry is also one of the reasons behind the dominance of stationary air compressors in the US air compressor market. Another reason why portable air compressor is leading the market is because stationary compressors are very lightweight and are designed for easy transportation and mobility. Stationary air compressors also come in use at different places such as sites, DIY projects, workshops, and tasks that involve moving the compression to different places.

By Type of Application: Theair compressor market is divided into six main types home appliances, Food & beverages, Oil & Gas, Energy, Commercial, and Healthcare. Home appliances are leading the application segmentation of air compression compared to the other five types. Home appliances are dominating the application segmentation as these appliances are highly used by consumers in their day-to-day lives. Home appliances air compressors are hugely utilised in refrigeration and air conditioning. Air compressors in refrigerators and air conditioning are used to circulate and uphold the desired temperature. Additionally, air compressors are also used in home appliance products like vacuum cleaners to create suction to effectively pick up dirt and debris from surfaces.

By type of Geography: TheUSAir compressor market is divided into four major regions: North, South, East, and West. The US Air compressor market is dominated by the northern part of the country. The states like New York, Massachusetts, Illinois, and Pennsylvania are leading the air compressor market in America. The reason behind the domination of this market is these states are characterized by a diverse economy. The region is home to major industries such as manufacturing, technology, and services. The manufacturing sector drives the demand for air compressors for automotive, machinery, and electronics manufacturing. These regions are home to many industries that contribute immensely to the market share.

Competitive Landscape

Due to the wide variety of domestic and foreign goods available, the US Air compressor market is both competitive and dynamic. Numerous competitors of the business exist and sell different but identical products. Some of the big firms make significant investments in the R&D division and seek new technologies to further the development of Air compressor products in an effort to set themselves apart from the competition.

Atlas Copco, Sullair LLC, Gardner Denver Inc., Kaser Kompressoren, Ingersoll-Rand Plc, Rolair System, Elgi Compressor USA Inc., Hitachi Industrial Equipment Systems Co. Ltd., Ciasons Industrial Inc., Aerzener Maschinenfabrik Gmbh, Quincy Compressor, Bauer Compressors Inc, Emerson Climate Technologies Inc, Sullivan Palatek Inc, and Others are some of the significant players in the market. As the industry expands, new players are predicted to enter the market and help it develop even more. The competition will become more intense as the ecosystem's number of businesses grows, and each business will strive to provide customers with something distinctive and memorable.

Recent Developments:

Due to their ongoing research and development of air compressor instruments, the market has experienced enormous expansion in recent years. There has been a developing emphasis on energy-efficient air compressor frameworks due to expanding awareness of environmental concerns and energy costs. Producers have been centering on planning and creating compressors that use less energy and diminish carbon footprints.

Similar to other businesses, the air compressor market has seen a rise in the integration of smart and connected technologies. This incorporates remote monitoring, prescient maintenance, and data analytics to optimize compressor execution and decrease downtime.

Industries with strict air quality necessities, such as food and pharmaceuticals, have driven the request for oil-free air compressors. These compressors eliminate the risk of oil defilement within the compressed air, guaranteeing the quality of end items. Altas Copco recently launched ZR/ZT series air compressors that are 100% oil-free certified and are equipped with the modern technology of rotary screw compressors.

Producers and wholesalers have been embracing digital platforms to improve customer engagement, streamline sales processes, and give online support and services. The accessibility of air compressors and related items through online marketplaces has been on the rise, permitting customers to compare items, read reviews, and make buys conveniently.

Future Outlook:

The US Air compressor market is anticipated to grow at a CAGR of 5.9% from 2022 to 2027 with growth drivers like high growth in the household appliance market, development of the automotive industry, technological advancements in air compressors, the mature manufacturing industry, and high demand from small-scale industries.

The focus on energy-efficient and environmentally friendly air compressors is likely to proceed and escalate. Stricter controls and expanding client demand for sustainable solutions may drive further development in this area. Additionally, the integration of smart and associated innovations is anticipated to develop, permitting more predictive support, real-time monitoring, and optimization of compressor performance.

Manufacturers will progressively offer customized arrangements to cater to particular businesses and applications. This will include more adaptability in terms of pressure ranges, flow rates, and compatibility with different processes. Further, as the push for renewable energy sources proceeds, integrating air compressors with renewable energy frameworks will end up more predominant, giving sustainable and cost-effective power sources for compressors.

The Industrial Internet of Things (IIoT) is anticipated to advance, permitting more advanced predictive analytics and optimization of air compressor frameworks. This will lead to way better energy management and diminished upkeep costs.

 

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