PUBLISHER: Grand View Research | PRODUCT CODE: 1405883
PUBLISHER: Grand View Research | PRODUCT CODE: 1405883
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.