DUBLIN--(BUSINESS WIRE)--The "North America Air Compressor Market by Type, Technology, and Lubrication Method - Opportunity Analysis and Industry Forecast, 2016-2023" report has been added to ResearchAndMarkets.com's offering.
According the report, the North America Air Compressor market was valued at $4,475 million in 2016, and is projected to reach $5,754 million by 2023, growing at a CAGR of 3.68% from 2017 to 2023.
At present, air compressors witness an increased adoption in North America, owing to technological innovations in product offerings, proliferation of energy-efficient and cost-effective air compressors, and increase in application areas among end users.
Furthermore, rapid urbanization has resulted in a surge in infrastructural and manufacturing activities; this in turn has facilitated the growth of the North America air compressor market. However, inconsistent demand patterns restrain the North America air compressor market growth.
The stationary segment dominated the air compressor market in 2016, with around 62% revenue share and it is anticipated to exhibit the fastest growth rate. This growth is attributed to the increase in demand from end-use industries and rise in investment across all the process industries.
Rotary air compressors generated the maximum revenue in the technology segment. It represented around 46% share of the total North America air compressor market size in 2016. Furthermore, by 2023, the segment is expected to dominate the market, with a CAGR of 3.66%, owing to widespread adoption of advanced solutions and increased IoT spending.
The U.S. was the highest revenue contributor in 2016, accounting for around 53% share. Canada is projected to grow at the highest CAGR of 4.04% during the forecast period.
Key Topics Covered
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 North America Air Compressor Market by Type
Chapter 5 North America Air Compressor Market by Technology
Chapter 6 North America Air Compressor Market by Lubrication Method
Chapter 7 North America Air Compressor Market by Country
Chapter 8 Company Profiles
- Atlas Copco
- Ingersoll Rand Inc.
- Sulzer Ltd.
- Kobe Steel, Ltd.
- Ebara Corporation
- Mitsubishi Heavy Industries Ltd.
- Vehicle Mounted Air Compressors (VMAC)
- Campbell Hausfeld
For more information about this report visit https://www.researchandmarkets.com/research/rkrfn9/north_american?w=4