The rapid development of infrastructure over the region is driving the North America air compressor market demand during the forecast period.

The North America Air Compressor Market was valued at USD 6.95 billion in 2023, and is expected to reach USD 9.37 billion by 2030, with a CAGR of 3.9% from 2024 to 2030, according to the new research by Next Move Strategy Consulting. In terms of volume, the market size was 288 thousand units in 2023, and is projected to reach 484 thousand units by 2030, with a CAGR of 7.2% from 2024 to 2030.

Infrastructure development projects in North America, encompassing tasks such as drilling, nailing, painting, sandblasting, and concrete spraying, are propelling the demand for air compressors. Contemporary construction methods and designs frequently necessitate advanced pneumatic equipment and systems, mandating the utilization of sturdy, high-capacity air compressors. 

Whether for expansive infrastructure endeavours, commercial building projects, or residential constructions, air compressors are indispensable for powering critical operations and ensuring seamless project completion. As per the World Bank Report 2022, the global construction industry yielded approximately USD 27.76 trillion in revenue in 2022. This upsurge in the construction domain intensifies the requirement for dependable, efficient, and technologically sophisticated air compressor solutions to energize intricate tools and machinery in North America.

However, the initial expense of air compressors, coupled with the need for regular maintenance such as filter replacements, lubrication, and inspections, significantly adds to the overall cost of ownership. These financial constraints serve as a limiting factor to the air compressor market expansion. Consequently, many small and medium-sized enterprises often hesitate to invest in new air compressor systems or upgrade their existing ones, potentially decelerating market growth.

On the contrary, the integration of IoT sensors and cloud platforms into air compressors is poised to propel future growth in the air compressor market. This technological advancement facilitates remote monitoring, predictive maintenance, and optimization of compressor performance. 

IoT sensors integrated into air compressors continuously gather real-time data on critical parameters such as temperature, pressure, and energy consumption. This data is then transmitted to cloud platforms, where advanced analytics algorithms analyse it to detect potential issues, forecast maintenance requirements, and enhance compressor operations. 

By leveraging IoT and cloud technologies, organizations can minimize downtime, enhance equipment reliability, and optimize energy usage. This will fuel the demand for intelligent air compressor solutions and stimulate market expansion in North America.

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Several market players operating in the North America air compressor industry includes Atlas Copco Group, Ingersoll-Rand PLC, Hitachi Ltd., Siemens Energy AG, Kaeser Kompressoren, MAT Holding, Inc., Elgi Equipment Limited, Sulzer Ltd., Mitsubishi Heavy Industries, Ltd., Anest Iwata, and others.

Key Insights from the North America Air Compressor Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the North America air compressor market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The report provides an analysis of the North America air compressor market share and competitive landscape of key players in the industry.