The U.S. Air Compressor Market by Type (Portable and Stationary), by Technology (Rotary Screw, Centrifugal, and Reciprocating), by Lubrication Type (Oil-Free, and Oil-Injected/Flooded), by Power Rating (0-100 Kw, 101-300 Kw, 301-500 Kw, and 501 Kw & Above), by Cooling Method (Air Cooled and Water Cooled), and by Industry Vertical (Manufacturing, Construction, Oil & Gas, Healthcare, and Others) –Opportunity Analysis and Industry Forecast, 2024– 2030
Industry: Construction & Manufacturing | Publish Date: 19-Jun-2024 | No of Pages: 143 | No. of Tables: 108 | No. of Figures: 73 | Format: PDF | Report Code : N/A
The U.S. Air Compressor Market Overview
The U.S. Air Compressor Market size was valued at USD 4.69 billion in 2023, and is projected to reach USD 6.08 billion by 2030, at a CAGR of 3.3% from 2024 to 2030. In terms of volume, the market size was 199 thousand units in 2023, and is projected to reach 322 thousand units by 2030, with a CAGR of 6.5% from 2024 to 2030. An air compressor is an essential mechanical device used across various industries to generate compressed air, that is vital for many applications.
It primarily converts power from sources such as electric motors or diesel engines into potential energy stored as compressed air. This pressurized air is then used to power pneumatic tools and equipment, inflate tires, supply air to HVAC systems for climate control, and support industrial processes such as spray painting and packaging. Essentially, an air compressor provides a reliable source of compressed air, crucial for a wide range of tasks and operations in diverse business and industrial environments.
Growth of the Automotive Industry Drives the U.S. Air Compressor Market Demand
The automotive industry of the U.S. significantly increases the demand for air compressor market due to their vital role in manufacturing processes. Air compressors power pneumatic tools used in vehicle assembly, such as paint sprayers and impact wrenches. According to the Alliance for Automotive Innovation report 2024, the automotive industry supports the American economy and strengthens communities in all 50 states.
It generates more than USD 1 trillion into the economy every year through the sales and servicing of autos and flows through the economy, from revenue to parts suppliers to paychecks for assembly plant workers, from income for auto-related small business to revenue for government. As the automotive sector in the country is expanding, it indicates a continuous need for efficient compressed air systems to support manufacturing processes, enhance productivity, and meet the growing market demand.
Rising Agricultural Production Boosts the U.S. Air Compressor Market Demand
As agricultural production in the country rises, it accelerates the demand for the U.S. air compressor market for operating pneumatic seeders, sprayers, and irrigation systems, improving efficiency and precision in farming practices.
According to the American Farm Bureau Federation report 2024, the value of agricultural production increased in U.S. rising from USD 389 billion in 2017 to USD 533 billion in 2022 that is 40% nominally and 17% adjusted for inflation. Thus, it indicates a positive outlook for the rising demand for air compressors for efficient crop handling and production.
High Initial and Maintenance Costs Hinders the U.S. Air Compressor Market Growth
The initial cost involved with air compressors, alongside the requirement for regular maintenance such as filter changes, lubrication, and inspections, contributes to the total cost of ownership.
This financial constraint acts as a restraining factor in the growth of the U.S. air compressor market. Consequently, small and medium-sized businesses hesitate to invest in new air compressing systems or upgrade existing ones, potentially slowing down the industry growth.
The Integration of IoT Sensors and Cloud Platforms is Expected to Create Ample Growth Opportunities in the U.S. Air Compressor Market
The incorporation of IoT sensors and cloud platforms into air compressors is poised to unlock future growth opportunities within the U.S. air compressor market. This integration facilitates remote monitoring, predictive maintenance, and performance optimization of compressors. IoT sensors, embedded within air compressors, continuously gather real-time data on critical parameters such as temperature, pressure, and energy consumption.
Subsequently, this data is transmitted to cloud platforms where advanced analytics algorithms analyse it to identify potential issues, forecast maintenance requirements, and enhance compressor operations. Through harnessing IoT and cloud technologies, organizations can minimize downtime, improve equipment reliability, and optimize energy usage, thereby fueling demand for intelligent air compressor solutions and stimulating market expansion.
Competitive Landscape of the U.S. Air Compressor Market
The market players operating in the U.S. 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., and Anest Iwata, among others.
The U.S. Air Compressor Market Key Segments
By Type
-
Portable
-
Stationary
By Technology
-
Rotary Screw
-
Centrifugal
-
Reciprocating
By Lubrication Type
-
Oil-Free
-
Oil-Injected/Flooded
By Power Rating
-
0-100 kW
-
101-300 kW
-
301-500 kW
-
501 kW & Above
By Cooling Method
-
Air Cooled
-
Water Cooled
By Industry Vertical
-
Manufacturing
-
Construction
-
Oil & Gas
-
Healthcare
-
Others
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 4.69 Billion |
|
Revenue Forecast in 2030 |
USD 6.08 Billion |
|
Growth Rate |
CAGR of 3.3% from 2024 to 2030 |
|
Market Volume in 2023 |
199 thousand units |
|
Unit Forecast in 2030 |
322 thousand units |
|
Volume Growth Rate |
CAGR of 6.5% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
-
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
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