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Analysis of the North American Air Compressor Market : Demand for Oil-free Compressors Will Boost Growth

  • January 2015
  • 86 pages
  • Frost & Sullivan
Report ID: 2657220

Summary

Table of Contents

Key Findings

•The North American air compressor market generated a revenue of $ x billion in 2014, and is expected to grow at a compound annual growth rate (CAGR) of x % between 2014 and 2021.
•There is a renewed outlook in North America after the commencement of shale gas production, which has led to increased investments in oil and gas and other industries.
•Lowered energy costs provide an immense cost advantage, due to which several industries have been reshored.
•The growing food and beverage industry and stricter regulations are expected to boost demand for oil-free-type compressors.
•Although compressor technologies are mature, the need for better energy efficiency and compliance with environmental regulations draws end users to upgrade their compression systems.
•The North American air compressor market is expected to reach a revenue of $ x billion in 2021.

CEO’s Perspective

Growing demand for convenient and packaged food is expected to drive the market for oil-free compressors.
Regulations on emissions and efficiency drive end users to adopt new technology, hence increasing the need for R&D.
A full-fledged compression solution and high-quality service are important for a successful compressor vendor.
Manufacturers need to cater to the growing rental market for air compressors.
The ability to provide a complete automated compression solution is expected to be a key differentiator.

Key Questions This Study Will Answer

Is the air compressor market growing, how long will it continue to grow, and at what rate?
Which are the main competitors in the market?
What are the qualitative and quantitative trends affecting the market?
How will the structure of the market change with time? Is the market ripe for acquisitions?
Are the products/services offered today meeting customer needs or is additional development needed?
What are the dynamics of this mature market and how does it look to pan out during the coming years?

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