North American Air Compressor Market posed for a significant growth

23 Dec
2014

6585 Views

Allied Market Research published a report titled “North American Air Compressor Market (Type, Technology, Lubrication Type and Countries) - North America Opportunity Analysis and Forecast - 2013 – 2020.” The report forecast the North American air compressor market to reach a value of $6.6 billion by 2020, registering a CAGR of 6.1% during 2014 – 2020.

The centrifugal air compressors segment of North America holds around 15% of the overall market share in terms of value. It is expected to reach 30% in its market share by 2020. The requirement of pure air in numerous application in fields such a pharmaceutical, FMCG, and medicine would spur the adoption rate of oil free air compressor by 2020 with an estimated market share of 46% in terms of value.

Among the different lubrication methods, oil lubrication is normally used in the North American market. The oil lubrication air compressors accounted for more than half the market size by value. In terms of mobility, the air compressor market is segmented into portable and stationery models.

The stationary air compressors were the significant income generating segment in 2013 and would keep on driving the business through 2020, taking into account their numerous applications in heavy industry. The portable air compressors become valuable in therapeutic & pharmaceutical industry, MCG industry and on-site application development.

In terms of technology, the air compressors market consists of rotary, centrifugal air and reciprocating compressors. Centrifugal is known as dynamic air compressor; while, reciprocating and rotary are known as positive displacement air compressors; whereas. Rotary air compressor generated maximum revenues in 2013 and would continue to lead the market in terms of revenue by 2020. Centrifugal air compressor would also experience a higher growth rate due to its numerous applications, and ability to provide constant and high movement of air pressure coupled with the oil free operations.

Akhilesh Prabhugaonkar

Author's Bio- Akhilesh Prabhugaonkar holds a bachelor’s degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.

Automation has a new meaning with Industrial Robotics

Factory automation helping the permanent motors market with significant growth rate

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

Avenue is an innovative subscription-based online report database.
Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
Request customizations, suggest new reports, and avail analyst support as per your requirements.
Get an access to the library of reports at any time from any device and anywhere.