Canada Oil Free Air Compressor Market Size & Outlook
Canada oil free air compressor market, 2018-2030 (US$M)
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Canada oil free air compressor market highlights
- The Canada oil free air compressor market generated a revenue of USD 630.2 million in 2023 and is expected to reach USD 848.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, stationary was the largest revenue generating product in 2023.
- Portable is the most lucrative product segment registering the fastest growth during the forecast period.
Oil free air compressor market data book summary
| Market revenue in 2023 | USD 630.2 million |
| Market revenue in 2030 | USD 848.7 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Stationary |
| Fastest growing segment | Portable |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Portable, Stationary |
| Key market players worldwide | Atlas Copco AB Class A, Hanwha, Ingersoll Rand Inc, Kaeser Kompressoren, Doosan Fuel Cell Ordinary Shares, Hitachi Ltd, Anest Iwata |
Other key industry trends
- In terms of revenue, Canada accounted for 5.1% of the global oil free air compressor market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. oil free air compressor market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 292.4 million by 2030.
Stationary was the largest segment with a revenue share of 54.73% in 2023. Horizon Databook has segmented the Canada oil free air compressor market based on portable, stationary covering the revenue growth of each sub-segment from 2018 to 2030.
Oil free air compressors are becoming increasingly popular in Canada due to their ability to produce clean, high-quality compressed air without the risk of oil contamination. This is particularly important in applications where the air supply needs to be free from oil and other contaminants, such as in food and beverage processing or medical facilities.
There is an increasing trend towards the adoption of oil free air compression technology, particularly in industries such as healthcare, pharmaceuticals, food and beverage, and electronics manufacturing owing to the need for higher levels of air purity, energy efficiency, and environmental sustainability.
Additionally, many oil free compressors are designed with recyclable materials and are built to last, reducing the need for frequent replacements and further reducing their environmental impact. Market players are significantly investing in various expansion activities to capitalize on the opportunities in the Canadian region.
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Oil Free Air Compressor Market Scope
Oil Free Air Compressor Market Companies
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Canada oil free air compressor market size, by product, 2018-2030 (US$M)
Canada Oil Free Air Compressor Market Outlook Share, 2023 & 2030 (US$M)
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