North America Oil Free Air Compressor Market Size & Outlook
North America oil free air compressor market, 2018-2030 (US$M)
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North America oil free air compressor market highlights
- The North America oil free air compressor market generated a revenue of USD 2,892.8 million in 2023.
- The market is expected to grow at a CAGR of 3.9% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,892.8 million |
| Market revenue in 2030 | USD 3,773.0 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Stationary |
| Fastest growing segment | Portable |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 23.4% of the global oil free air compressor market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,857.9 million by 2030.
Stationary was the largest segment with a revenue share of 55.06% in 2023. Horizon Databook has segmented the North America oil free air compressor market based on portable, stationary covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for oil free air compressors in North America has been steadily increasing in recent years due to various factors, including environmental concerns, stricter regulations, and the need for higher air quality in critical industry applications.
Oil free air compressors are widely used in industries such as food and beverage, pharmaceuticals, electronics, automotive, and healthcare, where the quality of compressed air is crucial to maintain product integrity, product quality, and ensure operational efficiency.
One of the key drivers of the market in North America is the growing awareness and emphasis on environmental sustainability. Oil free air compressors do not release oil vapors or contaminants into the compressed air stream, resulting in an increasing demand for such products due to increasing emphasis and awareness on environment sustainability in the North American region.
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Oil Free Air Compressor Market Scope
Oil Free Air Compressor Market Companies
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North America oil free air compressor market size, by country, 2018-2030 (US$M)
North America Oil Free Air Compressor Market Outlook Share, 2023 & 2030 (US$M)
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