FOR IMMEDIATE RELEASEPressnews.biz (Press Release) Dec 30, 2014 -- North American Air Compressor Market (Type, Technology, Lubrication Type and Countries) - North America Opportunity Analysis and Forecast - 2013 - 2020, the North American air compressor market is forecast to reach $6.6 billion by 2020, growing at a CAGR of 6.1% during the period 2014 - 2020. The North American market highlights the potential of centrifugal air compressors which currently represent around 15% of the total market size by value. By 2020, the centrifugal air compressor market is expected to grow to double of its current size, representing over 30% of the total market size by value. The need of pure air in applications in FMCG, medical and pharmaceutical industries would increase the adoption of oil-free air compressors, which is expected to generate over 46% of market size by value by 2020. The North American market which was badly hit at the time of recession, is recovering due to the reinitiating of the stalled projects since 2012 onwards.Among the various lubrication methods, oil lubrication is commonly adopted in the North American market. The oil lubricated air compressors contributed more than ½ of the market size by value in 2013. Based on mobility, the air compressor systems are segmented into stationary and portable models. The stationary air compressors were the major revenue contributors in 2013 and would continue to drive the market through 2020, based on their wide scale applications in heavy duty industry. The portable air compressors are found useful in on-site construction applications, FMCG industry and medical & pharmaceutical purposes. Conclusively, applications of air compressors are observed in enormous industries such as FMCG, oil & gas, manufacturing, automotive, etc., due to energy efficiency, eco-friendliness and portability of these machines. Additionally, the increased oil exploration activities in U.S.A. and Mexican territories are driving the usage of heavy duty air compressors in the region.
|Issued By||:||Mr. Amitava Sen|
|Website||:||Market Research Reports, Inc.|
|Business Address||:||15192 Coastal Hwy, Lewes, DE 19958, USA Fax- +91-80-26860844
|Tags||:||Manufacturing, North America, market research reports|
|Last Updated||:||Dec 30, 2014|
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