Wednesday, 7 January 2015
North American Air Compressor Market towards a Revival
Allied Market Research adds a report titled “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 would attain a market size of $6.6 billion by 2020 with 6.1% CAGR during 2014 – 2020. The report contains deeper market insights on the global North American compressor market.
After worldwide recession in the year 2009, the provincial business sector has watched fall in the huge compressors utilization as a part of substantial mechanical applications.
Notwithstanding, the interest determined by little and moderate sized commercial ventures has served to manage the matter of business players at standard of prior levels. The North American business sector experienced a rise in the demand from all commercial ventures with the exception of mining. The oil & gas application has encountered increased demand due to expanded exploration ventures.
Many companies provide the air compressor in the North American market owing to a substantial size and demand of the market. Gardner Denver offers its air compressors with brand CompAir across world. American Compressor Company emphases particularly on developing products for numerous industrial applications. The firm has manufactured rotary compressors for the heavy industrial applications, which are used across the market.
“The market would be driven by industries such as construction and oil & gas. The construction industry would drive the usage of low duty oil-free air compressors. The increased oil & gas exploration activities would drive the adoption of heavy duty air compressors for next few years. The market which has reached a mature stage, would observe a limited growth due to shifted focus towards emerging countries,” states AMR analyst.
“The adoption of air compressors in industries can be observed due to potential reviving of suspended projects during global recession in 2009,” adds the analyst.
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