U.S. Air Compressed Equipment Market Size - By Component (Compressor, Treatment Equipment, Distribution System), End-use (Manufacturing, Pharmaceuticals, Food & Beverage, Oil & Gas, Construction & Mining, Energy & Chemical, Automotive) & Forecast, 2024- 2032

U.S. Air Compressed Equipment Market Size - By Component (Compressor, Treatment Equipment, Distribution System), End-use (Manufacturing, Pharmaceuticals, Food & Beverage, Oil & Gas, Construction & Mining, Energy & Chemical, Automotive) & Forecast, 2024- 2032

U.S. Air Compressed Equipment Market Size

U.S. Air Compressed Equipment Market was valued at USD 5 billion in 2023 and is likely to register at a CAGR of around 6% from 2024 to 2032, propelled by the growing product demand from the healthcare sector. Compressed air systems play a crucial role in various applications in the healthcare industry including the manufacturing processes of medical devices.

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An air-compressed equipment utilizes compressed air to power various tools and machinery. It includes air compressors that generate pressurized air, which is stored in tanks or released through hoses to operate pneumatic tools such as drills, sanders, and impact wrenches. These systems are versatile, efficient, and widely used across industries for their reliability and ability to perform various tasks.
 

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The purchase and installation of air compressed equipment including compressors & associated infrastructure involve substantial capital investments. For businesses, particularly smaller enterprises or those with budget constraints, the upfront costs can be a significant hurdle. This may lead to delays or reluctance in adopting air compressed equipment. Existing businesses operating with older or less efficient compressed air systems may find it challenging to allocate budget resources for upgrading to newer, more advanced equipment. The reluctance to incur high initial costs may lead to the continuation of older, less energy-efficient systems, potentially impacting the overall operational efficiency.

U.S. Air Compressed Equipment Market Trends

The U.S. air compressed equipment industry is expected to grow significantly, due to the increasing urban population, supportive government policies, and a rise in industrialization & manufacturing. There is a rising demand for compressed air systems in various industries due to their versatility and efficiency in powering pneumatic tools & machinery. Advancements in energy-efficient compressors and the emphasis on reducing carbon footprints have led to the adoption of more eco-friendly & sustainable compressed air solutions.

The integration of smart technologies and IoT in air compressor systems enables remote monitoring and predictive maintenance, optimizing performance & reducing downtime. The market is also witnessing a rapid shift toward oil-free compressors, especially in industries including healthcare and food & beverage, where air quality is critical.

U.S. Air Compressed Equipment Market Analysis

Based on end use, the market is segmented into manufacturing, pharmaceuticals, food & beverage, oil & gas, construction & mining, energy & chemical, automotive, and others. The manufacturing segment dominated the global market with a share of over 40% in 2023.

• The U.S. manufacturing sector is witnessing substantial growth in the utilization of air compressed equipment due to several key factors. The industry uses compressed air extensively for various purposes including managing assembly line operations, operating pneumatic tools, and controlling automated machinery. Due to the ongoing trend toward industrial automation, compressed air systems are in high demand as they power a wide range of automated manufacturing equipment.
   
• As manufacturing operations place a high priority on cost- & energy-effectiveness, advanced compressed air technologies are gradually being adopted. Production facilities aim to maximize output while reducing energy usage by implementing smart features for monitoring and optimization as well as by developing energy-efficient compressors. Compressed air plays a crucial role in manufacturing processes, along with the convergence of technological advancements, augmenting the U.S. air compressed equipment market.

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Based on the component, the market is divided into compressor, treatment equipment, and distribution system. The compressor segment is anticipated to register a CAGR of over 7% through 2032.

• Compressors, as a pivotal component in air-compressed equipment, are experiencing growth driven by technological advancements and evolving industry demands. Energy-efficient compressors, particularly those that use variable-speed technology, are in high demand due to their ability to lower operating costs and energy consumption. Industries such as healthcare and food & beverages are adopting oil-free and environmentally friendly compressors due to the growing emphasis on sustainability.
   
• The addition of smart features and IoT capabilities to compressors allows for performance optimization, predictive maintenance & remote monitoring, all of which meet the ever-increasing demands for dependability and efficiency. Innovations in compressors driven by renewable energy are spurring market expansion and supporting the overall trend toward sustainability. These advancements in compressor technology address diverse industry requirements, contributing to their substantial growth in the U.S.

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U.S. Air Compressed Equipment Market Share

Players operating in the U.S. air compressed equipment industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. Industry players also heavily invest in R&D to introduce innovative and technologically advanced solutions in the market.

U.S. Air Compressed Equipment Market Companies

Major players operating in the U.S. air compressed equipment industry are

• Atlas Copco
• Ingersoll Rand
• Kaeser Kompressoren SE
• Quincy Compressor
• Campbell Hausfeld
• Elgi Equipments
• Powerex Inc.

U.S. Air Compressed Equipment Industry News

• In November 2022, Atlas Copco acquired Aircel, LLC., a provider of air treatment and air purification solutions based in the U.S. This acquisition helped Atlas expand its portfolio as Aircel serves a wide range of industries such as food & beverage, automotive, medical, dental, aviation, pharmaceutical, electronics, energy, and petrochemicals.
   
• In September 2022, Bitzer launched a super-lightweight scroll compressor for air conditioning on the move. The Speedlite ELV52 compressor is designed to address the specific air conditioning requirements of electric buses and trains to ensure a stable & comfortable environment for passengers.

This market research report on U.S. air compressed equipment includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments

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Market, By Type

• Compressor
• Rotary Compressors
• Reciprocating Compressors
• Centrifugal Compressors 
• Treatment Equipment
• Filters
• Dryers
• Aftercoolers
• Others - Condensate Trap, Air Cooler, Air Receiver Tank
• Distribution System

Market, By End Use Industry

• Manufacturing
• Pharmaceuticals
• Food & Beverage
• Oil & Gas
• Constructions & Mining
• Energy & Chemical
• Automotive
• Others

The above information is provided for the following regions and countries

• U.S.