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At present, air compressors witness an increased adoption in North America, owing to technological innovations in product offerings, and proliferation of energy-efficient and cost-effective air compressors, and increase in application areas among end users.
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North America Air Compressor Market At present, air compressors witness an increased adoption in North America, owing to technological innovations in product offerings, and proliferation of energy-efficient and cost-effective air compressors, and increase in application areas among end users. Furthermore, rapid urbanization has resulted in a surge in infrastructural and manufacturing activities; this is turn, has facilitated the growth of North America air compressor market. However, inconsistent demand patterns restraint the North America air compressor market growth. The stationary segment dominated the air compressor market in 2016, with around 62% revenue share and it is anticipated to exhibit fastest growth rate. This growth is attributed to the increase in demand from end-use industries and rise in investment across all the process industries.
North America Air Compressor Market The North America Air Compressor market was valued at $4,475 million in 2016, and is projected to reach at $5,754 million by 2023, growing at a CAGR of 3.68% from 2017 to 2023. The major factors that drive the market are high energy efficiency, low maintenance cost, environmental friendliness, portability, and ability to deliver variation in supplied pressure support the market growth. In addition, growth associated with end-use industries, surge in requirement for technologically advanced products, and rise in application areas also boost the growth of the North America air compressor market. Download Request Sample: https://www.alliedmarketresearch.com/request-sample/590
North America Air Compressor Market • Key Findings of the North America Air Compressor Market: • The stationary segment dominated the North America air compressor market in 2016. • The rotary and centrifugal segments are estimated to provide significant growth opportunities to the key market players. • The U.S. market is expected to be dominant, in terms of market size. However, Canada is estimated to possess the highest CAGR during the forecast period. • Purchase Enquiry of Report: https://www.alliedmarketresearch.com/purchase-enquiry/590
North America Air Compressor Market Access Full Report : https://www.alliedmarketresearch.com/north-american-air-compressor-market
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