North America air compressor Market Demand, Trend, Growth Opportunities by 2023
tusharJuly 20, 2021
According to a new report by Allied Market Research, titled, North America Air Compressor Market by Type, Technology, Lubrication Method, And Country: Opportunity Analysis and Industry Forecast, 2016-2023, 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.
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