Canada industrial air compressor market is estimated to grow modestly at a CAGR of around 4.1% during the forecast period. The growth of the market in the country is primarily attributed to the increasing natural gas production, power, and energy sector, and expanding pharmaceutical manufacturing units. These industrial areas utilize industrial air compressors considerably for various applications, thereby, supports the market growth of the country. A considerable market of industrial compressors is expected in the energy and power sector of the country. Many power plant units are based in Canada that work on both renewable and non-renewable sources of energy.
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According to the BP PLC, Canada produced around 663.7 terawatt-hours (TWh) of electricity in 2015 which significantly declined to around 654.4 TWh in 2018; however, it is further expected to increase in near future. Moreover, the country has also witnessed a significant increase in its natural gas production capacity over the period 2015-2018. According to the BP PLC, the country’s natural gas production stood at 138.2 Mtoe in 2015 which substantially increased to 158.8 Mtoe in 2018, accounting for an increase of around 15% over the period 2015-2018. These statistics are further estimated to expand in the near future as the demand for energy increases; thereby, providing various growth opportunities for Canadian industrial air compressor market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Canada Industrial Air Compressor Market by Type
- Portable
- Stationary
Canada Industrial Air Compressor Market by Technology
- Dynamic Displacement Compressors
- Axial Flow Air Compressors
- Centrifugal Compressors
- Positive Displacement Compressors
- Rotary Air Compressors
- Reciprocating Compressors
Canada Industrial Air Compressor Market by End-Users
- Food & Beverages
- Oil & Gas
- Energy and Power
- Manufacturing
- Automotive
- Others (Construction and Mining)
Company Profiles
- Atlas Copco AB
- BAUER COMPRESSORS INC.
- COMAIRCO
- Elliott Group
- Gardner Denver, Inc.
- General Electric Co.
- Hitachi Ltd.
- Ingersoll-Rand PLC
- Siemens AG
- Stanley Black & Decker, Inc.
The Report Covers
- Comprehensive research methodology of the Canada industrial air compressor market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Canada industrial air compressor market.
- Insights about market determinants which are stimulating the Canada industrial air compressor market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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