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.

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.

Canada industrial air compressor market is segmented based on type, technology, and end-user. Based on the technology, the market is classified into dynamic displacement and positive displacement compressors. The dynamic displacement compressors segment is further segmented into axial flow air compressors and centrifugal compressors. Whereas the positive displacement compressors segment is further segmented into rotary air compressors and reciprocating compressors. Furthermore, rotatory compressors include lobe, screw, liquid ring, scroll & vane compressors while reciprocating includes diaphragm double-acting and single-acting compressors. Based on type, the market is classified into portable and stationary. Based on end-user, the market is segmented into food and beverage, oil and gas, manufacturing, energy & power, automotive, and others. 

The companies which are contributing to the growth of the Canada industrial air compressor market include Ingersoll-Rand PLC, Kobe Steel Ltd., Stanley Black & Decker, Inc, Hitachi Ltd., GE Oil & Gas, Siemens AG, and Gardner Denver Holdings Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups, and technological advancements to stay competitive in the market. 

Research Methodology

The market study of the Canada industrial air compressor market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. Canada Industrial Air Compressor Market Research and Analysis by Type
2. Canada Industrial Air Compressor Market Research and Analysis by Technology
3. Canada Industrial Air Compressor Market Research and Analysis by End-Users

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.