| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 3.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Compressor Market Analysis
The North America Compressor Market is expected to register a CAGR of 3.8% during the forecast period.
The market was negatively impacted by the outbreak of COVID-19 due to regional lockdowns and a slowdown in end-user industries. Currently, the market has reached pre-pandemic levels.
- Factors such as increasing demand for compressors from the refineries and petrochemical plants that use compressors to deal with various operations related to gases will likely drive the North American compressor market.
- However, increasing the installation of renewable energy sources to provide power that does not use compressors is expected to restrain the North American compressor market.
- Massive amounts of proven shale reserves in countries such as Canada and Mexico, when extracted, are expected to use compressors for gas transportation and will likely create several opportunities for the North American compressor market in the future.
- The United States, due to its highest oil and gas refining capacity in the region, is expected to dominate the North America compressor market.
North America Compressor Market Trends
Oil and Gas Industry Segment Expected to Dominate the Market
- Compressors are mechanical devices that increase the pressure of a gas by reducing its volume. They are widely used throughout the oil and gas industry. The upstream, midstream, and downstream sectors of the oil and gas business require compression for numerous applications, such as transmission, storage, gas gathering, gas lift, gas injection, flash gas compression, and refrigeration.
- Moreover, compressors are also an integral part of the gas transportation infrastructure. Hence, the expanding gas pipeline networks are expected to be one of the most significant drivers for the growth of the market studied during the forecast period.
- In 2021, the total liquefied natural gas (LNG) export from the region was 108.3 billion cubic meters (bcm), which was higher than the region exported in 2020 81.2 bcm. The conversion of the LNG from gas is likely to use compressors, and the increase in the LNG exports from the region is expected to create a positive impact on the compressor market in the region.
- In March 2022, We Energies hired Burns & McDonnell to provide engineer-procure-construct (EPC) services for two liquefied natural gas (LNG) peaking facilities in southeastern Wisconsin, near Ixoniaand Bluff Creek. The projects aim to build LNG peak shaving facilities instead of a pipeline expansion, allowing We Energies to continue providing reliable service at a significantly lower cost.
- Hence, owing to the above points, the oil and gas industry segment is likely going to dominate the North America compressor market during the forecast period.
Understand The Key Trends Shaping This Market
Download PDF
United States Expected to Dominate the Market
- The United States, due to the constant increase in energy demand and an increasing number of commercial and industrial operations, the country is likely to be the largest market for compressors in North America. Moreover, the growth in the share of natural gas in power generation is driven by low natural gas prices and an increasing number of such plants, which is likely going to drive the compressor market.
- The shale revolution in the United States has resulted in unprecedented petrochemical capacity creation and expansion, primarily along the United States Gulf Coast. As a result, the petrochemical sector has witnessed steady growth in the number of projects and investments. The transportation of shale gas through pipelines or by tankers in the form of LNG requires extensive use of compressors in the country.
- As of August 2022, there are in total of 160 LNG facilities in operation in the United States. Additionally, there are 11 LNG projects under construction, three of which are export terminals. The country's LNG exports have witnessed significant growth in recent years, rising from just 0.7 billion cubic meters in 2015 to 95 billion cubic meters in 2021.
- Additionally, the country has one of the largest chemical industries, globally. Several major players are investing in the chemical sector of the country, increasing the demand for compressors used in a chemical plant, during the forecast period.
- Hence, owing to the above points, the United States is expected to dominate the North America compressor market during the forecast period.
Get Analysis on Important Geographic Markets
Download PDF
North America Compressor Industry Overview
The North American compressor market is fragmented. Some of the key players in this market (in no particular order) include Atlas Copco AB, Siemens AG, Ariel Corporation, Ebara Corporation, and Aerzener Maschinenfabrik GmbH.
North America Compressor Market Leaders
-
Siemens AG
-
Ariel Corporation
-
Ebara Corporation
-
Atlas Copco AB
-
Aerzener Maschinenfabrik GmbH
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competiters?
Download PDF
North America Compressor Market News
- January 2022: ASK Chemicals Group successfully opened its new manufacturing facility in El Carmen, Mexico.
- March 2022: Tellurian Inc. announced today that the company had issued a limited notice to proceed to Bechtel Energy Inc. under its executed Engineering, Procurement, and Construction (EPC) contract to begin construction of phase one of the Driftwood LNG export terminal, located near Lake Charles, Louisiana.
North America Compressor Industry Segmentation
Compressors are mechanical devices that increase the pressure of a gas/air by reducing its volume and increasing its velocity. The North American compressor market is segmented into type, end-user, and geography. By type, the market is segmented into positive displacement and dynamic. By end-user, the market is segmented into the oil and gas industry, power sector, manufacturing sector, chemicals and petrochemical industries, and other end users. The report also covers the market size and forecasts for the North American compressor market across major countries in the region. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).
| Type | Positive Displacement |
| Dynamic | |
| End User | Oil and Gas Industry |
| Power Sector | |
| Manufacturing Sector | |
| Chemicals and Petrochemical Industry | |
| Other End User | |
| Geography | United States |
| Canada | |
| Rest of North America |
Need A Different Region or Segment?
Customize Now
North America Compressor Market Research FAQs
What is the current North America Compressor Market size?
The North America Compressor Market is projected to register a CAGR of 3.8% during the forecast period (2025-2030)
Who are the key players in North America Compressor Market?
Siemens AG, Ariel Corporation, Ebara Corporation, Atlas Copco AB and Aerzener Maschinenfabrik GmbH are the major companies operating in the North America Compressor Market.
What years does this North America Compressor Market cover?
The report covers the North America Compressor Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Compressor Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
North America Compressor Industry Report
Statistics for the 2025 North America Compressor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Compressor analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
