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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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.
Canada Industrial Air Compressor Market- Segmentation
By Type
• Portable
• Stationary
By Technology
• Dynamic Displacement Compressors
• Positive Displacement Compressors
By End-Users
• Food & Beverages
• Oil & Gas
• Energy and Power
• Manufacturing
• Automotive
• Others (Construction and Mining)
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