Industrial Air Compressor Market Analysis, Forecast, and Growth Prospects in Canada
The industrial air compressor market in Canada is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.1%. The growth of this market is typically attributed to the rising power generation, natural gas production, pharmaceutical manufacturing, etc.
We can notice the wide uses of industrial air compressors in these sectors. The more these sectors grow, the more we will see the uses of industrial air compressors. It will also impact the sales of air compressors.
The above discussion was only a quick snapshot of Canada's industrial air compressor market. Continue reading to unfold the entire market outlook and growth prospects. This post also features a short buying guide which will help you streamline your industrial air compressor buying journey and empower you to make a wise decision. So, without wasting any time, let's get started.
Market Outlook and Future Growth Potential
So far from our previous discussion, we have learned that industrial air compressors fall in the secondary sector. Its growth mostly depends on the power and energy sector. To understand the growth opportunities of the industrial air compressor market, we have to understand how the Canadian energy and power sector will perform in the future.
In a recent report, British Petroleum Company Limited stated that Canada produced around 663.7 terawatt-hours (TWh) of electricity in 2015. This number significantly declined to 654.4 TWh in 2018. However, the government is planning to boost electricity generation. This is highly positive news for all the Canadian industrial air compressor market players.
Meanwhile, we have also seen a significant boost in Canada's natural gas production capacity during the period between 2015 and 2018. British Petroleum Company Limited's report says that Canada's gas production capacity has improved significantly in the last few years. It justifies the country's improvement in gas production from 2015-to 2018. So far, many statistics have expected a massive demand rise in the Canadian energy sector. It also provides growth opportunities for the industrial air compressor market in Canada.
The industrial air compressor market in Canada can be segmented depending on product type, end-user demography, and technology. The market can be categorized into positive displacement and dynamic displacement compressors in terms of technology. The positive displacement compressors market can be segmented further into:
- Rotary air compressors
- Reciprocating compressors
Rotary air compressors include different segments like:
- Screw compressors
- Scroll compressors
- Liquid ring compressors
- Vane compressors
- Lobe compressors
The reciprocating air compressor market includes diaphragm single-acting and double-acting compressors.
The dynamic displacement compressors segment, on the other hand, can be categorized further into centrifugal compressors and axial flow air compressors.
Based on end-users, the industrial air compressors market in Canada can be classified into several segments:
- Energy & power
- Oil and gas
- Food and beverage
- Manufacturing etc.
As far as the compressor type is concerned, the market is segmented into stationary and portable.
Quick Buying Guide
Air compressors are known to make tough jobs easier. However, the selection process can be a daunting experience if you don’t have much technical knowledge regarding this tool. Below are a few tips that will help you choose the best air compressor according to your needs:
- Always consider your pressure and volume requirements before choosing any air compressor.
- Check the horsepower (HP) of the air compressor before investing in it. Heavy-duty air compressors have better horsepower, and companies retain them for industrial uses.
- CFM (Cubic Feet per Minute) is another important metric in air compressors that you must consider before finalizing your buying decision. 14.5 PSIA is considered standard CFM with 0% relative humidity at 20 °C temperature.
- Do not take the tank size of your air compressor for granted. A large tank is preferred to handle industry-grade heavy tasks. On the other hand, small tanks work excellent for low-duty applications like operating nail guns.
These are a few of the many factors you must consider before buying an industrial air compressor. Feel free to contact our team to receive further support and expert advice on choosing a suitable air compressor to cater to your diverse needs. MasterAire is the leading supplier of top-rated air compressors that can make your complex tasks more manageable. Visit our product pages now and explore our full range of rotary screw air compressors available for sale at the best price in the market.