U.S. market for pumps and sprayers looks strong

March 8, 2007

Steadily increasing U.S. GDP, a strong commercial construction market, and increased demand from major end-use industries are bolstering the U.S. market for compressors, vacuum pumps, and industrial spraying equipment.

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The value of air and gas compressors combined with vacuum pumps could rise from $3.7 billion in 2006 to $4.4 billion in 2010, according to market research publisher SBI, a division of MarketResearch.com. Similarly, the value of the industrial spraying-equipment market is projected to increase at a compound annual growth rate of nearly 12%, from $1.5 billion in 2006 to $2.3 billion in 2010.