Global Oil Free Air Compressor Market was valued at US$ xx Bn in 2019 and is expected to reach US$ 15.6 Bn by 2026, at a CAGR of 4.2% during the forecast period.
Global Oil Free Air Compressor Market Introduction
A compressor is a pre-lubricated mechanical device that boosts a gas's pressure by reducing its volume without using oil. These are made to work without the use of any oil in the compression chamber. CFM (cubic feet per minute of intake air) and HP (horsepower) are the two units of measurement for an oil-free compressor (horsepower).
Compressed air is a commodity on par with energy, water, and heat, and it's used in almost every industrial manufacturing operation. In almost all manufacturing plants, compressed air is used to power machines, tools, processes, and automation, as well as to transport materials related to production processes in various ways.
Global Oil Free Air Compressor Market Dynamics
The use of oil-free compressors has a number of advantages that assist manufacturers in lowering overall operating costs and conserving resources. Oil-free compressors save energy by eliminating downstream filtration and regular oil adjustments, in addition to eliminating the collection and disposal of oil condensate. Furthermore, as compared to other compressors, the compressors reduce the chance of compressed pipeline fires and need less maintenance.
The advantages of oil-free compressors, combined with strict environmental regulations, are propelling the oil-free compressor industry to new heights around the world. Oil-free compressors offer investors the option of eliminating extra processes and saving money. Oil-free compressors are increasingly replacing traditional compressors in the food and beverage industry as a result of these advantages. The demand for oil-free compressors is expected to benefit significantly as a result of this factor.
Air compressors are used in many aspects of pharmaceutical production, including product drying, nitrogen generation, washing, and material handling. Manufacturers must ensure that the air used in these processes is free of contaminants. Pharmaceutical companies must strictly follow the guidelines set out by regulatory agencies. Failure to do so has a financial effect as well as a negative impact on a company's image. I
n the near future, the pharmaceutical industry is expected to grow significantly. The utility of an oil-free compressor, combined with its low operating and installation costs, is helping it gain traction in the pharmaceutical industry, which is boosting the oil-free compressor market's growth. Many companies in the pharmaceutical, electronics, and food and beverage industries are looking for oil-free compressors that can deliver responsive compressed oil-free air.
Leading players in the oil-free compressor market are focused on developing innovative products to capitalize on the widespread trend. Sullair, a major player in the oil-free compressor industry, has introduced a new oil-free compressor with cutting-edge emission technology. The newly released product uses FDA-approved PTFE as a coating to extend the life of the air end and improve the compression's corrosion resistance. In addition to these advantages, the oil compressor is compact and low-maintenance.
Global Oil Free Air Compressor Market Segment Analysis
The demand for oil-free air compressors is divided into two categories: stationary and portable. The portable segment, which had a market share of xx per cent in 2018, is expected to rise at a significant CAGR over the forecast period. Product features like high speed, high-quality digital systems, low operating noise, and low maintenance costs are expected to help the segment expand. Increasing customer understanding of the importance of energy conservation, as well as supportive government policies, are expected to propel the segment forward.
From 2019 to 2025, the stationary segment is expected to grow at a significant rate. These goods have a larger tank, which results in a higher air-compression capacity, and are commonly used in the oil and gas, as well as the construction industries. The stationary segment includes a large number of compressors that are used in a variety of applications, including home appliances and automobiles.
The market has been divided into three categories based on technology: reciprocating, rotary/screw, and centrifugal. The rotary/screw segment accounted for a significant share of the market in 2018 and is expected to develop at a CAGR of xx% over the forecast period. This expansion can be attributed to the widespread use of this technology in heavy industrial applications.
The centrifugal section, on the other hand, is expected to gain momentum over the forecast era, owing to increased use in non-industrial applications. The automotive, manufacturing, and oil and gas industries all use centrifugal materials. The rapid development of these industries is a major factor in the segment's development. Centrifugal technology is often used in industrial settings because of the advantages it provides, such as a shorter payback time, which is a key factor for customers.
Global Oil Free Air Compressor Market
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Global Oil Free Air Compressor Market Regional Insights
Global Oil Free Air Compressor Market
Due to increased expenditure on infrastructure development and manufacturing facilities, the Asia Pacific market is expected to grow at the fastest CAGR during the forecast period. Latin America, the Middle East, and Africa are also expected to grow significantly in the future, owing to changing regulatory conditions and growing awareness of the importance of using environmentally friendly and sustainable products.
The Middle East region's adoption of these compressors has been fuelled by an increasing need to increase power generation capacities in order to efficiently meet the demand of a growing population. Furthermore, the market's untapped potential for downstream operations in developing countries such as Kuwait, the United Arab Emirates, and Qatar provides new growth opportunities.
In 2019, the North American and European regions saw significant development. However, due to the saturation of end-use industries, market shares in these regions are expected to decline over the forecast period. Furthermore, the widespread financial crisis and European economic downturn have harmed product demand.
Global Oil-Free Air Compressor Market Report Scope: Inquire before buying
Global Oil-Free Air Compressor Market
Global Oil Free Air Compressor Market, by Region
North America
Europe
South America
MEA
Asia Pacific
Global Oil Free Air Compressor Market Key Players
Atlas Copco
Ingersoll Rand PLC
Fs-Elliott Co., Llc,
Bauer Compressor Inc
Mehrer Josef Gmbh & Co. Kg.
Gardner Denver
General Electric
Anest Iwata Motherson Limited
Werther International Inc.
Kaeser Kompressoren
Quincy Compressor
Boge
Chicago Pneumatic
Ge Oil & Gas
Cook Compression
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