Global Oil Free Air Compressor Market by Application (Energy, Manufacturing, Home Appliances), by Product (Portable, Stationary) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global oil-free air compressor market was valued at USD 11.24 Billion in 2018. It is projected to grow at a 4.8% CAGR between 2019 and 2025. The market is expected to grow due to increased demand for oil-free compressors in areas where air quality matters. These compressors are more reliable and efficient. This makes them highly desirable in the end-use industry.

Oil free air compressors are used in key sectors such as food & beverage, manufacturing and home appliances. There have been a lot of regulations in place to improve air quality due to rising environmental awareness. The forecast period will see a rise in demand for compressors that are low-maintenance.

The future growth of product demand will be driven by a growing focus on energy efficiency, energy recovery and reducing CO ₂ emission. Global market growth will be driven by rising demand for value-added service and the need to monitor compressed gas installations. Over the forecast period, the market may be affected by rising costs of raw materials.

These compressors are made from copper, Steel and aluminum as the primary raw materials. Due to rising product demand, the demand for these raw materials is increasing over time. The only way to offset the rising product costs is to increase sales in the end-use industries.

Product Insights

The market can be divided into two segments based on product: stationary and portable. In 2018, the portable segment held the largest market share and is expected to grow at a notable CAGR during the forecast period. Segment growth will be driven by product features such as high-speed, high-quality digital systems, low operating noise, and low maintenance costs.

The segment will be driven by increasing consumer awareness and favorable government policies regarding energy conservation. From 2019 to 2025, the stationary segment will also see a significant increase in CAGR. These products have a larger tank, which results in a greater air-compression capability. They are widely used in construction and oil & gas industries.

Power Rating Insights

The segment with a power rating of 2 to 55 kW captured over 50% of the market share in 2018, and is expected to grow rapidly. This is due to the high demand for low-power products within the rotary compressors and centrifugal compressions segments. This segment is expected to grow further due to widespread adoption of these products across many end-use industries.

The demand will be driven by government policies regarding energy conservation and consumer awareness, which are expected to increase over the forecast period. The market for portable oil-free compressors will grow due to increasing end-user demand and quality.

Technology Insights

The market can be divided into three segments based on technology: reciprocating, rotary/screw and centrifugal. The market share held by the rotary/screw segment was significant in 2018. It is expected to grow at a CAGR of more than 4% during the forecast period. This is due to the widespread adoption of this technology for heavy industrial applications. The centrifugal segment will continue to grow in the future, mainly due to its increasing use in non-industrial applications. The majority of centrifugal products are used in the oil & gas, automotive, and refining industries. These industries are key to boosting segment development. The benefits of centrifugal technology in industrial settings are often preferred, such as a shorter payback period. This is an important factor to consider for consumers.

Application Insights

In 2018, the manufacturing sector accounted for more than 30% of global market share. It is predicted that this industry will grow at a CAGR greater than 4.0% between 2019 and 2025. The manufacturing industry is a major user of portable compressors. Oil-free air can be used in many plants to provide power for the manufacture of equipment and machines. Steel manufacturing uses air to blow directly into the furnace. The furnace heats the steel and cools it. For example, oil-free compressors are used in areas where there is no acceptable amount of oil carryover.

These compressors are lighter than oil-lubricated counterparts and can produce the same air flow and pressure. This leads to higher demand from these industries. Clean air is becoming more important for efficient operations in the end-use industries, such as healthcare and food & beverages. These sectors are seeing increased demand for products due to the implementation of safety and hygiene regulations.

Regional Insights

Due to higher investment in infrastructure development and manufacturing facilities, the Asia Pacific market will experience the greatest CAGR during the forecast period. The changing regulatory environment and growing awareness regarding the use of sustainable and eco-friendly products will also drive significant growth in Latin America and the Middle East & Africa. These compressors have been adopted in the Middle East due to the rising need to improve power generation capacity to meet growing demand.

The market has new growth opportunities due to the untapped potential of downstream activities in countries like Qatar, UAE, Kuwait and UAE. In 2018, the North America and Europe regions saw a significant increase. The saturation of end-use sectors is expected to cause a decline in market share for these regions over the forecast period. The product demand has been negatively affected by the European economic slowdown and the financial crisis.

Market Share Insights & Key Companies

The market is fragmented, with only a few companies representing a significant share of the global market. These companies include General Electric, Atlas Copco and Ingersoll Rand PLC. These industry players focus on M&A to diversify and expand their product offering. Manufacturers offer retrofitting services for existing products in addition to products that have integrated control capabilities. The industry competition is mainly based on product pricing, certification, and compliance from multiple organizations.

Oil-Free Air Compressor Market Report Scope

The Report Covers Certain Segments

This report forecasts revenue growth and volume growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the global oil-free air compressor market report by product, technology, power rating and application.

• Product Outlook (Revenue USD Million, 2014-2025)

  • Stationary

  • Portable

• Technology Outlook (Revenue USD Million, 2014-2025)

  • Reciprocating

  • Rotary/Screw

  • Centrifugal

• Power Rating Outlook (Revenue USD Million, 2014-2025)

  • 2kW to 55kW

  • More than 55kW

• App Outlook (Revenue USD Million, 2014-2025)

  • Manufacturing

  • Semiconductor & Electronics

  • Food & Beverage

  • Healthcare

  • Home Appliances

  • Energie

  • Oil & Gas

  • Other

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • The U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Singapore

    • Australia

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • UAE

These are the most frequently asked questions about this report

b. Global oil-free air compressor market was valued at USD 11,736.70 Million in 2019, and is forecast to grow to USD 12,268.37 Million in 2020.

b. Global oil-free air compressor markets are expected to expand at a compound annual rate of 4.8% between 2019 and 2025, reaching USD 15,565.58 millions by 2025.

b. With a 31.3% share in 2019, Asia Pacific was the dominant market for oil-free air compressors. This can be attributed to higher expenditures on infrastructural developments and manufacturing facilities.

b. Atlas Copco, FS Elliot Co., LLC, Hanwha Techwin, Ingersoll Rand Plc, Sullair LLC, Sundyne, Gardner Denver, Inc., Kaeser Kompressoren SE, Doosan Portable Power, and Sullivan-Palatek, Inc. are some of the key players in the oil-free air compressor market.

b. The market for oil-free air compressors is growing due to rising demand in areas where air quality matters, as well as increasing emphasis on energy efficiency, energy recuperation, and reducing CO2 emissions.

Up Market Research published a new report titled “Oil Free Air Compressor Market research report which is segmented by Application (Energy, Manufacturing, Home Appliances), by Product (Portable, Stationary), By Players/Companies Inc; Kaeser Kompressoren SE; Doosan Portable Power; and Sullivan-Palatek, LLC; Hanwha Techwin; Ingersoll Rand Plc; Sullair LLC; Sundyne; Gardner Denver, Inc, Atlas Copco; FS Elliot Co”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Oil Free Air Compressor Market Report Segments:

The market is segmented by Application (Energy, Manufacturing, Home Appliances), by Product (Portable, Stationary).

Oil Free Air Compressor Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Oil Free Air Compressor Market

Overview of the regional outlook of the Oil Free Air Compressor Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Oil Free Air Compressor Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Oil Free Air Compressor Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Energy

                2. Manufacturing

                3. Home Appliances

                1. Portable

                2. Stationary

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Oil Free Air Compressor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Oil Free Air Compressor Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.