April 13, 2024
Global Oil Free Air Compressor

Global Oil Free Air Compressor Market Is Estimated to Witness High Growth Owing To Rising Demand from Industrial Sector

Oil free air compressor is a machine that compresses air without the use of oil in its operation. It utilizes techniques like corkscrew rotors and oil-free scrolls or vane compressors to lubricate moving parts which does not contaminate the compressed air. Oil free air compressors find wide applications in pharmaceutical, food & beverages, electronics and other industries where oil contamination needs to be avoided.

The global oil free air compressor market is primarily driven by rising demand from end use industries such as electronics, food packaging, and pharmaceuticals.

The Global Oil Free Air Compressor Market Size Is Estimated To Be Valued At US$ 20 Bn In 2024 And Is Expected To Exhibit A CAGR Of 7.5% Over The Forecast Period 2024-2031.

Key Takeaways

Key players: Key players operating in the global oil free air compressor market are Fusheng, Kobelco, General Electric, Aerzen, Atlas Copco, Sullair, Mitsui, Hitachi, Anest Iwata, Nanjing Compressor, Boge, Fusheng, Shenyang Yuanda Compressor, Johnson Controls, Oasis Manufacturing, Elgi, Kaeser, AND Gardner Denver, Ingersoll Rand.
Key opportunities: Rising focus on preventing oil contamination and stringent regulations favouring oil-free compressed air are expected to open new growth opportunities for players in the market.

Global expansion: Leading players are focusing on expanding their geographical footprint by entering untapped markets in Asia Pacific and Middle East & Africa. Introduction of customized and energy efficient air compressors tailored for specific end-use industries will help gain wider acceptance.

Market Drivers:

Rising Demand From End Use Industries: Industries such as food & beverages, pharmaceuticals, and electronics that require oil-free and moisture-free compressed air are the major demand drivers. Rapid industrialization across developing regions will further propel the demand.

Stringent Regulations: Regulations prohibiting the use of oil-lubricated compressors in applications such as food packaging are compelling end-users to adopt oil-free compressors. This is expected to significantly boost the market growth over the forecast period.

Pest Analysis:

Political: The government regulations regarding pollution and emissions plays a major role in this market. Various governments are introducing stringent regulations for adoption of oil-free compressors to limit air and environmental pollution.

Economic: Changes in the global economy impacts demands across end-use industries like manufacturing, healthcare, electronics. A steady economy favours increased investments in new equipment for process industries.

Social: Growing focus on environmental sustainability and reducing carbon footprint drives the demand for eco-friendly oil-free compressors. Customers prefer equipment with lower lifecycle costs and minimal maintenance needs.

Technological:
Advanced technologies for improving compressor efficiency help reduce energy consumption. Development of new drive systems, modern materials, and digital solutions further optimize performance and lower costs of ownership.

In terms of value, the oil free air compressor market is concentrated in developed regions like North America and Europe. Countries like the US, Germany, UK hold major shares due to strong manufacturing sectors and stringent norms.

Asia Pacific registers the fastest growth aided by rapid industrialization, rising infrastructure spending, and a large consumer base in China and India. Expanding middle-class and growing electronics sector fuels new installations across the region.

What are the key data covered in this Global Oil Free Air Compressor Market report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Global Oil Free Air Compressor Market Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Global Oil Free Air Compressor Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Global Oil Free Air Compressor Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Global Oil Free Air Compressor Market vendor

FAQ’s

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*Note:
1.       Source: CoherentMI, Public sources, Desk research
2.       We have leveraged AI tools to mine information and compile it