Increasing Demand for Energy Efficient Air Compressors Coupled with Rising High Purity Air Demand for Critical Applications Is Anticipated to Propel the Growth of The Global Oil-Free Air Compressor Market at A CAGR of 5.1% During the Forecast Period, 2019-2026

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Global Oil-Free Air Compressor Market is estimated to reach $12.35 billion in 2019 with a CAGR of 5.1% from 2019 to 2026.

Growing demand for energy-efficient air compressors and rising high air purity demand for various critical applications are key factors catalyzing the growth of the market. In addition, rising awareness about the environment has led to a surge of regulations to assure improved air quality. Moreover, the growing importance on energy recovery, energy efficiency, and CO2 emission reduction is expected to propel the demand for oil-free air compressors in near future.

Increasing Demand for Energy Efficient Air Compressors Coupled with Rising High Purity Air Demand for Critical Applications Is Anticipated to Propel the Growth of The Global Oil-Free Air Compressor Market at A CAGR of 5.1% During the Forecast Period, 2019-2026

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OVERVIEW

Global oil-free air compressor market is estimated to reach $12.35 billion in 2019 with a CAGR of 5.1% from 2019 to 2026.  Oil free compressors are used in applications such as medical sector, food & beverage, automotive paint spraying, chemical processing, and electronic manufacturing among others. In oil-free air compressors, in place of oil lubrication materials like water and Teflon coating are used.

Growing demand for energy-efficient air compressors and rising high air purity demand for various critical applications are key factors catalyzing the growth of the market. In addition, rising awareness about the environment has led to a surge of regulations to assure improved air quality. Moreover, the growing importance on energy recovery, energy efficiency, and CO2 emission reduction is expected to propel the demand for oil-free air compressors in near future. Furthermore, the increasing adoption of compressors with a power rating of 2 to 55 kW power ratings in several end-use industries is supporting the market growth. However, a high set-up cost for oil-free compressors may hinder the market growth. The cost of these compressors is high owing to its upgraded technology, compact design, and its improved features of mechanism. In addition, the cost of raw materials such as steel which is required for compressor manufacturing is increasing gradually, this factor is expected to negatively impact the growth of the market.

The global oil-free air compressor market has been classified into product, technology, and application. The product segment has been divided into stationary and portable. Based on the technology, the market is segmented into reciprocating, centrifugal, and rotary/screw. Further, the application segment is divided into semiconductors & Electronics, Food & Beverage, Manufacturing, Healthcare, energy, oil & gas, and others.

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On the basis of regional analysis, the global oil-free air compressor market has been divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America has been bifurcated into the U.S. and Canada. Europe has been segmented into the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific region has been further classified into India, South Korea, China, Japan, and Rest of Asia-Pacific. Moreover, the South American region has been segmented into Argentina, Brazil, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and the Rest of the Middle East. Asia-Pacific region is anticipated to dominate the global oil-free compressor market owing to the growing expenditure on manufacturing facilities and infrastructural development. Further, South America and the Middle East & Africa are also anticipated to witness significant growth during the assessment period.  The factors such as fluctuating regulatory scenario, growing need to surge the power generation capacities, and rising awareness about the uptake of sustainable products are fuelling the adoption of these compressors in South America and the Middle East & Africa. Moreover, in North America, the U.S. is the leading country owing to the presence of well-established automotive sector. According to the data published by the International Trade Administration (ITA), in the U.S., the total foreign direct investment (FDI) in the automotive sector was about $ 114.6 billion in the year 2018. Thus, the growing investment in the U.S. automotive industry support the market growth.

Prominent companies operating in the oil-free air compressors industry are FS-Elliot Co., LLC, Kobelco, GE Energy, Sundyne, Kaeser Kompressoren SE, Atlas Copco, ElGi, Airpol, Sulliar LLC, Ingersoll-Rand PLC, Gardner Denver, Inc., and Zen Air Tech Pvt. Ltd. Strategies such as  merger & acquisition, partnerships, and product launches are adopted by prominent companies to strengthen their presence in the market. For instance, in February 2018, Sulliar LLC launched OFD1550 Oil Free Portable Air Compressor. With this launch, the company enhanced its compressor product offerings. Similarly, In June 2018, Atlas Copco expanded its range of oil-free air and compressor by launching products for low, medium, and high pressure markets. Likewise, in May 2017, Atlas Copco acquired Pressure Compresssores Ltda., a piston compressors manufacturer based in Brazil. After the acquisition, Pressure Compresssores Ltda became a part of Compressor Technique business area of Atlas Copco. In addition, key players are also focusing on product differentiation and development to obtain competitive edge.

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