What Is The Current and Historic Market Size Analysis Of The Oil Free Air Compressor Market?
The oil free air compressor market has seen considerable growth due to a variety of factors.
• The market for oil-free air compressors has seen considerable growth recently. It is projected to grow from $14.67 billion in 2024 to $15.47 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%.
The growth during the historic period stems from several factors, such as a greater demand for oil-free compressed air in critical applications, strict rules pertaining to air quality and environmental conservation, the development of industries which require untainted compressed air, concerns over product cleanliness and adherence to industrial norms, advancements in healthcare and pharmaceutical sectors that require clean air, usage in food and beverage production to prevent contaminating the product, and increased awareness of the benefits of oil-free compressors in decreasing maintenance expenses.
What Are The Predictions for The Oil Free Air Compressor Market in the Coming Years?
The oil free air compressor market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the oil free air compressor market is anticipated to experience robust growth, culminating in a market size of $18.91 billion by 2029. This growth, featuring a compound annual growth rate (CAGR) of 5.2%, can be linked to several factors.
These include the transition towards compressed air solutions that are both energy-efficient and sustainable, a flourishing of manufacturing sectors in developing countries, rising preference for oil-free compressors in the motor and electronics manufacturing sectors, amplified, and development-focused investments. Operational cost-efficiency, reduction of carbon footprint and emission levels in industrial activities also contribute directly to this expansion. The forecast period will also see key trends such as acceptance of oil-free compressor technology, an increased industrial demand, integration of high-end filtration systems, adoption of variable speed drive technology, introduction of remote monitoring capabilities, and an augmented focus on adherence to guidelines.
Which Drivers Are Accelerating Growth In The Oil Free Air Compressor Market?
The increasing evolution of the automotive industry is anticipated to promote the expansion of the oil free air compressor market in the future. The automotive sector encompasses a network of operations, entities, and companies dedicated to the creation, development, production, promotion, and retail of motor vehicles. Spurred by a growing demand for electric vehicles (EVs) and the emergence of autonomous driving features, the automotive industry is flourishing. For several automotive applications like painting and surface finishing, brake tests, and tire inflation, oil-free air compressors are vital for maintaining reliability, effectiveness, and safety. For instance, the Society of Motor Manufacturers and Traders (SMMT), a trade association based in the UK, reported in June 2023 that UK passenger car sales recorded a 25.8% increase, rising from 140,958 units in 2022 to 177,266 units in 2023. Consequently, the escalating automotive industry is fueling the advancement of the oil free air compressor market.
What Are The Core Segments Of The Global Oil Free Air Compressor Market?
The oil free air compressor market covered in this report is segmented –
1) By Product: Stationary, Portable
2) By Power Rating: Below 15kW, 15-55kW, 55-160kW, Above 160 kW
3) By Technology: Reciprocating, Rotary or Screw, Centrifugal
4) By Application: Food And Beverage, Pharmaceutical, Semiconductor And Electronics, Chemical, Oil And Gas, Automotive, Other Applications
Subsegments:
1) By Stationary: Reciprocating Stationary Air Compressors, Rotary Stationary Air Compressors, Scroll Stationary Air Compressors
2) By Portable: Reciprocating Portable Air Compressors, Rotary Portable Air Compressors, Belt-Driven Portable Air Compressors
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Which Emerging Market Trends Are Altering The Oil Free Air Compressor Industry?
Major businesses in the oil-free air compressor industry are investing in the creation of sophisticated products, such as industrial oil-free rotary screw air compressors, to boost their earnings in the market. An industrial oil-free rotary screw air compressor is a gadget that compresses air without using oil as a lubricant. It compresses air by utilizing two interlocking rotors that capture and compact air between them. For example, Kaishan USA, an American producer of industrial air compressors, debuted the KROF, a new lineup of industrial, oil-free rotary screw air compressors, in November 2023. The KROF is an oil-free, dual-stage rotary screw air compressor that delivers superior ISO 8573-1 Class 0 oil-free compressed air. Customers receive excellent quality, which is crucial for applications where purity is non-negotiable, thanks to two consecutive compression stages, intercooling, and aftercooling.
Who Are the Key Players In The Oil Free Air Compressor Market?
Major companies operating in the oil free air compressor market are:
• Mitsui Co. Ltd.
• Hitachi Industrial Equipment Systems Co. Ltd.
• Fusheng Precision Co. Ltd.
• Atlas Copco Group
• General Electric Company
• Ingersoll Rand plc
• CIASONS Industrial Inc.
• Doosan Portable Power
• Aerzener Maschinenfabrik
• ELGI Equipments Ltd.
• Sullair LLC
• Cook Compression
• Sundyne Corp.
• Medo U.S.A Beverages Pvt. Ltd.
• Kaeser Kompressoren SE
• BAUER Engineering India Pvt. Ltd.
• FS Elliott Co. LLC
• Sullivan-Palatek Inc.
• Hanwha Techwin Co. Ltd.
• Tamturbo Oyj
• Kobelco Construction Machinery Co. Ltd.
• AireTex Compressors LLC
• Rolair Systems
• Nanjing Compressor Co. Ltd.
• Zen Air Tech Private Limited
• Frank Technologies Pvt. Ltd.
What Are The Regional Insights Into The Oil Free Air Compressor Market?
North America was the largest region in the oil free air compressor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oil free air compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
