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Oil-free Air Compressor Market Size By Product (Portable, Stationary), By Power (Below 15 KW, 15 KW – Below 55 KW, 55KW – 160 KW, Above 160 KW), By Technology (Rotary [Screw {Without Water Injection, With Water Injection}, Scroll], Reciprocating, Centrifugal), By Application (Home Appliances, Food & Beverage, Semiconductors & Electronics, Manufacturing, Healthcare [Medical, Dental]), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 – 2032

  • Report ID: GMI460
  • Published Date: Nov 2022
  • Report Format: PDF

Industry Statistics

Oil-free Air Compressor Market size surpassed USD 16.5 billion in 2022 and is poised to register 5% CAGR during 2023 to 2032. The increasing demand for energy-efficient industrial devices, is anticipated to garner the industry demand.
 

Oil-free Air Compressor Market

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The heavy-duty and side-by-side compressors used for industrial and manufacturing applications are also comparatively more expensive than those compressors designed for residential purposes. These factors may create a hindrance to oil-free air compressor industry development to a certain extent. However, the mounting HVAC adoption will boost the consumption of air compressors for use in home appliances, bolstering the industry outlook.
 

Rising demand for stationary oil-free air compressor  in industrial manufacturing

The stationary product segment is anticipated to reach more than USD 26 billion by 2032, owing to its strong usage scope in the automobile and home appliances industries. The proliferation of industrial manufacturing is also emerging as a key growth driver, especially in emerging economies. As per the National Bureau of Standards, in September 2022, the Manufacturing Purchasing Managers Index in China reported an increase from 49.4 to 50.1. Factors such as these are likely to enhance the management of stationary oil-free air compressors in manufacturing operations where mobility is not required, such as refrigerators, air conditioners and automobiles, among others.
 

15-kW - below 55kW oil-free air compressors to gain traction in key industrial sectors

Oil-free Air Compressor Market, By Power

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The oil-free air compressor market share from the 15-kW – below 55kW power type is expected to attain nearly 5% gains through 2032. Compressors within this power range are ideal for the chemicals, electronics, pharmaceuticals, and food & beverages industries. Over the years, companies have also been making increasing investments to cater to the burgeoning demand for electronics.
 

For example, in July 2022, FUJIFILM Electronic Materials, U.S.A., Inc. invested USD 350 million in its electronic material business in the U.S. during the fiscal years 2021-2023. Such initiatives will stimulate the use of these compressors for air purification and the elimination of trace contaminants in the electronics manufacturing process.
 

Application of reciprocating oil-free air compressors in automobile and oil & gas industry

The reciprocating technology sector will reach over USD 7 billion by 2032, due to the rise in global automobile production. Based on data from the European Automobile Manufacturers’ Association, in 2021, close to 79.1 million motor vehicles were produced worldwide, indicating a hike of 1.3% from the previous year. Since small reciprocating compressors are commonly utilized in automotive functions, rising vehicle production will fuel the oil-free air compressor market advancement. In addition, the strong product use scope across the oil and gas market will increase the utilization of larger reciprocating oil-free air compressors.
 

Increasing adoption of oil-free compressor in processing facilities

Oil-free Air Compressor Market, By Application

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The oil-free air compressor market revenue share from the food & beverage sector is set to witness around 7.5% growth from 2023 to 2032. This is a result of the growing number of refrigerated warehouses built for storing agricultural products. Furthermore, in rural areas, the sales of packaged foods have been growing steadily in recent years, mainly due to increased product affordability. These factors will significantly accelerate the deployment of air compressors in food packaging and processing operations, augmenting the business dynamics by end of 2032.
 

Europe to become a lucrative revenue hub for oil-free air compressor manufacturers

The Europe oil-free air compressor industry is slated to be worth USD 4 billion by 2032, considering the high product demand in the burgeoning industrial manufacturing sector. In order to address the prevalent energy crisis, energy companies in prominent European nations such as Germany are considering the possibility of bringing retired coal-fired thermal power plants back online. These factors will spur the need for compressed air for coal handling and other projects and subsequently drive regional growth.
 

Mergers and acquisitions to remain a key strategy for industry growth

Some of the key players involved in the oil-free air compressor market scenario are Zen Air Tech Pvt. Ltd., Air Squared, Frank Technologies Pvt. Ltd., Quincy Compressor LLC, Hitachi Industrial Equipment Systems Co., Ltd., Hubei Teweite Power Technology Co., Ltd., Sullivan-Palatek, Inc., Doosan Group, Rolair Systems (Associate Engineering Corporation), Ingersoll-Rand Plc, Sullair, LLC, and Atlas Copco AB. These companies are focusing on acquisitions and other strategies to expand their industry presence.
 

Impact of COVID-19 pandemic on oil-free air compressor market trends

The COVID-19 outbreak has asserted a profound impact on various industrial sectors, mainly due to supply chain issues. Movement restrictions imposed as part of pandemic-control measures during the initial stages of the crisis have led to a considerable shift in consumer buying patterns, including a spike in the intake of processed meat and packed food items. These COVID-19-induced trends will proliferate the requirement for compressed air in the food processing and packaging sectors and subsequently influencing the oil free air compressor production.
 

This market research report on oil-free air compressor includes in-depth coverage of the industry with estimates & forecast in terms of volume in Thousand Units and revenue in USD million from 2018 to 2032 for the following segments:

Market, By Product

  • Portable
  • Stationary

Market, By Power

  • Below 15 KW
  • 15 KW – Below 55 KW
  • 55KW – 160 KW
  • Above 160 KW

Market, By Technology

  • Rotary
    • Screw
      • Without water injection
      • With water injection
    • Scroll
    • Others
  • Reciprocating
  • Centrifugal

Market, By Application

  • Home Appliances
  • Food & Beverage
  • Semiconductors & Electronics
  • Manufacturing
  • Healthcare
    • Medical
    • Dental
    • Others
  • Others

Market, By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
       
Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The market size of oil-free air compressor exceeded USD 16.5 billion in 2022 and is poised to register 5% CAGR between 2023 and 2032, due to the strong demand for energy-efficient industrial devices.

The oil-free air compressor industry revenues from the stationary segment is anticipated to reach nearly USD 26 billion by 2032, credited to the strong product application scope in the automobile and home appliances industries.

The Europe oil-free air compressor industry is slated to cross more than USD 4 billion by 2032, considering the strong product demand in the burgeoning industrial manufacturing sector.

Some of the key players in the oil-free air compressor business landscape are Zen Air Tech Pvt. Ltd., Air Squared, Frank Technologies Pvt. Ltd., Quincy Compressor LLC, Hitachi Industrial Equipment Systems Co., Ltd., Doosan Group, Sullair, LLC, and Atlas Copco AB among others.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 655
  • Countries covered: 21
  • Pages: 307

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