Oil-free Air Compressor Market size to reach $20 BN by 2027
Published Date: July 27, 2021 Authors: Kiran Pulidindi, Soumalya Chakraborty
Oil-free Air Compressor Market size is forecast to exceed USD 20 billion by 2027, according to a new research report by Global Market Insights Inc.
Industries including pharmaceuticals, food & beverages, manufacturing, and electronics often require high purity oil-free air in order to prevent product contamination. The use of oil-free air compressors results in low energy consumption, which leads to enhanced control over greenhouse gas emissions in the atmosphere. Since power consumption directly impacts CO2 emissions and global warming, the oil-free air compressors market demand is estimated to be high due to the low emission capability.
Robotics and automation sectors extensively using air compressors propelling the product demand. The increasing adoption of automation across industries, such as manufacturing and oil & gas is significantly contributing to the trend. Proliferating manufacturing operations, especially in developing regions will stimulate the market revenue.
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Shorter product life and potential risk of damage to the machine is a challenging issue for the manufacturers. These air compressors do not utilize oil which may lead to certain levels of friction and result in noise generation, part replacement, and machine repair, which is likely to impede market growth.
Browse key industry insights spread across 250 pages with 550 market data tables & 34 figures & charts from the report, “Oil-free Air Compressor Market Size By Product (Stationary, Portable), By Technology (Centrifugal, Rotary, Reciprocating), By Application (Food & Beverage, Home Appliances, Semiconductor & Electronics, Healthcare, Manufacturing), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 – 2027” in detail along with the table of contents:
The centrifugal oil-free air compressor demand is anticipated to acquire more than 25% revenue share by 2027 owing to several benefits of centrifugal compressors over others. These oil-free air compressors are more energy-efficient and require low maintenance on account of the presence of a small number of wearing parts.
The home appliances application is projected to witness around 3% CAGR in oil-free air compressor market through 2027. Rapid urbanization, prospering economy, and the growing spending power of consumers in emerging regions are major growth enabling factors for the household appliances sector.
Asia Pacific oil-free air compressors industry is set to generate USD 10 billion revenue by 2027. Burgeoning production activities in countries like China, Japan, South Korea, and India will further contribute to the growing regional market demand. Moreover, the proliferating mining industry along with rapidly growing healthcare and electronics & semiconductor sector will strengthen the market statistics.
Some of the major market players include AireTex Compressors, Atlas Copco, Bauer Group, Boge Compressors, ELGI Equipments Ltd, Frank Technologies, MEDO U.S.A, Cook Compression, Hitachi Industrial Equipment Systems Co., Ltd., GE Energy, Gardner Denver, Kobelco, Kaeser Compressors, Ingersoll Rand, Sullair Corp, Rolair Systems, Oasis Manufacturing, Zen Air Tech Private Limited, Thomas Gardner Denver Inc., and Tamturbo Oy.
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