Air compressors are devices that convert electrical energy into potential energy and store it in air form. High speed, low noise, easy to use controls, low maintenance costs, and high performance are some of their impressive features. They require cooling and lubrication for continuous air supply. This leaves behind high oil content in the compressor that needs removal. Oil-free compressors use water as an alternative to lubricate and cool the system without filtration.
The portable oil-free air compressor market is predicted to have a size of about USD 8.5 billion by 2022. Next-generation air compressors that are energy-efficient and reliable will drive the market. Focus on complying with environmental regulations to ensure oil-free air would also spur market revenues from 2015 to 2022 (forecast period). Rising costs of raw materials will be a challenge for the market.
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On the basis of technologies, the portable oil-free air compressor market is categorized into reciprocating, rotary, and centrifugal. Reciprocating compressors are divided into single stage, two stage, rocking piston, and diaphragms. Rotary accounted for over 45% of the global incomes in 2014. They are widely acknowledged owing to their compact size and easy maintenance. Their sizes range from 30 hp to 200 hp (horsepower).
The portable oil-free air compressor market finds applications in hospitals and industries of oil & gas, home appliances, semiconductors, pharmaceuticals, manufacturing, and food & beverages. Manufacturing would exhibit a CAGR above 3% during the forecast period. The said air compressors are critical for this application as they eliminate contamination in painting and surface preparation. They also ensure smooth production operations by preventing water-based paints from oil exposure.
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Europe dominated the market in 2014. It is estimated to exhibit a growth rate above 7% in the seven years ahead. Investments in Eastern Europe and volatile energy prices in the region will provide market impetus. Reputed companies of the global portable oil-free air compressor market comprise Ingersoll Rand, Chicago Pneumatic, Atlas Copco, Bauer Group, and General Electric. Companies introducing smart air compressors should lead the market.
Huge manufacturing firms utilize portable oil-free air compressors to provide huge quantities of moderate-pressure air to pneumatic devices.
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