According to a report,“Oil Free Air Compressor Market Size, Share & Trends Analysis Report By Product (Stationary, Portable), By Technology, By Power, By Application (Home Appliances, Manufacturing, Energy), And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The global oil free air compressors market size is expected to reach USD 15.56 billion by 2025, registering a CAGR of 4.8% over the forecast period.The products find application in several industries, such as petroleum, electrical power, chemical, and manufacturing. A gradual shift from the traditional manufacturing techniques to economical methods is a major trend in these industries, which helps boost demand for such compressors for optimal energy distribution purposes.
Key Takeaways from the report:
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The portable compressors captured the major market share in 2018 and will maintain the dominance in future on account of their high durability and light weight
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Centrifugal products are expected to witness a rapid growth over the forecast period due to their ability to reduce carbon footprint by ensuring clean and uninterrupted air supply
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Increasing adoption of compressors with a 2 to 55 kW power rating in the end-use industries is a key factor that positively affecting the growth of the segment over the forecast period
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Manufacturing segment held more than 30% of the global share in 2018. However, the home appliances segment is anticipated to register the highest CAGR owing to higher product demand
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Asia Pacific is expected to emerge as the largest and fastest-growing segment over the forecast period due to rising need to increase the power generation capacities
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Key companies in the global oil free air compressors market include Gardner Denver, Atlas Copco, Ingersoll-Rand PLC, General Electric, and Bauer Group. Most of them are focusing on developing low-maintenance and eco-friendly products to maintain their industry position
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Europe Industrial Air Filtration Market: Increasing need for effective and energy efficient filtration systems is expected to positively impact market growth over the forecast period. Low-efficiency filters may result in critical damage to the industrial components owing to which industrial air filters are of paramount importance in several industrial applications. Stringent regulations and several government initiatives to limit emissions are expected to be the key forces driving the industrial air filtration market growth over the next few years.
Air Compressor Market: Increasing industrialization and growing awareness on energy saving has led to advancements in compressor technology. Advent of energy efficient air compressors, facilitating the gas transfer process for various non-industrial and industrial activities is projected to drive growth over the forecast period. This advancement in technology would limit the noise generation and air contamination, thereby leading to higher adoption in construction activities in developing markets over the forecast period.
For instance, the government of China has announced strict regulations for environment fortification, which have ultimately increased the demand for energy-efficient products in the country. Oil-free products provide reliability and ease of operation owing to enhanced product performance. Therefore, they are widely used in the construction and mining activities. High transport mobility offered by these products is also projected to spur their demand across several end-use industries, such as oil & gas. Furthermore, involvement of less degradable parts coupled with low maintenance costs will fuel the global demand over the forecast period.
Grand View Research has segmented the global oil free air compressors market on the basis of product, technology, power rating, application, and region:
Oil Free Air Compressors Product Outlook (Revenue, USD Million, 2014 – 2025)
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Stationary
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Portable
Oil Free Air Compressors Technology Outlook (Revenue, USD Million, 2014 – 2025)
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Reciprocating
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Rotary/Screw
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Centrifugal
Oil Free Air Compressors Power Rating Outlook (Revenue, USD Million, 2014 – 2025)
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2kW to 55kW
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More than 55kW
Oil Free Air Compressors Application Outlook (Revenue, USD Million, 2014 – 2025)
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Manufacturing
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Semiconductor & Electronics
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Food & Beverage
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Healthcare
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Home Appliances
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Energy
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Oil & Gas
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Others
Oil Free Air Compressors Regional Outlook (Revenue, USD Million, 2014 – 2025)
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North America
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U.S.
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Canada
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Europe
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U.K.
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Germany
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France
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Italy
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Spain
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Russia
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Asia Pacific
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China
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India
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Japan
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South Korea
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Singapore
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Australia
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Latin America
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Brazil
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Mexico
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Argentina
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Middle East & Africa
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South Africa
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UAE
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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