An analysis of Oil-Free Air Compressor Market has been provided in the latest report launched by Global Market Insights that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.
Oil-free air technology helps to avoid expensive filter replacements thereby, cutting the cost of oil condensate treatment and reduction in energy lost from pressure drop in filters. In addition, low installation & maintenance cost, portability, energy efficiency and ability to supply variation in pressure will augment the oil-free air compressor market growth. Rising manufacturing activities in industrial and non-industrial processes particularly in developing countries will strengthen the global oil free air compressor demand in the coming years.
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Asia-pacific Oil-free Air Compressor Market led by China will exhibit growth with a CAGR of over 4% owing to significant demand from the oil & gas industries along with adoption of variable speed air compressor. North America rotary scroll oil-free air compressor industry accounted for over USD 215 million in 2024 and will exhibit growth with a CAGR of close to 4 %.
The home appliances segment will capture significant share of over 70% in 2024 of the global oil-free air compressor market owing to its wide application in air conditioners and refrigerators for commercial as well as residential purpose. The food & beverages segment revenue will capture a comparatively lesser market share by the end of 2024 due to several regulations pertaining to safety and hygiene governing the sector.
Oil-free Air Compressor Market, by Technology:
Oil-free Air Compressor Market, by Application:
- Home appliances
- Food & beverage
- Semiconductor & electronics
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The U.S. rotary segment will witness growth at a moderate speed and accounted for over 65% share in the overall Oil-Free Air Compressor Market in 2024 and will grow with a highest CAGR owing to their increased adoption in heavy industrial applications. However, the centrifugal compressor segment held a share of over USD 7 billion in 2024 and will grow with a CAGR of close to 4% in the forecast spell.
The oil-free air compressor market competitive landscape includes key players such as General Electric, Hitachi Industrial Equipment Systems, Ingersoll Rand, Oasis Manufacturing, ELGI Equipments Limited, Cook Compression, Atlas Copco, Gardner Denver, Bauer Group, Boge Compressors, Mitsubishi Heavy Industries, Ltd to name a few. In order to attain a dominant position in the global market, these players are focusing on research and development activities to introduce technological advancement and innovation.
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