Oil-free Air Compressor Market: Regional Growth Factors, Segmentation and Trend Analysis by 2024

Global Market Insights has recently added a report on Oil-free Air Compressor Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

Rising governmental regulations in several countries with regards to safeguarding the environment to mitigate the emission of harmful gasses and greenhouse effects that leads to ozone layer depletion, will propel the oil-free air compressor market demand. Growing product demand in various areas such healthcare and food & beverage industry where air quality needed for application is critical is expected to drive the market growth over the forecast period.

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Oil-free Air Compressor Market will surpass USD 14 billion by 2024; according to a new research report.

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 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.

Based on revenue, stationary segment held approximately USD 12 billion in 2024 of the overall oil-free air compressor market share owing to its increasing applicability in the home appliances and manufacturing sector. The portable oil-free air compressors segment accounted for a revenue share of over USD 2.5 billion in 2024, (hand-held or wheel mounted). The effortless handling and low maintenance offered by portable oil free air compressors will spur the product demand in near future.

Based on technology, The U.S. rotary segment will witness growth at a moderate speed and accounted for over 65% share in the overall industry 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.

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On the basis of volume, 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.

Based on volume, Asia-pacific 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 market accounted for over USD 215 million in 2024 and will exhibit growth with a CAGR of close to 4 %.

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.

Partial Chapter of the Table of Content

Chapter 2.   Executive Summary

2.1.  Oil-free air compressor industry 360° synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Technology trends

2.1.4. Application trends

2.1.5. Regional trends

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Chapter 3.   Oil-Free Air Compressor Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2013 – 2024

3.3.  Industry ecosystem analysis

3.3.1. Profit margin

3.3.2. Value addition

3.3.3. Distributor channel analysis

3.3.4. Vendor matrix

3.3.4.1.   List of key raw material suppliers

3.3.4.2.   List of key manufacturers/distributors

3.3.4.3.   List of key/potential customers

3.3.4.4.   List of key service providers

3.4.  Raw material trends

3.5.  Innovation & sustainability

3.5.1. Patent analysis

3.5.2. Technology landscape

3.5.3. Production process

3.5.4. Future trends

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.   Growing energy-efficient air compressor demand

3.6.1.2.   Increasing high purity air demand for critical applications

3.6.1.3.   Environmental regulations compliance

3.6.1.4.   Shifting focus towards robotics and automation

3.6.2. Industry pitfalls & challenges

3.6.2.1.   High initial cost of oil-free air compressors

3.6.2.2.   Risk of wear & tear and sound pollution

3.7.  Regulatory landscape

3.7.1. U.S.

3.7.2. Europe

3.7.3. China

3.8.  Growth potential analysis

3.9.  Competitive landscape, 2017

3.9.1.  Company market share, 2017

3.9.2.  Brand analysis

3.9.3.  Key stakeholders

3.9.4.  Strategy dashboard

3.10.   Porter’s analysis

3.10.1.    Supplier power

3.10.2.    Buyer power

3.10.3.    Threat of new entrants

3.10.4.    Threat of substitutes

3.10.5.    Industry rivalry

3.11.   Regional price trends

3.11.1.    Cost structure analysis

3.11.1.1.     R & D cost

3.11.1.2.     Manufacturing & equipment cost

3.11.1.3.     Raw material cost

3.11.1.4.     Distribution cost

3.11.1.5.     Operating cost

3.11.1.6.     Miscellaneous cost

3.11.2.    Price by product

3.11.3.    Price by technology

3.11.4.    Price by application

3.12.   PESTEL analysis

Related News: https://www.marketwatch.com/press-release/compressor-rental-market-segments-applications-regional-analysis-and-forecast-during-2019-2024-2019-04-04