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European Oil Free Compressors Market
Frost & Sullivan, June 2009, Pages: 91
This Frost & Sullivan research service titled European Oil-free Compressors Market provides a detailed analysis of the industry challenges, market drivers, and market restraints during the financial crisis, as well as overall revenue forecasts till 2015 for each of the following product markets - reciprocating, rotary screw and centrifugal compressors. In this research, Frost & Sullivan's expert analysts thoroughly examine the following end-user segments: electronics, textile, power-generation, food and beverage, life science and others.
Market Overview
Growing Need for High Air Quality to Boost the European Oil-Free Compressors Market
Lately, there has been a high demand for oil-free compressors because they provide high air quality, reliability and lower installation and maintenance costs. Future government policies on energy conservation and environmental protection are also anticipated to boost growth in this market. However, vendors face challenges such as intense competition, the need for greater focus on research and development (R&D), increased flexibility towards end-user requirements and the provision of enhanced service offerings. 'The most important factor driving the oil-free compressors market is the demand for high air quality,' says the analyst of this research. 'There is burgeoning demand from several critical application segments such as food and beverage and life sciences for 100 per cent clean compressed air, leading to an increasing number of users investing in oil-free air compressors.'
The slightest oil contamination in such purity-critical, compressed-air applications can result in damaged products or product batches, high rejection rates and returns and expensive production downtime and cleanup. Rectifying this is an unaffordable proposition for end users. Oil-free compressors eliminate the presence of oil completely, resulting in high-quality air. No oil inside the compressed air results in no contamination in air-circuit components such as filter cartridges, desiccant material, and rubber elements and no pollution throughout the life of the machine.
Small Oil-free Compressor Providers to Focus on Niche Industrial Markets to Keep Pace with the Competition
However, funds in this market have been delayed because end users in the electronics, automotive and the pulp and paper segments are struggling with their investments in the current global financial crisis. They have responded either by shutting down or postponing production in various plants across all regions. 'The European oil-free compressors market is expected to continue facing competitive pressure throughout the long-term,' notes the analyst. 'With modest growth in overall revenues and general maturity across industries, the key means for growth is to obtain market share from the competition and the suppliers are likely to focus on ensuring they offer high quality, reliable, and advanced technology at competitive prices.'
Oil-free compressor vendors entering this market should be able to compete with multinational vendors who account for approximately 70 per cent of the market, indicating a highly consolidated market structure. End users are aware of multinational oil-free compressor suppliers who offer good service and products that are well established. Regardless of how the market is consolidated, small oil-free compressor providers should focus on serving niche industrial markets such as manufacturing, oil and gas and chemical. They can also make competitive gains by offering products that have a diverse performance range (very high pressure, very high flow rate). 'Such activities will help smaller suppliers find their own customers and become more competitive in the market,' explains the analyst. 'At the same time, multinational suppliers will retain their market position by offering high quality, reliable, and advanced technology at competitive prices.'
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By product segments:
Reciprocating compressors
Rotary screw compressors
Centrifugal compressors
By end-users:
Electronics
Textile
Power-generation
Food and beverage
Life science
Others
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