The global oil free air compressor market is anticipated to reach USD 17.2 billion by 2030 and is anticipated to expand at a CAGR of 5.0% during the forecast period of 2024 to 2030. The increasing need for energy-efficient compressors, coupled with demand for low-cost portable compressors, is expected to drive the market growth over the forecast period.
Oil-free air compressors find widespread use in various industries such as power generation, petroleum, chemicals, and manufacturing. These compressors are employed in numerous applications as industries increasingly embrace cost-effective manufacturing methods to address the limitations of traditional production approaches. The heightened demand for energy-efficient compressors stems from their ability to enhance energy distribution and cost-effectiveness. Additionally, stringent environmental regulations imposed by governments worldwide contribute to the rising demand for oil-free air compressors across diverse industries.
The global automotive industry holds a significant share of oil free air compressor market. According to the International Organization of Motor Vehicle Manufacturers, global automotive production reached 85.0 million units in 2022, witnessing an increase of 3.0% compared with the vehicle production recorded worldwide in 2021. As oil free air compressors are used in various stages of vehicle production, right from the usage of compressed air by spray painting guns to its utilization for pushing paints through robots or paint guns onto the body of automobiles, the surge in vehicle production is anticipated to fuel the growth of the global market.
Moreover, increased investments in the construction of new vehicle production facilities to cater to the surging global demand for vehicles are anticipated to further contribute to the demand for oil free air compressors, thereby leading to the growth of the market. Oil-free air compressors play a crucial role in vehicles by providing a clean and reliable source of compressed air for various applications. Unlike traditional oil-lubricated compressors, oil-free variants eliminate the risk of oil contamination in the air supply, ensuring the integrity of critical components such as braking systems. These compressors contribute to enhanced efficiency, reduced maintenance costs, and increased environmental sustainability in vehicles. With their ability to deliver contaminant-free compressed air, oil-free air compressors support the overall performance and longevity of vehicles, aligning with the industry's commitment to cleaner and more sustainable transportation solutions.
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Oil-free air compressors find widespread use in various industries such as power generation, petroleum, chemicals, and manufacturing. These compressors are employed in numerous applications as industries increasingly embrace cost-effective manufacturing methods to address the limitations of traditional production approaches. The heightened demand for energy-efficient compressors stems from their ability to enhance energy distribution and cost-effectiveness. Additionally, stringent environmental regulations imposed by governments worldwide contribute to the rising demand for oil-free air compressors across diverse industries.
The global automotive industry holds a significant share of oil free air compressor market. According to the International Organization of Motor Vehicle Manufacturers, global automotive production reached 85.0 million units in 2022, witnessing an increase of 3.0% compared with the vehicle production recorded worldwide in 2021. As oil free air compressors are used in various stages of vehicle production, right from the usage of compressed air by spray painting guns to its utilization for pushing paints through robots or paint guns onto the body of automobiles, the surge in vehicle production is anticipated to fuel the growth of the global market.
Moreover, increased investments in the construction of new vehicle production facilities to cater to the surging global demand for vehicles are anticipated to further contribute to the demand for oil free air compressors, thereby leading to the growth of the market. Oil-free air compressors play a crucial role in vehicles by providing a clean and reliable source of compressed air for various applications. Unlike traditional oil-lubricated compressors, oil-free variants eliminate the risk of oil contamination in the air supply, ensuring the integrity of critical components such as braking systems. These compressors contribute to enhanced efficiency, reduced maintenance costs, and increased environmental sustainability in vehicles. With their ability to deliver contaminant-free compressed air, oil-free air compressors support the overall performance and longevity of vehicles, aligning with the industry's commitment to cleaner and more sustainable transportation solutions.
Oil Free Air Compressor Market Report Highlights
- Portable product segment dominated the product segment with a 42.4% share in 2023. Portable oil-free compressors are much lighter and smaller than oil-lubricated compressors, making them a popular choice for workplace and home applications where portability is important.
- Stationary air compressors are intended to remain in one location and connected to a building's electrical circuit. These compressors are ideal for use in manufacturing plants, industrial plants, and auto repair shops.
- Reciprocating oil free air compressors are able to provide clean, dry compressed air that is free from oil contamination, making them ideal for these applications. Additionally, another factor influencing reciprocating oil free compressors segment growth is the increasing focus on energy efficiency and sustainability.
- The features of rotary oil free screw air compressors such as low noise output, high energy-efficiency, good performance, easy maintenance, and uninterrupted operation are anticipated to attract more and more customers over the forecast period resulting in an increasing demand for rotary air compressors.
- Oil free air compressors have gained popularity in the food & beverage industry owing to their ability to provide clean, contaminant-free compressed air. Since oil can contaminate products and compromise their quality, the food & beverage industry requires compressed air that is free of oil and other contaminants, resulting in a growing demand for oil free air compressors in this industry.
- The market for oil free air compressors under 15kW is a highly competitive and dynamic space, with numerous manufacturers offering a diverse range of products. These compressors are typically used in industries where oil contamination is a major concern, such as food & beverage, pharmaceuticals, and electronics manufacturing.
- The oil-free air compressor market in Europe is experiencing significant growth driven by the region's increasing emphasis on environmental sustainability and stringent regulations promoting cleaner technologies. With a rising demand for oil-free compressed air in various industries such as manufacturing, healthcare, and automotive, the market is witnessing a surge in adoption due to the elimination of oil contamination risks and enhanced operational efficiency. The emphasis on reducing carbon footprints and meeting stringent air quality standards is compelling industries to invest in oil-free air compressors, fostering technological advancements and innovation in the market.
- In April 2023, Atlas Copco AB completed the acquisition of Shandong Bozhong Vacuum Technology Co., Ltd, an innovator and manufacturer of vacuum systems and pumps. The acquired business will become a part of the industrial vacuum division in the vacuum technique business segment of Atlas Copco AB.
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Table of Contents
Chapter 1. Oil Free Air Compressor Market: Methodology and Scope
Chapter 2. Oil Free Air Compressor Market: Executive Summary
Chapter 3. Oil Free Air Compressor Market: Variables, Trends, & Scope
Chapter 4. Oil Free Air Compressor Market: Product Estimates & Trend Analysis
Chapter 5. Oil Free Air Compressor Market: Technology Estimates & Trend Analysis
Chapter 6. Oil Free Air Compressor Market: Power Rating Estimates & Trend Analysis
Chapter 7. Oil Free Air Compressor Market: Application Estimates & Trend Analysis
Chapter 8. Oil Free Air Compressor Market: Region Estimates & Trend Analysis
Chapter 9. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Atlas Copco AB
- FS Elliot Co., LLC
- Hanwha Power Systems CO., LTD.
- Ingersoll Rand
- Sullair, LLC.
- Kaeser Kompressoren SE
- Doosan Portable Power
- Sullivan-Palatek Inc.
- ELGi
- Zen Air Tech Private Limited
- Frank Technologies Pvt Ltd.
- Hitachi Industrial Equipment Systems Co., Ltd.
- CIASONS Industrial Inc
- Aerzen
- ANEST IWATA Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | February 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 12.3 Billion |
| Forecasted Market Value ( USD | $ 17.2 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
