Demand for Oil-Free Compressed Air in Critical Applications in Food and Beverage and Life Sciences to Drive Growth
The global oil-free compressor market generated revenue of approximately $2,948 million in 2018 and is expected to expand at a compound annual growth rate of 3.3% (2018-2023).
The objective of this study is to identify and evaluate both current and future trends that influence the global oil-free compressor market. With 2018 as the base year, the research provides estimates of the market size and future growth prospects until 2023. For this purpose, a specific methodology which includes a discussion with the senior management of compressor manufacturers was followed and is supported by secondary research.
Forecasts were derived from a balance of industry opinion from suppliers, manufacturers, distributors, major buyers, and industry commentators, and supported by extensive secondary research information. In the discussions with industry sources, the research has aimed to develop a consensus of opinion on a range of issues to support the publisher's forecast model.
Research Highlights
In-depth analysis, with market sizing for the following product segments:
- Oil-free reciprocating compressors, with an oil-free power rating of 1.5HP-800 HP
- Oil-free rotary screw compressors, with an oil-free power rating of 20HP-1,350 HP
- Oil-free centrifugal compressors, with an oil-free power rating of 150HP-6,750 HP
- Regional perspectives of demand patterns in the various advanced markets of North America, Europe, the Middle East and Africa, Asia-Pacific, and Latin America.
- Demand in various end-user markets: food and beverage, life sciences, power generation, electronics, textiles, and other end users, such as chemicals, automotive, oil and gas, pulp and paper, and personal care.
Key Issues Addressed
- Is the global oil-free compressor market growing? How long will it continue to grow, and at what rate?
- What are the key factors that will drive the growth of the market?
- What are the key factors that will drive the growth of the market?
- Which are the major end-user industries for oil-free compressors? How are they expected to grow during the forecast period?
- Which types of oil-free compressors are expected to show steady growth? What is their share compared to the other types of oil-free compressors?
- Which are the major market participants? What percentage do they contribute to the overall market revenue?
Key Conclusion
This study offers a holistic perspective on the various opportunities, challenges, and threats for oil-free compressor manufacturers in the word and emphasizes the key trends, regulations and demand patterns that will propel growth.