Global Oil Free Air Compressor Market Overview
The global market for oil-free air compressors was estimated at USD 9.96 billion in 2015. The growing demand in areas of application where air quality is critical is expected to be the driving force of growth in the market during the forecast period. These compressors offer improved operational efficiency and extremely reliable operation, making them an ideal choice for many industries.
The growing awareness of the environment by governments in different regions has led to a series of regulations aimed at improving air quality. This, coupled with low maintenance costs, has boosted sales of oil-free air compressors. Several end-use industries, including manufacturing in general, food and beverages, oil and gas, and energy, are working to assemble their machines with these compressors. This is done primarily to ensure compliance with several industry standards that specify the level of oil concentration in the compressed air.
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Global Oil Free Air Compressor Market-Drivers and Restraints:
The global market for oil-free compressors is based on greater reliability and lower installation and maintenance costs. It is also expected that government regulations on energy efficiency and environmental protection will increase market penetration of oil-free compressors during the forecast period. The demand for better air quality, particularly in the health, textiles and food and beverage sectors, is expected to drive growth in the global market for oil-free compressors.
Global Oil Free Air Compressor Market Segmentation:
Product description
The oil-free portable compressor segment accounted for a significant portion of revenues in 2015. Imperative features such as high-speed, high-quality digital systems, noise levels and reduced maintenance contributed to the growth of the sector in recent years. Total sales are positive during the forecast period.
The ease of handling offered by portable air compressors without oil should increase their demand in low load applications. In addition, they require less maintenance because of fewer components and wear parts.
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Technological perspectives
Rotary compressors generated a considerable revenue share in 2015 due to their greater adoption in heavy industrial applications. However, the centrifugal compressor segment is expected to gain traction during the forecast period, mainly due to the increasing use of non-industrial applications.
Centrifugal compressors are often used in the automotive, refining and oil and gas industries. The growth of these industries is a critical factor that should boost demand during the forecast period. These types of products are generally preferred in an industrial context and, although the initial cost is high, the compressors offer advantages that allow reducing the recovery period, which is a key factor that buyers take into account.
Application insights
Pneumatic tools have become a staple for many industries ranging from large industrial machines to household appliances. This is recognized by its high dependence on compressed air for several operations. The market is characterized by the availability of oil-free compressors that offer adaptability to a wide range of applications, particularly larger volumes, higher pressures and automated requirements.
Global Oil Free Air Compressor Market-Geographic Segmentation:
Europe had the largest market share in 2015. However, Asia-Pacific is expected to grow in particular during the forecast period due to the adoption of oil-free air compressors in this region. It is expected that several sectors of oil and gas, manufactures, food and beverages and energy in Asia-Pacific will use these products, which will boost income growth. In addition, the need to generate more energy to meet the demands of the growing population, in terms of restoration, has favored its adoption in the region. The untapped potential of subsequent activities in economies such as Kuwait, the UAE and Qatar has opened the prospects for growth for substantial growth over the foreseen period.
Key players in market include Atlas Copco, Bauer Compressor Inc., Werther International Inc., and Gardner Denver.
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