The global oil-free air compressor market was worth USD 11.24 billion in 2018 and is expected to grow at a CAGR of 4.8 percent between 2019 and 2025. Over the forecast period, the market is expected to be driven by rising demand for oil-free air compressors in applications where air quality is critical. These compressors provide increased operational efficiency and dependability. This is driving their adoption in end-use industries to ensure compliance with a number of industry standards governing the level of oil concentration in compressed air.
Some of the key end-use sectors for oil free air compressors include food and beverage, manufacturing, home appliances, oil and gas, and energy. Rising environmental awareness has resulted in a flurry of regulations to ensure better environmental performance.
Furthermore, the growing emphasis on energy efficiency, energy recovery, and CO2 emissions reduction is expected to boost product demand in the coming years. Furthermore, rising demand for value-added services and the need to monitor compressed air installations are expected to drive global market growth in the coming years. Raw material costs are steadily rising, which may have a negative impact on the market over the forecast period.
The market has been divided into two categories: stationary and portable. The portable segment held the largest market share in 2018 and is expected to grow at a significant CAGR during the forecast period. High-speed, high-quality digital systems, as well as low operating noise and maintenance costs, are expected to contribute to segment growth.
Growing consumer awareness and pro-energy-saving government policies are also expected to drive the segment. The stationary segment is also expected to grow at a rapid pace between 2019 and 2025. These products have a larger tank size, which results in a higher air-compression capacity, and they are widely used in the oil and gas and construction industries.
Key players in the global Oil-Free Air Compressor market
ELGI Equipments Ltd
Hitachi Industrial Equipment Systems Co., Ltd
Ingersoll Rand PLC
on the basis of types, the Oil-Free Air Compressor market
on the basis of applications, the Oil-Free Air Compressor market
Semiconductor & Electronics
Food & Beverage
Oil & Gas
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions are covered in
Middle East and Africa
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