Market Insights
The oil-free air compressor market was estimated at USD 17.19 billion in 2022 and is likely to grow at a CAGR of 5.06% during 2023-2028 to reach USD 23.2 billion in 2028.
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What is an oil-free air compressor?
The oil-free air compressor is one which does not require any lubrication in its compression chamber. Instead, it uses substitute materials, such as water or a Teflon coating, that protect the pump, and allow the mechanism to move smoothly without the need for synthetic or any oil-based lubrication.
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Oil-free Air Compressor Market Report Overview
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Market Size in 2028
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USD 23.2 Billion
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Market Size in 2022
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USD 17.19 Billion
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Market Growth (2023-2028)
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CAGR of 5.06%
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Base Year of Study
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2022
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Trend Period
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2017-2021
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Forecast Period
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2023-2028
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Key Players
Some of the key players in the market are –
- AireTex Compressors
- Atlas Copco
- Bauer Group
- Boge Compressors
- ELGI Equipments Ltd
- Frank Technologies
- MEDO U.S.A
- Cook Compression
- Hitachi Industrial Equipment Systems Co., Ltd.
- GE Energy
- Gardner Denver
- Kobelco
- Kaeser Compressors
- Ingersoll Rand
- Sullair Corp
- Rolair Systems
- Oasis Manufacturin
- Zen Air Tech Private Limited
- Thomas Gardner Denver Inc.
- Tamturbo Oy.
Market Dynamics
These factors are expected to boost the demand for the market in the coming years:
- The rising need for value-added solutions and the requirement to track compressed air deployments.
- The widespread use of oil-free air compressors in the manufacturing, petroleum, chemical, and electric power industries.
- In the future years, the growing use of oil-free air compressors in the pharmaceutical and electronics industries will expand the size of the market.
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Segments Analysis
By Product
The market is segmented into stationary and portable. The stationary oil-free air compressor is the dominating segment and is anticipated to remain dominance on account of its extensive usage in manufacturing applications and industrial advancements in emerging nations. They have more power than portable air compressors, which allows them to be used in a variety of industries, including autos, air conditioning and refrigeration systems, and others. End-users use various sizes of compressors depending on the application. Refrigeration, air conditioning, and vehicles, for example, all require small air compressors.
By Technology
The market is segmented into rotary, reciprocating, and centrifugal. Rotary compressors are expected to generate the largest demand during the assessment period. The need for rotary compressors is being fueled by factors such as high efficiency and minimal maintenance and installation costs. Furthermore, technical breakthroughs are opening the way for market expansion by allowing for the development of highly productive and low-energy rotary compressors. The market for rotary oil-free air compressors is further divided into scroll, screw, and other types including lobe and vane.
By Application
The market is segmented into home appliances, food & beverage, semiconductor & electronics, manufacturing, healthcare and others. The healthcare segment is projected to be the largest market for oil-free air compressors during the forecast period, owing to the growing demand for these compressors in hospitals and other healthcare facilities.
Regional Analysis
Asia-Pacific is estimated to be the most dominating region across the globe. Increased demand for energy-efficient products in sub-continental countries due to strict implementation of environmental legislation is likely to drive the regional market during the forecast period. Also, over the following period, huge demand for portable and lightweight items to improve air quality would generate a massive thrust to the market in the Asia-Pacific region. On the other hand, North America is anticipated to grow with the highest CAGR on account of the growing demand for home appliances during the assessment period.
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Market Segmentation
The report provides detailed insights into the dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The oil-free air compressor market is segmented into the following categories:
By product type:
By technology type:
- Rotary
- Type Analysis: Screw, Scowl, and Others
- Reciprocating
- Centrifugal
By application type:
- Home Appliances
- Food & Beverage
- Semiconductor & Electronics
- Manufacturing
- Healthcare
- Type Analysis: Medical, Dental, and Others
- Others
- Type Analysis: Construction, Water Treatment, Agriculture, etc.
By region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
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Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
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Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth Analysis of the Oil-free Air Compressor Market
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How lucrative is the future?
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Market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional, and country-level historical data and forecasts
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Which are the most attractive market segments?
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Market Segment Analysis and Forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirement?
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10% free customization
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Customization Option
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Segmentation
- Current segmentation of any one of the product types by technology type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].
