York
City, 19 January 2019: The global Oil Free Air Compressor Market is anticipated to reach USD 16.2 billion by 2026. Owing to the
growing focus upon energy efficient compressors that provide cost advantage,
with lower installation and maintenance costs, the oil free air compressor
market is projected to gain traction over the forecast period.
Oil free compressors provide high
quality and contamination free air for critical environments. Such requirements
are majorly in the pharma, healthcare, food & beverage and semiconductor
industries. Increasing implementation of these oil free compressors in these
industries are pushing the market. Along with this, governments of many
countries are coming up with strict regulations and policies on energy
conservation and environmental protection which are also anticipated to boost
growth in this market. These compressors also provide increased flexibility and
can be modified towards end-user requirements for the provision of enhanced
service offerings. This is presumed to drive the oil free compressor market
over the forecast years.
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The rotary screw air compressors held
a considerable revenue share in 2017 inferable from their expanded
implementation in heavy industrial end-uses and are anticipated to maintain
their growth during the forecast period. The centrifugal compressor segment is
expected to grow significantly over the forecast years, which is fundamentally
attributed to the developing utilization in non-mechanical applications. Air
compressors are intensely utilized as a part of manufacturing applications. A
huge demand from the food & beverage sector, attributable to the compulsory
health and safety mandates, is presumed to drive the oil free air compressors
market over the forecast time frame.
Key Findings from the
study suggest the centrifugal oil free air compressors segment is presumed to
witness quick development from 2017 to 2026, which is fundamentally credited to
their capacity to diminish carbon impression guaranteeing clean and fresh air
supply. Asia Pacific is projected to rise as the fastest developing region with
a with a growth rate surpassing North America and Europe during the forecast
period. Government activities towards advancement and the ascent in development
of environmental laws around the globe has supplemented to the development of
the oil free air compressor market. Owing to the qualities such as light-weight
and strength the portable oil free air compressors were as a predominant
section in 2017, and is foreseen to continue over the coming years. The
manufacturing sector accounted for highest market share in 2027.
Competitive Landscape and Key Vendors:
Europe has the highest
market share in 2017 and it is anticipated to lead the market followed by
Asia-Pacific and North America. This growth is majorly due to stricter norms
and regulations laid down by the government for health safety and environmental
safety standards. Increasing industrialization, growing infrastructure and
increasing petro-chemical plants and refineries in the developing countries of
India and China in the Asia-Pacific region is pushing the market for these oil
free compressors in this region.
Major
industry players include AireTex Compressors, Atlas Copco, FS Elliot Co, Hanwha
Techwin, Ingersoll Rand Plc, Bauer Group, Gardner Denver, Anest Iwata, Kaeser
Kompressoren, Boge Kompressoren, Mehrer Compression GmbH, Cook Compression,
Frank Technologies, Hitachi Industrial Equipment Systems Co., Ltd. Rolair
Systems, Sullair Corp among others.
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