Global Oil Free Air Compressor Market Size study & Forecast, by Product (Stationary, Portable), by Technology (Reciprocating, Rotary/Screw, Centrifugal), by Power Rating (Below 15kW, 15-55kW, 55-160kW, Above 160 kW), by Application (Food & Beverage, Pharm

Global Oil Free Air Compressor Market Size study & Forecast, by Product (Stationary, Portable), by Technology (Reciprocating, Rotary/Screw, Centrifugal), by Power Rating (Below 15kW, 15-55kW, 55-160kW, Above 160 kW), by Application (Food & Beverage, Pharmaceutical, Semiconductor & Electronics, Chemical, Oil & Gas, Others) and Regional Analysis, 2023-2030

Global Oil Free Air Compressor Market is valued at approximately USD 11.71 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5% during the forecast period 2023-2030. An oil-free air compressor is a type of air compressor that operates without the use of oil in the compression chamber. Traditional air compressors typically use oil for lubrication and cooling purposes within the compression chamber. However, in oil-free air compressors, innovative design features and materials are utilized to eliminate the need for oil lubrication. Oil-free air compressors offer advantages such as reduced maintenance requirements, lower risk of oil contamination in the compressed air stream, and compliance with strict industry regulations regarding air quality. These compressors are available in various configurations and sizes to suit different industrial and commercial applications, providing a reliable source of clean, oil-free compressed air. The Oil Free Air Compressor Market is expanding because of factors such as increasing adoption in electronics manufacturing, rising demand for energy efficiency solutions and growing expansion of the food and beverage industry.

In the electronics manufacturing sector, the utilization of oil-free air compressors plays a critical role in ensuring the integrity and reliability of the manufacturing processes. The production of electronic components and devices often involves sensitive and intricate machinery, where even minimal contamination can have detrimental effects on the final product's quality. Oil-free air compressors are essential in this context as they eliminate the risk of oil particles entering the compressed air stream, which could otherwise jeopardize the functionality of electronic components. As per the Electronic Industries Association of India, the electronic contract manufacturing sector in the country is projected to grow substantially, reaching approximately USD 152 billion by 2025, marking a more than sixfold increase from its current size. Moreover, according to Statista, the Volume of the consumer electronics market across the globe stood at 8069.75 million units in year 2022 and which increased to 8318.22 million units in year 2023, and it is projected to reach 9013.88 million units by year 2028. In addition, rising industrialization and manufacturing activities and advancements in technology are some factors creating new opportunities for market growth. However, the high cost and environmental impact of manufacturing Oil Free Air Compressors stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Oil Free Air Compressor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022. The adoption of oil-free air compressors in Europe has witnessed a upswing in recent years, driven by diverse factors such as heightened environmental consciousness, stringent health and safety regulations, and the growing requirement for superior-quality compressed air within industries such as food and beverage, pharmaceuticals, and electronics. Consequently, numerous sectors across Europe are transitioning to oil-free air compressors to fulfil their compressed air requirements, concurrently addressing environmental sustainability and safety considerations. Manufacturers contributing to this trend in Europe include Atlas Copco AB, Ingersoll Rand, and Kaeser Kompressoren AG. Asia Pacific is expected to grow at the fastest rate over the forecast period. The Asia Pacific region encompasses several nations with burgeoning economies, such as China, India, and various Southeast Asian countries. These economies are experiencing remarkable growth across diverse sectors, including construction, infrastructure development, and manufacturing. Oil-free air compressors are integral to these industries, and the demand for them is anticipated to rise substantially in these burgeoning regions in the foreseeable future. Moreover, Asia Pacific hosts a rapidly expanding healthcare sector, characterized by an escalating need for medical facilities. Oil-free air compressors find widespread use in medical applications and pharmaceutical companies, particularly in medical air systems, dental clinics, and laboratories. This surge in healthcare infrastructure would significantly contribute to the escalating demand for oil-free air compressors throughout the region.

Major market player included in this report are:
Novo Nordisk A/S
Atlas Copco AB
FS Elliot Co., LLC
Hanwha Power Systems CO., LTD.
Ingersoll Rand
Sullair, LLC.
Kaeser Kompressoren SE
Zen Air Tech Private Limited
Doosan Portable Power
Sullivan-Palatek Inc.

Recent Developments in the Market:
 In April 2023, Atlas Copco AB successfully concluded the acquisition of Shandong Bozhong Vacuum Technology Co., Ltd, a pioneering company specializing in the development and production of vacuum systems and pumps. This newly acquired entity is set to integrate into the industrial vacuum division within the vacuum technique business segment of Atlas Copco AB.
 In January 2023, Ingersoll Rand disclosed its acquisition of the Air Treatment Business Division from SPX Flow, a prominent provider of processing solutions. This strategic move broadens Ingersoll Rand's primary compressor products by incorporating a synergistic product portfolio that includes cost-effective compressed air filters, dryers, and other consumables, boasting a high attachment rate.

Global Oil Free Air Compressor Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Product, Technology, Power Rating, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Stationary
Portable
By Technology:
Reciprocating
Rotary/Screw
Centrifugal
By Power Rating:
Below 15kW
15-55kW
55-160kW
Above 160 kW
By Application:
Food & Beverage
Pharmaceutical
Semiconductor & electronics
Chemical
Oil & Gas
Automotive
Others
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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