Global Oil-Free Air Compressor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Oil-Free Air Compressor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An Oil-Free Air Compressor is a compressor that uses a pre-lubricated material such as Teflon instead of oil to coat its compression elements. Some Oil-Free Air Compressors may also use water instead of oil for lubrication and cooling. These alternative materials protect the pump and allow the machine to move smoothly without oil-based or synthetic lubricants.

Market Overview:

The latest research study on the global Oil-Free Air Compressor market finds that the global Oil-Free Air Compressor market reached a value of USD 13637.5 million in 2022. It’s expected that the market will achieve USD 17688.9 million by 2028, exhibiting a CAGR of 4.43% during the forecast period.

Market Risk

The raw materials of Oil-Free Air Compressor are composed of steel and non-ferrous metals, and the rest of the spare parts are mainly steel castings, electric motors, metal pressure vessels and valves. Taking the data from the China Iron and Steel Industry Association as an example, from 2021 to 2022, China's steel prices will fluctuate and increase, from 124.52 on December 31, 2020 to 140.69 on April 1, 2022. Among them, after increasing to the highest value of 174.81 on May 14, 2021, it began to fluctuate and decline, and the overall downward trend was relatively stable.

The non-ferrous metals required by the Oil-Free Air Compressor component manufacturing industry mainly include copper, aluminum, tin, lead, zinc and rare metals. In 2020, the COVID-19 pandemic caused investors to switch from riskier assets to safe-haven assets such as gold and silver, driving non-ferrous metal prices higher. In 2022, due to the impact of the Ukrainian-Russian crisis, the prices of bulk commodities will rise sharply, driving up the prices of non-ferrous metals. In general, the prices of non-ferrous metals in the world are showing an increasing trend.

The risk of major raw material supply and price fluctuations will have a material adverse effect on the company's continued profitability. The industry characteristics of Oil-Free Air Compressor manufacturers make it dependent on key suppliers in terms of raw material procurement. If there are adverse changes in the cooperation relationship between the company and these major suppliers, or adverse changes in the operating and financial conditions of the major suppliers, it may cause the company to be unable to purchase the normal quantity of products in a timely and sufficient quantity. At the same time, fluctuations in raw material prices will also have an impact on the company's production costs. If the price of raw materials rises, it will lead to an increase in the production cost of Consumer Oil-Free Air Compressor and reduce the profit margin of the product. The company's production and operation plan will be adjusted. All in all, fluctuations in raw material prices are one of the risks faced by industry companies.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Atlas Copco Group is one of the major players operating in the Oil-Free Air Compressor market, holding a share of 9.54% in 2022. Since 1873, Atlas Copco has been transforming industrial ideas into key business advantages. Atlas Copco's main areas of activity include compressed air and gas equipment, generators, industrial tools and assembly systems, and vacuum pumps.

Ingersoll Rand supplies more than 40 well-respected brands with innovative and mission-critical industrial, energy, medical, and specialty vehicle products and services designed to operate in even the most complex and harsh conditions where downtime is prohibitively expensive Can perform well. Practice areas include efficiency, engineering, compressed air, vacuum pumps, flow control technology, energy, medical, blowers, sustainability, industrial technology, power tools, and utility vehicles

Segmentation Overview:

Among different product types, Below 50 HP segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Manufacturing segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Oil-Free Air Compressor market covered in Chapter 3:

Aerzen
Ingersoll Rand
Mitsui Seiki Kogyo Co., Ltd.
Atlas Copco Group
ANEST IWATA Corporation
Kaishan Group
Kaeser Kompressoren SE
Kobelco Compressors Corporation
Fusheng Industrial
Hitachi

In Chapter 4 and Chapter 14.2, on the basis of types, the Oil-Free Air Compressor market from 2018 to 2029 is primarily split into:

Below 50 HP
50-100 HP
Above 100

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Oil-Free Air Compressor market from 2018 to 2029 covers:

Manufacturing
Food and Beverage
Electronics
Pharmaceuticals
Oil and Gas
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)