Oil-free Air Compressor Market Size By Product (Portable, Stationary), By Power (Below 15 KW, 15 KW - Below 55 KW, 55KW - 160 KW, Above 160 KW), By Technology (Rotary [Screw {Without Water Injection, With Water Injection}, Scroll], Reciprocating, Centrifu

Oil-free Air Compressor Market Size By Product (Portable, Stationary), By Power (Below 15 KW, 15 KW - Below 55 KW, 55KW - 160 KW, Above 160 KW), By Technology (Rotary [Screw {Without Water Injection, With Water Injection}, Scroll], Reciprocating, Centrifugal), By Application (Home Appliances, Food & Beverage, Semiconductors & Electronics, Manufacturing, Healthcare [Medical, Dental]) & Forecast, 2023 - 2032

Global oil-free air compressor market size is projected to witness an upsurge over 2023-2032, on account of the strong focus on factory automation through the adoption of robotics.

With the introduction of strict regulations, rising complexity, and component shortages, industrial manufacturers have shifted their interest to modernization, boosting smart factory development. Pneumatic actuators and other industrial devices, which use compressed air to power motion, are considered critical in factory applications such as robotics. These factors are likely to escalate the demand for oil-free air compressors for robotics applications in smart factories.

Furthermore, manufacturers are relying on automated solutions for use in product assembly and daily maintenance operations. Citing an instance, a machinery manufacturer, Atlas Copco, collaborated with KUKA, an industrial robot supplier, to automate the labor-intensive manual assembling of air compressors. Due to the acceleration of factory automation, oil-free air compressor production is anticipated to rise over the estimated timeline.

The oil-free air compressor industry is bifurcated based on product, power, technology, application, and regional landscape.

The market share from the portable product segment is slated to register sizeable growth by 2032, owing to the resiliency of the agricultural sector in the wake of the COVID-19 pandemic.

As per data from the Research Institute of Organic Agriculture, in 2020, the area devoted to organic farming in Europe involved 17.1 million hectares. These agricultural trends are expected to proliferate the use of portable oil-free air compressors for crop spraying and equipment operation applications.

In terms of power, the industry value from the above 160 kW segment is poised to exhibit over 5% CAGR through 2032. This is a result of the increasing availability of certified fixed and regulated speed oil-free screw compressors of high capacity for manufacturing applications. However, its limited use may create a hindrance to industry development to some extent.

Oil-free air compressor market size from the rotary technology segment is projected to rise over the estimated timeline, given the introduction of rotary compressors that meet stringent hygienic standards. High efficiency, low-temperature operation, and low-temperature loss are also among the benefits contributing to product consumption.

The increased requirement for compressed air to address strict regulations in food and beverage, chemical, and other industry verticals is expected to drive oil-free rotary air compressor industry growth over the forecast period.

Based on the application, the industry value from home appliances applications is anticipated to reach more than USD 10 billion by 2032. The mounting disposable incomes, population growth, and economic development in regions such as Asia are among the key factors promoting the adoption of air compressors in home appliance manufacturing.

Latin American oil-free air compressor industry is set to depict over 4% CAGR through 2032. The easy availability of raw materials, cost-effective labor, and the abundance of land resources are contributing to the progress of the regional manufacturing sector. As a result, the use of industrial manufacturing air compressors is expected to rise across the LATAM region.