Global Oil Free Air Compressor Market is Segmented By Type (Oil-free Rotary Screw Compressors, Oil-free Reciprocating Compressors, Oil-free Centrifuga....
Market Size in USD Bn
CAGR7.5%
Study Period | 2023 - 2030 |
Base Year of Estimation | 2022 |
CAGR | 7.5% |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players | Fushen, Kobelco, General Electric, Aerzen, Atlas Copco and Among Others. |
The Oil Free Air Compressor Market size is expected to be valued at US$ 20 Billion in 2023 and is expected to reach US$ 33.17 Billion by 2030, grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030.
Global Oil Free Air Compressor Market Analysis
Oil free air compressors use technologies such as dynamic, centrifugal compression and do not require lubricating oil to compress air. They provide 100% clean, oil-free air for critical applications across industries. The advantages of oil-free air compressors include lower maintenance costs, eco-friendly operation and suitability for food, pharmaceutical and healthcare applications. The key drivers of the market include rising energy efficiency regulations, growing adoption of green buildings and increasing demand from end-use industries such as food & beverage, pharmaceuticals and power generation.
Key drivers include Increasing adoption in critical applications, Advantages over conventional compressors, Focus on improving energy efficiency, The Oil Free Air Compressor Market is segmented by type, end-use industry, power rating, pressure and region. By type, the oil-free rotary screw compressors segment accounted for the largest market share in 2022. Oil-free rotary screw compressors are highly energy efficient and suitable for continuous duty applications across industries.
Global Oil Free Air Compressor Market Regional Insights:
Figure 1. Global Oil Free Air Compressor Market Share (%), By Region, 2023
Major Players operating in the Global Oil Free Air Compressor Market Fusheng, Kobelco, General Electric, Aerzen, Atlas Copco, Sullair, Mitsui, Hitachi, Anest Iwata, Nanjing Compressor, Boge, Fusheng, Shenyang Yuanda Compressor, Johnson Controls, Oasis Manufacturing, Elgi, KAESER, Gardner Denver, Ingersoll Rand.
Global Oil Free Air Compressor Market
The oil-free air compressor market refers to the market for air compressors that operate without the use of oil for lubrication, thus providing clean, oil-free air. These compressors are widely used in industries where air quality is critical such as food and beverage, electronics, pharmaceuticals, and healthcare.The global oil-free air compressor market has been experiencing significant growth over the past few years.
The growth of the oil-free air compressor market is driven by several factors. Firstly, the increasing demand for oil-free air in various industries due to its benefits such as reduced contamination risk and lower maintenance costs. Secondly, the growing environmental concerns and stringent regulations regarding air quality are also contributing to the market growth.
The market is also witnessing technological advancements such as the development of energy-efficient oil-free air compressors, which is expected to further drive the market growth.
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How big is Oil Free Air Compressor Market?
The Oil Free Air Compressor market size is expected to be valued at US$ 20 Bn in 2023.
What are the key factors hampering growth of the Market?
Availability of refurbished alternatives, Preference for lubricated compressors in non-critical applications, High initial and operating costs
What are the major factors driving the market growth?
Rapid industrialization in emerging economies, Increasing adoption in critical applications Advantages over conventional compressors, Focus on improving energy efficiency
Which is the leading component segment in the Market?
The 0-20 Bar segment accounted for the largest share in 2022.
Which are the major players operating in the Market?
Fusheng, Kobelco, General Electric, Aerzen, Atlas Copco, Sullair, Mitsui, Hitachi, Anest Iwata, Nanjing Compressor, Boge, Fusheng, Shenyang Yuanda Compressor, Johnson Controls, Oasis Manufacturing, Elgi, KAESER, Gardner Denver, Ingersoll Rand
What will be the CAGR of Market?
The CAGR of Market is expected to be 7.5% from 2023-2030.