The global oil free air compressors
market is expected to reach USD 15.2 billion by 2025. Air compressors are heavily used in
manufacturing applications, for instance, oil-free air is directly used in
various locations as a power source for manufacturing machines. A strong demand
from the food & beverage sector, owing to the mandatory health & safety
requirements, is expected to drive the oil free air compressors market growth
over the forecast period.
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Industries such as manufacturing are
espousing economical manufacturing methods so as to drive profitability. The
surging demand for these systems from operative energy dissemination
solicitations due to cost optimizing features is predicted to fuel the industry
growth. Factors such as lower installation and maintenance cost are expected to
positively elevate the industry growth.
Further key
findings from the report suggest:
On account of benefits including light-weight and durability the
portable oil free air compressors emerged as a dominant segment in 2015, a
trend anticipated to continue towards the end of the forecast period.
Centrifugal oil free air compressors segment is expected to witness
rapid growth from 2016 to 2025, which is primarily ascribed to their ability to
reduce carbon footprint ensuring clean and reliable air supply.
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The manufacturing sector captured the largest share in 2015; however,
home appliances followed by oil & gas segment are anticipated to witness
fastest growth owing to the criticality of these products, wherein even a
droplet of oil result into the production equipment spoilage.
Asia Pacific is expected to emerge as the fastest growing region with
a CAGR exceeding 4.0% over the forecast period, mainly on account of rapid
industrialization and expanding manufacturing sector.
The market is fragmented in nature and the key purveyors comprise
Atlas Copco, Ingersoll Rand, Gardner Denver, General Electric and Bauer Group
among others, wherein mergers & acquisitions along with technologically
advanced product development remain to be the key strategies adopted to gain
competitive advantage.
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