Oil Free Air Compressor Market Size, Share, Growth Opportunity, Relevant Trend & Forecast to 2020
Oil free air compressor is defined as pre-lubricated mechanical device which operates without using oil by enhancing the pressure of gas by reducing its volume. These compressors are designed to operate without oil in the compression chamber. The power of these devices is measured in cubic feet per minute of intake air and horsepower. Oil Free Air Compressors are widely used in various end use industries such as manufacturing, energy, oil & gas, food & beverage, and home appliance sector. In addition, the increase environmental awareness regarding air quality is expected to increase the demand for oil free air compressor in the next few years.
The
growing demand for contaminant free air food & beverage industry is a key
driving factor which is expected to boost the global oil free air compressor
market growth during this forecast period. Compressed air has a wide range of
applications food & beverage industry which is used in the automated
sorting of products, vacuuming sealing products, leaning of packaging
containers. However, the food & beverage industry need to ensure that the
air is used in packaging & processing should not contain any oil, water
contaminant. Oil free air compressors provide food & beverage companies an
alternative to do away with the additional processes.
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Oil
Free Air Compressors provide enhanced operational efficiency & highly
reliable running which is propelling their uses in end use industries over the
forecast period. Manufacturing, food & beverages, oil & gas, energy,
and home appliances are some of the key end use industries for the oil free air
compressors. Also, the growing environmental awareness has resulted in a spate
of regulations to ensure improved air quality. Thus, demand for oil free air
compressors are likely propel the product sales during this forecast time
period.
The
high initial cost of oil-free air compressors are expected to hinder the growth
of the global oil free air compressor market. Also, the risk of wear & tear
and sound pollution may limit the global oil free air compressor market during
this forecast timeline.
Oil Free Air
Compressor Market Segmentation
The
Global Oil Free Air Compressor Market is segmented into product such as
Portable, and Standalone, by technology such as Rotary/ Screw, Reciprocating,
and Centrifugal, by power rating such as 2kW to 55kW, and More than 55kW.
Further, market is segmented into application such as Food & Beverage, Home
Appliances, Manufacturing, Oil & Gas, energy, and others.
Also,
the Global Oil Free Air Compressor Market is segmented into
five regions such as North America, Latin America, Europe, Asia Pacific, and
Middle East & Africa.
The
APAC is expected to expand at the highest CAGR during this forecast period,
owing to the increase in expenditure on infrastructural development &
manufacturing facilities. Middle East & Africa and Latin America are also anticipated
to witness significant growth in near future due to the changing regulatory
scenario as well as increasing awareness concerning the use of eco-friendly and
sustainable products.
Major Key Players
Various key players are listed in this report such as Atlas Copco Group, Gardner Denver Holdings, Inc., Aerzener Maschinenfabrik GmbH, Ingersoll-Rand plc, Powerex Inc., Howden Group, Fusheng Co., Ltd., Hycomp Inc., Hitachi, Ltd., General Electric Company, Bauer Compressors, Inc., etc.
Market Taxonomy
By Product
- Portable
- Standalone
By Technology
- Rotary/ Screw
- Reciprocating
- Centrifugal
By Power Rating
- 2kW to 55kW
- More than
55kW
By Application
- Food &
Beverage
- Home
Appliances
- Manufacturing
- Oil & Gas
- Energy
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
& Africa
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