The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

The Business Research Company’s Oil Free Air Compressor Global Market Report 2024 offers crucial insights into the oil free air compressor market help businesses analyse and build stronger strategies.

 

The oil-free air compressor market has experienced steady growth, driven by increasing demand across various industries. This blog explores the factors contributing to this growth, market trends, and notable industry developments.

 

Market Overview

Steady Growth in Recent Years

• 2023 Market Size: $14.03 billion
• 2024 Market Size: $14.67 billion
• CAGR (2023-2024): 4.6%

Key Growth Drivers

• Rising demand for oil-free compressed air in sensitive applications.
• Stringent regulations on air quality and environmental protection.
• Growth in industries requiring contamination-free compressed air.
• Concerns about product purity and compliance with industry standards.
• Expansion of healthcare and pharmaceutical sectors.
• Adoption in food and beverage processing to prevent contamination.
• Awareness of maintenance cost reduction benefits.

 

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Future Market Projections

Expected Strong Growth

• 2028 Market Size: $17.94 billion
• CAGR (2024-2028): 5.2%

Factors Contributing to Future Growth

• Shift towards energy-efficient and sustainable compressed air solutions.
• Expansion of manufacturing industries in emerging economies.
• Adoption in automotive and electronics manufacturing.
• Increased infrastructure development and construction investments.
• Emphasis on operational efficiency and cost savings.
• Focus on reducing carbon footprint and emissions in industrial processes.

Major Trends

• Adoption of advanced oil-free compressor technology.
• Integration of advanced filtration systems.
• Adoption of variable speed drive technology.
• Integration of remote monitoring features.
• Emphasis on compliance with environmental standards.

 

Industry-Specific Developments

Automotive Industry Adoption

Driving Market Growth

• Increased demand for electric vehicles (EVs) and autonomous driving features.
• Essential role in automotive applications: painting, surface finishing, brake testing, tire inflation.
• Example: UK passenger car sales rose 25.8% in June 2023.

Innovation in Industrial Compressors

Advanced Product Development

• Companies are focusing on developing advanced products like industrial oil-free rotary screw air compressors.
• Example: Kaishan USA’s KROF series, launched in November 2023, provides high-quality, ISO 8573-1 Class 0 oil-free compressed air suitable for sensitive applications.

 

Strategic Acquisitions

Atlas Copco’s Acquisition of Hycomp

• January 2024 acquisition to strengthen Atlas Copco’s Professional Air division.
• Integration of Hycomp’s high-pressure oil-free compressor technology.

Market Segmentation

Product Types

• Stationary
• Portable

Power Ratings

• Below 15kW
• 15-55kW
• 55-160kW
• Above 160 kW

Technologies

• Reciprocating
• Rotary or Screw
• Centrifugal

Applications

• Food and Beverage
• Pharmaceutical
• Semiconductor and Electronics
• Chemical
• Oil and Gas
• Automotive
• Other Applications

 

Regional Insights

Current Leaders and Future Growth

• North America: Largest market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region during the forecast period.

The oil-free air compressor market is poised for continued expansion, driven by technological advancements, increasing regulatory pressures, and rising demand across diverse industries. With companies investing in innovation and strategic acquisitions, the future of this market looks promising.

Top of Form

 

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The Oil Free Air Compressor Global Market Report 2024  provides a comprehensive outlook of the oil free air compressor market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The oil free air compressor market forecast offers a thorough analysis on oil free air compressor market size, oil free air compressor market share, prominent players and their strategies.

 

The Table Of Content For The Oil Free Air Compressor Market Include:
1. Oil Free Air Compressor Market Executive Summary
2. Oil Free Air Compressor Market Segments
3. Oil Free Air Compressor Market Size And Oil Free Air Compressor Market Growth Rate
4. Key Oil Free Air Compressor Market Trends
5. Major Oil Free Air Compressor Market Drivers
……
25. Key Mergers And Acquisitions In The Oil Free Air Compressor Market
26. Top Oil Free Air Compressor Companies
27. Oil Free Air Compressor Market Opportunities And Strategies
28. Oil Free Air Compressor Market, Conclusions And Recommendations
29. Appendix

 

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