Oil-free Air Compressor Market Analysis

Oil-free Air Compressor Market Analysis

Stationary oil-free air compressor industry valuation is poised to reach more than USD 26 billion by 2032, owing to its strong application scope in the automobile and home appliances industries. The proliferation of industrial manufacturing is also emerging as a key growth driver, especially in emerging economies. As per the National Bureau of Standards, in September 2022, the Manufacturing Purchasing Managers Index in China reported an increase from 49.4 to 50.1. Factors such as these are likely to foster the product usage in manufacturing operations where mobility is not required, such as refrigerators, air conditioners, and automobiles, among others.
 

The 15-kW – below 55kW oil-free air compressor market is slated to attain 5% gains during 2023-2032. Compressors within this power range are ideal for the chemicals, electronics, pharmaceuticals, and food & beverages industries. Over the years, companies have also been making increasing investments to cater to the burgeoning demand for electronics. For example, in July 2022, FUJIFILM Electronic Materials, U.S.A., Inc. invested USD 350 million in its electronic material business in the U.S. during the fiscal years 2021-2023. Such initiatives will stimulate the use of these compressors for air purification and the elimination of trace contaminants in the electronics manufacturing process.
 

The oil-free air compressor market from the reciprocating technology type is estimated to amass USD 7 billion by 2032, due to the rise in global automobile production. Since small reciprocating compressors are commonly utilized in automotive applications, rising vehicle production will fuel the development of these devices. In addition, the strong product application scope in the oil and gas market will increase the consumption of larger reciprocating oil-free air compressors.
 

The oil-free air compressor market from the food & beverage application segment will observe 7.5% growth rate through 2032. This is a result of the growing number of refrigerated warehouses built for storing agricultural products. Additionally, in rural areas, the sales of packaged foods have been growing steadily by 2032, mainly because of the increased product affordability. These factors will significantly accelerate the utilization of air compressors in food packaging and processing applications, augmenting the industry dynamics during 2023-2032.
 

Europe oil-free air compressor market is foreseen to cross the valuation of USD 4 billion by 2032, considering the high product demand in the burgeoning industrial manufacturing sector. In order to address the prevalent energy crisis, energy companies in prominent European nations such as Germany are considering the possibility of bringing retired coal-fired thermal power plants back online. These factors will augment the need for compressed air for coal handling and other applications and subsequently drive the regional market development.