Oil-free Air Compressor Market size to cross $27 Bn by 2032

Oil-free Air Compressor Market size is poised to reach USD 27 billion by 2032, according to the new research study by Global Market Insights Inc.
 

The rising emphasis on continuous manufacturing of pharmaceuticals will proliferate the production of these compressors. The U.S. Congress, has been making considerable investments to enhance the manufacturing of pharma products. Oil-free compressors are suited to sensitive industrial applications, including pharmaceuticals, where exceptionally clean air is required. Oil contamination in such industrial operations can pose health risks and financial losses. These factors will encourages. consumers to shift their preferences from oil-lubricated to oil-free air compressors.
 

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Despite the low health risks and contamination benefits, concerns regarding device durability are creating a hindrance to the oil-free air compressor market development to some extent. As compared to oil-filled counterparts, this compressor is associated with a shorter lifespan and is prone to wear and tear. Moreover, the restriction in device usage due to high noise generation may impede product demand. However, reduced environmental impact and improved regulatory compliance will offer lucrative growth opportunities for manufacturers in the sector.
 

Portable air compressors gain traction in construction and oil & gas projects

Oil-free air compressor industry share from the portable type is anticipated to depict more than 4% CAGR from 2023 to 2032. In industries such as construction and oil and gas, high-quality compressed air is needed across different locations, contributing to the popularity of portable oil-free air compressors. With the rise in infrastructure progress, oil and gas exploration, and construction projects, this portable industrial device will gain traction as the preferred compressor option for impurities removal applications.
 

Acceptance of laser cutting boosts consumption of oil-free air compressors below 15kW

The below 15kW power segment in oil-free air compressor market will be worth over USD 6.5 billion by 2032, given the easy maintenance, energy efficiency, and compact designs of low-power compressors. The laser cutting has been gaining acceptance in automotive, aerospace, and other industries to deliver cuts in specifications and sizes and spur the productivity. These factors will bolster the adoption the compressors below 15kW to support laser-cutting machines.
 

Thermal power plant expansion to promote centrifugal oil-free air compressor manufacturing

The oil-free air compressor market share from the centrifugal technology sector is poised to attain around 5% gains through 2032, considering the extensive usage of compressed air in gas turbines. According to a report from the federal power agency in India, 10 thermal power units of 7,010 MW aggregate capacity are expected to be commissioned in FY2022-2023. This rise in the number of thermal power plants is likely to foster the demand for these compressors.
 

Auto output recovery to proliferate air compressor use in electronics

The semiconductor & electronics application type is slated to reach USD 640 million by 2032, due to the sharp recovery in automotive output, especially in the United States. Automotive factory operations witnessed a third straight monthly gain in April 2022, signaling the ease of production and supply chain issues that were caused by the COVID-19 pandemic. These factors are supporting the opportunities for electronic equipment manufacturers. The deployment of oil-free air compressors is consequently expected to surge, in order to ensure a sterile environment for semiconductors.
 

Browse key industry insights spread across 307 pages with 617 market data tables and 38 figures & charts from the report “Oil-free Air Compressor Market Size By Product (Portable, Stationary), By Power (Below 15 KW, 15 KW – Below 55 KW, 55KW – 160 KW, Above 160 KW), By Technology (Rotary [Screw {Without Water Injection, With Water Injection}, Scroll], Reciprocating, Centrifugal), By Application (Home Appliances, Food & Beverage, Semiconductors & Electronics, Manufacturing, Healthcare [Medical, Dental]), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/oil-free-air-compressor-market
 

APAC to emerge as a revenue pocket for industry players

The Asia Pacific oil-free air compressor market is projected to observe nearly 5.5% growth during 2023-2032, due to the rapidly expanding manufacturing sector. As per the National Bureau of Statistics, in September 2022, China’s manufacturing Purchasing Managers’ Index stood at 50.1 in September 2022. Several Asian countries have also witnessed significant population growth. These factors are, in turn, expected to promote the adoption of oil-free air compressors for sensitive industrial operations.
 

Strategic product launches to define the oil-free air compressor industry landscape

Some of the key players profiled in the report are ANEST IWATA Corporation, Tamturbo OY, Air Squared, Frank Technologies Pvt. Ltd., Quincy Compressor LLC, Aerzener Maschinenfabrik GmbH (Aerzen), Ciasons Industrial Inc., ELGi Equipment Ltd., Doosan Group, Ingersoll-Rand Plc, Kaeser Kompressoren SE, and Sullair, LLC. Most of these companies are emphasizing product range expansion strategies to strengthen their presence in the business scenario.
 

For instance, in January 2021, Sullair LLC. launched the Tier 3 OFD1550, its new portable oil-free air compressor, designed to offer ISO 8573.1 Class 0 oil-free air for locations such as the jobsite, refinery side, and plant side. This launch was meant to enable the company to establish a strong footprint in the global oil-free air compressor market.