Oil-free Air Compressor Market is Anticipated to Grow at an Impressive CAGR During 2022-2028
Stratview Research has recently published a report on the Oil-free Air Compressor Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
The market is segmented by Product Type (Stationary and Portable), by Technology Type (Rotary [Screw, Scroll, and Others], Reciprocating, and Centrifugal), by Application Type (Home Appliances, Food & Beverage, Semiconductor & Electronics, Manufacturing, Healthcare [Medical, Dental, and Others], and Others [Construction, Water Treatment, Agriculture, etc.]), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Oil-free Air Compressor Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Oil-free Air Compressor Market is likely to grow from USD 17.19 billion in 2022 to reach USD 23.2 billion by 2028 at a healthy CAGR of 5.12% during the forecast period.
What is an oil-free air compressor?
The oil-free air compressor is one which does not require any lubrication in its compression chamber. Instead, it uses substitute materials, such as water or a Teflon coating, that protect the pump, and allow the mechanism to move smoothly without the need for synthetic or any oil-based lubrication.
Some of the companies drive the market growth:
- AireTex Compressors
- Atlas Copco
- Bauer Group
- Boge Compressors
- ELGI Equipments Ltd
- Frank Technologies
- MEDO U.S.A
- Cook Compression
- Hitachi Industrial Equipment Systems Co., Ltd.
- GE Energy
- Gardner Denver
- Kobelco
- Kaeser Compressors
- Ingersoll Rand
- Sullair Corp
- Rolair Systems
- Oasis Manufacturin
- Zen Air Tech Private Limited
- Thomas Gardner Denver Inc.
- Tamturbo Oy.
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Market Dynamics
These factors are expected to boost the demand for the market in the coming year:
- The rising need for value-added solutions and the requirement to track compressed air deployments.
- The widespread use of oil-free air compressors in the manufacturing, petroleum, chemical, and electric power industries.
- In the future years, the growing use of oil-free air compressors in the pharmaceutical and electronics industries will expand the size of the market.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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