Oil-free Air Compressor Market Size By Product (Portable, Stationary), By Technology (Rotary, Reciprocating, Centrifugal), By Application (Home Appliances, Food & Beverage, Semiconductors & Electronics, Manufacturing, Healthcare), Power, 2023 - 2032

Oil-free Air Compressor Market Size By Product (Portable, Stationary), By Technology (Rotary, Reciprocating, Centrifugal), By Application (Home Appliances, Food & Beverage, Semiconductors & Electronics, Manufacturing, Healthcare), Power, 2023 - 2032

Oil-free Air Compressor Market Size

Oil-free Air Compressor Market size surpassed USD 16.5 billion in 2022 and is anticipated to register 5% CAGR from 2023 to 2032 attributed to the increasing demand for energy-efficient industrial devices.

Oil-free air compressors are gaining popularity, given their ability to curb energy and maintenance costs, environmental footprint and contamination. In emerging nations, the requirement for compressed air is growing, mainly due to the expansion of industrial plants. Additionally, the introduction of strict energy efficiency standards will result in the replacement of traditional oil-powered air compressors with eco-friendly options. Based on regulations from the U.S. EPA and the U.S. DOE, the energy efficiency of appliances rose from 30% to 90%, indicating a rise in the use of efficient air compressors.
 

Despite the usage advantages, oil-free air compressors are associated with high initial costs as compared to oil-powered counterparts. Heavy-duty and side-by-side compressors used for industrial and manufacturing applications are also comparatively more expensive than those compressors designed for residential applications. These factors may create a hindrance to oil-free air compressor market development to a certain extent. However, the mounting HVAC adoption will boost the consumption of air compressors for use in home appliances, bolstering the business outlook.

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.

Oil-free Air Compressor Market Share

Some of the key players involved in the oil-free air compressor business scenario are

• Zen Air Tech Pvt Ltd
• Air Squared
• Frank Technologies Pvt Ltd
• Quincy Compressor LLC
• Hitachi Industrial Equipment Systems Co Ltd
• Hubei Teweite Power Technology Co Ltd
• Sullivan-Palatek Inc
• Doosan Group
• Rolair Systems (Associate Engineering Corporation)
• Ingersoll-Rand Plc
• Sullair LLC,
• Atlas Copco AB

These companies focusing on acquisitions and other strategies to expand their industry presence.

Impact of the COVID-19 pandemic

The COVID-19 outbreak has asserted a profound impact on various industrial sectors, mainly due to supply chain issues. Movement restrictions imposed as part of pandemic-control measures during the initial stages of the crisis have led to a considerable shift in consumer buying patterns, including a spike in the intake of processed meat and packed food items. These COVID-19-induced trends will proliferate the requirement for compressed air in the food processing and packaging sectors and subsequently boost oil-free air compressor production.

This market research report on oil-free air compressor includes in-depth coverage of the industry with estimates & forecast in terms of volume in Thousand Units and revenue in USD million from 2018 to 2032 for the following segments

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Market, By Product

• Portable
• Stationary

Market, By Power

• Below 15 KW
• 15 KW – Below 55 KW
• 55KW – 160 KW
• Above 160 KW

Market, By Technology

• Rotary
  • Screw
    • Without water injection
    • With water injection
  • Scroll
  • Others
• Reciprocating
• Centrifugal

Market, By Application

• Home Appliances
• Food & Beverage
• Semiconductors & Electronics
• Manufacturing
• Healthcare
  • Medical
  • Dental
  • Others
• Others

Market, By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait