PUBLISHER: Acute Market Reports | PRODUCT CODE: 1248135
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1248135
Oil-free air compressor, also termed as water-injected compressor (WIS), involves water injection instead of oil in compression chamber. This restricts oil from mixing with compressed air & drain water, thereby offering pollutant free and cost effective processes. Growing awareness regarding environment preservation, in terms of eliminating air and water pollutants (e.g. oil), is expected to continue driving the oil-free air compressors market growth in coming years. Low installation, maintenance and energy cost too form some of the major factors propelling the demand for oil-free air compressors. Increasing demand for air compressors, especially from the heavy industries, is also one of the most prominent factor stimulating the market growth.
According to product type, the market is segmented into stationary and portable oil-free air compressors. Stationary air compressor has higher market share compared to portable compressors as it offers larger tank size and hence higher air-compression capacity. Nevertheless, due to low maintenance, convenience in handling and wide array of application area, portable oil-free air compressors are set to witness strong demand in the following years.
Oil-free air compressor is a universal product having multiple applications across numerous industries including industrial manufacturing, automotive, petroleum & petrochemical industries, food & beverages industries and tobacco sectors among others. Thus, with consistently growing industrial sector worldwide, oil-free air compressors market would continue exhibiting promising growth over the forecast period. The oil-free air compressor market is getting compensated, especially from food & beverage industry, owing to several regulations concerning safety and hygiene.
Major players are investing in R&D for developing innovative, heat controlling and noiseless oil-free air compressors, thereby fueling market momentum. However, lack of awareness regarding the benefits offered by oil-free air compressors and its strictly balanced architecture have collectively weighed down the market growth. Price of raw materials are significantly mounting, thereby posing challenge to oil-free air compression industry.
Atlas Copco Ltd., Sundyne Company, Ingersoll-Rand plc, Maruti Air Compressor, Hitachi Industrial Equipment Systems Co. Ltd., Sullair LLC, Bambi Air Compressors Ltd., JUN-AIR / Gast Manufacturing, Inc., EKOM SPOL. S R.O., Dolphin I.P.A GmbH, Suzhou Junwei Medical Equipment Co. LT., RIX Industries, FS-Elliott, Gajjar Compressor Pvt. Ltd., Amfos International, Anest Iwata Motherson Pvt. Ltd., 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, General Electric, Ingersoll-Rand PLC, Gardner Denver And Others.
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Oil-free Air Compressors market are as follows:
Micro and macro environment factors that are currently influencing the Oil-free Air Compressors market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.