A compressor is a pre-lubricated mechanical device that operates without using oil by enhancing the pressure of a gas by reducing its volume. These are designed to operate without oil in the compression chamber. The power of an oil free compressor is measured in CFM (cubic feet per minute of intake air and HP (horsepower). As most of the industrial processes have zero tolerance towards oil in its end product, adoption of oil free compressor across the globe has been increasing. These are available with minimal number of moving parts, ensuring a long operating life with limited service interventions. This is encouraging end users to opt for oil free compressor across the globe.
Rise in demand for the cost-effective energy-efficient compressor by the end-users, dependency of end-users on oil free compressors for processing, and regulatory bodies emphasizing to maintain acceptable air quality standards for critical application are some of the key drivers of the market. Moreover, rise in construction of wide range of the industries is expected to boost the market during the forecast period. However, high price, risk associate with product handling and cost require for maintenance of oil free compressors is likely to restrain the market in the near future.
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Nevertheless, development of products with innovative design, configuration with advanced technology, enhancement of product efficiency, targeting the new industrial base and far reaching of products through convenient distribution channel are expected to offer significant opportunities to the oil free compressor market during the forecast period.
The global oil free compressor market can be segmented based on portability, type, stage, end-use, distribution channel, and region. Based on portability, the market is segmented into stationary and portable. Based on type, the market can be bifurcated into reciprocating, rotary screw, and rotary centrifugal. Based on stage, the global oil free compressor market is segmented into the single stage and two stages. Based on end-use, the global oil free compressor market can be split into food and beverage, chemical and petrochemical processing, automotive paint spraying, electronics manufacturing, healthcare, textile manufacturing, and others. In terms of distribution channel, the global oil free compressor market can be categorized into the online channel and offline channel. The online segment can be further sub-segmented into company websites and e-commerce sites.
Based on the region, the global oil free compressor market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Oil free compressor market in North America is expected to gain demand owing to strict government policies that emphasizing for energy conservation. In Europe, rise in popularity of oil free compressors among the end users owing to awareness for maintaining air quality standards, and the end user found it to be reliable in processing has fueled the usage of oil free compressors.
In Asia Pacific, robust growth in the industrial sector has propelled the demand for oil free compressors. Additionally, End users considered it to be reliable for having better performance as it found to be satisfactory in usage among the users and rise in adoption of product owing to environmental standard set by government bodies to improve air quality is likely to boost the sales of oil free compressors in the region. In Middle East & Africa, rise in penetration of wide range of industries across the region is expected to fuel the demand for oil free compressors among end-users. In South America, increase in pharmaceuticals, chemical, and food & beverages sector is expected to drive the oil free compressor market in the region during the forecast period.
Major players operating in the global oil free compressor market includes Gardner Denver Holdings, Inc., Aerzener Maschinenfabrik GmbH, Atlas Copco Group, Ingersoll-Rand plc, Powerex Inc., Howden Group, Chicago Pneumatic, Fusheng Co., Ltd., Werther International Inc., Hycomp Inc., Hitachi, Ltd., General Electric Company, and Bauer Compressors, Inc.
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