Oil-free Air Compressor Market Report with Future Prospects, Growth Outlook and Forecast by End of 2032
Oil-free air compressor market size is poised to reach USD 27 billion by 2032, according to the new research study by GMI Inc. The rising emphasis on continuous manufacturing of pharmaceuticals will proliferate the production of these compressors.
Oil-free air compressor market size is poised to reach USD 27 billion by 2032, according to the new research study by GMI 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.
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.
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Portable air compressors gain traction in construction and oil & gas projects
The portable oil-free air compressor market is expected to grow at a CAGR of more than 4% between 2023 and 2032. High-quality compressed air is required across multiple locations in industries such as construction and oil and gas, which contributes to the popularity of portable oil-free air compressors. This portable industrial device will gain traction as the preferred compressor option for impurities removal applications as infrastructure progress, oil and gas exploration, and construction projects increase.
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 India’s federal power agency, ten thermal power units with a total capacity of 7,010 MW are expected to be operational in FY2022–2023. The increased number of thermal power plants is expected to boost 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.
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.
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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.
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