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Portable Oil-Free Air Compressor Market Size & Share Report, 2022

Portable Oil-Free Air Compressor Market Analysis By Technology, By Application And Segment Forecasts From 2015 To 2022

Report ID: MN17619781  |  Published: May 2020  |  No of Pages: 163
Format: Electronic (PDF)  |  Industry: HVAC (Heating, Ventilation, & Air Conditioning)  |  Publisher: Grand View Research

Industry Insights

The global portable oil-free air compressor market size was accounted for USD 6.0 billion, in 2014. The rising preference for energy-saving devices requiring less maintenance coupled with growing industrialization is expected to propel the product demand over the forecast period. These products are extensively demanded in the food & beverage and pharmaceutical industry. Companies functioning in FMCG and medical sectors use clean air for enhancing product quality.

The surging demand for replacement and maintenance activities is predicted to bode well for the market growth in the upcoming years. Changing trends such as unpolluted air technology and the latest devices including movable and noise-resistant compressors are anticipated to provide good prospects for manufacturers of advanced equipment.

U.S. portable oil-free air compressor market

Sustainable products, efficient activities at cost-effective prices, and retrofitting of legacy systems are also projected to supplement the demand for the product over the estimated years. Increasing raw material prices, intense competition, and loud operationcan restrain the market growth in the coming years. However, technological innovation, strict government norms, and sustainability can lower the impact over the estimated period.

Technology Insights

Depending on the technology, the portable oil-free air compressor market is categorized into reciprocating, centrifugal, and rotary segment. Rotary and reciprocating segment is the positive displacement compressors while centrifugal is regarded as negative or dynamic displacement centers. Rotary compressors occupied 45% market share in 2014, followed by reciprocating and centrifugal.

Positive displacement compressors work by lowering the chamber volume with air whereas dynamic compressors use centrifugal force by rotating impeller for increasing and decreasing the volume of air making it compressed air. Centrifugal compressors are anticipated to ascend with a CAGR of 4.0% in the upcoming years.

Application Insights

Based on application, the market is segregated into semiconductors & electronics, home appliances, food & beverage, manufacturing, oil & gas, and healthcare. Manufacturing application is witnessing a surging demand and extensive product acceptance. For example, oil-free air is used in several locations in the plant as a power source for manufacturing machines.

In the healthcare industry, these devices are widely used for air cleaning essential for dentistry and also used in reducing air contamination. In the food & beverage division, these compressors lower contamination risk in various for manufacturers of food & beverage and also provide air which requires no further separation and filtration. They are used in packaging, transportation, and capping & filling for enhancing the quality of the product and preventing health hazards.

Regional Insights

Europe dominated the market in 2014, occupying more than 30% of total demand due to growing preference in the processing, exploration, refining, and production of crude oil products. Further spending in Eastern Europe is estimated to offer noticeable avenues for producers.

Asia Pacific market is anticipated to ascend with a CAGR of 4% over the forecast years due to the rising incorporation of oil-refineries and petro-chemical plants.

North America is predicted to grow substantially in the upcoming years due to the permeation in the industry. Latin America and MEA are anticipated to foresee noticeable growth due to the increasing preference for sustainable products.

Competitive Market Share Insights

The key players of the portable oil free air compressor market are Ingersoll Rand, Vanair, GE Energy, AireTex, Oasis Manufacturing, Hoerbiger, Atlas Copco, Rolair Systems, Gardner Denver, Frank Technologies, Bauer Group, and Cook Compression. New product introduction, expansion, and M&A are the key strategies used by the market players.

Several key players such as Mitsubishi Heavy Industries Suzlar Ltd., Atlas Copco, and Ingersoll Rand have re-introduced their products deploying new features. These products are oil-free, reliable, compact, and silent owing to growing preference from customers.

Report Scope

Attribute

Details

Base year for estimation

2014

Actual estimates/Historical data

2012 - 2013

Forecast period

2015 - 2022

Market representation

Revenue in USD Million & CAGR in Million from 2015 to 2022

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country Scope    

U.S., Canada, Germany, U.K., China, India, Japan, Brazil, and Mexico

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors. and trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2015 to 2022. For the purpose of this study, Million Insights has segmented the global portable oil-free air compressor market on the basis of technology, application, and region:

• Technology Outlook (Revenue, USD Million, 2012 - 2022)
    • Reciprocating
    • Rotary
    • Centrifugal

• Application Outlook (Revenue, USD Million, 2012 - 2022)
    • Semiconductor & Electronics
    • Food & Beverage
    • Healthcare
    • Home Appliances
    • Energy
    • Oil & Gas
    • Manufacturing
    • Others

• Regional Outlook (Revenue, USD Million, 2012 - 2022)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

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