Oil-Free Air Compressor Industry
Description
The global oil-free air compressor market is likely to register substantial share of the global market. The growth can be majorly ascribed to the rising demand for oil-free air compressors, especially in application areas where the quality of air is highly important. The compressors provide improved operational efficiency along with highly reliable running. These factors are likely to propel the growth of oil-free air compressor market across the globe. Such factors are also augmenting their utilization in end-use industries in order to assure compliance with industry standards, specifying oil concentration level in compressed air.
Surging awareness regarding environment have led to improved air quality. Thereby, the surging demand for low maintenance compressors will bolster the sales of the product over the estimated timeframe. Some of the chief factors augmenting the growth of oil-free air compressor market constitute retrofitting of existing systems, low maintenance cost, increasing adoption of variable-speed compressors, and efficient operation at lower costs.
Surging focus on energy efficiency, reduction of CO2 emissions, and energy recovery is anticipated to bolster the product demand in the next few years. Surging demand for value-added services, along with the increasing need to monitor compressed air installations are likely to fuel the market growth in the coming years.
On the contrary, with steadily increasing prices of raw materials, the market is expected to witness a slowdown in the coming years.
Key Players Covered (Price, Sales Revenue, Main Products, Gross Margin etc.): Atlas Copco, Ingersoll Rand, Sullair, KAESER, Gardner Denver, Fusheng, Kobelco, General Electric, Aerzen, Mitsui, Hitachi, Anest Iwata, Nanjing Compressor
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Segmental Analysis
The oil-free air compressor market has been segmented on the basis of type and application.
By type, the oil-free air compressor market is segmented into below 50 HP, 50-100 HP, and above 100.
The application segment comprises pharmaceuticals, food & beverages, electronics, oil & gas, and others. Of these, the food & beverages industry witness escalating demand for clean air for efficient operations. Thus, several government regulations regarding hygiene and safety are implemented in the particular sector, thereby resulting in increased product demand.
Regional Insights
Geographically, the oil-free air compressor market spans across Europe, North America, South America, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific is anticipated to acquire the lion’s share in the global market, mainly due to the surging expenditure on infrastructural development along with manufacturing facilities.
The Middle East & Africa and Latin America are likely to register significant growth in the coming years due to changing regulatory scenario, coupled with surging awareness regarding the use of eco-friendly and sustainable products. Moreover, the soaring need to increase power generation capacities in order to meet the demands of rising population has further triggered the adoption of compressors in the region.
Regions like Europe and North America will witness substantial growth rate in the foreseeable future. However, the market shares in these regions are predicted to decline gradually due to the saturation of the end-use industries. Moreover, economic slowdown and financial crisis in Europe will impact the market growth.
Industry Updates
October 2019: Elgi Equipments, a leading air compressor maker, has recently launched a range of oil-free piston compressors, especially for the railways. This series promises its railway customers reduced maintenance cost along with enhanced maintenance schedules.
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Finally, the report provides detailed profile and data information analysis of leading Oil-Free Air Compressor company.
Key Content of Chapters as follows (Including and can be customized) :
Part 1:
Market Overview, Development, and Segment by Type, Application & Region
Part 2:
Company information, Sales, Cost, Margin etc.
Part 3:
Global Market by company, Type, Application & Geography
Part 4:
Asia-Pacific Market by Type, Application & Geography
Part 5:
Europe Market by Type, Application & Geography
Part 6:
North America Market by Type, Application & Geography
Part 7:
South America Market by Type, Application & Geography
Part 8:
Middle East & Africa Market by Type, Application & Geography
Part 9:
Market Features
Part 10:
Investment Opportunity
Part 11:
Conclusion
Continued…
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