Oil-free Air Compressor Market Trends Shows a Steady CAGR Growth to 2024

digvijacha (7)in #construction • 6 years ago

MarketStudyReport.com present the report on global Oil-free Air Compressor Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

Oil-free Air Compressor Market will surpass USD 14 billion by 2024. Based on technology, the global oil-free air compressor market has been segmented into three major categories, namely, reciprocating, rotary, and centrifugal. The U.S. reciprocating segment is said to witness growth at a moderate pace and accounted for over 30% share in the overall industry in 2017.

This report focuses on the top Manufacturers and players in global market are given bellow:-

General Electric, Hitachi Industrial Equipment Systems, Ingersoll Rand, Oasis Manufacturing, ELGI Equipments Limited, Cook Compression, Atlas Copco, Gardner Denver, Bauer Group, Boge Compressors, Mitsubishi Heavy Industries

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Oil-free Air Compressor Market Size By Product (Portable {Ultrasonic, Cool Mist, Warm Mist}, Whole House {Bypass, Fan-Powered, Steam})

By Application (Residential, Commercial/Industrial)

Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Netherlands, Spain, Turkey, Sweden, China, Japan, India, South Korea, Indonesia, Australia, Vietnam, Thailand, Malaysia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa)

Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024

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Further, oil-free air technology helps to avoid expensive filter replacements thereby, cutting the cost of oil condensate treatment and reduction in energy lost from pressure drop in filters. In addition, low installation & maintenance cost, portability, energy efficiency and ability to supply variation in pressure will augment the market growth. Rising manufacturing activities in industrial and non-industrial processes particularly in developing countries will strengthen the global oil free air compressor demand in the coming years.

Some restraints associated with the oil-free air compressor market are expensive raw material, noise pollution, bulky size and also the wear and tear caused due to non-lubrication will lead to friction between machine parts. These factors will hinder the global oil-free air compressor market growth in near future.

Based on revenue, stationary segment held approximately USD 12 billion in 2024 of the overall oil-free air compressor market share owing to its increasing applicability in the home appliances and manufacturing sector. The portable oil-free air compressors segment accounted for a revenue share of over USD 2.5 billion in 2024, (hand-held or wheel mounted). The effortless handling and low maintenance offered by portable oil free air compressors will spur the product demand in near future.

On the basis of volume, the home appliances segment will capture significant share of over 70% in 2024 of the global oil-free air compressor market owing to its wide application in air conditioners and refrigerators for commercial as well as residential purpose. The food & beverages segment revenue will capture a comparatively lesser market share by the end of 2024 due to several regulations pertaining to safety and hygiene governing the sector.

Based on volume, Asia-pacific led by China will exhibit growth with a CAGR of over 4% owing to significant demand from the oil & gas industries along with adoption of variable speed air compressor. North America rotary scroll oil-free air compressor market accounted for over USD 215 million in 2024 and will exhibit growth with a CAGR of close to 4 %.

Report Structure on Few Table of content:

Chapter 3. Oil-free Air Compressor Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Raw material analysis

3.3.2. Manufacturing trends

3.3.3. Profit margin

3.3.4. Value addition

3.3.5. Distributor channel analysis

3.3.6. After sales service

3.4. Raw material trends

3.5. Innovation & sustainability

3.5.1. Patent analysis

3.5.2. Technology landscape

3.5.3. Production process

3.5.4. Comparison of different equipment

3.5.5. Future trends

3.6. Industry impact forces

3.9.1.1. R & D cost

3.9.1.2. Manufacturing & equipment cost

3.9.1.3. Raw material cost

3.9.1.4. Distribution cost

3.9.1.5. Operating cost

3.9.1.6. Miscellaneous cost

3.9.2. Price by product

3.9.3. Price by technology

3.9.4. Price by application

3.10. Competitive landscape, 2016

3.10.1. Company market share analysis, 2016

3.10.1.1. Global

3.10.1.2. Regional

3.10.2. Brand analysis

3.10.3. Key stake holders

3.10.4. Strategy dashboard

3.11. Porter’s analysis

3.11.1. Supplier power

3.11.2. Buyer power

3.11.3. Threat of new entrants

3.11.4. Industry rivalry

3.11.5. Threat of substitutes

3.12. PESTEL analysis

Chapter 4. Oil-free Air Compressor Market, By Product

4.1. Global oil-free air compressor market share by product, 2017 & 2024

4.2. Portable

4.3. Stationary

Chapter 5. Oil-free Air Compressor Market, By Technology

5.1. Global oil-free air compressor market share by particle size, 2017 & 2024

5.2. Rotary

5.2.3. Screw

5.2.4. Scroll

5.2.5. Others

5.3. Reciprocating

5.4. Centrifugal

Chapter 6. Oil-free Air Compressor Market, By Application

6.1. Global oil-free air compressor market share by application, 2017 & 2024

6.2. Home appliances

6.3. Food & beverages

6.5. Manufacturing

6.6. Healthcare

6.6.3. Medical

6.6.4. Dental

6.6.5. Others

6.7. Others (construction, water treatment, agriculture, etc.)

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