Oil Free Air Compressor Market Size, Share & Trends Analysis Report By Product (Stationary, Portable), By Technology, By Power Rating, By Application, By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the oil free air compressor market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for oil free air compressor market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of oil free air compressor market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Oil Free Air Compressor Market Categorization:

The oil free air compressor market was categorized into four segments, namely product (Stationary, Portable), technology (Reciprocating, Rotary/Screw, Centrifugal), power rating (Below 15kW, 15-55kW, 55-160kW, Above 160 kW), application (Food & Beverage, Pharmaceutical, Semiconductor & electronics, Chemical, Oil & Gas, Automotive), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The oil free air compressor market was segmented into product, power rating, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The oil free air compressor market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into seventeen countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Spain; Italy; China; India; Japan; Australia; South Korea; Brazil; Argentina; South Africa; and Saudi Arabia

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Oil free air compressor market companies & financials:

The oil free air compressor market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Atlas Copco AB - Atlas Copco AB is a pioneer in the creation, advancement, and production of technologies for oil-free compressors. The company’s oil-free compressors have been awarded the ISO Class 0 certification, making it the first firm to achieve this recognition. In addition to renting, servicing, manufacturing, and developing assembly systems, construction systems, and industrial tools, it primarily operates in four sectors: industrial technology, power technology, vacuum technology, and compressor technology. The compressor technology division of Atlas Copco AB produces gas and process compressors/expanders, air management systems, oil and gas treatment equipment, vacuum solutions, and industrial compressors. These are primarily used in the process, gas, oil, and manufacturing industries. Their compressor systems are utilized in a variety of settings, including hospitals, trains, and ships. The company’s main competitors in this market include Parker Hannifin Corp, Sullair, LLC, Gardner Denver, Hitachi, Ltd., Kobe Steel, Ltd., Kaeser Kompressoren, and Ingersoll Rand. 

• FS Elliot Co., LLC - The firm is a producer of centrifugal gas and air compressors. Its range of products encompasses Aries desiccant dryers, regulus control systems, bespoke compressors, oil-free gas compressors, and centrifugal oil-free air compressors. FS Elliot Co., LLC also provides services such as equipment upgrades, technical assistance, lubricants, performance-related services, and spare parts. The company prides itself on integrating cutting-edge technologies like control systems and aerodynamic technologies into its gas and air compressors to guarantee maximum efficiency. In 1962, it was the pioneer in creating a multi-stage, integrally geared, oil-free, centrifugal air compressor. 

• Hanwha Power Systems CO., LTD. - Hanwha Power Systems is a subsidiary of the Hanwha Group, a firm based in South Korea that operates globally in the fields of trading and manufacturing. The group's business operations extend across various sectors, including aerospace & mechatronics, chemicals & materials, construction, solar energy, leisure & lifestyle, and finance. By integrating these businesses and affiliates, the group is able to provide sustainable energy solutions to its customers. Hanwha Power Systems specializes in the design and production of high-pressure gas compressors with large capacities. Its product range includes boil-off gas compressors, fuel gas compressors, and industrial air compressors. Since its establishment, the company has globally distributed over 5,500 air & gas compressors. It primarily serves power plants and LNG terminals & plants. Besides compressors, the company also supplies expanders and related core components to its customers. With its production facilities strategically positioned in South Korea and China, the company has succeeded in setting up eight units for customer service and sales. It has formed partnerships with companies such as Baker Hughes, a GE company (BHGE); Southwest Research Institute (SwRI); Saudi Aramco; and the U.S. Department of Energy (DOE). 

• Ingersoll Rand - This is a global enterprise that offers solutions and services aimed at enhancing industrial effectiveness and productivity through a broad array of essential and innovative technologies in the fields of medicine, energy, fluid, and air. The corporation's offerings are marketed under over 40 leading brands, such as Gardner Denver and Ingersoll Rand, which are internationally acknowledged in their respective markets and are renowned for their exceptional customer service, product efficiency, dependability, and quality. The Industrial Technologies and Services division of Ingersoll Rand designs, manufactures, distributes, and services a comprehensive range of blower, vacuum, and air compression products utilizing various technologies. The company primarily concentrates on five fundamental types of air compression technologies: centrifugal compressors, rotary vane, scroll, reciprocating pistons, and rotary screws. 

• Sullair, LLC.- Sullair, LLC. is a leading U.S. producer of industrial and commercial rotary screw air compressors, offering both stationary and portable models. The firm fabricates air compressor systems in Michigan City and provides services and distribution globally. It also operates manufacturing facilities in China, specifically in Guangdong, Shenzhen, Jiangsu, and Suzhou, catering to the Australasian and Asian markets. In July 2017, Sullair, LLC. was incorporated into the Hitachi Group and currently forms part of the compressor portfolio of Hitachi Industrial Equipment Systems Co., Ltd. 

• Kaeser Kompressoren SE - Kaeser Compressors, Inc. is a manufacturer of compressed air and vacuum products, including condensate management systems, filters, refrigerated desiccant dryers, high-speed turbo blowers, rotary screw blowers, rotary lobe blowers, oil-free reciprocating compressors, rotary screw compressors, and other associated products. The firm provides consulting, rental, and service offerings. Kaeser Compressors, Inc. operates as a subsidiary of Kaeser Kompressoren, headquartered in Coburg, Germany. The company's European production facilities encompass a group headquarters in Coburg, Germany, which produces portable and reciprocating compressors, and rotary screws, and a factory in Gera, Germany, that manufactures rotary blowers and refrigeration dryers. Additionally, the company runs a sheet metal factory, located near Coburg in Sonnefeld. 

• Doosan Portable Power -  Doosan Portable Power provides an extensive selection of portable air compressors, with capacities ranging from 100 to 365 psi and 250 to 1400 cfm. The compressors from the company have undergone stringent testing to ensure their performance under the most severe conditions, demonstrating their versatility, durability, and resilience. With over a century of application knowledge and manufacturing prowess, Doosan Portable Power is committed to delivering high-quality machinery characterized by unmatched reliability and exceptional customer service. The company's product line includes light compaction equipment, light towers, generators, and air compressors. 

• Sullivan-Palatek Inc. -  Sullivan-Palatek Inc. offers a wide range of both portable and electric rotary screw air compressors. The firm has transitioned from solely offering engineering services to its clients to becoming a manufacturer of reliable and robust machinery. The compressors produced by Sullivan-Palatek are designed for minimal maintenance. Every component can be reached via double skin-hinged doors, which also contributes to noise reduction. These components are installed on a sizable base that can be transported using a forklift. The motor, gearbox, and air ends are fitted on WVIF anti-vibration mounts to maintain low levels of noise and vibration. 

• ELGi - ELGi is a producer of air compressors, offering a comprehensive selection of advanced and inventive solutions for compressed air. The firm established its new European headquarters in Belgium in 2019. It also caters to the Indian Railways with tailor-made compressor products. ELGi manufactures a variety of products, including air compressor accessories, screw air compressors, portable compressors, diesel engine compressors, high-pressure compressors, oil-free compressors, piston compressors, and air compressors. The company produces screw compression elements in-house, utilizing state-of-the-art machining centers for the machining and rotor grinding of intrinsic castings of various sizes. Its Eta-V profile rotors are designed to compress more air while consuming less energy. The company's manufacturing facilities are equipped with high-precision, advanced CNC vertical & CNC horizontal machining centers, turning centers, and rotor grinding machines. 

• Zen Air Tech Private Limited - Zen Air Tech Private Limited is a renowned manufacturer and exporter of air dryers, vacuum pumps, booster compressors, and air compressors, along with their associated accessories and replacement parts. The firm boasts high operational efficiency with minimal relevant horsepower, and its product line is available in a range of operational parameters to cater to the needs of the market. During its initial phase, the company started producing its range of products under the "JK Pneumatics" brand, which included various kinds of vacuum pumps, air compressors, and spare parts with horsepower ranging from 1 to 20 HP.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Oil Free Air Compressor Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Oil Free Air Compressor Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.