The global portable oil-free air compressor market exceeded USD 6.0 billion in 2014. Growing awareness for energy efficient low maintenance devices and increasing industrialization are anticipated to drive demand. These products are witnessing a significant surge in demand from the pharmaceutical and food & beverages industry. Companies operating in medical and fast-moving consumer goods (FMCG) sectors use clean and dry air for product quality enhancement.
Growing demand for maintenance and replacement activities is estimated to drive demand over the forecast period. Increasing trends such as clean air technology and new-age devices including portable and noise-free compressors are expected to offer lucrative opportunities for producers of innovative equipment.
Eco-friendly features, efficient operations at lower costs and retrofitting of existing systems are also expected to drive demand. Rising cost of raw materials, high competition, and noisy operation can hamper the portable oil-free air compressor market. However, technological advancements, stringent government regulations, and environment protection can reduce the impact over the next few years.
U.S. Portable oil-free air compressor market share by technology, 2012 - 2022 (USD Million)
The industry can be categorized by technology into reciprocating, rotary and centrifugal segment. Reciprocating and rotary air compressor are termed as positive displacement compressors whereas centrifugal fall under the dynamic category or negative displacement products. Rotary air compressor market accounted for over 45% of the overall demand in 2014, followed by centrifugal and reciprocating.
Positive displacement equipment works by decreasing the volume of a chamber filled with air whereas negative or dynamic types utilize centrifugal force by spinning impeller for further increase and decrease the amount of air resulting in compressed air. Centrifugal compressor market is expected to grow at a CAGR of over 4.0% over the forecast period.
Application sectors analyzed in the study include semiconductors & electronics, healthcare, food & beverage, energy, home appliances, oil & gas, and manufacturing. There exist high demand and product penetration in manufacturing applications; for instance, oil-free air is directly used in various locations in plants as power for manufacturing machines.
In the healthcare sector, these devices are used to clean the air required for dentistry and are also used in minimizing the contamination in the air. In food & beverage sector, oil-free compressors reduce contamination risk for food & beverage manufacturers and also deliver air without the need for filtration and separation. They are used in the process of product transportation and storage, packaging, filling & capping for improving the product quality and avoiding potential health hazards.
Europe portable oil-free air compressor industry led global revenue in 2014, accounting for over 30% of the overall demand owing to increasing applications in the exploration, production, refining, and processing of crude oil & gas products. Further investments in Eastern Europe are expected to provide significant opportunities for manufacturers.
Asia Pacific portable oil-free air compressor market is expected to witness substantial growth at a CAGR of over 4% owing to increasing establishment of petro-chemicals plants and oil-refineries.
North America is anticipated to have moderate growth over the forecast period owing to saturation in the overall industry. Latin America and the Middle East & Africa are expected to grow at a considerable growth owing to increasing awareness for eco-friendly portable products.
Competitive Market Share Insights
Companies dominating portable oil-free air compressor market share include AireTex, Atlas Copco, Bauer Group, Frank Technologies, Ingersoll Rand, Oasis Manufacturing, and Cook Compression. Acquisitions, product launch and expansion are among the major strategies adopted by these companies.
Several leading players such as Ingersoll Rand, Atlas Copco, Mitsubishi Heavy Industries Suzlar Ltd. have re-launched their products incorporating new features. These products are reliable, silent, compact and oil-free, and have therefore witnessed increased adoption among end-users.
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