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.
U.S. Portable oil-free air compressor market share by technology, 2012 - 2022 (USD Million)
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 environmental protection can reduce the impact over the next few years.
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. The 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 the 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 petrochemical 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.
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.
Report Attribute |
Details |
Market size value in 2020 |
USD 7.9 billion |
Revenue forecast in 2022 |
USD 8.5 billion |
Growth Rate |
CAGR of 3.5% from 2015 to 2022 |
Base year for estimation |
2015 |
Historical data |
2013 - 2015 |
Forecast period |
2015 - 2022 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2015 to 2022 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Technology, application, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico |
Key companies profiled |
AireTex; Atlas Copco; Bauer Group; Frank Technologies; Ingersoll Rand; Oasis Manufacturing; Cook Compression |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
b. The global portable oil-free air compressor market size was estimated at USD 7.6 billion in 2019 and is expected to reach USD 7.9 billion in 2020.
b. The global portable oil-free air compressor market is expected to grow at a compound annual growth rate of 3.5% from 2015 to 2022 to reach USD 8.5 billion by 2022.
b. Asia Pacific dominated the portable oil-free air compressor market with a share of 31.5% in 2019. This is attributable to the increasing applications in the exploration, production, refining, and processing of crude oil & gas products.
b. Some key players operating in the portable oil-free air compressor market include AireTex, Atlas Copco, Bauer Group, Frank Technologies, Ingersoll Rand, Oasis Manufacturing, and Cook Compression.
b. Key factors that are driving the market growth include increasing need for energy-efficient compressors and low-cost portable compressors.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
ISO Certified
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.
"The quality of research they have done for us has been excellent."
The global construction industry, once thriving with increased investments, has been severely affected by the suspension of the construction activities in the wake of the ongoing pandemic. Shortage of labors coupled with potential supply chain bottlenecks of materials and equipment is expected to cause project delays in the ongoing funded projects and may lead to reduced spending in the upcoming projects. Uncertainty around the actual duration of the prevailing lockdown makes it hard to anticipate how a recovery in the construction industry will unfold. On similar lines, the HVAC industry has been adversely affected by the COVID-19 outbreak due to the shutting down of several component manufacturing facilities across China, European countries, Japan, and the U.S. This has consequently led to a significant slowdown in the production of HVAC equipment. Lockdowns imposed by the governments in the wake of the Covid-19 outbreak has not only affected manufacturing but also pegged back the consumer demand for HVAC equipment. The report will account for Covid19 as a key market contributor.
We value your investment and offer free customization with every report to fulfil your exact research needs.