Oil Free Air Compressor Global Market Report 2024

The oil free air compressor market size has grown steadily in recent years. It will grow from $14.03 billion in 2023 to $14.67 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth witnessed in the historical period can be ascribed to several pivotal factors. These encompass the increasing requirement for oil-free compressed air in applications where sensitivity is critical, the enforcement of stringent regulations governing air quality and environmental conservation, the expansion of industries demanding contamination-free compressed air, concerns pertaining to product purity and adherence to industry standards, the escalating demand within the healthcare and pharmaceutical sectors for clean air, adoption within the food and beverage processing sector to prevent product contamination, and the rising awareness regarding the benefits of oil-free compressors in minimizing maintenance costs.

The oil free air compressor market size is expected to see strong growth in the next few years. It will grow to $17.94 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be credited to several factors. These include a shift towards energy-efficient and sustainable compressed air solutions, the expansion of manufacturing industries in emerging economies, increased adoption of oil-free compressors in automotive and electronics manufacturing, rising investments in infrastructure development and construction projects, a growing emphasis on operational efficiency and cost savings, and a focus on reducing carbon footprint and emissions in industrial processes. Major trends expected during this period include the adoption of oil-free compressor technology, an expansion of demand in various industries, integration of advanced filtration systems, adoption of variable speed drive technology, incorporation of remote monitoring features, and an increasing emphasis on compliance with regulations and standards.

The upward trajectory of the automotive industry is poised to drive the expansion of the oil-free air compressor market. The automotive industry encompasses various activities, organizations, and businesses engaged in the design, development, manufacturing, marketing, and sale of motor vehicles. This industry is witnessing growth fueled by increasing demand for electric vehicles (EVs) and the integration of autonomous driving features. Oil-free air compressors play a pivotal role in ensuring the dependability, performance, and safety of numerous automotive applications, including painting and surface finishing, brake testing, and tire inflation. For example, reports from the Society of Motor Manufacturers and Traders (SMMT) in June 2023 revealed a notable surge in passenger car sales in the UK, rising by 25.8% from 2022 to 2023, underscoring the catalyst behind the oil-free air compressor market's growth.

Key players in the oil-free air compressor market are channeling their efforts towards developing advanced products, such as industrial oil-free rotary screw air compressors, to bolster their revenues. Industrial oil-free rotary screw air compressors operate without the use of oil for lubrication, utilizing intermeshing rotors to compress air between them. For instance, Kaishan USA launched the KROF series in November 2023, featuring two-stage oil-free rotary screw air compressors that produce high-quality, ISO 8573-1 Class 0 oil-free compressed air. Employing two successive compression stages, intercooling, and aftercooling, the KROF series ensures the delivery of pristine air suitable for sensitive applications where purity is imperative.

In January 2024, Atlas Copco finalized the acquisition of Hycomp, marking a strategic move to enhance the Atlas Copco Group and integrate Hycomp's technology into the Professional Air division of the Compressor Technique business area. Hycomp, renowned for its specialization in designing, producing, selling, and servicing high-pressure oil-free compressors, aligns seamlessly with Atlas Copco's objectives, strengthening its position in the oil-free air compressor market and expanding its product portfolio to cater to diverse customer needs.

Major companies operating in the oil free air compressor market are Mitsui Co. Ltd., Hitachi Industrial Equipment Systems Co. Ltd., Fusheng Precision Co. Ltd., Atlas Copco Group, General Electric Company, Ingersoll Rand plc, CIASONS Industrial Inc., Doosan Portable Power, Aerzener Maschinenfabrik, ELGI Equipments Ltd., Sullair LLC, Cook Compression, Sundyne Corp., Medo U.S.A Beverages Pvt. Ltd., Kaeser Kompressoren SE, BAUER Engineering India Pvt. Ltd., FS Elliott Co. LLC, Sullivan-Palatek Inc., Hanwha Techwin Co. Ltd., Tamturbo Oyj, Kobelco Construction Machinery Co. Ltd., AireTex Compressors LLC, Rolair Systems, Nanjing Compressor Co. Ltd., Zen Air Tech Private Limited, Frank Technologies Pvt. Ltd.

North America was the largest region in the oil free air compressor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oil free air compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the oil free air compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An oil-free air compressor is a specialized type of compressor designed to operate without oil lubrication within its compression chamber. These compressors are employed to provide dependable and contaminant-free compressed air, especially in applications where oil contamination is deemed unacceptable or undesirable due to sensitivity requirements.

Oil-free air compressor products are predominantly categorized into two main types such as stationary and portable. Stationary oil-free air compressors are engineered to compress and store air devoid of any lubricant or oil within the compression chamber. Available in a range of power ratings spanning from below 15 kW, 15-55 kW, 55-160 kW, to over 160 kW, these compressors utilize a variety of technologies including reciprocating, rotary, screw, and centrifugal. They serve diverse applications across industries such as food and beverage, pharmaceuticals, semiconductor and electronics, chemicals, oil and gas, automotive, and various others.

The oil free air compressor market research report is one of a series of new reports that provides oil free air compressor market statistics, including oil free air compressor industry global market size, regional shares, competitors with a oil free air compressor market share, detailed oil free air compressor market segments, market trends and opportunities, and any further data you may need to thrive in the oil free air compressor industry. This oil free air compressor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The oil free air compressor market consists of sales of air filters, air receivers, filter cartridges, valves, switches, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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