Increasing Demand for Pure & High Quality Air to Drive the Growth for Global Oil Free Air Compressor Market
Oil free air compressors prevent manipulation of air in order to maintain its purity by not using oil for lubrication on the cylinder walls. The oil free air compressor market is expected to grow at steady pace owing to increasing usage in end use industries such as electronics, manufacturing, food & beverages, oil & gas etc. where pure and high quality air is required, as air contamination with oil can cause product spoilage and even damage production equipment. Various industries have developed stringent quality standards such as ISO 8573-1 Class Zero to ensure safety of both manufacturing processes and end customers. This in turn, has boosted demand for oil free air compressors. However, the unprecedented impact of coronavirus pandemic on the global economy is set to hinder adoption of the oil free air compressor during upcoming couple of fiscal quarters. Therefore, the global oil free air compressor market is poised to witness sluggish growth in near future, however, in long run the market will create significant opportunities.
Oil Free Air Compressor Market: Market Segmentation
For a better understanding, global oil free air compressor market is being studied under product, type, end use industries & Region.
Based on the product, the oil free air compressor market can be segmented as:
- Stationary Oil Free Air Compressor
- Portable Oil Free Air Compressor
Based on the type, the oil free air compressor market can be segmented as:
- Centrifugal Compressor
- Rotary (Screw) Compressor
- Reciprocating (Piston) Compressor
Based on the end use industry, the oil free air compressor market can be segmented as:
- Food & beverages
- Oil & gas
Asia Pacific to Accumulate Majority Chunk of the Global Oil Free Air Compressor Market Revenue Pie
Asia Pacific is the leader in the consumption of the oil free air compressors in the global market. This is attributed to rapid growth in the industrial, electronics, and manufacturing activities in the region in past few years. China has become the electronics manufacturing hub of the world which has created huge opportunities for the oil free air compressor manufacturers. Europe, led by rapid industrialization has also contributed significantly to the global oil free air compressor market. However, the outbreak of the coronavirus has put some barriers on the oil free air compressor market such as economic uncertainty, disturbed supply chain and insufficient inventory which has caused latency in the market. Although, the market is poised to rebound in long run to create significant opportunities.
COVID-19’s Impact on the Global Oil Free Air Compressor Market
The outbreak of coronavirus has caused adverse impact on the business economy of the globe. Most of countries have imposed complete nationwide lockdown to stop the spread of COVID-19 which has posed serious threat of global economic slowdown akin to the 2008 sub-prime crisis. No industry is untouched of this pandemic including the oil free air compressor market. Leading players in the market had to shut down production. For instance, in March 2020, Atlas Copco, a leading oil free air compressor manufacturer stopped production at its compressor manufacturing plant at Antwerp, Belgium. Such developments in the market is poised to create financial insecurity for the market players which is poised to impact drastically on the growth of the global oil free air compressor market in the near future.
The Oil Free Air Compressor Market Competitive Landscape
The global oil free air compressor market is highly consolidated as well competitive in nature. Leading players are introducing new products in order to maintain their position in the market. For instance, in December 2018, Aggreco launched new line of oil free air compressors. Some of the other players in the global oil free air compressor market are Atlas Copco, HTE Technologies, Kaeser Compressors, ELGI Equipments Ltd, Boge Compressors, Kobe Steel Ltd., MEDO U.S.A., Frank Technologies Pvt. Ltd., Gardner Denver, Hitachi Industrial Equipment Systems Co., Ltd., Rolair Systems, Sullair LLC, Tamturbo, Zen Air Tech Private Limited, Werther International, Aerzen, Doosan Portable Power and FS-Elliot Co., LLC. etc.
The research report presents a comprehensive assessment of the oil free air compressor market and contains deep insights, facts, historical and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to oil free air compressor market segments such as by oil free air compressor unit, power source, end use & region.
The Oil Free Air Compressor Market report covers exhaustive analysis on:
- Oil Free Air Compressor Market Segments
- Oil Free Air Compressor Market Dynamics
- Oil Free Air Compressor Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis for Oil Free Air Compressor Market includes:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of Latin America)
- Europe (EU-4, BENELUX, Nordic, U.K., Eastern Europe, Rest of Europe)
- East Asia (China, Japan & South Korea)
- South Asia (India, Malaysia, Thailand, Indonesia & rest of South Asia)
- Oceania (Australia & New Zealand)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa, Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on oil free air compressor market segments and geographies.
- Detailed overview of parent market
- Changing oil free air compressor market dynamics in the industry
- In-depth oil free air compressor market segmentation
- Historical, current and projected oil free air compressor market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key oil free air compressor players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on oil free air compressor market performance
- Must-have information for oil free air compressor market players to sustain and enhance their market footprint.
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