San Francisco, Sep 18 The
global oil
free air compressors market is expected to reach USD 15.2 billion
by 2025, according to a new report by Grand View Research, Inc. Air compressors
are heavily used in manufacturing applications, for instance, oil-free air is
directly used in various locations as a power source for manufacturing
machines. A strong demand from the food & beverage sector, owing to the
mandatory health & safety requirements, is expected to drive the oil free
air compressors market growth over the forecast period.
Industries
such as manufacturing are espousing economical manufacturing methods so as to
drive profitability. The surging demand for these systems from operative energy
dissemination solicitations due to cost optimizing features is predicted to
fuel the industry growth. Factors such as lower installation and maintenance
cost are expected to positively elevate the industry growth.
Browse full research report on Oil Free Air Compressor Market: www.grandviewresearch.com/industry-analysis/oil-free-air-compressors-market
Further key findings from the report suggest:
- On account of
benefits including light-weight and durability the portable oil free air
compressors emerged as a dominant segment in 2015, a trend anticipated to
continue towards the end of the forecast period.
- Centrifugal
oil free air compressors segment is expected to witness rapid growth from
2016 to 2025, which is primarily ascribed to their ability to reduce
carbon footprint ensuring clean and reliable air supply.
- The
manufacturing sector captured the largest share in 2015; however, home
appliances followed by oil & gas segment are anticipated to witness
fastest growth owing to the criticality of these products, wherein even a
droplet of oil result into the production equipment spoilage.
- Asia Pacific
is expected to emerge as the fastest growing region with a CAGR exceeding
4.0% over the forecast period, mainly on account of rapid
industrialization and expanding manufacturing sector.
- The market is
fragmented in nature and the key purveyors comprise Atlas Copco, Ingersoll
Rand, Gardner Denver, General Electric and Bauer Group among others,
wherein mergers & acquisitions along with technologically advanced
product development remain to be the key strategies adopted to gain
competitive advantage.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand
View Research has segmented the oil free air compressors market on the basis of
product, technology, application and region:
Oil
Free Air Compressors Product Outlook (Revenue, USD Million; 2014 - 2025)
- Portable
- Stationary
Oil
Free Air Compressors Technology Outlook (Revenue, USD Million; 2014 - 2025)
- Reciprocating
- Rotary/Screw
- Centrifugal
Oil
Free Air Compressors Application Outlook (Revenue, USD Million; 2014 - 2025)
- Manufacturing
- Semiconductor
& Electronics
- Food &
Beverage
- Healthcare
- Home
Appliances
- Energy
- Oil & Gas
- Others
Oil
Free Air Compressors Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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