Oil-free air compressor, also termed as water-injected compressor (WIS), involves water injection instead of oil in compression chamber. This restricts oil from mixing with compressed air & drain water, thereby offering pollutant free and cost effective processes. Growing awareness regarding environment preservation, in terms of eliminating air and water pollutants (e.g. oil), is expected to continue driving the oil-free air compressors market growth in coming years. Low installation, maintenance and energy cost too form some of the major factors propelling the demand for oil-free air compressors. Increasing demand for air compressors, especially from the heavy industries, is also one of the most prominent factor stimulating the market growth.
According to product type, the market is segmented into stationary and portable oil-free air compressors. Stationary air compressor has higher market share compared to portable compressors as it offers larger tank size and hence higher air-compression capacity. Nevertheless, due to low maintenance, convenience in handling and wide array of application area, portable oil-free air compressors are set to witness strong demand in the following years.
Oil-free air compressor is a universal product having multiple applications across numerous industries including industrial manufacturing, automotive, petroleum & petrochemical industries, food & beverages industries and tobacco sectors among others. Thus, with consistently growing industrial sector worldwide, oil-free air compressors market would continue exhibiting promising growth over the forecast period. The oil-free air compressor market is getting compensated, especially from food & beverage industry, owing to several regulations concerning safety and hygiene.
Major players are investing in R&D for developing innovative, heat controlling and noiseless oil-free air compressors, thereby fueling market momentum. However, lack of awareness regarding the benefits offered by oil-free air compressors and its strictly balanced architecture have collectively weighed down the market growth. Price of raw materials are significantly mounting, thereby posing challenge to oil-free air compression industry.
The global oil-free air compressors market is segmented on the following bases:
- Product Type
- Industry Vertical
- Semiconductor & Electronics
- Home Appliances
- Food & Beverages
- Manufacturing & Processing
- Metals & Mining
- Oil & Gas
- Other (Power Generation, Textiles etc.)
- North America
- Rest of Europe
- Asia Pacific
- South Asia
- Rest of Asia Pacific
- Rest of the World (RoW)
- Middle East & Africa (MEA)
- Latin America
Key players identified for oil-free air compressor market include but are not limited to:
Atlas Copco Ltd., Sundyne Company, Ingersoll-Rand plc, Maruti Air Compressor, Hitachi Industrial Equipment Systems Co. Ltd., Sullair LLC, Bambi Air Compressors Ltd., JUN-AIR / Gast Manufacturing, Inc., EKOM SPOL. S R.O., Dolphin I.P.A GmbH, Suzhou Junwei Medical Equipment Co. LT., RIX Industries, FS-Elliott, Gajjar Compressor Pvt. Ltd., Amfos International, Anest Iwata Motherson Pvt. Ltd. and others.