Analysis of the Global Oil-free Compressors Market
The global oil-free compressors market generated revenue of $ million in 2014 and is expected to expand at a compound annual growth rate (CAGR) of % from 2014 through 2019.
The need for oil-free compressed air in various processes of the food & beverage industry, life sciences chemical factories, and in some applications of power generation and oil and gas are likely to ensure the growth of the oil-free compressors market over the forecast period.
Oil-free compressors produce pollutant-free air and are highly energy efficient and eco-friendly. Such compressors save million tons of carbon dioxide from escaping into the atmosphere. Clean air is required by end-user industries for oil-free quality production, which also drives the growth of oil-free compressors.
Although the oil-free compressors market is mature in regions such as North America and Europe, the need for greater energy efficiency and compliance with environmental regulations prompts end users to upgrade their compression systems. This drives the growth of the oil-free compressors market.
The production of shale in North America has renewed market opportunities in this region while Europe continues to remain a mature market. High growth rates have been observed in Asia-Pacific (APAC), as urbanisation increases the need for infrastructure.
Market participants such as Atlas Copco, Ingersoll Rand, Gardner Denver, and Kobelco together account for a % share of the market while the rest is contributed by other tier 1 companies and tier 2 companies.
About this report
This study provides an analysis of the global oil-free compressors market. The market drivers and restraints have been provided for the forecast period, which runs through to 2020, with 2014 as the base year. The revenue and market share have been discussed with regard to the type of compressor (which includes rotary screw, reciprocating, and centrifugal oil-free compressors) as well as end users. The key end-user industries including food and beverage, life sciences, power generation, electronics, textiles, and others have also been analysed. A detailed regional breakdown covering North America, Europe, the Middle East and Africa, Asia-Pacific, and Latin America has been provided with revenue forecasts for both product type and end-user industries. Trends by technology and pricing have also been discussed.
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