In a recent research report, titled, “Global Portable Oil Free Air Compressor Market Report, History and Forecast 2014-2025”, the analysts at QY Research have put forth an in-depth analysis. The research report takes an unbiased and holistic approach. It report provides a 360-degree analysis that include valuable insights to help stakeholders identify opportunities and challenges. The report also tracks the growth of key regional markets and provides in-depth segmentation along with detailed competitive landscape. In addition, it also includes key recommendations to the major players for developing winning strategies.
According to the report, the global portable oil free air compressor market is projected to be worth US$414 mn by 2025 from US$351 mn in 2018. The market is likely to register a CAGR of 2.37% throughout the forecast period.
Global Portable Oil Free Air Compressor Market: Trends and Opportunities
The global portable oil free air compressor market will gain traction due to increasing awareness for energy-efficient low maintenance devices and rapid industrialization. Growing demand for energy-efficient low maintenance devices, especially in the food & beverages industry and pharmaceutical industry is expected to drive the market growth. These compressors reduce the contamination risk for manufacturers and also deliver air without the need for separation and filtration.
In the medical sector, these devices are used to clean the air required for dentistry and also to minimize the contamination of the air. Portable oil free air compressors are also used in the process of packaging, filling & capping to enhance the product quality, and product transportation & storage, which in turn, is expected to drive the growth of the market in the coming years.
Global Portable Oil Free Air Compressor Market: Forecast by Geography
Asia Pacific is expected to witness a remarkable growth in the portable oil free air compressor market due to the growing establishment of oil refineries and petrochemical plants. Europe will grab a significant market share in the portable oil free air compressor market due to rising applications in the refining, exploration, processing of crude oil & gas products, and production. North America is also likely to have a significant growth due to growing awareness doe eco-friendly portable products.
Global Portable Oil Free Air Compressor Market: Segment Analysis
The global market for portable oil free air compressor is segmented into application and product type. The application segment includes oil, manufacturing, home appliance product, energy, and others. The product type segment includes a centrifugal type compressor, reciprocating type compressor, and rotary type compressor.
Global Portable Oil Free Air Compressor Market: Key Players
Nanjing Compressor, Atlas Copco, Anest Iwata, Ingersoll Rand, Hitachi, Sullair, Mitsui, KAESER, Aerzen, Gardner Denver, General Electric, Fusheng, and Kobelco are the major manufacturers that are operating in the global portable oil free air compressor market.