Oil-free Air Compressor Market trends research and projections
Category: #business  By Rahul Varpe  Date: 2022-10-28
  • share
  • Twitter
  • Facebook
  • LinkedIn
Oil-free Air Compressor Market trends research and projections

The oil-free air compressor market is projected to witness significant growth by 2027 owing to surging awareness of the benefits of these compressors, including lower maintenance and energy costs, lesser chances of product contamination, and mitigated environmental footprint.

It can be challenging to keep the air clean in oil-run compressors, resulting in elevated costs for the equipment’s upkeep. To address this concern, companies are opting for oil-free air companies for their operations as they promote cost savings, which has favorably impacted industry expansion worldwide.

Notably, the COVID-19 outbreak massively burdened the healthcare infrastructure, especially due to the rocketing demand for medical compressed air in hospitals. Increased dependence on ventilators in healthcare settings, in particular, has played a crucial role in product adoption, thereby fueling market demand across the globe.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/460

Moreover, industry players have been focusing on product development to improve their market standing, which has positively influenced product outlook across key regions. For instance, in July 2021, FS-Curtis, a key supplier of oil-free air compressors in the North American region, launched its new line of compressors under the ECO-Turbo Series.

The advanced, oil-free, Class O compressor runs on an FS-Elliott engineered airend that makes it one of the most powerful compressors available in the market. The series offers a 185-250 kW drive power range with a final compression pressure of 125 psi and is suitable for wide-ranging applications across diverse industries that need 100% oil-free compressed air.

Request for customization @ https://www.gminsights.com/roc/460

For comprehensive assessment, the oil-free air compressor market has been segmented on the basis of product, technology, application, and region. In terms of application, the market has been divided into home appliances, semiconductor & electronics, manufacturing, food & beverage, healthcare, and others.

The oil-free air compressor market from the manufacturing application segment is estimated to grow at over 2.5% CAGR through the analysis period to reach a considerable valuation by the end of 2027. Most manufacturing companies use oil-free air compressors as a source of compressed air in production and plant processes, which is set to fuel segmental adoption in the future. Moreover, oil contamination in compressed air may lead to expensive maintenance costs and production shutdowns, which is likely to further contribute to the growing popularity of oil-free air compressors in manufacturing processes in the coming years.

From the regional perspective, the Latin America oil-free air compressor market holds a notable valuation and is calculated to progress at a steady pace over 2021-2027. In 2020, Brazil accounted for more than 60% of the regional market revenue and is a key consumer of the product across Latin America. Increasing government support to aid the expansion of the healthcare sector and rising investment from leading manufacturing and construction companies are speculated to bolster market penetration in the region over the forecast timeline.

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
By Rahul Varpe

The construction site preparation equipment market is expected to grow substantially by 2028 on account of rising number of public infrastructure development projects worldwide. In addition, increasing investments towards R&D activities from manu...

Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
By Rahul Varpe

The concrete chain saw market is slated to witness exponential growth by 2028 on account of the booming construction and building maintenance sector around the world. In addition, growing awareness regarding the benefits of using a concrete chainsaw ...

Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
By Rahul Varpe

The stand tile saw market is poised to expand substantially by 2028 on account of burgeoning number of construction activities around the globe. In addition, rapid urbanization and rising consumer spending across key regions are likely to further pro...