Sellbyville, DE -- (SBWIRE) -- 11/30/2018 -- Oil-free Air Compressor Market will surpass USD 14 billion by 2024. Rising governmental regulations in several countries with regards to safeguarding the environment to mitigate the emission of harmful gasses and greenhouse effects that leads to ozone layer depletion, will propel the oil-free air compressor market demand.

Atlas Copco's latest range of VSD compressors is sending out waves of anticipation in oil-free air compressor market. Dubbed as ZR 90-160 VSD+, the Swedish giant's most recent line of oil-free rotary screw air compressors, is claimed to offer 10% more output, with over 15% energy saving as compared to other compressors available in the oil-free air compressor industry.

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The Portable Oil-Free Air Compressors Market accounted for a revenue share of over USD 2.5 billion in 2024, (hand-held or wheel mounted). The effortless handling and low maintenance offered by portable oil free air compressors will spur the product demand in near future. Based on revenue, stationary segment held approximately USD 12 billion in 2024 of the overall oil-free air compressor market share owing to its increasing applicability in the home appliances and manufacturing sector.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

Ingersoll Rand
AireTex Compressors
Atlas Copco
Bauer Group
ELGI Equipments Ltd
Boge Compressors
Cook Compression
MEDO U.S.A
Frank Technologies
Gardner Denver
GE Energy
Hitachi Industrial Equipment Systems Co., Ltd.
Kaeser Compressors
Kobelco
Oasis Manufacturing
Rolair Systems
Sullair Corp
Tamturbo Oy
Thomas Gardner Denver Inc.
Zen Air Tech Private Limited

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Atlas Copco's initiative also throws a light on the fierce competitive scenario of oil-free air compressor market and the unprecedented product developments that this vertical is presently characterized by. Citing yet another instance depicting the extent by which the market players are vying with one another to establish their stance in the dynamically intense share battle, Sullair, the U.S. based industry player has recently unveiled its latest OFD1550 oil-free portable air compressor at The Rental Show of 2018.

As claimed by the official sources, this breakthrough product comes in response to the growing demand for sensitive compressed air, especially across verticals like pharmaceuticals, food & beverage, and electronics. In fact, dedicated products are required for back-up oil-free air and oil-free plant air. The OFD1550 range aptly fits into these criteria, providing a viable solution to the consumers in the changing merchandizing spectrum.

Oil-free Air Compressor Market, By Technology

Rotary
Screw
Scroll
Others
Reciprocating
Centrifugal

Oil-free Air Compressor Market, By Application

Home appliances
Food & beverage
Semiconductor & electronics
Manufacturing
Healthcare
Medical
Dental
Others

On the basis of volume, the home appliances segment will capture significant share of over 70% in 2024 of the global oil-free air compressor market owing to its wide application in air conditioners and refrigerators for commercial as well as residential purpose. The food & beverages segment revenue will capture a comparatively lesser market share by the end of 2024 due to several regulations pertaining to safety and hygiene governing the sector.

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The oil free air compressor market competitive landscape includes key players such as Ingersoll Rand, General Electric, Hitachi Industrial Equipment Systems, Oasis Manufacturing, ELGI Equipments Limited, Cook Compression, Atlas Copco, Gardner Denver, Bauer Group, Boge Compressors, Mitsubishi Heavy Industries, Ltd to name a few.  In order to attain a dominant position in the global market, these players are focusing on research and development activities to introduce technological advancement and innovation.