Rockville, MD -- (SBWIRE) -- 08/16/2018 -- An oil free compressor is a positive displacement compressor and is similar to other compressors. It functions like other compressors and may also appear to be same from the outside. However, internally, it is designed in such a way that the oil is kept away from the compressed air. However, the moving parts require lubrication for proper functioning and to reduce the friction. The term oil free compressor refers to the air that is produced by the compressor and not the machine itself. High quality compressed air is used in a wide variety of applications in many end use industries, such as pharmaceuticals, food and beverage and electronics industries, where the air is in direct contact with goods. The air required in these industries should be of good quality and should also be constant to maintain proper hygiene. Therefore, with the growth of these end-use industries, the demand for oil free compressors is also going to be grow during the forecast period.
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Global Oil Free Compressor Market: Dynamics
The oil free compressors market is going to witness high demand from growing end-used industries, namely chemicals and pharmaceutical industries. The aforementioned industries have to face lawsuits related to poor quality due to the occurrence of oil particles in compressed air. This will uplift the demand in the oil free compressors market. Moreover, the oil free compressor market is anticipated to witness healthy demand from the food & beverage industry, which is primarily due to several regulations related to hygiene and safety that govern the sector. Additionally, government regulations related to environment protection and energy efficiency are also anticipated to boost the growth of the global oil free compressors market.
Global Oil Free Compressor Market: Segmentation
The global oil free compressor market can be segmented on the basis of type, end use industry and region.
On the basis of product type, the global oil free compressor market can be segmented into:
Rotary Screw Compressor
On the basis of end use industry, the global oil free compressor market can be segmented into:
Petrochemical and Refining Industries
Food and Beverages Industry
Electrical & Electronics
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On the basis of region, the global oil free compressor market can be segmented into:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Global Oil Free Compressor Market: Regional Outlook
In the global oil free compressor market, North America and Europe currently hold significant shares and are anticipated to grow at similar paces during the forecast period. This is mainly due to the continuously growing industrial output coupled with post economic slowdown in the developed countries of these regions. On the other hand, Asia pacific is anticipated to register robust growth during the projected period owing to the rapid growth of end-use industries, such as food and beverage, electrical and electronics and textile industries. China and India are the leading countries in the Asia Pacific oil free compressor market and are responsible for the overall growth of the market in this region. Moreover in Latin America oil free compressor market, Brazil is going to play key role in the growth of the oil free compressor market.
Global Oil Free Compressor Market: Market Participants
Names of some of the market participants identified across the value chain of the oil free compressor market are Aero Compressor Inc., Atlas Copco, General Electric, Ingersoll Rand PLC, Quincy Compressor, Anest Iwata Motherson Limited, Fs-Elliott Co., Llc, Gardner Denver, Bauer Compressor Inc, Boge, Chicago Pneumatic, Mehrer Josef Gmbh & Co. Kg., Werther International Inc., Ge Oil & Gas, Kaeser Kompressoren.
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