Portable Oil-Free Air Compressor Market Overview:
The universal portable oil -free air compressor market exceeded 5.92 million US dollars in year 2014. Rising consciousness for energy efficient low maintenance equipments and growing industrialization are expected to encourage the demand for portable oil-free air compressors. These items are experiencing significant increase in the demand from food & beverages industry and pharmaceuticals sector. Firms functioning in medical sector as well as FMCG sector utilize dry & clean air for enhancing the quality of the products.
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Rising demand for replacement and maintenance activities is predicted to stimulate the demand for the portable oil-free air compressors during the estimated period. Growing trends like new age equipments and clean air technique plus portable noise free compressors are predicted to provide profitable avenues for manufacturers of innovative devices.
Environment friendly characteristics, effective functionalities at lesser charges and retrofitting of current systems are also predicted to stimulate the demand of the portable oil -free air compressors all across the globe. Growing costs of raw materials, tough competition and noisy functionalities can hinder the growth of the global portable oil -free air compressor market. But technological modernizations, strict government rules and ecological prevention can minimize these negative effects in future due to which the demand for the portable oil -free air compressors will get momentum contributing to its future market growth and expansion.
Portable Oil-Free Air Compressor Market By Technology:
The portable oil- free air compressor market can be divided by technology into rotary, centrifugal and reciprocating section. Rotary air compressors and reciprocating air compressors are referred to as positive displacement compressors while centrifugal air compressors are classified under dynamic section or negative displacement items section.
Rotary air compressor section contributed over more than forty five percent of the global demand for portable oil- free air compressors. It was followed by reciprocating air compressor section and centrifugal air compressor section.
Positive displacement instrument works by reducing the size of the chamber filled with air whereas equipment of dynamic kind functions using centrifugal force by turning impeller for further increasing and decreasing the proportion of air that leads in air compression or compression of air.
Centrifugal air compressor section is predicted to grow rapidly during the forecasted period.
Portable Oil-Free Air Compressor Market By Application:
Application section examined in the study includes home appliances, electronics & semiconductors food & beverage, oil & gas, healthcare, energy and production. There exists higher demand and product incursion in production applications. For example, oil-free air is directly used in different places in power plants as energy for machine production.
In the healthcare section, these portable oil-free air compressors are utilized to cleanse the air needed for dentistry and are also utilized in reducing the air contamination.
In the food & beverages section, portable oil-free air compressors minimize the risk of contamination for food & beverage producers and also bring air without the requirement for separation and filtration. These portable oil-free air compressors are used in the product transmit process and packaging as well as in filling & capping for improving the quality of products and preventing the future health risks.
Portable Oil-Free Air Compressor Market By Region:
The portable oil-free air compressor market of Europe was the global market leader in year 2014 in terms of revenue. It contributed about thirty percent of global demand due to its growing uses in refining, exploration, production and processing of crude oil & gas items. Further business investments in Eastern region of Europe are predicted to offer significant chances for producers.
The portable oil-free air compressor market of APAC region is predicted to observe considerable growth due to growing presence of oil refineries and petro chemicals plants.
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Sub Continent of North America is predicted to have a moderate growth during the estimated period due to industry saturation. Regions of Latin America and Middle East as well as regions of African continent are predicted to expand at a significant rate due to growing consciousness of environment friendly portable items.
Key firms leading the global portable oil-free air compressor market includes Grainger Company, Atlas Copco, Gast Manufacturing Incorporation, Hitachi Industrial Equipment Systems Company Limited, Gardner Denver, Sullair Corporation, Frank Technologies, Hoerbiger, AireTex Compressors, Heyner, Vanair, Rolair Systems, Bauer Group, Kaeser Compressors, VMAC Company, Zen Air Tech Private Limited , Galaxy Auto Service Equipment Company Limited, Bellaire Compressors, MAT Industries LLC, Ingersoll Rand, CPI, GE Energy, Parker, Cook Compression and Oasis manufacturing.
Mergers, acquisitions, product launches and expansions are among the key strategies adopted by these firms.
Many of the leading market players Mitsubishi Heavy Industries Suzlar Limited, Ingersoll Rand and Atlas Copco have relaunched their products by introducing new characteristics and features in their products. These products are silent, compact, reliable and oil-free. So they are in high demand by the consumers and are highly accepted by the customers.
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