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.
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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.
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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.