Oil-Free Air Compressor Market Share

North American Market Forecast

The market share of oil-free air compressor in North America, amongst the market in all the other regions, is projected to have the highest growth by the end of 2037, backed by growth in industries such as manufacturing, healthcare, energy, and oil & gas, along with growing investment in these sectors. These compressors are highly favored for reasons that include such efficient operation at lower prices, superior performance at varying speeds, and a decreased need for repair and maintenance. Also, the oil-free air compressor market in the United States and Canada has remained close to saturation and would keep showing the same pattern without any obvious fall. Further, the growing automobile industry is this region is also estimated to boost the market for oil-free air compressor. Moreover, the demand for backed food such as cake, breads, biscuits, and more is growing. In 2020, about 325 million Americans ate bread. In 2024, this number is anticipated to rise to approximately 334 million. After baking, baked foods are removed from the oven and cooled using compressed air. Air contamination ruins the finished product, resulting in rejections and production losses. Hence, the demand for oil-free air compressor is high.

Europe Market Forecast

The European oil-free air compressor market is estimated to be the second largest, to grow at a highest share. Conventionally, Europe has been among the most secure markets for oil-free air compressors. Despite varied sales across the region as a result of the unstable economic climate, it continues to be one of the largest markets for oil-free air compressors. With a number of manufacturing hubs, Germany and the United Kingdom continue to be the most promising nations for forthcoming sales and demand of oil-free air compressors. When compared to traditional air compressors, the oil-free air compressor uses less energy, which results in low carbon emissions and cost effectiveness over the course of the product life cycle. These compressors are projected to be more widely adopted in a variety of end user sectors in accordance with industry standards owing to their improved operational efficiency. The need for low-maintenance compressors has increased in Europe as a result of growing environmental consciousness and laws.

APAC Market Statistics

Additionally, the market in Asia Pacific region is also estimated to have a significant growth over the forecast period. A multitude of new laws that are intended to ensure better air quality have been created as a response of growing environmental concerns. As a result, it is anticipated that there would be a significant increase in the demand for oil-free air compressor. Additionally, it is anticipated that increased interest in CO2 emissions reduction, energy recovery, and enhanced energy efficiency is anticipated to increase product demand in the region. Also, the market is expanding as a result of the growing demand for value-added services and the necessity to monitor compressed air systems.