Pune, India, Nov. 30, 2023 (GLOBE NEWSWIRE) -- The global oil-free screw compressor market size was valued at USD 2.43 billion in 2022 & market is projected to grow from USD 2.54 billion in 2023 to USD 3.57 billion by 2030, exhibiting a CAGR of 5.0% during the forecast period. Fortune Business Insights™ mentioned this in a report titled “Oil-Free Screw Compressor Market, 2023-2030.”
Oil-free screw compressor is a screw compresses the air without any help from the oil seal. A screw compressor is made from raw materials, such as aluminum & steel, as well as other parts such as bearings, crankshafts, switches, gauges, rotors, and housings. It is a positive shifting compressor because the intermeshing of rotors does not touch.
KEY INDUSTRY DEVELOPMENTS:
Sullair and Hitachi presented oil-free air compressors at the Tairos/Automation Taipei Trade Show. The visitors were allowed to explore the range of highly efficient oil-free air compressors. The exhibition aided Sullair in actively investing in the Southeast Asian market.
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Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 5.0 % |
| 2030 Value Projection | USD 3.57 billion |
| Base Year | 2022 |
| Oil-Free Screw Compressor Market Share in 2022 | USD 2.43 billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 124 |
| Segments covered | By Stage Type, By Industry, and By Region |
| Oil-Free Screw Compressor Market Growth Drivers | Growing Capital Expenditure and Hybrid Fuel Infrastructure to Escalate the Market Growth |
| Technological Upgrades for Air System Control and Management to Drive Market Growth |
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Recent industry developments include product launches, partnerships, mergers, and acquisitions.
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Drivers and Restraints:
Air System Control and Management Technology Upgrade to Accelerate Market Growth
In the fast-growing compressor sector, airflow management is a key requirement across the entire industry. Many companies in the industry offer solutions to industrial users to address complex industrial challenges and improve their operations. Furthermore, oil-efficient screw compressors with advanced technologies are designed to reduce energy consumption and operational expenses.
High maintenance costs with filter replacements to hinder the market growth.
Market Segmentation:
Single Stage to Witness Highest CAGR Owing to Cost-Effectiveness
On the basis of stage type, the market is segmented into single-stage and multi-stage.
Single stage segment dominated the market with the highest CAGR over the forecast period. These compressors consist of a single set of rotors in a single stator housing and are driven by a set of gears, which are less expensive initially than two-stage air compressors, thereby driving the oil-free screw compressor market growth.
Food & Beverages Industry to Dominate the Market Share Owing to
Based on industry, the market is divided into food & beverage, automotive, semiconductor, pharmaceutical & chemical, metal & mining, oil & gas, and others (agriculture).
The major adoption of oil-free screw compressors is done by food & beverages industry. The use and demand for packaged food increased substantially during the pandemic, changing consumer behaviour.
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Regional Analysis:
Asia Pacific to Dominate the Market Owing to the Presence of Prominent Players
Asia Pacific dominated the oil-free screw compressor market share during the projected period. The dominance of the segment is owing to the existence of prominent players in countries, such as China and India, whereas in China and Taiwan, they have a strong industrial base in the semiconductor industry.
The Europe market stood the second-highest in terms of revenue in 2022, and the market growth is driven by strict government regulations on developing compressor operating efficiencies and compliance standards.
Competitive Landscape:
Key Players Accessing the Untapped Customer Base with Cost-Effective Strategies
Key players in the market, such as Aerzen, Hitachi, Ltd, Ingersoll Rand, Atlas Copco AB, ELGi, and others, comprised a decent share of the market. The market is classified as a highly competitive market, with multiple players operating at the global level, as well as in some regions where domestic players have a significant share of the market. As part of their growth strategy, companies focus on new product introductions, partnerships, mergers, and acquisitions of businesses offering similar technologies and services to expand their business and geographic presence.
List of the Companies Operating in the Market:
- Elgi Equipments Limited (India)
- Atlas Copco AB (Sweden)
- Sullair, LLC (Hitachi, Ltd.) (Japan)
- Ingersoll Rand (U.S.)
- Kobe Steel Ltd (Japan)
- Howden Group (Chart Industries) (U.K.)
- Aerzen (Germany)
- Kaeser Kompressoren SE (Germany)
- FS-Curtis (U.S.)
- Airpack (Netherlands)
Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Supportive Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Oil-Free Screw Compressor Market Key Players Market Share Insights and Analysis, 2022
- Global Oil-Free Screw Compressor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- North America Oil-Free Screw Compressor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
-
- Key Findings
- By Stage Type (USD)
- Single Stage
- Multi Stage
- By Industry (USD)
- Food & Beverage
- Automotive
- Semiconductor
- Pharmaceutical & Chemical
- Metal & Mining
- Oil & Gas
- Others (Agriculture & Etc.)
- By Country (USD)
- U.S.
- Canada
- Mexico
-
- Europe Oil-Free Screw Compressor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
-
- Key Findings
- By Stage Type (USD)
- Single Stage
- Multi Stage
- By Industry (USD)
- Food & Beverage
- Automotive
- Semiconductor
- Pharmaceutical & Chemical
- Metal & Mining
- Oil & Gas
- Others (Agriculture & Etc.)
- By Country (USD)
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
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- Asia Pacific Oil-Free Screw Compressor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
-
- Key Findings
- By Stage Type (USD)
- Single Stage
- Multi Stage
- By Industry (USD)
- Food & Beverage
- Automotive
- Semiconductor
- Pharmaceutical & Chemical
- Metal & Mining
- Oil & Gas
- Others (Agriculture & Etc.)
-
-
-
- Key Findings
- By Stage Type (USD)
- Single Stage
- Multi Stage
- By Industry (USD)
- Food & Beverage
- Automotive
- Semiconductor
- Pharmaceutical & Chemical
- Metal & Mining
- Oil & Gas
- Others (Agriculture & Etc.)
- By Region (USD)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
-
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