Oil-Free Screw Compressors Market

Oil-Free Screw Compressors Market Market Size

Oil-Free Screw Compressors Market is anticipated to grow at a CAGR of 6.7% in the forecast period (2024-2034), with the market size valued at USD 4.6 billion in 2023 and projected to reach USD 9.4 billion by 2034.

Oil-Free Screw Compressors are air compressors which are designed to supply compress air without the use of oil present in the compression chamber. Unlike traditional compressors, which use oil, oil-free compressors provide help in achieving compression without introduction of oil in the air stream. These compressors are typically made up of alloys like aluminium, stainless steel and special alloys, with the help of precision-engineered components including two intermeshing helical rotors. These compressors are widely used in various industries like medical, food and beverage and manufacturing industries.

Market Highlights 

Oil-Free Screw Compressors Market is expected to exhibit a CAGR of 6.7% during the forecast period, 2024-2034

Oil-Free Screw Compressors Market is anticipated to reach USD 9.4 billion, growing at a CAGR of 6.7% during the forecast period, owing to the technological developments and wide industry requirement for better quality products. The recent developments in the Single and Multi-Stage are fuelled specially by industries such as Food & Beverages and Healthcare have been the reasons for such imminent market growth. These Compressors are used in the Food & Beverages for packaging and maintaining hygiene in their products and in healthcare industry they are used for medical infrastructure, dental procedure, medical imaging and respiratory therapy. Additionally, the integration of technologies in these system have helped the market growth.

Source: Fatpos Global

Oil-Free Screw Compressors Market Segmentation

Single Stage Segment will dominate due to high market demand

By Stage, Oil-Free Screw Compressors Market is categorized into Single Stage and Multi Stage. The Single Stage Segment dominates the market due to various factors including its versatile use in settings such as homes, small-business, repair shops and medical and dental practices. Compared to multi-stage compressors they are significantly cheaper to purchase and maintain, and their flexibility and portability make them easier to operate. Single Stage compressors have been the market choice for ages and are easily available. Technological innovations have also made these compressors cheaper and affordable than ever.  

Food and Beverage Industry dominates the market due to Industrial Standards

By Application, the Oil-Free Screw Compressors Market is categorized into Food and Beverage, Manufacturing, Power Generation, Healthcare and Others. Food and Beverage Industry dominates the market due to its stringent quality control measures to ensure product safety and quality. Oil contamination can effect a products quality, and shelf-life. Oil-Free Air Compressor eliminate such severe risks. They are used in packaging, bottling, product processing, sanitation and handling. Oil free air compressors come with advantages such as low maintenance cost and improved energy efficiency. Growing demand for safe and healthy food among the consumers is helping the growth of oil-free air compressors.

Source: Fatpos Global

Market Dynamics

Growth Drivers

Growing Industrialization all over the globe will drive market growth

Increasing Industrialization all over the globe and ongoing changes in the developing nations is the major reason for sudden surge in demand for oil-free screw compressors. The major shift towards such compressors rises due to the increased demand for clean air in the manufacturing process. In manufacturing any product, the companies prioritise in making quality products, the quality of air used must meet certain industrial standards. Oil-free scree compressors play an important role, by ensuring clean compressed air is delivered which should be free from any contaminants particularly oil. The growing requirement for clean air in manufacturing is not only driven by quality requirements but also by the need to comply with necessary environmental and regulatory standards. Industries are proactively trying to minimize their environmental footprint, and the use of oil-free compressors help in achieving these sustainability goals by eliminating the risk of oil emissions into the air.

Technological advancements in Oil-Free Screw Compressors will help in market expansion

Innovations in compressor technology play a important role in the oil-free screw compressors market. These advancements are multidimensional, aiming to enhance efficiency, reduce energy consumption, and improve overall performance. Technological progress includes optimizing energy efficiency through advanced rotor profiles and precision engineering, minimizing energy losses during compression. The integration of Variable Speed Drives (VSD) stands out as an important factor, which helps compressors to adjust speed, improving efficiency and extending compressor lifespan. Additionally, the incorporation of smart technologies and Internet of Things (IoT) capabilities assists with monitoring and maintenance. IoT-enabled sensors facilitate real-time data collection for remote monitoring, enabling predictive maintenance strategies that help in minimizing time-span.

Restraints

High Initial Costs may hinder market growth affecting small scale enterprises.

The high initial investment in the oil-free screw compressors presents a substantial challenge, particularly for small and medium-sized enterprises (SMEs). Unlike traditional compressors, oil-free screw compressors are designed to provide contaminant-free air supply, making them essential for industries where air quality is necessary. However, the advanced engineering and precision required to eliminate oil from the compression process contribute to a higher manufacturing cost. SMEs, often operating with limited financial resources, may find the investment for oil-free compressors comparatively expensive and financially unsound.

Recent Developments

• In 2023, Atlas Copco Launched GA 350+ and GA 550+ oil-free screw compressors with advanced energy-saving features and acquired Berger Group, a leading provider of air treatment solutions, to strengthen its oil-free air offering.
• In 2023, Ingersoll Rand introduced its MicroStar and ES Series oil-free screw compressors for smaller air flow needs in various industries.
• In 2023, Gardner Denver, launched their i-Series oil-free screw compressors with integrated variable speed drive (VSD) for better efficiency and performance and have prioritized investing in research and development of oil-free compressor technologies for high-pressure applications.
• In 2023, Kobelco Compressors introduced the HiRES-500 oil-free screw compressor with advanced noise reduction features for sensitive work environments and are trying to expand their presence in the emerging markets.
• In 2023, Sullair invested in the CSDX oil-free screw compressors for continuous operation and high-pressure requirements and are focusing on developing lightweight compressors for better portability.

Oil- Free Screw Compressors Market

Key Players:

• Atlas Copco
• Ingersoll Rand
• Gardner Denver
• Kobelco Compressors
• Sullair
• Kaeser Compressors
• BOGE Compressors
• Quincy Compressor
• Hitachi Industrial Equipment Systems
• Rolair Systems
• Mattei Compressors
• Anest Iwata Corporation
• Dalgakiran Compressors
• Hanwha Techwin
• Emerson Electric Co.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Oil-Free Screw Compressors Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The Asia Pacific region dominates the market, driven by rapid industrialization in countries like India and China and boosted demand for oil free compressors in various industries. Major oil-free compressor manufacturers, such as Atlas Corp. and Sullair, are based in this region. Infrastructure Investments in the Asia-Pacific Region are creating opportunities for oil-free compressors in the construction and building projects. Some country governments in the Asia-Pacific region are promoting energy efficiency and sustainability, thus giving importance to air compressors due to their reduced emissions and low energy consumption. Both North-American and European region are experiencing steady growth due to stringent government policies aimed at developing efficient compressors, necessary for work place safety measures. This trend will likely have a positive impact on the market during the forecast period.

Source: Fatpos Global

Impact of Covid-19 on Oil-Free Screw Compressors Market

The COVID-19 pandemic has significantly impacted the oil-free screw compressor market, causing disruptions in the supply chain, reducing industrial activities, and delays in capital expenditure projects for various industries. Lockdowns and travel restrictions affected manufacturing and production schedules, leading to challenges in the availability of components crucial for compressor production. A shift in priorities towards essential industries, a rise in remote work jobs, and increased focus on sustainability further influenced the market dynamics. The governments of various countries launched revival packages in order to help the industry to come back in the same position.

Oil-Free Screw Compressors Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Oil-Free Screw Compressors Market Scope and Segments:

Frequently Asked Questions (FAQ):