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Asia Pacific Oil-free Air Compressor Market Forecast 2027 By Technology (Rotary, Reciprocating, Centrifugal), By Product (Portable, Stationary), By Application (Home Appliances, Food & Beverages, Semiconductor & Electronics, Manufacturing, Healthcare, Others), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: September 2021 | Publisher: Graphical Research Report ID: GR1960 | Delivery : PDF  Request Free Sample

Asia Pacific Oil-free Air Compressor Market size surpassed USD 10.5 billion in 2020 and is estimated to witness over 3.5% CAGR from 2021 to 2027. The market growth is likely to be driven by rising demand for oil-free air compressors in applications such as healthcare, food & beverages, home appliances, and manufacturing where air quality is of utmost importance. These compressors have higher operational efficiency and are extremely reliable. Furthermore, they assure compliance with many industry requirements governing oil concentration in compressed air.

Asia Pacific Oil-free Air Compressor Market

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An increase in environmental concerns has resulted in a slew of new regulations that are aimed at ensuring better air quality. As a result, the demand for low-maintenance compressors is expected to increase substantially. Furthermore, rising attention toward CO2 emissions reduction, energy recovery, and improved energy efficiency is predicted to raise product demand. Additionally, the market growth is due to rising demand for value-added services and the requirement to monitor compressed air systems.

The Asia Pacific oil-free air compressor market size is set to expand significantly in the coming years, owing to increased demand for energy-efficient products in China, Japan, India, Australia, and Southeast Asia as a result of the rigorous implementation of environmental legislation. In addition, there will be a high demand for portable and lightweight devices to improve air quality. Increasing investments to strengthen the manufacturing facilities in Asia Pacific countries followed by increasing infrastructure development will open new opportunities for the industry.

Asia Pacific Market, By Product

In 2020, the stationary products accounted for more than 80% market share. Low operating noise, low maintenance costs, a high-quality digital system, and high-speed product features are further expected to increase segment concentration. Additionally, increasing environmental emission concerns coupled with government initiatives on energy efficiency & conservation are anticipated to open new avenues for the segment. High air-compression capacity by large tank size is poised to increase its adoption in the construction and oil & gas industries.

Asia Pacific Market, By Technology

Asia Pacific Oil-free Air Compressors Market, By Technology

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The rotary product segment generated around USD 5.5 billion revenue in 2020, due to proliferation in the manufacturing sector as they lower overall operating costs by lowering filter replacement costs and removing the compressor oil separator part.

The automotive, refining, and oil & gas industries all use centrifugal products. The rapid development of these industries is a major factor driving segment development. Centrifugal technology is commonly used in an industrial environment due to the benefits it provides such as a shorter payback period, which is an important element for consumers.

Asia Pacific Market, By Application

Asia Pacific Oil-free Air Compressors Market Estimates & Forecasts, By Application

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The food & beverage application segment will register 6% growth rate during the forecast timeframe. Compared to their oil-lubricated counterparts, oil-free compressors are lightweight, economical, and provide equal airflow & pressure, resulting in high demand from the end-user industries. The food & beverage sector reflects the growing requirement for clean air to run operations efficiently. As a result, various rules related to safety and cleanliness are being adopted in these industries, resulting in increasing product demand.

Food & beverage manufacturers use a variety of ways to introduce their products to compressed air to prevent the growth of undesirable microorganisms. Oil-free compressors give businesses the option to eliminate extra processes and costs. Due to their advantages, oil-free compressors are gradually replacing traditional compressors in the food & beverage industry.

Competitive Industry Landscape

The major players operating in the Asia Pacific oil-free air compressor industry include Frank Technologies Pvt Ltd., Boge Compressors, Zen Air Tech Pvt Ltd., Hitachi Industrial Equipment Systems Co., Ltd., Atlas Copco, Gardner Denver, ELGI Equipments Ltd., Cook Compression, and Bauer Group.
 

Frequently Asked Question(FAQ) :

The market size for oil-free air compressor in Asia Pacific was hit USD 10.5 billion in 2020 and could expand at over 3.5% CAGR up to 2027 due to wide use in healthcare, food & beverage, and other sectors where air quality is of utmost importance.
The market for oil-free air compressor in Asia Pacific is growing due to strict environmental regulations and the need for energy-efficient products in industries.
Oil-free air compressors offer robust operational efficiency, reliability, and require little to no maintenance.
Stationary products held more than 80% revenue share of Asia Pacific market in 2020 owing to strict environmental norms and government efforts to promote energy-efficiency.
Stationary oil-free air compressors are high-quality digital systems that offer high speed superior air compression capacity, lower operating noise, and reduced maintenance costs.
The market for rotary oil-free air compressors in Asia Pacific generated USD 5.5 billion revenue during 2020 owing to wide use in the manufacturing sector as they help reduce operational expenses.
The industry share for oil-free air compressor in Asia Pacific from food & beverage sector will progress at a 6% CAGR due to the need for clean air for smooth and efficient running of operations.
Frank Technologies Pvt Ltd., Hitachi Industrial Equipment Systems Co., Ltd., Zen Air Tech Pvt Ltd., Bauer Group, Cook Compression, Gardner Denver, and Atlas Copco are among the leading oil-free air compressor manufacturers in Asia Pacific.

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