Oil-free Air Compressor Market trends research and projections for 2018- 2024

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Oil-free Air Compressor Market research report by
2018 to 2024 Global Market Insights, Inc.
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• Global Market Scenario of Hvac Industry

• Oil-free Air Compressor Market to surpass USD 14
  billion by 2024 according to a new research
  report by Global Market Insights, Inc. Major
  countries round the world are closely monitoring
  their manufacturing facilities to reduce the
  amounts of greenhouse and other harmful gases
  released into the atmosphere.
• Power and electricity usage has a direct impact
  on the generation and emission of CO2 which
  further results in global warming.
• Oil-free air compressor market is further driven
  by its increasing usage in robotics and
  automation. These fields are gaining popularity
  in several parts of the society, especially in
  the manufacturing and oil gas sector.
• Robotics used in manufacturing sector, better
  known as industrial robotics find various
  applications in in painting, assembly, packaging,
  labeling, material handling, etc.
• The risk of wear tear of the machine is a
  concerning issue for the global oil-free air
  compressor market.

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• These factors will act as hinderances for the
  industry growth in the coming days. Oil-free air
  compressor market will exhibit growth throughout
  the next six years owing to its lesser emissions
  than the other compressors used in the end-user
  industries.
• With over 80 of the industry share, stationary
  oil-free air compressor market will witness
  growth at a moderate rate owing to its huge
  market share.
• The portable product segment will account for
  over USD 2.5 billion by the end of the forecast
  span owing to its rising usage in the oil gas,
  mining, and construction sector.
• Based on revenue, the global centrifugal oil-free
  air compressor market registered a growth to
  capture over USD 5.5 billion in 2017 and is said
  to surpass USD 7.5 billion by the end of 2024.
• The rotary segment held a share of approximately
  60 in global market and will grow with a highest
  CAGR in the coming days.

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• 360 Industry Analysis

• Based on volume, the manufacturing segment will
  capture a over 10 of the oil-free air compressor
  market share. The healthcare segment is said to
  poise over USD 7.5 billion by 2024 owing to huge
  application of the product in this sector and the
  increased cost associated with it.
• Rising manufacturing activities in the developed
  as well as developing countries will foster the
  industry demand in the coming years.
• The lubrication present in these machines are
  generally water or air which leads to friction
  and a certain level of wear, resulting in machine
  repairs, part replaces, and noise generation.

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• Regional Analysis

• Considering volume, North America, led by the
  U.S., will exhibit growth with a CAGR of close to
  3.5.
• The North America rotary screw technology segment
  accounted for over USD 300 million in 2017 and
  will capture close to USD 400 million by the end
  of 2024.

• Competitive Analysis

• Key manufacturers in the oil-free air compressor
  market include Gardner Denver, Boge Compressors,
  Bauer Group, Frank Technologies, Atlas Copco,
  Ingersoll Rand, Rolair Systems, AireTex
  Compressors, MEDO U.S.A, GE Energy, Sullair Corp,
  and Hitachi Industrial Equipment Systems to name
  some.

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