February 28, 2024
Oil Free Air Compressor Market

Oil Free Air Compressor Market Is Expected to Be Flourished by Its Application in Semiconductor Manufacturing

Oil free air compressors are the most technically advanced compressors that eliminate lubricant and contaminants from compressed air. They find key applications in semiconductor manufacturing wherein purity and quality of compressed air is of utmost importance. Semiconductors are made on large silicon wafers or substrates and require high purity compressed air and other gases during their manufacturing processes like etching, drying, film deposition etc. Even minor contamination from lubricants or other particles can ruin batches of semiconductor devices. Oil free compressors ensure supply of oil and particle free compressed air at required pressure to sustain semiconductor fabrication processes and yield high quality finished products.

The global oil free air compressor market was valued at US$ 20 Bn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by CoherentMI

Market Dynamics:

The expanding semiconductor manufacturing industry across various regions is one of the major drivers propelling growth of oil free air compressors market. According to Semiconductor Industry Association, the global semiconductor market is projected to grow at a CAGR of 8.8% over 2021-2026. Both established as well as emerging players are significantly investing in setting up and expanding semiconductor fabrication facilities which will further drive demand for oil free air compressors from this end use sector. Another driver is stringent regulations regarding purity and quality of compressed air being used in pharmaceutical manufacturing and food & beverage processing plants. Oil present in compressed air can contaminate these products affecting their quality and safety. Oil free compressors are essential to meet regulatory standards in these end use industries.

Segment Analysis

The oil free air compressor market can be segmented based on product type, end user industry and region. By product type, oil free centrifugal compressors dominate the market holding around 45% share. Centrifugal compressors are primarily used for continuous duty applications as they can deliver large volumes of air at higher pressures. They have lower maintenance costs and longer service life compared to reciprocating compressors.

PEST Analysis

Political: The market is positively impacted by increasing government investments in industrial infrastructure development across major economies. Stringent regulations regarding zero emission and low carbon operations are also boosting demand.

Economic
: Strong economic growth along with rising investments in process manufacturing industries such as food & beverages, pharmaceuticals are major drivers. Ongoing infrastructure projects in developing nations further support market expansion.

Social
: Growing health awareness is driving focus onto cleaner production processes. Demand is also increasing from healthcare facilities that require oil-free compressed air.

Technological
: Continuous product innovations around efficiency and reliability have increased adoption. Advanced sensors and IoT connectivity provide condition monitoring and predictive maintenance capabilities

Key Takeaways

The global Oil Free Air Compressor Market Size is expected to witness high growth over the forecast period.

Regional Analysis: Asia Pacific dominates the global market currently holding around 40% share. Rapid industrialization along with establishment of manufacturing facilities makes countries like China and India high growth markets.

Key Players: Key players operating in the oil free air compressor market are Fusheng, Kobelco, General Electric, Aerzen, Atlas Copco, Sullair, Mitsui, Hitachi, Anest Iwata, Nanjing Compressor, Boge, Fusheng, Shenyang Yuanda Compressor, Johnson Controls, Oasis Manufacturing, Elgi, KAESER, Gardner Denver, Ingersoll Rand. Fusheng and Kobelco captured majority share due to their wide product portfolio and extensive geographical presence.

Objectives of the Report:

1) Investigate and forecast the value and volume of the Oil Free Air Compressor market.

2) Estimate market shares for major Oil Free Air Compressor segments.

3) To demonstrate how the market for Oil Free Air Compressor is evolving in various parts of the world.

4) Research and analyze micro markets in terms of their contributions to the Oil Free Air Compressor market, as well as their prospects and individual growth patterns.

5) To provide precise and useful information on the factors influencing the rise of Oil Free Air Compressor.

6) To provide an in-depth analysis of key business strategies used by major companies in the Oil Free Air Compressor market, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and acquisitions, mergers, and acquisitions.

FAQ’s

Q.1 What are the main factors influencing the Oil Free Air Compressor market?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Oil Free Air Compressor Market companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Oil Free Air Compressor market’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1.       Source: CoherentMI, Public sources, Desk research
2.       We have leveraged AI tools to mine information and compile it