Europe is leading the market for portable oil-free air compressors, according to a report from Grand View Research.
The analyst recently published Global Portable Oil-Free Air Compressor Market Analysis and Segment Forecasts to 2022, which picks the European market out as a highlight in 2014 in particular.
“Europe dominated the market in 2014,” the analyst states. “It is estimated to exhibit a growth rate above 7% in the seven years ahead.”
The potential scale of the market is huge, thanks to the size of the companies that form its customer base, as the report goes on to note.
“Huge manufacturing firms utilise portable oil-free air compressors to provide huge quantities of moderate-pressure air to pneumatic devices,” it adds.
Oil-free compressors allow for clean surface painting and preparation, critical to high-quality manufacturing, and this leads to a forecasted 3% compound annual growth rate among manufacturers through 2022.
Food and beverage producers, pharmaceutical firms, semiconductor producers, oil and gas suppliers, healthcare facilities and the home appliance market are all key channels for oil-free compressors, and are contributing to the overall growth rate for the forecast period too.
Within the oil-free air compressor segment itself, the report notes the desirable features of high-quality equipment, which offers low noise levels, simple controls, high speed and performance, and low maintenance.
Reliable, energy efficient air compressors are predicted to drive the market in the coming years, particularly where environmental regulations require greater use of oil-free air compressors.
Combined with other factors, this is predicted to take the global market for portable oil-free air compressors to $8.5 billion (£5.9 billion) by 2022.
“On the basis of technologies, the portable oil-free air compressor market is categorised into reciprocating, rotary, and centrifugal,” Grand View Research adds.
“Reciprocating compressors are divided into single stage, two stage, rocking piston, and diaphragms. Rotary accounted for over 45% of the global incomes in 2014.”