Oil-free compressors are now a must-have in many industries as technological advancements and the need for environmental protections drive market momentum, according to Frost & Sullivan
SANTA CLARA, California, February 24, 2021 / PRNewswire / – Recent Analysis by Frost & Sullivan, In-house service capabilities and sustainability initiatives driving the oil-free compressor market, notes that the market for oil-free compressors is gradually gaining momentum. Its demand in all sectors (life sciences, food and beverage, power generation and electronics) is increasing to drive growth in various regions such as Latin America, Europe (except Western Europe), the Middle East and Africa, and Asia Pacific (APAC). Globally, the market is expected to collect income from 3.4 billion dollars by 2025 of $ 3.1 billion in 2020, up to a compound year 2% growth rate. However, with the fallout from the COVID-19 pandemic, the industry has experienced a slowdown in 2020, but is expected to surpass pre-COVID levels in the medium term, as economies adopt the necessary measures to combat the impact of the pandemic.
For more information on this scan, please visit: http://frost.ly/599
“Microeconomic trends such as trade barriers, foreign partnerships, and political and economic regulations will influence the adoption of oil-free compression systems, but global and regional regulatory factors will be stable over the forecast period,” said Krishnan Ramanathan, Industry Manager for Industrial at Frost & Sullivan. “It is assumed that there will be opportunities for product development through the use of the latest technology, which will contribute to the growth of the market.”
Ramanathan added: “As with industrial automation and other areas where technology is increasingly adopted, the latest development in the compressor market is in systems that use augmented reality (AR) to measure the production floor and calculate piping requirements. Another trend that is increasingly adopted is the use of smaller compressors on a large compressor, resulting in energy savings for end users, even if the initial investment is higher. “
Despite higher prices, end users such as the food and beverage and pharmaceutical industries are likely to invest in oil-free compressors due to the regulations and the benefits at stake. This presents immense growth prospects for market players. market, including:
- Both sellers and distributors can exploit opportunities by improving their presence and ensuring scalability for their compressors.
- Compressor manufacturers will need to develop monitoring devices which are easy to install and use to use technology.
- Small suppliers cannot enter the market, so existing suppliers have to meet all the requirements of end users.
- With technology is gaining in importance in manufacturing, compressor suppliers must adopt or integrate next generation technologies to provide end users with a transparent manufacturing environment.
Internal service capabilities and sustainability initiatives driving the oil-free compressor market is the latest addition to Frost & Sullivan’s Industrial automation and process control research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous stream of growth opportunities for success in the unpredictable future.
About Frost & Sullivan
For six decades, Frost & Sullivan has been recognized globally for its role in helping investors, business leaders and governments navigate economic changes and identify disruptive technologies, mega trends, new business models and companies. to act, which results in a continuous flow of growth. opportunities to drive future success. Contact us: start the discussion
Internal service capabilities and sustainability initiatives driving the oil-free compressor market
Phone: +1 210 247 2481
E: [email protected]
SOURCE Frost & Sullivan