Oil-Free Air Compressor Market Trends

Growth Drivers

• Growing Extraction of Oil & Gas - In 2021, there were about 88 million barrels of oil produced day globally. With approximately 94 million barrels produced, oil production in 2019 reached a record high.
• Surge in Manufacturing of Medicines - About 36 new medications were authorized by the Center for Drug Evaluation and Research in 2022. (CDER). Each year, the number of new pharmaceutical goods approved for sale varies greatly. In 2016, little over 19 unique pharmaceuticals were released; in 2018, approximately 59 new products were released. About 49 new medications received clearance in 2021. Hence, the demand for oil-free air compressor is growing. Oil-free air compressors are employed in a variety of pharmaceutical applications, including the transportation of capsules and packing as well as the provision of factories with a consistent flow of breathable, clean air. Oil less compressors play a crucial role in the manufacturing of medicines, capsules, and other consumable goods, among other pharmaceutical industry activities. Given the stringent purity requirements for these products, using oil-free air compressors helps to prevent contamination in automated production lines and reduce rejection rates for packaging applications.
• Surge in Demand for Automobile - In 2022, the US auto industry sold almost 3 million vehicles. Almost about 12 million cars and light trucks were sold in total that year in the US. The number of vehicles sold in the US peaked in 2016 at around 16 million.
• Growth in Demand for Powder Milk - For the fiscal year 2020, India, a country in south Asia, produced more than 209 thousand metric tons of milk powder. Compared to the about 137 thousand metric tons in the fiscal year 2015, this was a significant increase. Food products, such as cocoa powder or powdered milk, are pushed along pipes using compressed air. However, the powder is expected to be combined with oil contamination, ruining the product. Hence, the demand for oil-free air compressor is estimated to increase.
• Upsurge in Demand for Can Food - In 2020, about 215 million of people consumed veggies in jars or cans in the United States. Compressed air is separated into oxygen and nitrogen during the air separation process. The food is then preserved using nitrogen in larger storage facilities, on ships, and in cans. As the nitrogen comes into direct touch with the foodstuff, the air must be completely devoid of oil. Hence, this is estimated to boost the preference for oil-free air compressor.

Challenges

• Oil-Free Compressor have Shorter Life-Span
• High Maintenance Cost - Oil-free air compressors, particularly rotary screw oil-free air compressors, also have greater maintenance expenses. Despite the fact that users may need to change fewer filters, the compression screws at the air-end are significantly more prone to break than those in a lubricated air compressor. This can result in very pricey repairs. Also, the oil-free rotary screw air compressor compresses in two stages rather than one, which could result in a double-digit increase in repair costs.
• Compared to Oil-Lubricated Air Compressors, Oil-Free Air Compressors Produce More Heat and Noise