A compressor is a pre-lubricated mechanical device that operates without using oil by enhancing the pressure of a gas by reducing its volume. These are designed to operate without oil in the compression chamber. The power of an oil free compressor is measured in CFM (cubic feet per minute of intake air and HP (horsepower). As most of the industrial processes have zero tolerance towards oil in its end product, adoption of oil free compressor across the globe has been increasing. These are available with minimal number of moving parts, ensuring a long operating life with limited service interventions. This is encouraging end users to opt for oil free compressor across the globe.
Rise in demand for the cost-effective energy-efficient compressor by the end-users, dependency of end-users on oil free compressors for processing, and regulatory bodies emphasizing to maintain acceptable air quality standards for critical application are some of the key drivers of the market. Moreover, rise in construction of wide range of the industries is expected to boost the market during the forecast period. However, high price, risk associate with product handling and cost require for maintenance of oil free compressors is likely to restrain the market in the near future.
Nevertheless, development of products with innovative design, configuration with advanced technology, enhancement of product efficiency, targeting the new industrial base and far reaching of products through convenient distribution channel are expected to offer significant opportunities to the oil free compressor market during the forecast period.
The global oil free compressor market can be segmented based on portability, type, stage, end-use, distribution channel, and region. Based on portability, the market is segmented into stationary and portable. Based on type, the market can be bifurcated into reciprocating, rotary screw, and rotary centrifugal. Based on stage, the global oil free compressor market is segmented into the single stage and two stages. Based on end-use, the global oil free compressor market can be split into food and beverage, chemical and petrochemical processing, automotive paint spraying, electronics manufacturing, healthcare, textile manufacturing, and others. In terms of distribution channel, the global oil free compressor market can be categorized into the online channel and offline channel. The online segment can be further sub-segmented into company websites and e-commerce sites.
Based on the region, the global oil free compressor market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Oil free compressor market in North America is expected to gain demand owing to strict government policies that emphasizing for energy conservation. In Europe, rise in popularity of oil free compressors among the end users owing to awareness for maintaining air quality standards, and the end user found it to be reliable in processing has fueled the usage of oil free compressors.
In Asia Pacific, robust growth in the industrial sector has propelled the demand for oil free compressors. Additionally, End users considered it to be reliable for having better performance as it found to be satisfactory in usage among the users and rise in adoption of product owing to environmental standard set by government bodies to improve air quality is likely to boost the sales of oil free compressors in the region. In Middle East & Africa, rise in penetration of wide range of industries across the region is expected to fuel the demand for oil free compressors among end-users. In South America, increase in pharmaceuticals, chemical, and food & beverages sector is expected to drive the oil free compressor market in the region during the forecast period.
Major players operating in the global oil free compressor market includes Gardner Denver Holdings, Inc., Aerzener Maschinenfabrik GmbH, Atlas Copco Group, Ingersoll-Rand plc, Powerex Inc., Howden Group, Chicago Pneumatic, Fusheng Co., Ltd., Werther International Inc., Hycomp Inc., Hitachi, Ltd., General Electric Company, and Bauer Compressors, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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