Energy Saving Regulations encourages Deployment of Oil-Free Compressors

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Representative image by is463940 from pixabay

With technology gaining importance in manufacturing, compressor vendors must adapt or integrate next-generation technologies to provide end-users with a seamless manufacturing environment. Oil-free compressors now indispensable in many industries as technological advances and the need for environmental protections boost market momentum as stated in the recent analysis, ‘In-house Servicing Capabilities and Sustainability Initiatives Driving the Oil-free Compressors Market’, by Frost & Sullivan, finds that the oil-free compressors market is gradually gaining momentum.

Its demand across industries—life sciences, food and beverages, power generation, and electronics—is surging to drive the 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 estimated to garner revenue of $3.4 billion by 2025 from $3.1 billion in 2020, up at a CAGR of 2%.

However, with the fallout of the COVID-19 pandemic, the industry experienced a slowdown in 2020 but is expected to cross pre-COVID levels in the mid-term as economies adopt the necessary measures to combat the pandemic’s impact.

Krishnan Ramanathan, Industry Manager for Industrial at Frost & Sullivan says, “Microeconomic trends such as trade barriers, foreign partnerships, and political and economic regulations will influence the adoption of oil-free compressor systems, but the global and regional regulatory factors will be stable during the forecast period. It is assumed that there will be opportunities for product developments through the use of the latest technologies, which will contribute to market growth.”

He added further, “As with industrial automation and other areas where technology is gaining adoption, the latest development in the compressors market is systems that use augmented reality (AR) to measure the production floor and calculate the piping requirements. Another trend that is gaining adoption is the use of smaller compressors over one large compressor, which results in energy savings for end-users, although the initial investment is higher.”

Compressor manufacturers will need to develop monitoring devices that are easy to install and operate to utilize the technology. Despite higher prices, end-users such as food and beverage and pharmaceutical industries are likely to invest in oil-free compressors because of the regulations and benefits involved. This presents immense growth prospects for market participants.

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