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Demand for Oil-free Compressed Air in Critical Applications in Food and Beverage and Life Sciences to Drive Growth
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The global oil-free compressor market generated revenue of approximately $2,948 million in 2018 and is expected to expand at a compound annual growth rate of 3.3% (2018–2023).The objective of this study is to identify and evaluate both current and future trends that influence the global oil-free compressor market. With 2018 as the base year, the research provides estimates of the market size and future growth prospects until 2023. For this purpose, a specific methodology which includes discussion with the senior management of compressor manufacturers was followed and is supported by secondary research.Forecasts were derived from a balance of industry opinion from suppliers, manufacturers, distributors, major buyers, and industry commentators, and supported by extensive secondary research information. In the discussions with industry sources, the research has aimed to develop a consensus of opinion on a range of issues to support Frost & Sullivan's forecast model.
Key Issues Addressed
This study offers a holistic perspective on the various opportunities, challenges, and threats for oil-free compressor manufacturers in the word and emphasizes the key trends, regulations and demand patterns that will propel growth.
Author: Anand Gnanamoorthy
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