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Oil Filled Air Compressor Market will grow at a CAGR of more than 3% over 2019-2024

Author : Rahul Varpe | Published Date : 2019-04-18 

Global Market Insights provides a detailed overview of Oil Filled Air Compressor market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Oil Filled Air Compressor market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Development of advanced products will have a highly remarkable impact on oil filled air compressor industry size. As end-use industries gear up to accept next-generation products brought forth by leading industry players, oil filled air compressor market share will soar to massive heights, with a CAGR estimation of 3% over 2018-2024.

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The product is integrated with new components that enable stable system pressure and high capacity air delivery. A year before, Ingersoll Rand – another noteworthy contender in oil filled air compressor market, launched its next-generation oil filled rotary screw compressors designed for high compressed air output. The products apparently are capable of successfully enhancing the efficiency of air compressors without hampering the existing reliability. Endowed with advanced features and improved performance, rotary technology is emerging as a viable alternative, driving rotary-based oil filled air industry share over the years ahead.

Atlas Copco’s latest product launch is likely to set a novel benchmark for prominent oil filled air compressor market players. The ZR 90-160 VSD+, the company’s most recent oil-free rotary screw air compressor delivers up to 35 percent energy savings and is absolutely perfect for myriad end-use industries including electronics, automotive, F&B, pharmaceuticals, and textiles. Additionally, the water-cooled products is incorporated with state-of-the-art compressor elements, an improved monitoring system, a brand-new design, and two high-efficiency permanent magnet motors. Atlas’s product launch is vividly remnant of the fact that novel design methodologies for increasing the durability and efficacy of air compressors are poised to majorly drive market trends in the years to follow.

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Speaking of occupational safety and the reduction of health issues, the UK based air compressor manufacturer, Vert Rotors requires a special mention. The company has developed an innovative portable air compressor technology for ensuring reduced safety and health problems. This technology provides air compressed at 300psi while generating only 65dB noise level, which is far lesser than the noise generated from conventional air compressors. Given that manufacturers are now focusing on simplifying the problematic operational issues and the applicability of products, oil filled air compressor market is expected to command substantial gains ahead. In fact, as per estimates, portable oil filled air compressor industry size is projected to register a CAGR of 3.5% over 2018-2024.

The competitive hierarchy of oil filled air compressor market is inclusive of top-notch magnates that have been consolidating their presence across this vertical through the initiation of frequent mergers and acquisitions. The Japanese technology company, Hitachi for instance, in April 2017, acquired the U.S. based air-compressor manufacturing unit of Accudyne Industries for USD 1.24 billion and strengthened its client base across North America market.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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