Oil Free Air Compressor Is Estimated to Witness High Growth Owing To Increasing Industrial Automation
An oil free air compressor is a type of compressed air system used to supply oil-free compressed air. Such compressors are commonly used in sensitive manufacturing environments such as food & beverage, pharmaceuticals and medical device industries where oil carryover from compressors needs to be eliminated as it can contaminate the product or interact with processes. These compressors use technologies such as reciprocating piston, scroll and screw compressors and do not require oil for lubrication and cooling purposes. The global oil free air compressor market was valued at US$ 20 Bn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by CoherentMI. Market Dynamics One of the key drivers for growth of the oil free air compressor market is the increasing adoption of industrial automation across manufacturing industries globally. Modern industries are increasingly automating their production proc...