The Europe air compressor market is anticipated to reach USD 8.46 billion by 2030 and it is projected to grow at a CAGR of 4.0% from 2024 to 2030. The increasing demand for energy-efficient compressors in different industries coupled with rising investment in the semiconductor industry are expected to propel the demand for the market in the coming years.
Air compressors are used in power generation, petroleum, chemicals, and manufacturing industries in several applications. As these industries have implemented cost-effective manufacturing processes to offset the shortcomings of traditional manufacturing methods, they have a strong demand for energy efficient compressors due to the enhanced energy distribution and cost-effectiveness given by these compressors. Energy-efficient air compressors consume less electricity, resulting in lower operational costs. This is particularly attractive to industries where compressed air is a critical part of their processes, such as manufacturing and automotive.
Food legislation in the European Union is extensively harmonized in terms of regulation, and the food & beverage industry in the region benefits significantly from the opportunities provided by the European Union single market. On a global scale, the European Union food & beverage industry is competitive, producing high-quality, healthy, and safe food. In 2020, the total food & beverage exports from the European Union were worth USD 162 billion. The European Union's exports of food products increased at an average of 5% year-on-year from 2010 to 2020. These aforementioned factors are anticipated to propel the demand for food & beverage products over the forecast period.
In food processing & packaging industry, compressed air is utilized for controlling actuators and valves in computerized lines used for bottling, packaging, and filling different products. Since compressed air is also used for supplying oxygen to bacteria during the fermentation of food products, the presence of even a minor amount of oil in it disturbs bacterial activities resulting in the spoilage of end products. These aforementioned factors are anticipated to augment the market demand in the projected period.
Air compressors are used in power generation, petroleum, chemicals, and manufacturing industries in several applications. As these industries have implemented cost-effective manufacturing processes to offset the shortcomings of traditional manufacturing methods, they have a strong demand for energy efficient compressors due to the enhanced energy distribution and cost-effectiveness given by these compressors. Energy-efficient air compressors consume less electricity, resulting in lower operational costs. This is particularly attractive to industries where compressed air is a critical part of their processes, such as manufacturing and automotive.
Food legislation in the European Union is extensively harmonized in terms of regulation, and the food & beverage industry in the region benefits significantly from the opportunities provided by the European Union single market. On a global scale, the European Union food & beverage industry is competitive, producing high-quality, healthy, and safe food. In 2020, the total food & beverage exports from the European Union were worth USD 162 billion. The European Union's exports of food products increased at an average of 5% year-on-year from 2010 to 2020. These aforementioned factors are anticipated to propel the demand for food & beverage products over the forecast period.
In food processing & packaging industry, compressed air is utilized for controlling actuators and valves in computerized lines used for bottling, packaging, and filling different products. Since compressed air is also used for supplying oxygen to bacteria during the fermentation of food products, the presence of even a minor amount of oil in it disturbs bacterial activities resulting in the spoilage of end products. These aforementioned factors are anticipated to augment the market demand in the projected period.
Europe Air Compressor Market Report Highlights
- Based on type, the stationary air compressor segment dominated the technology segment with a 55.9% share in 2023 owing to its use in manufacturing plants, industrial plants, and auto repair shops
- Based on type, the portable air compressor segment is expected to grow at the fastest CAGR over the forecast period.
- Based on product, the rotary/screw air compressor segment held the largest market share of 45.1% in 2023. The features of rotary/screw air compressors, such as low noise output, high energy efficiency, good performance, easy maintenance, and uninterrupted operation, are anticipated to drive demand over the forecast period
- Increasing consumer preference for energy savings and longer product life cycles can contribute to a significant portion of the total life cycle expenses of compressor operation and maintenance.
- Germany dominated the Europe market owing to factors such as stricter environmental regulations and climate change concerns drove industries to adopt energy-efficient air compressor solutions
- In August 2023, FS Elliot Co., LLC introduced the P400HPR Centrifugal Air Compressor in August 2023. The P400HPR ensures energy efficiency and dependability while meeting any high-pressure application with improved features and exceptional performance
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Europe Air Compressor Market Variables, Trends, & Scope
Chapter 4. Europe Air Compressor Market: Type Estimates & Trend Analysis
Chapter 5. Europe Air Compressor Market: Product Estimates & Trend Analysis
Chapter 6. Europe Air Compressor Market: Lubrication Estimates & Trend Analysis
Chapter 7. Europe Air Compressor Market: Application Estimates & Trend Analysis
Chapter 8. Europe Air Compressor Market: Operating Mode Estimates & Trend Analysis
Chapter 9. Europe Air Compressor Market: Power Range Estimates & Trend Analysis
Chapter 10. Europe Air Compressor Market: Country Estimates & Trend Analysis
Chapter 11. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Atlas Copco
- BAUER COMP Holding GmbH
- Hitachi Industrial Equipment Systems Co. Ltd.
- Ingersoll Rand
- KAESER KOMPRESSOREN
- MAT Holding, Inc.
- Hanwha Power Systems CO., LTD.
- Sullair LLC
- Doosan Portable Power
- Sullivan-Palatek, Inc.
- ELGi
- FS-ELLIOT CO., LLC
- ZEN AIR TECH PRIVATE LIMITED
- Frank Technologies Private Limited
- Oasis Manufacturing
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 125 |
Published | December 2023 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 6.46 Billion |
Forecasted Market Value ( USD | $ 8.46 Billion |
Compound Annual Growth Rate | 4.0% |
Regions Covered | Europe |
No. of Companies Mentioned | 15 |