Progress in the automotive sector would directly impact the developments in the Europe compressed air treatment equipment market owing to its extensive usage in automotive manufacturing.
Clean compressed air is used to operate pneumatic tools & instruments, car spray painting, car washing, tire inflation, conveying, etc. The production of motor vehicles in Europe increased from about 19.8 million in 2013 to more than 21.3 million in 2018. Economic development in countries like Spain, Italy, France, etc. would also increase the demand for automotive which would in turn boost the Europe compressed air treatment equipment market. Increasing trend towards manufacturing lightweight vehicles to attain fuel efficiency would further increase the production of automotive in this region in the coming years.
The Europe compressed air treatment equipment market is segmented into product, end-user, and application. The various products in this market are dryers, aftercoolers, filters, and others. The filters product segment is divided into particulate filter, coalescing filters, absorber filter, high temperature after filters, filtered centrifugal separator, and moisture separators. Dryer segment is divided into refrigerated dryer, desiccant air dryer, membrane dryer, and deliquescent dryer. Based on application, the compressed air treatment equipment market is segmented into instrument air, breathing air, plant air, & process air. Process air segment attained a CAGR of about 5% in the forecast period owing to its rising usage in operational procedures. The various end-user industries are aerospace, electronics, automotive, industrial, food & beverage, paper, chemical, healthcare, etc. Healthcare industry attained a CAGR of about 6% due to rising usage in medical air systems. Out of the countries, Germany attained the largest share in the compressed air treatment equipment market due to presence of major market players.
Some of the major participants in the Europe compressed air treatment equipment market are Atlas Copco, Elgi Compressors, Sullair, Sullivan-Palatek, Kaeser Kompressoren, Gardner Denver, Aerzener Maschinenfabrik, etc.