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Europe Portable Air Compressor Market Size, By Technology (Rotary [Screw, Scroll], Reciprocating), By Lubrication (Oil-free, Oil-filled), By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Semiconductors & Electronics, Manufacturing, Healthcare, Mining & Construction, Municipal), Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026

Published Date: October 2020 | Publisher: Graphical Research Report ID: GR1456 | Delivery : PDF

Industry Trends

Europe Portable Air Compressor Market Size was around USD 1.10 billion in 2019 and will grow at a CAGR of 4% up to 2026.
 

Europe Portable Air Compressor Market

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Proliferating industrialization along with growing demand for energy-efficient air compressors in the region is expected to drive the industry growth. A significant rise in industrialization and government support to several industry projects across the region is expected to increase the sales of mobile air compressors. In December 2017, the European Commission proposed the “Industry 2030 High Level Industrial Roundtable” policy to support the regional industry. The key focus of this policy is green transition, digital transition, and competitiveness on the global stage. A green transition in an industry requires the usage of clean or low carbon footprint products, thereby is expected to drive the sales of advanced low carbon footprint portable air compressors.

Fuel consumption and efficiency of compressors are the major factors considered in the operating costs of any applications; end-users are demanding enhanced efficiency products to limit their operating costs. Technological developments to enhance efficiency of mobile compressors  are supporting the market growth. For instance, in December 2019, ELGi launched PG 22E, PG 75E, and PG 45E air compressors with enhanced efficiency. Furthermore, stringent regulations on the usage of low carbon footprint products will drive sales of new portable air compressors in food & beverage, healthcare, and manufacturing industries.

The availability of a wide range of supply pressure with multiple fuel options for mobile air compressors are providing large range of options to buyers. Advancements in design features of new products, usage of compact designs, and reduction in weight of advanced compressors are further driving industry growth. The development and adoption of high-capacity portable air compressors with enhanced performance and versatility are also key factors contributing to market growth.

The COVID-19 pandemic has adversely impacted the regional economy during H1 of FY 2020. Several regional countries including Germany, the UK, and Italy, among others have announced lockdowns to control the exponential rise of COVID-19 cases in the region. Furthermore, the complete closure of several manufacturing facilities and construction & mining projects are expected to hamper the market largely in FY 2020. Several regional countries have announced the re-opening of economic & manufacturing activities, thereby minimizing the adverse impacts on the industry.

Based on technology, the rotary mobile compressor dominates the market with around 78% volumetric shares in 2019. The advantages offered by this type of compressors, such as low noise levels and energy efficiency, compared to other types of products will drive the usage of rotary mobile compressors. Product development and launch of advanced lightweight & low maintenance products will further drive segment growth.

Based on lubrication, the oil-filled portable air compressor market generated around USD 814 million in 2019. Dominance is attributed to the availability of a wide range of product portfolio coupled with a wide range of applications from small to large-scale will drive product demand. Furthermore, the equipment is easy to install, offers low operational costs, and is easy to maintain.

Manufacturing and mining & construction applications together accounted for over 65% revenue shares in 2019. Rapid expansion of several industrial companies in the region along with the growing construction industry is expected to drive segment growth. Major infrastructure development activities in Northern Europe, such as Fehmarnbelt fixed link and others, are driving product demand. The growing mining industry to minimize dependency on the import of key materials will provide lucrative opportunities for industry expansion.

The Germany portable air compressor market is expected to generate over USD 280 million by 2026. The presence of several manufacturing industries coupled with ongoing construction projects in the country is expected to further drive product demand. The requirement for affordable housing and infrastructure development in the country is supporting product demand. During 2018, Germany builders build around 285,900 new houses and the figure was the highest in the last 16 years. Furthermore, the government aims to build around 1.5 million new units by 2021.

Some of the key industry players operating in the Europe portable air compressor market are Elgi Compressors, Sullair, LLC, Atlas Copco, Gardner Denver, Inc., Doosan Portable Power, Sullivan-Palatek, Inc., and Kaeser Kompressoren SE, among others. Product developments, mergers & acquisitions, and the establishment of new production & sales offices are among the major strategies adopted by industry participants to enhance their competitiveness.
 

Frequently Asked Question(FAQ) :

The industry share of Europe Portable Air Compressor is projected to witness more than 4% growth rate during 2020 to 2026.
The market size of Europe Portable Air Compressor Market was valued USD 1.1 billion in 2019.
The Germany portable air compressor market is expected to generate over USD 280 million by 2026.

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Europe Portable Air Compressor Market Share & Trends 2020-2026 | Report


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