Europe Oil-free Air Compressor Market size crossed USD 2.5 billion in 2020 and is set to observe around 2.9% growth rate between 2021 and 2027. Rising preferences for portable, compact, and energy-efficient mechanisms in various application sectors will propel the market demand.
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The oil-free air compressor consumes less energy compared to other air compressors, which leads to low carbon emissions and cost-effectiveness during the product life cycle. The superior operational efficiency of these compressors is expected to enhance their adoption in multiple end user industries in compliance with industry standard. Growing environment related awareness and regulations in Europe have boosted the demand for compressors requiring low maintenance.
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The portable oil-free compressors will grow at a CAGR of 3.9% during the forecast period. The various features of portable compressors, such as superior digital systems, high speed, low maintenance costs, and operating noise, will support the segment penetration. Furthermore, government policies on energy conservation along with growing consumer awareness will drive the industry growth.
The rotary technology segment will generate a demand for over 9 million units in Europe oil-free air compressor industry by 2027. The segment growth is attributed to the enhanced adoption of the technology for heavy industrial applications.
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The manufacturing sector in the market is expected to value at USD 1 billion by 2027. Portable and stationary air compressors are widely used in production plants. In the manufacturing industry, contaminant-free air can be used directly in several plants as a source of power to produce equipment and machines. For instance, in steel production, contaminant-free air is directly blown in the furnace, that is used to heat the steel and cool down the rolled steel. These are majorly used in the manufacturing of home appliances and semiconductors as oil carry-over compressors are not acceptable in these applications.
The key players involved in the Europe market include Atlas Copco, Hitachi Industrial Equipment Systems Co., Ltd., GE Energy, Kobelco, Sullair, LLC, Kaeser Kompressoren SE, Ingersoll-Rand plc, Rolair Systems, Sullivan-Palatek, Inc., and Heyner UK Ltd.