According to the Graphical Research new growth forecast report titled Europe Air compressor Market Share to surpass USD 22 billion by 2026. The market will be driven by growing industrial advancements in the East European countries and the established healthcare sector in Western Europe. The increasing number of chronic diseases has catapulted investments in the healthcare sector. The aforementioned factor has increased research & development activities to develop better diagnostic equipment, where compressed air is a prime ingredient. This will boost the regional air compressor demand in the near future. The Europe automotive industry will also propel air compressor sales as the product is an indispensable part of every automobile. Air compressors are used in automotive air conditioners, vehicular air brakes, and to control air intake in turbocharger & supercharger engines, allowing the combustion of an increased amount of fuel in equal-sized cylinders.
However, high product prices may act as a limiting factor in the air compressor industry size. Furthermore, environmental regulations to reduce noise & air pollution levels are surging product manufacturing costs. The aforementioned factor will directly result in the rise of air compressor prices, hampering market growth by 2026.
Rising construction & infrastructural activities in Eastern Europe will also boost the portable air compressor demand, growing at a CAGR of over 7% by 2026. The reciprocating compressors segment dictated the market and garnered over 40% market share in 2019. Oil-free air compressors will prove to be the fastest-growing segment at a CAGR of around 4%. Lightweight and continuous supply of uncontaminated compressed air will create potential opportunities for these products. The home appliances segment held a prominent market share in 2019 and accounted for over 25% in the overall industry share.
Major manufacturers in the market are Aerzener Maschinenfabrik GmbH (Aerzen), Atlas Copco, Kaeser Kompressoren SE, Bauer Compressors, Inc. Gardner Denver, Inc., Ingersoll-Rand plc, Sullair LLC, Doosan Portable Power, Sullivan-Palatek, Inc., Quincy Compressor, and several others.
The Europe air compressor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026 for the following segments:
Market Share, By Product
Market Size, By Technology
Market Value, By Lubrication
Market Forecast, By Application
- Home appliances
- Food & beverage
- Oil & gas
- Mining & construction
The above information is provided on a country basis for the following: