Published Date: 2020-10-19
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According to the Graphical Research new growth forecast report titled Europe Portable Air Compressor Market growth will surpass USD 1.25 billion by 2026. The Europe portable air compressor market is expected to showcase a considerable growth owing to the proliferating semiconductor & electronics, manufacturing, construction, and food & beverage industries. According to FoodDrinkEurope, in 2019, the Europe food & drink industry turnover accounted for around USD 1.41 trillion. Ongoing product development initiatives and stringent carbon footprint regulations adopted by regional economies are expected to generate demand for lightweight advanced low carbon footprint mobile air compressors.
Industry Coverage Chart
The availability of a wide range of product portfolio along with the development of new mobile compressors that do not require a special license to tow the compressor from one location to another will drive market growth. Portable air compressors provide a wide range of advantages to end-user industries including ease of transportation, higher efficiency, low noise, and easy maintenance, among others. The presence of a wide range of compressor manufacturers and expansion of air compressor manufacturing facilities in the region will drive industry growth.
The reciprocating portable air compressor segment is expected to grow at a CAGR of around 3.4% from 2020 to 2026. Single and double stage reciprocation mobile compressors are used in a wide range of industrial applications to power small pneumatic power tools and machines. Lower initial ownership costs and performance-enhancing technical developments are expected to provide considerable growth. However, higher maintenance costs and lower efficiency of these products may limit product sales.
The Europe oil-free portable air compressor market is expected to generate over USD 340 million by 2026. Oil-free portable air compressors are mainly used in the pharmaceutical, food & beverage, healthcare, and electronics & semiconductor industries where the quality of air is the utmost important factor. The growing healthcare industry coupled with expansion in the food & beverage sector in the region is expected to drive product demand. Furthermore, the development of advanced oil-free mobile air compressors by Atlas Copco, ELGi, and other manufacturers will offer a wide range of products.
Semiconductor & electronics and food & beverage applications are expected to showcase a growth rate of over 4% from 2020 to 2026. A wide range of portable air compressor products is used in the food & beverage industry for several applications such as pelleting, packaging, and cooling & freezing products. The proliferating semiconductor & electronics industry and rising usage of advanced sensors in every manufacturing sector will further support segment growth.
The UK portable air compressor industry accounted for around 8.1% of the total market share in 2019. The development of low noise and lightweight mobile air compressors is expected to provide lucrative opportunities for industry expansion. New portable air compressors generate around 65dB noise while offering compressed air at around 300 psi. Furthermore, growing electronics and manufacturing industries in the country are supporting market growth.
Some of the prominent manufacturers operating in the Europe portable air compressor industry are Oasis Manufacturing, Quincy Compressor, Atlas Copco, Kaeser Kompressoren SE, Sullair, LLC, Doosan Portable Power, Gardner Denver, Inc., Rolair Systems, and others.
The Europe portable air compressor market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2016 to 2026 for the following segments:
Market Share, By Technology
Market Size, By Lubrication
Market Value, By Application
The above information is provided on a country basis for the following:
Europe
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