Europe Air Compressor Market Size, Share & Trends Analysis Report By Type (Stationary, Portable), By Product, By Lubrication, By End-use, By Operating Mode, By Power Range, By Country, And Segment Forecasts, 2024 - 2030

Europe Air Compressor Market Size, Share & Trends Analysis Report By Type (Stationary, Portable), By Product, By Lubrication, By End-use, By Operating Mode, By Power Range, By Country, And Segment Forecasts, 2024 - 2030

Europe Air Compressor Market Growth & Trends

The Europe air compressor market is anticipated to reach USD 8.46 billion by 2030 and it is projected to grow at a CAGR of 4.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for energy-efficient compressors in different industries coupled with rising investment in the semiconductor industry are expected to propel the demand for the market in the coming years.

Air compressors are used in power generation, petroleum, chemicals, and manufacturing industries in several applications. As these industries have implemented cost-effective manufacturing processes to offset the shortcomings of traditional manufacturing methods, they have a strong demand for energy efficient compressors due to the enhanced energy distribution and cost-effectiveness given by these compressors. Energy-efficient air compressors consume less electricity, resulting in lower operational costs. This is particularly attractive to industries where compressed air is a critical part of their processes, such as manufacturing and automotive.

Food legislation in the European Union is extensively harmonized in terms of regulation, and the food & beverage industry in the region benefits significantly from the opportunities provided by the European Union single market. On a global scale, the European Union food & beverage industry is competitive, producing high-quality, healthy, and safe food. In 2020, the total food & beverage exports from the European Union were worth USD 162 billion. The European Union's exports of food products increased at an average of 5% year-on-year from 2010 to 2020. These aforementioned factors are anticipated to propel the demand for food & beverage products over the forecast period.

In food processing & packaging industry, compressed air is utilized for controlling actuators and valves in computerized lines used for bottling, packaging, and filling different products. Since compressed air is also used for supplying oxygen to bacteria during the fermentation of food products, the presence of even a minor amount of oil in it disturbs bacterial activities resulting in the spoilage of end products. These aforementioned factors are anticipated to augment the market demand in the projected period.

Europe Air Compressor Market Report Highlights

• Based on type, the stationary air compressor segment dominated the technology segment with a 55.9% share in 2023 owing to its use in manufacturing plants, industrial plants, and auto repair shops
• Based on type, the portable air compressor segment is expected to grow at the fastest CAGR over the forecast period.
• Based on product, the rotary/screw air compressor segment held the largest market share of 45.1% in 2023. The features of rotary/screw air compressors, such as low noise output, high energy efficiency, good performance, easy maintenance, and uninterrupted operation, are anticipated to drive demand over the forecast period
• Increasing consumer preference for energy savings and longer product life cycles can contribute to a significant portion of the total life cycle expenses of compressor operation and maintenance.
• Germany dominated the Europe market owing to factors such as stricter environmental regulations and climate change concerns drove industries to adopt energy-efficient air compressor solutions
• In August 2023, FS Elliot Co., LLC introduced the P400HPR Centrifugal Air Compressor in August 2023. The P400HPR ensures energy efficiency and dependability while meeting any high-pressure application with improved features and exceptional performance

Please note The report will be delivered in 2-3 business days upon order notification.