European industrial air compressor market is estimated to grow modestly, at a CAGR of around 3.8%, during the forecast period. The growth of the market is attributed to the rapid industrialization and increasing demand for energy-efficient compressors in the region. A significant rise in industrialization has witnessed over the years in the EU, owing to the rise in government initiatives to promote industrialization and a substantial rise in the manufacturing sector in Europe. The government promotes industrial competitiveness by several major initiatives to revitalize regions, empower citizens, and brings technologies for the innovative, smart industry for the future.
European Commission launched ‘The Industry 2030 High-Level Industrial Roundtable’ initiative in December 2017 to provide independent advice on future EU industrial policy action. The key focus of this initiative is on connected technologies, clean and autonomous vehicles, hydrogen technologies and systems, smart health technologies, industrial internet of things, low-CO2 emission industry, and cybersecurity. Under this initiative, the European government is deploying low-carbon energy technology in different industries such as oil and gas, automobile, electronics, and manufacturing. Owing to this, the demand for energy-efficient compressors is growing in the region, which in turn, is creating growth for the industrial air compressor market in Europe.
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The European industrial air compressor market is segmented based on type, technology, and end-user. Based on the technology, the market is classified into dynamic displacement and positive displacement compressors. The dynamic displacement compressors segment is further segmented into axial flow air compressors and centrifugal compressors. Whereas, the positive displacement compressors segment is further segmented into rotary air compressors and reciprocating compressors. Furthermore, rotatory compressors include lobe, screw, liquid ring, scroll & vane compressors while reciprocating includes diaphragm double-acting and single-acting compressors. Based on type, the market is classified into portable and stationary. Based on end-user, the market is segmented into food and beverage, oil and gas, manufacturing, energy & power, automotive, and others.
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European Industrial Air Compressor Market Segmentation
By Type
· Portable
· Stationary
By Technology
· Dynamic Displacement Compressors
· Axial Flow Air Compressors
· Centrifugal Compressors
· Positive Displacement Compressors
· Rotary Air Compressors
· Reciprocating Compressors
By End-Users
· Food & Beverages
· Oil & Gas
· Energy and Power
· Manufacturing
· Automotive
· Others (Construction and Mining)
Regional Analysis
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Company Profiles
· Atlas Copco AB
· BOGE Anlagenbau GmbH & Co. KG
· General Electric Co.
· Hitachi, Ltd.
· Howden Group, Ltd.
· Ingersoll-Rand PLC
· Kobe Steel, Ltd.
· Man Energy Solution SE
· Quincy Compressor, LLC
· Senco Brands, Inc.
· Siemens AG
· Stanley Black & Decker, Inc.
· Sulzer, Ltd.
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