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.

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.

The companies which are contributing to the growth of the European industrial air compressor market include Ingersoll-Rand PLC, Kobe Steel Ltd., Sulzer Ltd., Stanley Black & Decker, Inc, Hitachi Ltd., GE Oil & Gas, and Siemens AG. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups, and technological advancements to stay competitive in the market. For instance, in March 2019, Sulzer and Tamturbo joined hands to provide high-speed technology in air compression to their customers. Tamturbo is an industrial oil-free air compressor manufactures and provides its products and services at an efficient cost. This partnership will strengthen the product portfolio of Sulzer Ltd. and helps in providing its customer high-speed technology in air compressors.

Research Methodology

The market study of the European industrial air compressor market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. European Industrial Air Compressor Market Research and Analysis by Type
2. European Industrial Air Compressor Market Research and Analysis by Technology
3. European Industrial Air Compressor Market Research and Analysis by End-Users

The Report Covers

• Comprehensive research methodology of the European industrial air compressor market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European industrial air compressor market.
• Insights about market determinants which are stimulating the European industrial air compressor market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.