The European industrial air compressor market is estimated to grow at a CAGR of around 3.8% during the forecast period (2024-2031). The market growth is driven by the rapid industrialization and increasing demand for energy-efficient compressors in the region. A significant rise in industrialization owing to the rise in government initiatives to promote industrialization and a substantial rise in the manufacturing sector, is additionally contributing to the market growth. European industrial air compressor market is segmented by technology (into dynamic displacement and positive displacement compressors), by type (into portable and stationary), by end-user (into food & beverages, oil and gas, manufacturing, energy, and power, automotive, and others) and by geography (into North America, Europe, Asia-Pacific, and Latin America and the Middle East and Africa).
The major players in the global cough remedies market include Ingersoll-Rand PLC, Kobe Steel Ltd., Sulzer Ltd., Stanley Black & Decker, Inc, Hitachi Ltd., GE Oil & Gas, and Siemens AG, among others. The market players are contributing significantly to the market growth by the adoption of various business strategies, such as product development, mergers and acquisitions, partnerships, and more.
Recent Developments
- In April 2023, ROTAIR SPA, a brand of ELGi Equipments Limited, announced the global launch of its MDVN34E and MDVN32B portable air compressors. The MDVN34E electric portable air compressor offers construction sites 3400 liters/min compressed air, without the use of internal combustion engines. It is useful in municipalities and sites where diesel engines are banned. The MDVN32B petrol portable air compressor offers a 40HP petrol engine variant capable of delivering 3200 liters/min at a constant 7 bar, within the Stage V parameters. The performance is equal to diesel Stage V engines. An optional generator will be available within the units’ architecture.
- In April 2023, ELGi unveiled its portfolio of oil-free, oil-lubricated compressors, and accessories at Hannover Messe. The products are designed for European customers. The compressors will have an integrated heat recovery system. The oil-lubricated screw compressor will feature a new permanent magnet synchronous motor.
- In February 2023, ELGi Compressors Europe presented compressed air innovations at the Hannover Messe Compressed Air and Vacuum exhibition in Hannover, Germany. The product portfolio included ELGi AB Series, ELGi OF Series, ELGi EG Series, ELGi LD Series, and data-driven, end-to-end compressed air system audit assessment and remote monitoring tools.
- In May 2022, ELGi Compressors Europe launched the LD Series, the portfolio catering to various sectors including manufacturing, auto industry suppliers, OEMs, and food & beverage. The new ELGi LD Series 2.2 – 11kW lubricated direct drive reciprocating air compressors are available in piston air compressor technology. It features a cast-iron direct-driven two-stage compressor mounted on an air receiver and equipped with a Star-Delta-Starter as a standard. The resulting line of compressors provides maximum reliability and durability for small to medium-sized industrial applications.
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