Europe Oil Free Air Compressor Market Size & Outlook
Europe oil free air compressor market, 2018-2030 (US$M)
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Europe oil free air compressor market highlights
- The Europe oil free air compressor market generated a revenue of USD 3,808.8 million in 2023.
- The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, stationary was the largest revenue generating product in 2023.
- Portable is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,808.8 million |
| Market revenue in 2030 | USD 5,111.4 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Stationary |
| Fastest growing segment | Portable |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Portable, Stationary |
| Key market players worldwide | Atlas Copco AB Class A, Hanwha, Ingersoll Rand Inc, Kaeser Kompressoren, Doosan Fuel Cell Ordinary Shares, Hitachi Ltd, Anest Iwata |
Other key industry trends
- In terms of revenue, Europe region accounted for 30.8% of the global oil free air compressor market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,857.9 million by 2030.
Stationary was the largest segment with a revenue share of 55.76% in 2023. Horizon Databook has segmented the Europe oil free air compressor market based on portable, stationary covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for oil free air compressors in Europe has been increasing in recent years due to various factors such as environmental concerns, health and safety regulations, and the need for higher quality compressed air across industries such as food and beverage, pharmaceuticals, and electronics.
As a result, many industries in Europe are switching to oil free air compressors to meet their compressed air needs while also addressing environmental and safety concerns. Some of the leading manufacturers of oil free air compressors in Europe include Atlas Copco AB, Ingersoll Rand, and Kaeser Kompressoren AG.
For instance, in February 2022, M.R. Organisation, a provider of compressor equipment, accessories, and parts, announced the acquisition of Standard Air Limited, an air compressor component manufacturer based in the UK.
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Oil Free Air Compressor Market Scope
Oil Free Air Compressor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe oil free air compressor market size, by country, 2018-2030 (US$M)
Europe Oil Free Air Compressor Market Outlook Share, 2023 & 2030 (US$M)
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