Spain Oil Free Air Compressor Market Size & Outlook
Spain oil free air compressor market, 2018-2030 (US$M)
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Spain oil free air compressor market highlights
- The Spain oil free air compressor market generated a revenue of USD 282.2 million in 2023 and is expected to reach USD 381.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.4% 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.
Oil free air compressor market data book summary
| Market revenue in 2023 | USD 282.2 million |
| Market revenue in 2030 | USD 381.1 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Stationary |
| Fastest growing segment | Portable |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Spain accounted for 2.3% of the global oil free air compressor market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany oil free air compressor market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 618.0 million by 2030.
Stationary was the largest segment with a revenue share of 55.78% in 2023. Horizon Databook has segmented the Spain oil free air compressor market based on portable, stationary covering the revenue growth of each sub-segment from 2018 to 2030.
In Spain, the food & beverage industry is a substantial user of compressed air, especially due to a promising tourism sector. Oil free air compressors are preferred where compressed air comes into direct contact with food and beverages, as they eliminate the risk of oil contamination, ensuring high product quality.
Businesses and government in Spain are increasingly prioritizing sustainability and are seeking environmentally friendly solutions. Oil free air compressors are a sustainable choice as they do not produce oil-contaminated emissions.
In May 2022, ELGi Compressors Europe, a subsidiary of air compressor manufacturer ELGi Equipment Limited, introduced its air compressor portfolio in Spain tailored for use by small and large-scale manufacturing industries.
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Oil Free Air Compressor Market Scope
Oil Free Air Compressor Market Companies
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Spain oil free air compressor market size, by product, 2018-2030 (US$M)
Spain Oil Free Air Compressor Market Outlook Share, 2023 & 2030 (US$M)
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