November 18, 2020
According to the research report titled ‘Europe Portable Air Compressor Market Size, By Technology, Lubrication, Application, Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Europe portable air compressor market is expected to cross a valuation of USD 1.25 billion by the year 2026.
Rapid expansion of food & beverage, construction, manufacturing, semiconductor, and electronics sectors, strict regulatory outlook pertaining to carbon footprint, growing demand for lightweight and advanced compressed air solutions, and technological advancements are key factors propelling the growth of Europe portable air compressor market.
It is to be noted that portable air compressors offer various benefits such as easy maintenance, reduced noise, high efficiency, and ease of transportation. In addition to this, concentration of major companies in the region and focus among them towards expanding their manufacturing capabilities are contributing towards Europe portable air compressor industry remuneration.
In terms of technology type, Europe portable air compressor market share from reciprocating segment is expected to grow with a CAGR of 3.4% between 2020 and 2026. Widespread adoption of single as well as double stage reciprocation portable compressors across various industrial applications in order to power compact pneumatic power tools is facilitating the business scenario in Europe.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3001300/
By lubrication type, oil-free segment of Europe portable air compressor industry is expected to amass revenues worth USD 340 million by the year 2026. Oil-free air compressors are extensively used in electronics & semiconductor, healthcare, food & beverage, as well as pharmaceutical industries. Thus, rapid expansion of these industries along with technological advancements in oil-free air compressors are favoring the overall market outlook.
Highlighting the application scope, Europe portable air compressor industry size from food & beverage as well as semiconductor & electronics applications is predicted to expand with a CAGR of 4% through 2026. Portable compressed air systems are widely used in food & beverage sector for cooling & freezing, packaging, and pelleting processes. Apart from this, rising adoption of advanced sensors in flourishing semiconductor & electronics industry is positively impacting the overall market outlook in Europe.
Considering the geographical landscape, U.K. captured 8.1% share in Europe portable air compressor market in the year 2019 and is likely to generate considerable revenues in the ensuing years. Rapid development of lightweight and noiseless portable compressed air solutions along with booming manufacturing and electronics verticals are positively swaying the business dynamics in the U.K.
The major companies operating in Europe portable air compressor market are Kaeser Kompressoren SE, Oasis Manufacturing, Danfoss, Quincy Compressor LLC, Doosan Portable Power, MAT Holdings Inc., ELGi Equipment Ltd., Sullivan-Palatek Inc., Ingersoll-Rand plc (Trane Technologies plc), Sullair LLC, ROLAIR Systems, and Atlas Copco among others.
Question & Answer: Europe Portable Air Compressor Market
Question 1: What factors are impelling the demand for portable air compressors in Europe?
Answer: Rapid expansion of food & beverage, construction, manufacturing, semiconductor, and electronics sectors, strict regulatory outlook pertaining to carbon footprint, growing demand for lightweight and advanced compressed air solutions, and technological advancements are key factors propelling the growth of Europe portable air compressor market.
Question 2: Why is Europe witnessing high demand for reciprocating portable air compressors?
Answer: Widespread adoption of single as well as double stage reciprocation portable compressors across various industrial applications in order to power compact pneumatic power tools is facilitating Europe portable air compressor market outlook.
Question 3: How is the competitive terrain of Europe portable air compressors industry defined?
Answer: The major companies operating in Europe portable air compressor market are Kaeser Kompressoren SE, Oasis Manufacturing, Danfoss, Quincy Compressor LLC, Doosan Portable Power, MAT Holdings Inc., ELGi Equipment Ltd., Sullivan-Palatek Inc., Ingersoll-Rand plc (Trane Technologies plc), Sullair LLC, ROLAIR Systems, and Atlas Copco among others.