According to the research report titled ‘Europe Air Compressor Market Size, By Product, Technology, Lubrication, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Europe air compressor market is expected to surpass a valuation of USD 22 billion by the year 2026.
 

Availability of advanced healthcare infrastructure in Western Europe coupled with robust industrial advancements in Eastern European countries are some of the major factors driving the growth of Europe air compressor market. Increased pervasiveness of chronic conditions, escalating healthcare expenditure and increasing R&D activities have impelled the demand for air compressors in Europe, which in turn is augmenting the overall industry remuneration.
 

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Widespread adoption of the product in automobiles is also aiding Europe air compressor market expansion. However, high costs associated with compressed air solutions and strict regulations which focus on reducing air as well as noise pollution may inhibit the expansion of the industry.
 

Based on product spectrum, the market is divided into stationary and portable segments. Europe air compressor market share from portable segment is expected to grow with a CAGR of 7% between 2020-2026, primarily driven by increasing infrastructural development.
 

In terms of technology type, the industry is bifurcated into centrifugal, reciprocating, and rotary segments. The reciprocating segment captured 40% share in Europe air compressor industry and is likely to display similar growth trends by the year 2026.
 

Moving on to lubrication type, the market is split into oil-filled and oil-free segments. The oil-free segment is predicted to expand with a CAGR of 4% through 2026. Oil free air compressors are relatively lightweight and can supply uncontaminated air, which in turn is contributing towards their popularity across Europe.
 

The application scope of the overall industry consists of commercial, transportation, mining & transportation, healthcare, energy, oil & gas, food & beverage, and home appliances. The report states that home appliances held 25% share Europe air compressor market in 2019 and is slated to record consistent growth during the study duration.
 

The competitive landscape of Europe air compressor market is defined by companies such as Aerzener Maschinenfabrik GmbH, Sullivan-Paltek Inc., Ingersoll Rand Inc., Elgi Euipments Ltd., Kaeser Kompressoren SE, Emerson Electric Co., Hitachi Industrial Equipment Systems Co. Ltd., Sullair, and Atlas Copco Group among others.