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 likely to surpass a valuation of USD 22 billion by the year 2026.
 

Rapid industrialization and availability of an advanced healthcare infrastructure are some of the key factors driving the growth of Europe air compressor market. Increased pervasiveness of chronic conditions and escalating healthcare expenditure are also augmenting the demand for air compressors in the region.
 

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Rising R&D activities in tandem with rapid expansion of automotive sector are stimulating the overall industry outlook. However, high costs of the product coupled with strict regulatory outlook pertaining to noise & air pollution could act as a bottleneck to the expansion of Europe air compressor market.
 

Based on product landscape, the report states that Europe air compressor industry size from portable segment is predicted to expand with a CAGR of 7% during 2020-2026, owing to surging investments towards infrastructural development.
 

Moving on to technology type, the reciprocating segment captured 40% market share in 2019 and is likely to display similar growth trends in the upcoming years.
 

In terms of lubrication type, oil-free air compressor market segment is expected to register 4% CAGR through 2026, primarily driven by growing demand for lightweight and uncontaminated compressed air solutions.
 

Elaborating on the application landscape, the report states that home appliances segment accounted for 25% share in Europe air compressor market in 2019 and is set to record consistent growth throughout the study period.
 

The prominent companies operating in Europe air compressor market are Aerzener Maschinenfabrik GmbH, Sullivan-Palatek Inc., Trane Technologies plc (Ingersoll Rand), ELGi Air Compressors, Kaeser Compressors Inc., Emerson Technologies Inc., Hitachi Industrial Equipment Systems Co. Ltd., Sullair LLC, and Atlas Copco among others.