20-Jun-2024
The rapid growth of agricultural industry in the country is driving the Netherlands air compressor market demand during the forecast period.
The Netherlands Air Compressor Market was valued at USD 329.1 million in 2023, and is expected to reach USD 474.8 million by 2030, with a CAGR of 4.9% from 2024 to 2030, according to the new research by Next Move Strategy Consulting. In terms of volume, the market size was 10 thousand units in 2023, and is projected to reach 17 thousand units by 2030, with a CAGR of 8.1% from 2024 to 2030.
The rapid growth of the agriculture industry in the Netherlands is significantly driving the demand for air compressors. The agriculture sector relies on air compressors to power essential pneumatic tools and equipment such as seeders, sprayers, and irrigation systems, enhancing efficiency and productivity in various agricultural operations.
According to the Statistics Netherlands report 2024, the Netherlands exported agricultural goods valued at USD 132.05 billion in 2023, generating around USD 53.76 billion for the Dutch economy. This surge in the agricultural sector indicates a growing adoption of air compressors to ensure efficient grain handling and processing for tasks such as pneumatic conveying and sorting.
However, the initial cost of air compressors, combined with the need for regular maintenance such as filter changes, lubrication, and inspections, significantly adds to the total cost of ownership. These financial constraints hinder the growth of the air compressor market, causing small and medium-sized businesses to hesitate in investing in new systems or upgrading existing ones, potentially slowing market expansion.
On the contrary, the integration of IoT sensors and cloud platforms into air compressors is expected to drive future market growth. This technological advancement allows for remote monitoring, predictive maintenance, and performance optimization.
IoT sensors embedded in air compressors continuously collect real-time data on critical parameters such as temperature, pressure, and energy consumption. This data is then transmitted to cloud platforms, where advanced analytics algorithms analyze it to identify potential issues, forecast maintenance needs, and enhance compressor operations.
By leveraging IoT and cloud technologies, organizations can minimize downtime, improve equipment reliability, and optimize energy usage. This will boost the demand for intelligent air compressor solutions and stimulate market expansion in the Netherlands.
Several market players operating in Netherlands air compressor industry includes Atlas Copco Group, Ingersoll-Rand PLC, Hitachi Ltd., Siemens Energy AG, Kaeser Kompressoren, MAT Holding, Inc., Elgi Equipment Limited, Sulzer Ltd., Mitsubishi Heavy Industries, Ltd., Anest Iwata, and others.
The information related to key drivers, restraints, and opportunities and their impact on Netherlands air compressor market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The report provides an analysis of the Netherlands air compressor market share and competitive landscape of key players in the industry.
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