France Air Compressor Market by Type (Portable and Stationary), by Technology (Rotary Screw, Centrifugal, and Reciprocating), by Lubrication Type (Oil-Free, and Oil-Injected/Flooded), by Power Rating (0-100 Kw, 101-300 Kw, 301-500 Kw, and 501 Kw & Above), by Cooling Method (Air Cooled and Water Cooled), and by Industry Vertical (Manufacturing, Construction, Oil & Gas, Healthcare, and Others) – Opportunity Analysis and Industry Forecast, 2024– 2030
Industry: Construction & Manufacturing | Publish Date: 19-Jun-2024 | No of Pages: 143 | No. of Tables: 108 | No. of Figures: 73 | Format: PDF | Report Code : N/A
France Air Compressor Market Overview
The France Air Compressor Market size was valued at USD 406.4 million in 2023, and is projected to reach USD 657.9 million by 2030, at a CAGR of 6.6% from 2024 to 2030. In terms of volume, the market size was 12 thousand units in 2023, and is projected to reach 23 thousand units by 2030, with a CAGR of 9.9% from 2024 to 2030. An air compressor is an essential mechanical device used across various industries to generate compressed air, that is vital for many applications.
It primarily converts power from sources such as electric motors or diesel engines into potential energy stored as compressed air. This pressurized air is then used to power pneumatic tools and equipment, inflate tires, supply air to HVAC systems for climate control, and support industrial processes such as spray painting and packaging. Essentially, an air compressor provides a reliable source of compressed air, crucial for a wide range of tasks and operations in diverse business and industrial environments.
Growing Chemical Industry Increases the France Air Compressor Market Demand
The prominence of the chemical industry in France is significantly impacting the country's air compressor market. Chemical manufacturing relies heavily on-air compressors for processes such as pneumatic conveying, mixing, and packaging.
According to the European Chemical Industry Council report 2022, France is the second largest chemical producer in Europe. The industry generated a turnover of USD 103.46 billion with a capital spending of around USD 4.27 billion in 2021.
As the country hosts several leading chemical companies, there is a substantial demand for air compressors to support their production operations. This demand drives innovation and competition in the France air compressor market, leading to the development of more advanced and efficient compressor technologies tailored to the specific needs of the chemical industry in France.
Emphasis in Energy-Efficiency Boosts the France Air Compressors Market Growth
The growing emphasis on energy efficiency in France is leading to companies operating in the country such as Atlas Copco, ElGi Compressor, and Elneo to launch energy efficient air compressor, to provide an alternative solution to traditional diesel counterpart.
For instance, in July, 2023, Atlas Copco launched the XATS 900E, an electric portable compressor equipped with a 160kW motor that is highly efficient and quiet in operation. The electrically powered unit is enclosed in a silenced acoustic canopy, with sound levels of 73db(A) at 7 metres. The launch of such efficient air compressors in the French market ensures less usage of energy to generate the required compressed air, leading to reduced utility costs and operational expenditures.
High Initial and Maintenance Costs Hinders the Growth of the France Air Compressor Market
The initial cost of air compressors, coupled with the need for regular maintenance such as filter changes, lubrication, and inspections, adds to the total cost of ownership.
This financial burden serves as a limiting factor for the France air compressor market. As a result, small and medium-sized businesses often hesitate to invest in new air compressed systems or upgrade their existing ones and it is slowing down the market expansion.
The Integration of IoT Sensors and Cloud Platforms is Expected to Create Ample Growth Opportunity for the Market
The incorporation of IoT sensors and cloud platforms into air compressors is poised to unlock future growth opportunities within the France air compressor market. This integration facilitates remote monitoring, predictive maintenance, and performance optimization of compressors. IoT sensors, embedded within air compressors, continuously gather real-time data on critical parameters such as temperature, pressure, and energy consumption.
Subsequently, this data is transmitted to cloud platforms where advanced analytics algorithms analyse it to identify potential issues, forecast maintenance requirements, and enhance compressor operations. Through harnessing IoT and cloud technologies, organizations can minimize downtime, improve equipment reliability, and optimize energy usage, thereby fueling demand for intelligent air compressor solutions and stimulating market expansion.
Competitive Landscape
The market players operating in the France air compressor industry include 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., and Anest Iwata among others.
France Air Compressor Market Key Segments
By Type
-
Portable
-
Stationary
By Technology
-
Rotary Screw
-
Centrifugal
-
Reciprocating
By Lubrication Type
-
Oil-Free
-
Oil-Injected/Flooded
By Power Rating
-
0-100 kW
-
101-300 kW
-
301-500 kW
-
501 kW & Above
By Cooling Method
-
Air Cooled
-
Water Cooled
By Industry Vertical
-
Manufacturing
-
Construction
-
Oil & Gas
-
Healthcare
-
Others
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 406.4 Million |
|
Revenue Forecast in 2030 |
USD 657.9 Million |
|
Growth Rate |
CAGR of 6.6% from 2024 to 2030 |
|
Market Volume in 2023 |
12 thousand units |
|
Unit Forecast in 2030 |
23 thousand units |
|
Volume Growth Rate |
CAGR of 9.9% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
-
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
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