Germany industrial air compressor market is estimated to grow modestly, at a CAGR of around 4.3% during the forecast period. Germany has a considerable market share in the European industrial air compressor market due to the developed food & beverage industry and huge gas production capacity. Germany is Europe’s largest food producer and the food & beverage industry represents the fourth largest industry sector in Germany. According to the German Trade and Invest (GTAI), Germany has nearly 82 million consumers of food and beverage products across the country. This number is expected to increase in the future years, making Germany a hotspot for the manufacturing of food and beverage products.
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Germany has the largest gas production capacity among EU5 economies. As per BP Statistics, in 2018, Germany produced 4.8 mtoe of total natural gas. Oil and gas exploration in Germany is a small industry compared to top producer countries, although, German exploration and supplier companies do play a vital role on the international level. Such wide pipeline infrastructure creates demand for industrial air compressors in the country, hence driving the market growth.
Germany industrial air compressor market is segmented based on type, technology, and end-user. Based on the technology, the market is classified into dynamic displacement and positive displacement compressors. The dynamic displacement compressors segment is further segmented into axial flow air compressors and centrifugal compressors. Whereas the positive displacement compressors segment is further segmented into rotary air compressors and reciprocating compressors. Furthermore, rotatory compressors include lobe, screw, liquid ring, scroll & vane compressors while reciprocating includes diaphragm double-acting and single-acting compressors. Based on type, the market is classified into portable and stationary. Based on end-user, the market is segmented into food and beverage, oil and gas, manufacturing, energy & power, automotive, and others.
The companies which are contributing to the growth of the Germany industrial air compressor market include Ingersoll-Rand PLC, Stanley Black & Decker, Inc, Hitachi Ltd., GE Oil & Gas, and Siemens AG. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups, and technological advancements to stay competitive in the market.
Germany Industrial Air Compressor Market- Market Segmentation
By Type
- Portable
- Stationary
By Technology
- Dynamic Displacement Compressors
- Positive Displacement Compressors
By End-Users
- Food & Beverages
- Oil & Gas
- Energy and Power
- Manufacturing
- Automotive
- Others (Construction and Mining)
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Company Profiles
- Atlas Copco AB
- BOGE Plant Construction GmbH & Co. KG
- General Electric Co.
- Hitachi Ltd.
- Ingersoll-Rand PLC
- Man Energy Solution SE
- Quincy Compressor LLC
- Senco Brands Inc.
- Siemens AG
- Stanley Black & Decker, Inc.
- Sulzer Ltd.
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