The European Union market for turbo, rotary, and reciprocating displacement compressors is expected to continue growing in the coming years, driven by rising demand. From 2024 to 2035, the market is forecast to expand at a compound annual growth rate (CAGR) of 2.8%, bringing the market volume to 50 million units by 2035. In terms of value, the market is projected to grow at a CAGR of 3.1%, reaching a market value of $6.2 billion (in nominal wholesale prices) by the end of the period.
In 2024, the consumption of turbo, rotary, and reciprocating displacement compressors increased to 37 million units after two years of decline. From 2013 to 2024, the total consumption saw steady growth, rising at an average annual rate of 4.8%. While the market experienced some fluctuations during this period, it is expected to maintain a positive growth trajectory in the near future.
The market revenue for turbo, rotary, and reciprocating displacement compressors surged to $4.5 billion in 2024, reflecting a 16% increase compared to the previous year. This figure includes revenues from producers and importers but excludes logistics, retail marketing, and retailer margins. Over the past decade, the market value increased at an average annual rate of 2.5%. Although the market peaked at $5.2 billion in 2021, it remained at a lower level from 2022 to 2024.
Related topics：
- Sweden Supplies Breathing Air Compressors to Armed Forces
- Global Centrifugal Compressors Market to Reach US$ 13.50 Billion by 2033
- Dutch Agriculture Set for Clean Air Revolution with $6.3M Compressor Deal
