Asia Pacific Air Compressor Market Share Estimated to Boom at $40bn by 2024
Rising demand for home appliances such as air conditioner and refrigerators will be the key drivers for the Asia Pacific air compressor market in the forecast period. Additionally, improving living standards in the developing nations such as India, South Africa, Mexico, Brazil, etc. will favorably influence the product demand over the forecast timeframe. According to the Graphical Research new growth forecast report titled Asia Pacific Air Compressor Market By Technology (Rotary, Reciprocating, Centrifugal), By Product (Portable, Stationary), By Lubrication (Oil Free, Oil Filled), By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Semiconductors & Electronics, Manufacturing, Healthcare [Medical, Dental]) estimated to cross over USD 40 billion by 2024.
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In terms of product, the market is divided into stationary and portable air compressors. In 2018, stationary product segment captured 99.77% of the overall market. The stationary segment covers a wide range of air compressors from automotive to refrigerators to small & medium scale industrial products. The technology segment includes rotary, reciprocating, and centrifugal compressors. The different types of rotary compressors further differs with lobe design. Rotary compressors are slowly replacing the other similar product types owing to its lower cost, maintenance and better efficiency. The product demand is also segmented on the basis of lubrication in the machine which includes, oil filled and oil free product types.
The air compressors are used in wide range of applications suquoch as home appliances, food & beverage, oil & gas, energy, semiconductors & electronics, manufacturing, healthcare and others. In 2018, home appliances segment captured more than 70% in the total market, where the small scale products are used in refrigerators and air conditioners manufacturing. Production of such product is currently increasing in China, indicating a growing demand for product in Asia Pacific over the forecast period. On the other hand, large scale products are used for segments such as industrial, oil & well, automotive, energy, etc. Among them, rising product demand from automotive in Asia Pacific will be another factor supplementing the business size over the forecast period.
Asia Pacific air compressor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Segments Covered in this Report:
Asia Pacific Air Compressor Market Size, By Technology- Rotary
- Screw
- Scroll
- Others
- Reciprocating
- Centrifugal
- Portable
- Stationary
Asia Pacific Air Compressor Market Value, By Lubrication
- Oil Free
- Oil Filled
- Home Appliances
- Food & Beverage
- Oil & Gas
- Energy
- Semiconductors & Electronics
- Manufacturing
- Healthcare
- Medical
- Dental
- Others
- Mining & construction
- Municipal
- Others
Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1223/asia-pacific-air-compressor-market
Key Asia Pacific air compressor market participants includes Sullair LLC, Atlas Copco, Kaeser Kompressoren SE, Rolair Systems, Gardner Denver, Ingersoll-Rand plc, Doosan Group, Elgi Compressors USA, Inc, Sullivan-Palatek, Inc., Hubei Teweite Power Technology Company Limited., Hitachi Industrial Equipment Systems Co Ltd etc.
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