DUBLIN, Sept. 17, 2019 /PRNewswire/ -- The "Asia-Pacific (APAC) Compressor Market (2013-2023)" report has been added to ResearchAndMarkets.com's offering
By 2023, the APAC compressor market is projected to advance to $23.3 billion
The market has been experiencing notable growth, primarily because of the expanding automotive industry, predominantly passenger vehicles, along with the increase in demand for electric vehicles.
On the basis of type, the APAC compressor market is divided into dynamic and positive displacement compressors. Among these, the positive displacement compressor category held the larger revenue share in 2017, and is also projected to dominate the domain during the forecast period. The reason for the progress of this segment is the demand for rotary compressors. Furthermore, positive displacement compressors are used in different application areas, including HVAC-R, industrial manufacturing, power, automotive, food and beverage, and construction.
Now, on the basis of dynamic compressors, the APAC compressor market is categorized into axial flow and centrifugal compressors. Out of these, the centrifugal compressor category held the larger market share in 2017. Centrifugal compressors serve the purpose of compressing gases, due to which these are heavily used in the oil and gas industry.
The oil and gas industry in APAC is predicted to offer tempting opportunities to centrifugal compressor manufacturers, owing to government policies. For instance, China is predicted to be the largest contributor to the centrifugal compressor market, driven by its coal-to-gas switch policy, which seeks to lower the usage of coal.
Increasing disposable income in developing countries, such as India and China, apart from advancements in technology is one of the key factors driving the growth of the automotive industry in APAC. For instance, from 2012 to 2017, the sales of all kinds of vehicles grew by almost 50.0% in China, whereas in India, the growth witnessed was around 24.0%. Thus, the prosperity of the automobile sector is aiding the growth of the APAC compressor market.
Specifically taking about India, the compressor market is estimated to witness rapid advance both in terms of sales volume and revenue generation, during the forecast period, majorly due to the growth of the construction industry and small businesses. India's construction industry is anticipated to generate around $1 trillion by 2025; therefore, it would lead to a huge demand for compressors.
Further, India manufactured over 4 million vehicles in 2017, and this number is anticipated to grow at a high rate during the analysis period. Hence, the growing automotive and construction industries and SMEs, are expected to drive the APAC compressors market.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Compressor Type
4.1.1.1 Positive Displacement
4.1.1.1.1 Reciprocating
4.1.1.1.1.1 In-line
4.1.1.1.1.2 V Shaped
4.1.1.1.1.3 Tandem Piston
4.1.1.1.1.4 Single-acting
4.1.1.1.1.5 Double-acting
4.1.1.1.1.6 Diaphragm
4.1.1.1.2 Rotary
4.1.1.1.2.1 Screw
4.1.1.1.2.2 Vane
4.1.1.1.2.3 Lobe and Scroll
4.1.1.2 Dynamic
4.1.1.2.1 Centrifugal
4.1.1.2.2 Axial
4.1.2 By Lubrication Type
4.1.2.1 Oil-free
4.1.2.2 Oil-flooded
4.1.3 By Portability
4.1.3.1 Portable
4.1.3.2 Stationary
4.1.4 By Pressure
4.1.4.1 Ultra-low-pressure
4.1.4.2 Low-pressure
4.1.4.3 Medium-pressure
4.1.4.4 High-pressure
4.1.4.5 Hyper-pressure
4.1.5 By Applications
4.1.5.1 Construction
4.1.5.2 Power
4.1.5.3 Industrial Manufacturing
4.1.5.4 HVAC-R
4.1.5.5 Chemical and Cement
4.1.5.6 Oil and Gas
4.1.5.7 Automotive
4.1.5.8 Food and Beverage
4.1.5.9 Textile
4.1.5.10 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Oil free air compressors
4.3.1.2 Energy efficient air compressors
4.3.2 Drivers
4.3.2.1 Surging automotive industry in APAC
4.3.2.2 Increasing infrastructure spending in APAC
4.3.3 Restraints
4.3.3.1 High initial cost
4.3.4 Opportunities
4.3.4.1 Growing food and beverage industry in APAC
4.3.4.2 Growing gas pipeline network in APAC
4.4 Porter's Five Forces Analysis
Chapter 5. APAC Market Size and Forecast
5.1 By Type
5.2 By Lubrication Type
5.3 By Portability
5.4 By Pressure
5.5 By Application
5.6 By Country
Chapter 6. China Market Size and Forecast
Chapter 7. Japan Market Size and Forecast
Chapter 8. India Market Size and Forecast
Chapter 9. South Korea Market Size and Forecast
Chapter 10. Rest of APAC Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 List of Key Players
11.2 Market Share Analysis of Key Players
11.3 Competitive Benchmarking of Key Players
11.4 Recent Activities of Major Players
11.5 Strategic Developments of Key Players
Chapter 12. Company Profiles
- Rechi Precision Co
- Elgi Equipments Ltd
- Kaeser Kompressoren SE
- Ingersoll-Rand plc
- Atlas Copco AB
- Kobe Steel, Ltd.
- Anest Iwata Corporation
- Hitachi, Ltd.
- Zhe Jiang Hongwuhuan Machinery Co., Ltd
- MAHLE GmbH
- Hanon Systems
- Toyota Industries Corporation
For more information about this report visit https://www.researchandmarkets.com/r/jd0mg7
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Related Links
http://www.researchandmarkets.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article