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    Asia Pacific Air Compressor Market Size, By Product (Portable, Stationary), By Technology (Rotary [Screw, Scroll], Reciprocating, Centrifugal), By Lubrication (Oil-free, Oil-filled), By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Commercial, Manufacturing, Healthcare [Medical, Dental]), Mining & Construction, Transportation), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
    Published Date: October 2020   |   Report ID: GR1223   |   Delivery: PDF  Request Free Sample

    Industry Trends

    Asia Pacific Air Compressor Market Size was over USD 25 billion in 2019 and will grow at a CAGR of more than 5.5% up to 2026.


    Asia Pacific Air Compressor Market

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    Growth in the product demand can be attributed to the growth of its application industries such as food & beverages, home appliances, energy, automotive, healthcare, etc. Increasing home appliances demand owing to the rising living standards will have a positive impact on the air compressor market. Furthermore, the rapidly growing regional automotive industry coupled with oil exploration and mining activities will drive the regional market in the next few years. The highly potential healthcare and energy industries in India and China will further fuel product demand.

    The stationary segment dominated the market with a share of over 97% in 2019 and likely to grow at a CAGR of 6% during the projected timespan. It covers a wide product range from refrigerator & air conditioning air and automotive air compressors to medium to large capacity industrial air compressors used in different manufacturing facilities, warehouses, and workshops. Portable air compressors, on the other hand, consist of all hand-carried, wheel-mounted, utility-mounted, and offshore compressors. These compressors are used in household applications, such as painting & tire inflation, and oil exploration, construction, & mining activities where compressed air is required at various points rather than in a fixed location. Demand for portable air compressors will witness high growth in China and India owing to rising oil & gas exploration, construction, and infrastructural development activities. The highly developing manufacturing sector in China and India will propel the regional demand for stationary products. Furthermore, advancements in compressor technology will have a significant influence on the prices of small capacity hermetic air compressors.

    Air compressors work on three basic technologies including rotary, reciprocating, and centrifugal. Different categories of rotary compressors include screw, scroll, and other types such as vane, lobe, etc. Rotary air compressors have been substituting reciprocating air compressors from the past few years and will continue to do so in the coming years. They require low maintenance, deliver better efficiency, and have comparatively lower initial costs. Due to this, the reciprocating segment demand has been limited to application areas where the required air compressor power is below 30 hp. Centrifugal air compressors are primarily used when the required compressed air capacity is high and continuous, making the product comparatively higher priced than other air compressors.

    Air compressors can either be lubricated by oil or air. Oil lubricated or oil-filled air compressors are popularly used owing to their low cost and durability. They also deliver more power and hence are extensively used in heavy-duty applications such as oil rigs, manufacturing facilities, automobiles, etc. These compressors are considered more reliable among end-users. The development of food-grade lubricants is also expected to enhance the use of oil-filled air compressors in the food & beverage sector. Oil-free compressors are gaining popularity in the industry owing to their lighter weight and ability to provide uncontaminated compressed air. In application areas, oil contamination may lead to occupational hazards in the healthcare and electronics industries. High growth in the Asia Pacific electronics industry will significantly influence oil-free compressors in the coming years.

    Major companies working in the market are Atlas Copco, Emerson, GMCC, Bitzer, Gardner Denver, Kaeser, Ingersoll-Rand, Hubei Teweite Power Technology, Hitachi, Aerzen, Quincy, Zen Air, and Bauer.
     


    Frequently Asked Question(FAQ) :

    Which is major factor contributing to growth of Asia Pacific Air Compressor Market?
    Rising product use in home appliances such as refrigerator and air conditioners is attributed to the higher spending capacity of middle classes in Asia Pacific. Additionally, the product use is also expected to increase with rising global temperatures, which in turn will trigger its demand from electronics & appliances industry.
    What does the application segment of Asia Pacific Air Compressor Market include?
    The application segment of air compressor market includes, food & beverage, home appliances, oil & gas, semiconductors & electronics, energy, healthcare, manufacturing, and others.
    Which are Key market participants in Asia Pacific Air Compressor Market?
    Key Asia Pacific air compressor market participants includes Sullair LLC, Atlas Copco, Kaeser Kompressoren SE, Rolair Systems, Gardner Denver, Inc., 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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