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Asia Pacific Reciprocating Air Compressor Market Forecast 2027 By Technology (Single-acting, Double-acting), By Product (Portable, Stationary), By Lubrication (Oil Free, Oil Filled), By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Semiconductor & Electronics, Manufacturing, Healthcare), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: August 2021 | Publisher: Graphical Research Report ID: GR1907 | Delivery : PDF  Request Free Sample

Asia Pacific Reciprocating Air Compressor Market size surpassed USD 11 billion in 2020 and is estimated to witness over 4.3% CAGR from 2021 to 2027. Increasing oil & gas exploration and production activities in the region will drive the market growth.

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The Asia-Pacific region accounts for over 30% revenue share in the reciprocating compressor industry. The presence of large-scale production facilities and set up of new facilities in the countries such as China and Japan will boost the market revenue. For instance, in October 2018, Kyocera Corporation announced the initiation of construction of new manufacturing facility dedicated towards electronics industry.

The growing automotive and HVAC industries in the region are boosting the Asia Pacific reciprocating air compressor market expansion. Ongoing initiatives to support electric vehicle adoption is increasing the vehicle production thereby driving the compressor demand in manufacturing facilities. In addition, expanding natural gas pipeline networks in the region have opened new opportunities for market revenue generation.

Stringent regulations regarding reciprocating air compressor operations will limit the market size. High noise generation and chances of oil leaks are restraining the adoption of these compressors. Further, the temporary closure of manufacturing facilities in the region due to COVID-19 has negatively impacted the revenue generation in 2020.

Asia Pacific Market, By Product

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The stationary product segment will observe around 4% growth rate through 2027. Stationary types are used in air conditioning systems, refrigerators, automotive industry and other manufacturing facilities, workshops, warehouses, etc. They are used in industries where compressor mobility is not required. The stationary reciprocating air compressors are the most widely used as the same sized compressor can supply more air at higher pressures when compared to the portable types.

Asia Pacific Market, By Technology

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The single acting technology segment value will reach USD 6.5 billion by 2027. Single-acting compressors operate hand-held pneumatic equipment up to 100 psi. A single operation type can help in making products faster, more efficient, and reliable. The increase in demand for household appliances is expected to promote product development.

Asia Pacific Market, By Lubrication

The oil free lubrication segment is expected to expand at 4% CAGR till 2027. Increasing demand for clean, pollution-free air from fast-growing healthcare industry will have a positive impact on the industry growth. Oil free reciprocating air compressors also offer industries to perform cost effective operations and are employed in end-use industries including electronics, food & beverage, home appliances, etc.

Asia Pacific Market, By Application

Food & beverage application segment will observe significant growth during the forecast period, as the industry needs continuous supply of pollution-free compressed air to achieve trouble-free operation. They are used in the food industry for palletizing and packaging food products. Further, they are used in refrigeration systems to continuously supply cold air.

Competitive Industry Landscape

Some of the key market participants include Emerson, Hubei Teweite Power Technology, Atlas Copco, Bitzer, GMCC, Ingersoll-Rand, Gardner Denver, Kaeser, Hitachi, Aerzen, Quincy, Bauer, and Zen Air.

The industry players are expanding their product portfolio to serve larger consumer base. For instance, in February 2018, Kaeser launched i.Comp Tower reciprocating compressor. These units are tough, powerful, compact, easy to maintain, efficient.

Frequently Asked Question(FAQ) :

The market for reciprocating air compressor in APAC surpassed USD 11 billion in 2020 and will grow at a CAGR of more than 4.3% from 2021 to 2027.
The stationary product segment could expand at a 4% CAGR through 2027 owing to its ability to supply more air at higher pressures across the APAC market.
The market value for reciprocating air compressor in Asia Pacific from the single acting technology segment is forecast to touch USD 6.5 billion by 2027 due to the rising demand for household appliances.
The oil free lubrication segment is likely to grow at a 4% CAGR through 2027 owing to the demand for pollution-free and clean air from end-use industries.

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