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Asia Pacific Portable Air Compressor Market to Amass $4.5 Bn by 2024
Published Date: 2019-09-03
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According to the Graphical Research new growth forecast report titled Asia Pacific Portable Air Compressor Market By Technology (Rotary, Reciprocating), By Application (Building & Construction, Food & Beverage, Oil & Gas, Energy, Semiconductor & Electronics, Manufacturing, Healthcare [Medical, Dental], Mining & Construction, Municipal), By Lubrication (Oil Free, Oil Filled), Industry Analysis Report, Regional Outlook (China, India, Japan, Australia, Indonesia, Malaysia)”, to exceed USD 4.5 billion by 2024.
Rising regional automotive production will be the chief factor propelling the growth of Asia Pacific portable air compressor market. Automotive production in China recorded a growth of over 45% between 2010 and 2018. In 2018, India witnessed a year-on-year growth of more than 7% in its automotive production and Japan produced over 30,000 more automotive units as compared to the production in 2017. Rapid growth in the regional automotive production can be ascribed to rising disposable income, development in living standard, increasing demand for commercial vehicles, etc. Initiatives by Indian Government such as NATRiP and Make in India to transform the country into automotive research and manufacturing hub respectively has attracted significant investment from many foreign players. Some of the global automotive manufacturers have established their manufacturing facility in the region owing to low cost labor coupled with promising automotive trends. Portable air compressors are extensively used in automotive sector for vehicle assembly, engine construction, air conditioner, etc. Growing regional automotive industry will thus propel the product’s demand in near future. Strict government regulations regarding the usage of air compressor may hinder the product demand in near future.
Reciprocating product category will have substantial market share throughout the forecast timespan. Air compression in reciprocating portable air compressor is done with the help of a piston, moving inside a cylinder. This product type is widely used for industrial applications as a power source for pneumatic equipment and tools. Oil-free segment will have substantial market share throughout the forecast timespan. It can be ascribed to increasing demand for pure air in food & beverage, healthcare and electronics industries.
Food & beverage application segment will have more than 4.5% CAGR throughout the forecast timespan. This application segment will be majorly augmented by increasing use of pure air for packaging, fluid pumping, air knives, etc. in food processing industries. Impressive growth of the regional food and beverage industry in the last decade will propel the product demand in near future.
Key Asia Pacific portable air compressor market participants includes Atlas Copco, Gardner Denver, Kaeser Kompressoren, Sullair, Ciasons Industrial, Quincy, Ingersoll-Rand, Rolair Systems, etc.
Asia Pacific portable air compressor market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2013 to 2024, for the following segments:
Segments Covered in this Report:
Asia Pacific Portable Air Compressor Market Share, By Technology
Asia Pacific Portable Air Compressor Market Size, By Lubrication
Asia Pacific Portable Air Compressor Market Value, By Application
- Home appliances
- Food & beverage
- Oil & gas
- Semiconductor & electronics
- Mining & construction
The above information is provided on a country basis for the following:
- Asia Pacific