APAC Compressor Market

1
2022
APAC Compressor Market Expected to Boom in India
in Future
2
The Asia-Pacific (APAC) compressor market
attained a value of 19.9 billion in 2019, and it
is predicted to advance at a CAGR of 3.2 between
2020 and 2030. Furthermore, the market will
generate a revenue of 25.7 billion by 2030. The
factors driving the market expansion are the
expansion of the heating, ventilation, and air
conditioning (HVAC) and automotive industries and
the surging investments being made in
infrastructural development and gas pipeline
projects in the region. The soaring
infrastructure spending of several APAC countries
such as India and China is fueling the growth of
the market. For instance, China currently has
many infrastructural projects in the pipeline,
with the transportation sector being one of the
major contributors. The country announced the
launch of urban rail projects worth 43.3 billion
(CNY 298 billion) in Shanghai in December 2018.
Similarly, the Indian government has recently
announced its decision of building 100 smart
cities and renovating other 500 cities.
  Request for sample copy of this report
https//www.psmarketresearch.com/market-analysis/a
pac-compressor-market/report-sample   Subsequently
, the government announced a budget of 13.9
billion (INR 980 billion) for developing 100
cities and 6.8 billion (INR 480 billion) for
renovating 500 others. The rapid expansion of the
automotive industry is also propelling the
advancement of the APAC compressor market. This
is because compressors are increasingly being
used in several applications throughout the
automobile manufacturing process. Compressors are
majorly used in tire inflation, engine
construction, car painting, and air-conditioning
systems in the automotive industry.
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As per reports, the automotive industry
registered a growth of nearly 35, in terms of
vehicle sales, from 2012 to 2019 in China and
around 22 in vehicle sales in India from 2012 to
2018. Depending on type, the APAC compressor
market is bifurcated into positive displacement
and dynamic. Between these, the positive
displacement bifurcation held the larger share in
the market in 2019, due to the extensive
requirement for rotary type of compressors.
Moreover, because of the surging usage of these
compressors in several applications such as
automotive, heating, ventilation, air
conditioning, and refrigeration (HVAC-R),
industrial manufacturing, power, construction,
and food and beverage, the category is predicted
to dominate the market in the forthcoming years.
When application is taken into consideration, the
market is categorized into power, construction,
industrial manufacturing, HVAC-R, chemical and
cement, oil and gas, automotive, food and
beverage, textile, agriculture, research, and
healthcare. Browse full report at
https//www.psmarketresearch.com/market-analysis/a
pac-compressor-market   Out of these, the
automotive category contributed the highest
revenue to the market in 2019, on account of the
large-scale manufacturing of motor vehicles,
mainly electric vehicles, globally. The APAC
compressor market will demonstrate the fastest
growth in India in the coming years, as per the
estimates of PS Intelligence, a market research
company based in India. This will be because of
the surging automobile manufacturing and the
expanding industrial sector in the country.
Hence, the market is certain to exhibit rapid
progress in the coming years, primarily because
of the expansion of the HVAC and automotive
industries, soaring usage of compressors in these
industries, and the booming construction sector
in several APAC countries.
4
Market Segmentation

• Market Segmentation by Type
• Positive Displacement
• Reciprocating
• In-line
• V-shaped
• Tandem piston
• Single-acting
• Double-acting
• Diaphragm
• Rotary
• Screw
• Vane
• Lobe and scroll
• Dynamic
• Centrifugal
• Axial flow
• Market Segmentation by Lubrication Type

• Market Segmentation by Portability
• Portable
• Stationary
• Market Segmentation by Pressure
• Market Segmentation by Application
• Construction
• Heating, Ventilation, Air Conditioning, and
  Refrigeration (HVAC-R)
• Chemical and Cement
• Automotive
• Oil and Gas
• Food and Beverage
• Textile
• Market Segmentation by Country
• China Compressor Market
• India Compressor Market
• Japan Compressor Market
• South Korea Compressor Market

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