Asia-Pacific industrial air compressor market is estimated to grow at the fastest CAGR of around 5.3% during the forecast period. The growth of the Asia-Pacific industrial air compressor industry is primarily driven by China and India’s fast-paced economies and significant growth in the coal, and oil and gas sector. According to the BP PLC, the natural gas production in Asia-Pacific stood at 481.5 Mtoe (millions of tons oil equivalent) in 2015 which substantially increased to 543.2 Mtoe in 2018, accounting for an increase of around 12.8% over the period 2015-2018. The increasing natural gas production across economies of the region is among the key factors to promote market growth in the region.
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Moreover, the manufacturing activities in the electronics, automotive, chemical, and pharmaceutical industries of the region are growing considerably owing to the cohesive government initiatives. For instance, in August 2019, the Government of India permitted 100% FDI in contract manufacturing through automatic route. Further, in February 2019, the Union Cabinet of India passed the National Policy on Electronics (NPE) which has envisaged the creation of nearly $400 billion electronics manufacturing industry in the country by 2025. Apart from this, Japan, Australia, South Korea, and Taiwan are other key economies that are growing at a significant rate in the market, owing to the growing investment in energy-efficient industrial air compressors coupled with the growing industrialization.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Asia-Pacific Industrial Air Compressor Market by Type
- Portable
- Stationary
Asia-Pacific Industrial Air Compressor Market by Technology
- Dynamic Displacement Compressors
- Axial Flow Air Compressors
- Centrifugal Compressors
- Positive Displacement Compressors
- Rotary Air Compressors
- Reciprocating Compressors
Asia-Pacific Industrial Air Compressor Market by End-User
- Food & Beverages
- Oil & Gas
- Energy and Power
- Manufacturing
- Automotive
- Others (Construction and Mining)
Regional Analysis
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- Anest Iwata Corp.
- Atlas Copco AB
- BAC Compressors
- BAUER COMPRESSORS INC.
- BOGE Anlagenbau GmbH & Co. KG
- Curtis-Toledo, Inc
- DENAIR Group
- ELANG Group
- ELGi Compressors s.r.l.
- General Electric Co.
- Hitachi Ltd.
- Indo-Air Compressors Pvt. Ltd.
- Ingersoll-Rand PLC
- P. Sauer & Sohn Maschinenbau GmbH
- Kaeser Kompressoren SE
The Report Covers
- Comprehensive research methodology of the Asia-Pacific industrial air compressor market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific industrial air compressor market.
- Insights about market determinants which are stimulating the Asia-Pacific industrial air compressor market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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