Asia-Pacific (APAC) Compressor Market to Exceed $23 Billion by 2023 - Driven by the Exploding Automotive Industry - ResearchAndMarkets.com
The "Asia-Pacific
(APAC) Compressor Market (2013-2023)" report has been added to ResearchAndMarkets.com's
offering.
By 2023, the APAC compressor market is projected to advance to $23.3
billion.
The market has been experiencing notable growth, primarily because of
the expanding automotive industry, predominantly passenger vehicles,
along with the increase in demand for electric vehicles.
On the basis of type, the APAC compressor market is divided into dynamic
and positive displacement compressors. Among these, the positive
displacement compressor category held the larger revenue share in 2017,
and is also projected to dominate the domain during the forecast period.
The reason for the progress of this segment is the demand for rotary
compressors. Furthermore, positive displacement compressors are used in
different application areas, including HVAC-R, industrial manufacturing,
power, automotive, food and beverage, and construction.
Now, on the basis of dynamic compressors, the APAC compressor market is
categorized into axial flow and centrifugal compressors. Out of these,
the centrifugal compressor category held the larger market share in
2017. Centrifugal compressors serve the purpose of compressing gases,
due to which these are heavily used in the oil and gas industry.
The oil and gas industry in APAC is predicted to offer tempting
opportunities to centrifugal compressor manufacturers, owing to
government policies. For instance, China is predicted to be the largest
contributor to the centrifugal compressor market, driven by its
coal-to-gas switch policy, which seeks to lower the usage of coal.
Increasing disposable income in developing countries, such as India and
China, apart from advancements in technology is one of the key factors
driving the growth of the automotive industry in APAC. For instance,
from 2012 to 2017, the sales of all kinds of vehicles grew by almost 50%
in China, whereas in India, the growth witnessed was around 24.0%. Thus,
the prosperity of the automobile sector is aiding the growth of the APAC
compressor market.
Specifically taking about India, the compressor market is estimated to
witness rapid advance both in terms of sales volume and revenue
generation, during the forecast period, majorly due to the growth of the
construction industry and small businesses. India's construction
industry is anticipated to generate around $1 trillion by 2025;
therefore, it would lead to a huge demand for compressors.
Further, India manufactured over 4 million vehicles in 2017, and this
number is anticipated to grow at a high rate during the analysis period.
Hence, the growing automotive and construction industries and SMEs, are
expected to drive the APAC compressors market.
In recent times, the main focus of industries has been to develop
higher-capacity and energy-saving compressors. Key players, including
Elgi Equipments Limited, RECHI Precision Co. Ltd, Ingersoll-Rand plc,
Kaeser Kompressoren SE, Kobe Steel Ltd, Atlas Copco AB, Hitachi Ltd,
ANESI IWATA Corporation, MAHLE GmbH, Zhe Jiang Hongwuhuan Machinery Co.
Ltd, Toyota Industries Corporation, and Hanon Systems, are working
tirelessly toward achieving this.
Key Topics Covered
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by Lubrication Type
1.3.3 Market Segmentation by Portability
1.3.4 Market Segmentation by Pressure
1.3.5 Market Segmentation by Application
1.3.6 Market Segmentation by Country
1.3.7 Analysis Period
1.3.8 Market Data Reporting Unit
1.3.8.1 Value
1.3.8.2 Volume
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By country
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Compressor Type
4.1.1.1 Positive Displacement
4.1.1.1.1 Reciprocating
4.1.1.1.1.1 In-line
4.1.1.1.1.2 V Shaped
4.1.1.1.1.3 Tandem Piston
4.1.1.1.1.4 Single-acting
4.1.1.1.1.5 Double-acting
4.1.1.1.1.6 Diaphragm
4.1.1.1.2 Rotary
4.1.1.1.2.1 Screw
4.1.1.1.2.2 Vane
4.1.1.1.2.3 Lobe and Scroll
4.1.1.2 Dynamic
4.1.1.2.1 Centrifugal
4.1.1.2.2 Axial
4.1.2 By Lubrication Type
4.1.2.1 Oil-free
4.1.2.2 Oil-flooded
4.1.3 By Portability
4.1.3.1 Portable
4.1.3.2 Stationary
4.1.4 By Pressure
4.1.4.1 Ultra-low-pressure
4.1.4.2 Low-pressure
4.1.4.3 Medium-pressure
4.1.4.4 High-pressure
4.1.4.5 Hyper-pressure
4.1.5 By Applications
4.1.5.1 Construction
4.1.5.2 Power
4.1.5.3 Industrial Manufacturing
4.1.5.4 HVAC-R
4.1.5.5 Chemical and Cement
4.1.5.6 Oil and Gas
4.1.5.7 Automotive
4.1.5.8 Food and Beverage
4.1.5.9 Textile
4.1.5.10 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Oil free air compressors
4.3.1.2 Energy efficient air compressors
4.3.2 Drivers
4.3.2.1 Surging automotive industry in APAC
4.3.2.2 Increasing infrastructure spending in APAC
4.3.3 Restraints
4.3.3.1 High initial cost
4.3.4 Opportunities
4.3.4.1 Growing food and beverage industry in APAC
4.3.4.2 Growing gas pipeline network in APAC
4.4 Porter's Five Forces Analysis
Chapter 5. APAC Market Size and Forecast
5.1 By Type
5.1.1 Positive displacement, by Type
5.1.1.1 Positive displacement, by Reciprocating Type
5.1.1.2 Positive displacement, by Rotary Type
5.1.2 Dynamic, by Type
5.2 By Lubrication Type
5.3 By Portability
5.4 By Pressure
5.5 By Application
5.6 By Country
Chapter 6. China Market Size and Forecast
Chapter 7. Japan Market Size and Forecast
Chapter 8. India Market Size and Forecast
Chapter 9. South Korea Market Size and Forecast
Chapter 10. Rest of APAC Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 List of Key Players
11.2 Market Share Analysis of Key Players
11.3 Competitive Benchmarking of Key Players
11.4 Recent Activities of Major Players
11.5 Strategic Developments of Key Players
11.5.1 Mergers and Acquisitions
11.5.2 Product Launches
11.5.3 Partnerships
11.5.4 Facility Expansions
11.5.5 Client Wins
Chapter 12. Company Profiles
12.1 Rechi Precision Co. Ltd.
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.2 Elgi Equipments Limited
12.3 Kaeser Kompressoren SE
12.4 Ingersoll-Rand PLC
12.5 Atlas Copco AB
12.6 Kobe Steel Ltd.
12.7 ANEST IWATA Corporation
12.8 Hitachi Ltd.
12.9 Zhe Jiang Hongwuhuan Machinery Co. Ltd.
12.10 MAHLE GmbH
12.11 Hanon Systems
12.12 Toyota Industries Corporation
Chapter 13. Key Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/research/8pfkk2/asiapacific?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20190326005871/en/
Copyright Business Wire 2019
