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. 

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. 

Asia-Pacific industrial air compressor market is segmented based on type, technology, and end-user. Based on the technology, the market is classified into dynamic displacement and positive displacement compressors. The dynamic displacement compressors segment is further segmented into axial flow air compressors and centrifugal compressors. Whereas the positive displacement compressors segment is further segmented into rotary air compressors and reciprocating compressors. Furthermore, rotatory compressors include lobe, screw, liquid ring, scroll & vane compressors while reciprocating includes diaphragm double-acting and single-acting compressors. Based on type, the market is classified into portable and stationary. Based on end-user, the market is segmented into food and beverage, oil and gas, manufacturing, energy & power, automotive, and others.

The companies which are contributing to the growth of the Asia-Pacific industrial air compressor market include Atlas Copco AB, BAUER COMPRESSORS INC., Ingersoll-Rand PLC, Hitachi Ltd., GE Oil & Gas, and Siemens AG.  The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups, and technological advancements to stay competitive in the market. 

Research Methodology

The market study of the Asia-Pacific industrial air compressor market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. Asia-Pacific Industrial Air Compressor Market Research and Analysis by Type
2. Asia-Pacific Industrial Air Compressor Market Research and Analysis by Technology
3. Asia-Pacific Industrial Air Compressor Market Research and Analysis by End-User

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.