Asia-Pacific 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/apac-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.

3. 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/apac-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 P&S 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

5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. the information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. • For queries related to sales, contact us at: • enquiry@psmarketresearch.com • US/Canada Toll-Free: 1-888-778-7886 • International: +1-347-960-6455 • India: +91 120 4541 337 To know more about us, visit our website psmarketresearch.com