NEW YORK, Nov. 4, 2019 /PRNewswire/ --
ASEAN Air Compressor Market Research Report: By Type (Positive Displacement, Dynamic), Lubrication Type (Oil-Free, Oil-Flooded), Portability (Portable, Stationary), Pressure (Ultra-Low-Pressure, Low-Pressure, Medium-Pressure, High-Pressure, Hyper-Pressure), Application (Construction, Power, Industrial Manufacturing, HVAC-R, Chemical and Cement, Oil & Gas, Automotive, Food & Beverage, Textile), Geographical Outlook (Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam) - Industry Size, Share and Trend Analysis and Growth Forecast to 2024
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From garnering $902.9 million in 2018, the ASEAN air compressor market is predicted to generate $1,126.9 million by 2024, witnessing a 3.6% CAGR during the forecast period (2019–2024). A shift toward energy-efficient air compressors, flourishing automotive industry, and increasing construction activities are influencing the market positively. ASEAN, short for the Association of Southeast Asian Nations, has Vietnam, Laos, Cambodia, Brunei, Thailand, Singapore, Myanmar, the Philippines, Indonesia, and Malaysia as its members. A mechanical device which is used for increasing the air pressure by reducing its volume is termed as an air compressor.
Based on lubrication, the ASEAN air compressor market is bifurcated into oil-flooded and oil-free. In 2018, the larger value share in the market was accounted for by oil-flooded compressors all throughout the historical period (2014–2018) due to their high demand across various industries owing to their ability to provide high pressure. In the forecast period, oil-free compressors are expected to witness the higher CAGR as they are being heavily deployed in the food & beverage industry and hospitals because they release clean air
An inclination toward oil-free compressors can be observed in the ASEAN air compressor market. Industries such as oil & gas, automotive, textile, food & beverage, power, chemical, and manufacturing use compressors in high numbers. Oil-flooded air compressors lead to condensation and contamination of the air, which is making many companies switch to oil-free variants. In the food & beverage industry, for product packaging and handling, oil-free compressors are being used. Further, due to their lower discharge pressure, these compressors consume approximately 6.0% less energy than the oil-flooded type, therefore are high in demand.
The flourishing automotive industry in the region is a major contributor to the ASEAN air compressor market growth. Such devices are heavily used in the automotive industry for a range of purposes, such as engine construction, tire inflation, air conditioning systems, and vehicle painting. Countries such as Singapore, Thailand, and Malaysia are the leading car manufacturers here. In Indonesia, in 2018, 13.43 million cars were sold, compared to 1.22 million in 2017. Therefore, with increasing automobile sales and production, the demand for compressors in the region is growing.
ASEAN Air Compressor 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
Oil-Free
Oil-Flooded
Market Segmentation by Portability
Portable
Stationary
Market Segmentation by Pressure
Ultra-Low-Pressure
Low-Pressure
Medium-Pressure
High-Pressure
Hyper-Pressure
Market Segmentation by Application
Construction
Power
Industrial Manufacturing
Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R)
Chemical and Cement
Oil & gas
Automotive
Food & Beverage
Textile
Others (Healthcare, Research Laboratories, and Agriculture)
Market Segmentation by Oil-Free Piston Air Compressor
By Application
Construction
Industrial Manufacturing
Food & Beverage
Chemical and Cement
Healthcare
By Pressure
Ultra-Low-Pressure
Low-Pressure
Medium-Pressure
High-Pressure
Market Segmentation by Country
Indonesia Air Compressor Market
By type
By lubrication type
By portability
By pressure
By application
By oil-free piston air compressor
By application
By pressure
Malaysia Air Compressor Market
By type
By lubrication type
By portability
By pressure
By application
By oil-free piston air compressor
By application
By pressure
Philippines Air Compressor Market
By type
By lubrication type
By portability
By pressure
By application
By oil-free piston air compressor
By application
By pressure
Singapore Air Compressor Market
By type
By lubrication type
By portability
By pressure
By application
By oil-free piston air compressor
By application
By pressure
Thailand Air Compressor Market
By type
By lubrication type
By portability
By pressure
By application
By oil-free piston air compressor
By application
By pressure
Vietnam Air Compressor Market
By type
By lubrication type
By portability
By pressure
By application
By oil-free piston air compressor
By application
By pressure
Rest of ASEAN Air Compressor Market
By type
By lubrication type
By portability
By pressure
By application
By oil-free piston air compressor
By application
By pressure
Read the full report: https://www.reportlinker.com/p05815881/?utm_source=PRN
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