openPR Logo
Press release

APAC Compressor Market Competitive Landscape, Insights by Geography, and Growth Opportunity

10-01-2021 08:11 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

APAC Compressor Market Competitive Landscape, Insights

The surging investments being made in infrastructural development and construction projects in countries such as India and China are causing a sharp rise in the sales of compressors in the Asia-Pacific region. Currently, there are many infrastructural development projects in pipeline in China. According to reports China approved the development of rail projects worth $43.3 billion in Shanghai in December 2018. Similarly, the Indian government is aiming to build as many as 100 smart cities and renovate other 500 cities.

Get the Free Sample Pages: https://www.psmarketresearch.com/market-analysis/apac-compressor-market/report-sample

For the completion of these projects, the government has allocated a budget of $6.8 billion (for the renovation and upgradation of various cities) and $13.9 billion (for the development of 100 smart cities). Besides the increasing number of infrastructural development and construction projects, the expansion of the automotive industry is also positively impacting the sales of compressors in the Asia-Pacific (APAC) region. Compressors are required heavily in the automotive industry in several applications during the vehicle manufacturing process.

Some of the major application areas of compressors in this industry are car painting, tire inflation, engine construction, and air-conditioning systems. As per many surveys, the sales of vehicles (all types) grew by around 35% in China from 2012 to 2019, while in India, automobile sales increased by almost 22% from 2012 to 2018. With the rise in vehicle sales, the demand for compressors is surging sharply in the region.

Make Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=apac-compressor-market

This is fueling the expansion of the Asia-Pacific (APAC) compressor market. As a result, the value of the market will grow from $19.9 billion in 2019 to $25.7 billion by 2030. Furthermore, the market will advance at a CAGR of 3.2% between 2020 and 2030. When application is taken into consideration, the market is divided into automotive, construction, power, industrial manufacturing, chemical and cement, heating, ventilation, air conditioning, and refrigeration (HVAC-R), oil and gas, food and beverage, and textile.

The APAC compressor market will demonstrate the fastest growth in India in the coming years. This will be because of the soaring automobile manufacturing and the expansion of the industrial sector in the country. For instance, more than 4 million vehicles were manufactured in the country in 2019 and this number is predicted to surge sharply in the future. Additionally, the growth of the construction industry and various small businesses is propelling the market advancement in the country.

Therefore, it can be said with full confidence that the demand for compressors will rise enormously in APAC in the forthcoming years, mainly because of the expansion of the automotive and construction industries.

About Us:
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact Us:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release APAC Compressor Market Competitive Landscape, Insights by Geography, and Growth Opportunity here

News-ID: 2414647 • Views:

More Releases from P&S Intelligence

Remote Access Provided by Cloud Category Fuels Call Center AI Market
Remote Access Provided by Cloud Category Fuels Call Center AI Market
In 2021, the call center AI market generated sales worth $1,982.9 million, and it is expected to contribute $12,910.6 million in 2030, progressing at a rate of 23.1% from 2021 to 2030, ascribed to the growing up requirements for improved data analytics to manage customer inquiries with the real-time response to improve customer engagement through social media. In order to pace up the 4th industrial revolution, businesses across various industries
Growing Demand for CSM System Will Drive the Customer Engagement Solutions Market
Growing Demand for CSM System Will Drive the Customer Engagement Solutions Marke …
The total value of the customer engagement solutions market was $18,186.8 million in 2021, and it will rise at a growth rate of above 10% in the near future, to reach $43,398.9 million by 2030. The major reasons behind the growth of this industry are growing usage of such solutions in serval industries like healthcare, telecommunications, BFSI and FMCG. North America will grow the fastest with a rate of 10.5% in
Reduced Operational Cost of Energy Efficient Motors Propels Motion Control Market
Reduced Operational Cost of Energy Efficient Motors Propels Motion Control Marke …
The motion control market generated a revenue of $14,887.5 million in 2021, and it is expected to contribute $23,286.4 million in 2030, progressing at a rate of 5.1% from 2021 to 2030, ascribed to the rising demand for industrial robots and integration of components with the motion control systems for convenient use. Moreover, the evolving motion control standards and protocols propel the market, for example, the OPC UA TSN protocol controls
North America, the Largest Revenue Producer in Public Safety and Security Market
North America, the Largest Revenue Producer in Public Safety and Security Market
The size of the public safety and security market was at $411 billion in the year 2021, which will reach over $1,115 billion by the year 2030, advancing at a growth rate of around 12% in the years to come. This is largely ascribed to the rising application of innovative technologies in smart cities, increasing crime rates, the increasing cases of disastrous accidents, and the growing count of terrorist activities

All 5 Releases


More Releases for APAC

APAC to Spearhead Shampoo Market
The global shampoo market is likely to grow at a notable CAGR between 2019- 2024, reveals the new Market Research Future (MRFR) report. Shampoo, simply put, is a hair care product that is a viscous liquid used to clean hair. It helps to remove the unwanted build-up, thus making hair clean and manageable. Medicated shampoo, children’s shampoo, cosmetic shampoo, dry shampoo, and others are the different types of shampoo. Get
APAC to Lead Mosquito Repellents Market
The global mosquito repellents market is likely to grow at a healthy CAGR between 2019- 2023, according to the new report by Market Research Future (MRFR). A mosquito repellent, simply put, is a substance that is applied on the clothing, skin, or other surfaces that prevent mosquitoes from crawling or landing on that surface. It comes in different forms, such as sticks, liquid vaporizers, and coils. This comprises oils, lotions,
Telcos' MSS Market Opportunity in APAC
Telcos' MSS Market Opportunity in APAC Summary "Telcos' MSS Market Opportunity in APAC", a new Telecom Insider Report by Publisher, provides an executive-level overview of the managed security services (MSS) market opportunity for telecoms companies in Asia Pacific (APAC). It delivers qualitative insights into the MSS market, analyzing key trends and growth drivers in the region. Get Sample Copy at https://www.reportsweb.com/inquiry&RW00012430719/sample APAC telcos are in varying states of development with their MSS services.
Agrochemicals Market in APAC
ReportsWorldwide has announced the addition of a new report title APAC: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “APAC: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Global Personal Care Packaging Market to be Led by APAC; APAC Market to Reach US …
Leading market intelligence company Transparency Market Research has announced the release of a new market report, detailing the global personal care packaging market. The report, titled ‘Personal Care Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019,’ presents a comprehensive overview of the market, providing reliable market projections based on accurate historical data. Personal care packaging consists of various packaging options used to store
DISTREE APAC announces vendor nominations for ‘APAC Channel Academy: 2014 Awar …
Official vendor nominations revealed for independent APAC channel awards, based on feedback from VIP Retail Executive Committee. Live channel vote will determine overall winners by product category. SINGAPORE, PARIS, LONDON – DISTREE Asia Pacific (APAC) 2014 will host the ‘APAC Channel Academy: 2014 Awards’ as part of this year’s event agenda. During a Gala Dinner on the evening of Thursday October 9th at the Shangri-La Rasa Sentosa Resort in Singapore,