How Increasing Demand for Products Aiding in Asia-Pacific Air Compressor Market Growth? by Deepak Kumar

How Increasing Demand for Products Aiding in Asia-Pacific Air Compressor Market Growth?

Asia-Pacific Air Compressor Market

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The impressive improvement in the gross domestic product (GDP) of many countries of the Asia-Pacific (APAC) region, such as Indonesia, India, China, Vietnam, Malaysia, and Thailand has resulted in the increasing purchasing power of residents of these countries. This is evident from the fact that the automotive industry in China witnessed an almost 50% increase in sales of all types of vehicles during 2012–2017. Request Sample Copy of Report :: http://bit.ly/2A1vjCX Due to this, many domestic as well as international players are increasingly investing in the automotive industry to cater to the surging demand for passenger vehicles. One of the equipment in automobile manufacturing is the compressor, which is used in shell construction, vehicle assembly, car painting, cleaning, engine construction, and others. Therefore, the demand for energy-efficient compressors is rising from end users. Compressors are of two types: dynamic and positive displacement. The latter are extensively used in various industries, such as automotive, construction, power, food & beverage, and industrial manufacturing. These compressors work by displacing a mechanical linkage, which leads to the reduction of the air volume. Due to their wide use in various industries, they were the most in demand during 2014– 2018. Positive displacement compressors have further sub-types — reciprocating and rotatory. In the coming years, the fastest growth in demand is predicted to be registered by dynamic compressors, which function by using impellers to compress air by increasing its velocity. The air compression takes place due to the stationary blades in compressors. This is expected to result in significant growth of the APAC air compressor market at a 4.1% CAGR in the coming years. Hence, owing to the rising requirement for energy-efficient compressors and rising demand for such devices from the automotive industry, the market is growing significantly.

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