Why Will Automotive Sector Rule the APAC Compressor Market? The major drivers of the global APAC compressor market are increasing gas pipeline network, surging infrastructure spending, and expanding HVAC and automotive industries. The market is predicted to reach $25.7 billion by 2030. The outbreak of COVID-19 had ruptured the entire circular economy and this market was not an exception. Lockdowns were imposed in several economies leading to the temporary shutdown of numerous corporations in Australia, South Korea, Japan, India, and China. China dominates the entire logistical network of components and raw materials for compressors, including fan units, embedded systems, and rotary blades. Within the type segment, the positive displacement category holds the biggest APAC compressor market share in the market and will continue to show this trend in the coming years as well. This can be ascribed to the inherent benefits of this category in comparison to others. This encompasses better efficiency, a long lifespan, a wide application area, and reduced operational costs. Moreover, the conventional compressor units are being replaced by advanced ones, which in turn, will escalate the deployment of positive displacement compressors. Segmented on the lubrication type, the APAC compressor market can be bifurcated into oil-flooded and oil-free categories. The former bifurcation continues to generate a higher market revenue and will exhibit the same trend in the future as well. This can be primarily attributed to the rising inclination of end users toward this bifurcation. This is on account of the magnificent property of its inherent capability to provide higher pressure over other oil-free compressors. Additionally, there is extensive utilization of the oil-flooded category in healthcare centers, food and beverage facilities, and others. Read More: https://www.psmarketresearch.com/market-analysis/apac-compressor-market
Why Will Automotive Sector Rule the APAC Compressor Market? The major drivers of the global APAC compressor market are increasing gas pipeline network, surging infrastructure spending, and expanding HVAC and automotive industries. The market is predicted to reach $25.7 billion by 2030. The outbreak of COVID-19 had ruptured the entire circular economy and this market was not an exception. Lockdowns were imposed in several economies leading to the temporary shutdown of numerous corporations in Australia, South Korea, Japan, India, and China. China dominates the entire logistical network of components and raw materials for compressors, including fan units, embedded systems, and rotary blades. Within the type segment, the positive displacement category holds the biggest APAC compressor market share in the market and will continue to show this trend in the coming years as well. This can be ascribed to the inherent benefits of this category in comparison to others. This encompasses better efficiency, a long lifespan, a wide application area, and reduced operational costs. Moreover, the conventional compressor units are being replaced by advanced ones, which in turn, will escalate the deployment of positive displacement compressors. Segmented on the lubrication type, the APAC compressor market can be bifurcated into oil-flooded and oil-free categories. The former bifurcation continues to generate a higher market revenue and will exhibit the same trend in the future as well. This can be primarily attributed to the rising inclination of end users toward this bifurcation. This is on account of the magnificent property of its inherent capability to provide higher pressure over other oil-free compressors. Additionally, there is extensive utilization of the oil-flooded category in healthcare centers, food and beverage facilities, and others. Read More: https://www.psmarketresearch.com/market-analysis/apac-compressor-market
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APAC Compressor Market Growth Drivers & Trends Forecast, 2030
The APAC compressor market was valued at $19.9 billion in 2019, and is projected to grow at a CAGR of 3.2% during the forecast period (2020–2030). A key trend observed in the APAC compressor industry is increasing use of energy-efficient air compressors.
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