Sep 26, 2019   SOURCE: BusinessWire

ASEAN Air Compressor Market Research Report 2019-2024: Growing Preference Towards Oil-Free Air Compressors - ResearchAndMarkets.com

The "ASEAN Air Compressor Market Research Report: By Type, Lubrication Type, Portability, Pressure, Application, Geographical Outlook - Industry Size, Share and Trend Analysis and Growth Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

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.

Key Topics Covered:

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Compressor Type

4.1.1.1 Positive displacement

4.1.1.1.1 Reciprocating

4.1.1.1.1.1 In-line

4.1.1.1.1.2 V-shaped

4.1.1.1.1.3 Tandem piston

4.1.1.1.1.4 Single-acting

4.1.1.1.1.5 Double-acting

4.1.1.1.1.6 Diaphragm

4.1.1.1.2 Rotary

4.1.1.1.2.1 Screw

4.1.1.1.2.2 Vane

4.1.1.1.2.3 Lobe and scroll

4.1.1.2 Dynamic

4.1.1.2.1 Centrifugal

4.1.1.2.2 Axial

4.1.2 By Lubrication Type

4.1.2.1 Oil-free

4.1.2.2 Oil-flooded

4.1.3 By Portability

4.1.3.1 Portable

4.1.3.2 Stationary

4.1.4 By Pressure

4.1.4.1 Ultra-low-pressure

4.1.4.2 Low-pressure

4.1.4.3 Medium-pressure

4.1.4.4 High-pressure

4.1.4.5 Hyper-pressure

4.1.5 By Application

4.1.5.1 Construction

4.1.5.2 Power

4.1.5.3 Industrial manufacturing

4.1.5.4 HVAC-R

4.1.5.5 Chemical and cement

4.1.5.6 Automotive

4.1.5.7 Oil & gas

4.1.5.8 Food & beverage

4.1.5.9 Textile

4.1.5.10 Others

4.1.6 Oil-Free Piston Air Compressor Market

4.1.6.1 By application

4.1.6.1.1 Construction

4.1.6.1.2 Industrial manufacturing

4.1.6.1.3 Food & beverage

4.1.6.1.4 Chemical and cement

4.1.6.1.5 Healthcare

4.1.6.2 By pressure

4.1.6.2.1 Ultra-low-pressure

4.1.6.2.2 Low-pressure

4.1.6.2.3 Medium-pressure

4.1.6.2.4 High-pressure

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends

4.3.1.1 Growing preference towards oil-free air compressors

4.3.1.2 Use of Variable Frequency Drive (VFD) for compressors over gas turbines

4.3.2 Drivers

4.3.2.1 Surging automotive industry

4.3.2.2 Growing construction industry in the ASEAN region

4.3.2.3 Focus toward energy efficient air compressors

4.3.3 Restraints

4.3.3.1 High initial cost

4.3.4 Opportunities

4.3.4.1 Launch of air compressors with IoT technology

4.4 Porter's Five Forces Analysis

Chapter 5. ASEAN Market Size and Forecast

5.1 By Type

5.1.1 Positive Displacement Air Compressor Market, by Type

5.1.1.1 Reciprocating air compressor market, by type

5.1.1.2 Rotary air compressor market, by type

5.1.2 Dynamic Air Compressor Market, by Type

5.2 By Lubrication Type

5.3 By Portability

5.4 By Pressure

5.5 By Application

5.6 By Country

5.7 Oil-Free Piston Air Compressor Market, By Pressure

5.8 Oil-Free Piston Air Compressor Market, By Application

5.9 Oil-Free Piston Air Compressor Market, By Country

Chapter 6. Indonesia Market Size and Forecast

Chapter 7. Malaysia Market Size and Forecast

Chapter 8. Thailand Market Size and Forecast

Chapter 9. Philippines Market Size and Forecast

Chapter 10. Vietnam Market Size and Forecast

Chapter 11. Singapore Market Size and Forecast

Chapter 12. Rest of ASEAN Market Size and Forecast

Chapter 13. Competitive Landscape

13.1 List of Key Players

13.2 Ranking of Key Players

13.3 Competitive Benchmarking of Key Players

13.4 Recent Activities of Major Players

13.5 Strategic Developments of Key Players

13.5.1 Mergers and Acquisitions

13.5.2 Partnerships

13.5.3 Product Launches

13.5.4 Client Wins

Chapter 14. Company Profiles

  • Rechi Precision Co. Ltd.
  • Elgi Equipments Limited
  • Kaeser Kompressoren SE
  • Ingersoll-Rand plc
  • Atlas Copco AB
  • Kobe Steel Ltd.
  • Hitachi Ltd.
  • Gardner Denver Holdings Inc.
  • BOGE Kompressoren Otto
  • Boge GmbH & Co. KG
  • BAUER COMP Holding GmbH
  • Fusheng Co. Ltd.

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