The ASEAN Air Compressor Market size is estimated to be USD 1.06 billion in 2019 and is predicted to reach USD 1.76 billion by 2030 with a CAGR of 4.7% from 2020-2030.
Air compressor is a mechanical device, which compresses air through high pressure for several functional use. This highly compressed air finds different applications such as tire inflation, powering a turbine, functioning of any air conditioning system, spray painting, packing, medical equipment, and others. As air compressors play a fundamental role in the modern world, it is termed as a fourth utility after electricity, petrol, and gas. Considering its necessity in wide range of applications, ASEAN air compressor market is estimated to grow substantially during the forecast period.
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Top Companies: ElgiEquipments Limited, Rechi Precision Co. Ltd., Kaeser Kompressoren SE, Atlas Copco AB, Ingersoll-Rand plc, Kobe Steel Ltd., Gardner Denver Holdings Inc., Hitachi Ltd., Bauer Comp Holding GmbH, Boge Kompressoren Otto Boge GmbH & Co. KG and others.
The ASEAN air compressor market share is analyzed based on type, lubrication, portability, application and geography. Based on type, the market is bifurcated into portable air compressors and stationary air compressors. Based on lubrication, the market is fragmented into oil-free air compressors and oil-flooded air compressors. Based on power ratings, the market is segmented into 0-100 kW, 101-300 kW, 301-500 kW, and 501 kW & above. Based on industry vertical, the market is divided into manufacturing, power, food & beverage, oil & gas, medical and others. Geographic breakdown and analysis of each of the aforesaid segments includes countries such as Malaysia, Vietnam, Indonesia, Philippines, Thailand, and Singapore.
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The study comes out as an intelligent and comprehensive appraisal tool as well as a reliable guide that will help you maintain a solid place in the global ASEAN Air Compressor industry. This includes Porter’s Five Powers and PESTLE research to equip the company with critical knowledge and comparative statistics on the Global ASEAN Air Compressor Industry. We also given an in-depth review of the Vendor Environment to give you a full understanding of the present and potential business scenarios of the global ASEAN Air Compressor industry. Our researchers are using the new primary and secondary analysis methods and methods to produce detailed and reliable market research studies.
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