According to a research report titled ‘Asia Pacific Reciprocating Air Compressor Market Forecast 2027 By Technology, By Product, By Lubrication, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share,’ available with MarketStudyReport, Asia Pacific reciprocating air compressor market is expected to accumulate USD 14.5 billion during the period 2021-2027. 
 

Increasing oil & gas exploration activities, widespread application of compressors in the Heating, ventilation, and air conditioning (HVAC) vertical, and numerous supportive government initiatives for electric vehicle adoption are shaping the growth trajectory of Asia Pacific reciprocating air compressor market.

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Based on product type, the stationery segment is estimated to register a 4% CAGR during the forecast period, owing to the wide usage in air conditioners and refrigerators in workshops, warehouses, and automotive workspaces, as they aid in supplying more air in high-pressure conditions. 

In terms of the technology spectrum, the single-acting vertical is slated to accrue USD 6.5 billion by 2027, given its capacity to handle pneumatic devices with 100 psi units of pressure, making it more reliable and efficient in production operations. 

With respect to lubrication ambit, the oil-free segment of Asia Pacific reciprocating air compressor industry is anticipated to record a 4 % growth rate during the review period, owing to the rising demand for cost-effective and pollution-free operations across healthcare, electronics, and other sectors. 

From an application standpoint, the food & beverage vertical is poised to observe an upward growth curve during the assessment timeline, due to the importance of a constant supply of pollution-free air to protect the food from being contaminated, keeping it fresh, and for smooth functioning of the processes. 

Concerning the geographical scope, many nations in the region are adopting natural gas pipelines by expanding their network in urban and rural areas which are impelling the demand for reciprocating air compressors.  

Notably, Asia Pacific reciprocating air compressor market account for 30% of the overall revenue share in the recent past, attributed to the large-scale production facilities in developing nations like China and India.

The companies defining the competitive scope of industry include Gardner Denver Ltd., Emerson Electric Co., Kaeser Compressors, Inc., Atlas Copco Limited, Ingersoll-Rand, Inc., Hubei Teweite Power Technology Co. Ltd., Bitzer SE, Hitachi Ltd., Guangdong Meizhi Compressor Co. Ltd. (GMCC), and many others.