According to the 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 amass a valuation of USD 14.5 billion by the end of the forecast period 2021-2027.
 

As per the findings of the research, Asia Pacific reciprocating air compressor market growth is primarily driven by increasing number of oil & gas exploration activities.
 

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Notably, reciprocating air compressors are widely employed in oil refineries as they aid in refining crude oil and play a critical role in improving the quality of the energy source. The purification process renders crude oil useful in all applications it is used today.
 

Expanding automotive and HVAC sectors are further spurring the product demand. Air compressors are critical to efficient operation of vehicles and HVAC equipment such as air conditioners.
 

Governments across the region are launching initiatives to encourage the adoption of electric vehicles and reduce automobile industry emissions. This has resulted in a spike in car production, subsequently boosting the market demand.
 

Based on end-user scope, Asia Pacific reciprocating air compressor industry size from stationary air compressor segment is expected to expand with a CAGR of 4% through 2027, owing to its wide usage in automotive industry, refrigerators, warehouses, air conditioning systems, and workshops. As compared to portable ones, they help supply more air in high pressure conditions and offer a larger range of uses across numerous industries.
 

As per technology type, single acting segment is projected to garner USD 6.5 billion valuation by 2027, creditable to usage in making reliable and efficient products.
 

Considering lubrication, oil-free segment is predicted to expand at 4% CAGR over the assessment period, attributable to surging demand from regional healthcare sector for access to pollution-free and clean air.
 

With respect to application spectrum, food & beverage segment of Asia Pacific reciprocating air compressor market is expected to witness high demand in the coming years, due to requirement of continuous fresh air supply to facilitate various processes in the sector. Air compressors are commonly employed to keep food products safe from contamination and play a significant role in packaging.
 

According to the regional analysis, establishment of large-scale manufacturing plants across economies like Japan and China are boosting demand for air compressors in these countries.
 

Coming to competitive terrain, Hitachi Ltd., Hubei Teweite Power Technology Co Ltd., Ingersoll-Rand Inc., Gardner Denver Inc., and Bitzer SE are among the leading organizations in Asia Pacific reciprocating air compressor market sphere.