As per reports, the automotive industry registered a growth of nearly 35%, in terms of vehicle sales, from 2012 to 2019 in China and around 22% in vehicle sales in India from 2012 to 2018. Depending on type, the APAC compressor market is bifurcated into positive displacement and dynamic. Between these, the positive displacement bifurcation held the larger share in the market in 2019, due to the extensive requirement for rotary type of compressors.

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Moreover, because of the surging usage of these compressors in several applications such as automotive, heating, ventilation, air conditioning, and refrigeration (HVAC-R), industrial manufacturing, power, construction, and food and beverage, the category is predicted to dominate the market in the forthcoming years. When application is taken into consideration, the market is categorized into power, construction, industrial manufacturing, HVAC-R, chemical and cement, oil and gas, automotive, food and beverage, textile, agriculture, research, and healthcare.

Out of these, the automotive category contributed the highest revenue to the market in 2019, on account of the large-scale manufacturing of motor vehicles, mainly electric vehicles, globally. The APAC compressor market will demonstrate the fastest growth in India in the coming years, as per the estimates of P&S Intelligence, a market research company based in India.

This will be because of the surging automobile manufacturing and the expanding industrial sector in the country. Hence, the market is certain to exhibit rapid progress in the coming years, primarily because of the expansion of the HVAC and automotive industries, soaring usage of compressors in these industries, and the booming construction sector in several APAC countries.

This market research report provides a comprehensive overview of the market

* Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings