Malaysia and Vietnam Air Compressor Market by Type (Portable and Stationary), by Technology (Reciprocating, Rotary, and Centrifugal), by Lubrication (Oiled and Oil-free), by Power Rating (0-100 kW, 101-300 kW, 301-500 kW, and 501 kW & above), and by End User (Food & Beverage, Oil & Gas, Manufacturing, Medical, Power Generation, and Others) – Malaysia and Vietnam Opportunity Analysis and Industry Forecast, 2022–2030
Industry: Construction & Manufacturing | Publish Date: 08-Jul-2022 | No of Pages: 182 | No. of Tables: 92 | No. of Figures: 62 | Format: PDF | Report Code : N/A
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Market Definition:
The Malaysia and Vietnam Air Compressor Market was valued at USD 227.2 million in 2021 and is predicted to reach USD 378.6 million by 2030 with a CAGR of 5.9% from 2022-2030.
An air compressor is a machine that can create and store compressed air, which can be used to run variety of pneumatic tools. Air compressor uses an electric motor or gasoline engine to compress air and stores it in an air receiver tank. This pressurized air can be used in various applications such as transportation of fluids & gases, operations of pneumatically based machineries, and cooling applications.
Based on the uses of an air compressor, it can be classified as consumer-grade, professional-grade, and industrial-grade.
Consumer-grade air compressors are used for household tasks such as pressure washing and vehicle tyre inflation, whereas professional-grade air compressors are used by small and mid-sized business such as automotive repair and painting shops. Industrial-grade air compressors are built with high-quality components, and can be customized for specific uses in manufacturing plants, agricultural facilities, and oil rigs.
Market Dynamics and Trends:
Increasing construction activities in Malaysia and Vietnam due to rapid industrialization is driving the growth of air compressor market in these regions. Air compressors are used to run numerous construction equipment such as power hammers, drills, grinders, impact wrenches, and nail guns as they are more powerful, versatile, and safer alternative to traditional construction equipment.
Also, high demand for oil-free air compressors among various industries such as pharmaceuticals, food, and textiles as they reduce contamination and condensation issues is also expected to boost the market growth. Moreover, several manufacturing companies shifted their facilities to Southeast Asian countries including Malaysia and Vietnam due to the ongoing trade war between the U.S. and China. This, in turn, is further driving the growth of the air compressor market in the region.
However, high investment and maintenance cost of modern rotary screw air compressors and strict government regulations related to air and noise pollution associated with air compressors are the factors restraining the growth of market. On the contrary, the introduction of highly efficient compact oil-injected rotary screw compressors with variable-speed drive (VSD) that reduces energy consumption is expected to create ample opportunities for market players in the coming years.
Market Segmentations and Scope of the Study:
The Malaysia and Vietnam air compressor market is segmented on the basis of type, technology, lubrication method, power rating, and end user. On the basis of type, the market is classified into portable and stationary. On the basis of technology, the market is divided into reciprocating, rotary, and centrifugal. On the basis of lubrication method, the market is categorized into oiled and oil-free. On the basis of power rating, the market is classified into 0-100 kW, 101-300 kW, 301-500 kW, and 501 kW & above. On the basis of end user, the market is categorized into food & beverage, oil & gas, manufacturing, medical, power generation, and others.
Competitive Landscape:
Various market players operating in the Malaysia and Vietnam air compressor market include Atlas Copco AB, Kobe Steel Ltd., Fu sheng Co. Ltd., Kaeser Kompressoren SE, Sullair, ElgiEquipments Ltd., Ebara Corporation, Desran Compressor, Ingersoll-Rand Plc, and Mitsubishi Heavy Industries Ltd. These market players are adopting various joint venture strategies and acquisitions across various regions to maintain their dominance in the air compressor market.
For instance, in July 4 2022, Atlas Copco AB acquired Bireme Group, a Singapore-based company specialized in the treatment of compressed air and gas. This acquisition will help Atlas Copco to expand its local presence with the help of sales network of Bireme Group in Southeast Asia.
Moreover, in September 30, 2021, Kobe Steel Ltd. and Miura Co. Ltd announced a business alliance. Under this alliance Miura Co. Ltd acquired 49% share of Kobelco Compressors Corporation, a subsidiary of Kobe Steel Ltd. It will help Kobe steel Ltd. to expand its product portfolio and provide a stable supply of high-quality compressors to various industries in Malaysia and Vietnam.
KEY BENEFITS:
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The Malaysia and Vietnam air compressor market report provides the quantitative analysis of the current market and estimations from 2022 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.
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The study comprises of a comprehensive analysis of the Malaysia and Vietnam air compressor market trends including the current and future trends for depicting the prevalent investment pockets in the market.
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The information related to key drivers, restraints, and opportunities and their impact on the Malaysia and Vietnam air compressor market is provided in the report.
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The competitive analysis of the market players along with their market share in the Malaysia and Vietnam air compressor market is mentioned.
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The SWOT analysis and Porter’s Five Forces model are elaborated in the study. The value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
KEY MARKET SEGMENTS:
By Type
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Portable
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Stationary
By Technology
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Reciprocating
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Rotary
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Centrifugal
By Lubrication Method
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Oiled
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Oiled-free
By Power Rating
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0-100 kW
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101-300 kW
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301-500 kW
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501 kW & above
By End User
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Food & Beverage
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Oil & Gas
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Manufacturing
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Medical
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Power Generation
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Others
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Analysis Period |
2021–2030 |
|
Base Year Considered |
2021 |
|
Forecast Period |
2022–2030 |
|
Market Size Estimation |
Million (USD) |
|
Market Segmentation |
By Type (Portable and Stationary), by Technology (Reciprocating, Rotary, and Centrifugal), by Lubrication (Oiled and Oil-free), by Power Rating (0-100 kW, 101-300 kW, 301-500 kW, and 501 kW & above), and by End-User (Food & Beverage, Oil & Gas, Manufacturing, Medical, Power Generation, and Others) |
|
Companies Profiled |
Atlas Copco AB, Kobelco Kobe Steel, Fu sheng Co. Ltd, Kaeser Kompressoren SE, Sullair, ElgiEquipments Ltd, Ebara Corporation, Desran Compressor, Ingersoll-Rand Plc and Mitsubishi Heavy Industries Ltd. |
KEY PLAYERS
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Atlas Copco AB
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Kobe Steel Ltd.
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Fu sheng Co. Ltd.
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Kaeser Kompressoren SE
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Sullair
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ElgiEquipments Ltd.
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Ebara Corporation
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Desran Compressor
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Ingersoll-Rand Plc
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Mitsubishi Heavy Industries Ltd.
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