The automotive and construction industries in Association of Southeast Asian Nations (ASEAN) region are growing rapidly. For example, the total vehicle (car) sales in Malaysia grew from 501,700 in 2017 to 565,000 in 2018. In addition to this, the combined value of megaprojects across the ASEAN region was around $3 trillion, as of 2018.
Air compressors are utilized to increase the pressure of air by reducing its volume. In the automotive and construction industries, air compressors are used for tire inflation, engine construction, car painting, and air conditioning systems, and tunnel, port, bridge, subway, and highway construction, respectively.
The global ASEAN air compressor market generated revenue of over $0.9 billion in 2018 and is predicted to reach $1.1 billion, growing with a CAGR of 3.6% in the coming years. Apart from construction and automotive industries, air compressors are also used in power, food & beverage, oil & gas, textile, chemical & cement, and industrial manufacturing sectors and heating, ventilation, air conditioning, and refrigeration (HVAC-R) systems.
Among these, the largest demand for air compressors was created by the industrial manufacturing sector during 2014–2018. Various manufacturing industries, such as shipbuilding, steel, cosmetics, electronics, pulp & paper, glass, toy, nuclear, machinery, tobacco, and arms & ammunition, utilize air compressors in plant air and instrument air systems. In the coming years, the requirement for air compressors from the food & beverage industry is expected to grow at the fastest pace.
The industry makes use of air compressors for processing, manufacturing, and preserving food and beverages, including edible oils, bakery products, sugar, drinks, dairy products, meat products, packaged food, and confectionery products.
The process of producing compressed air via oil-flooded air compressors results in condensation and contamination, due to which the preference toward oil-free air compressors is growing.
Request Sample Copy of Report :: https://www.psmarketresearch.com/market-analysis/asean-air-compressor-market/report-sample
At the present time, food & beverage companies in the ASEAN region are utilizing oil-free air compressors for product handling, packaging, cutting and peeling food products to prevent their contamination, and in cleaning and manufacturing.
Furthermore, the need for condensate treatment is eliminated by the use of oil-free compressors, resulting in the reduction of the hidden cost of testing, monitoring, and disposing of the condensate. These compressors use about 6% less energy than conventional compressors.
No comments:
Post a Comment