ID: MRFR/E&P/6879-CR | March 2021 | Region: Global | 155 pages
Reciprocating compressors use the positive displacement compression principle, which generates air pressure through two sides that provide either suction or discharge. They are suitable for compressing small amounts of air to high pressures and quickly dissipating the heat from compression. Such compressors are designed for round-the-clock industrial service with minimal long overhaul intervals and maintenance cost.
The factors driving the demand for reciprocating compressors are growing exploration and production activities in the oil & gas industry and rapid development of the industrial sector. Over the last century, air compressors are a primary factor in the rapid expansion of industrialization on a global scale. Most of the crucial technologies that have transformed the human experience in recent decades owe their evolution to air compressors. Using air compressors, several factories across the industrial sector can mass-produce at speeds that would be impossible if the tasks were solely in human hands.
As countries outside the G8 are developing local industries to compete regionally and internationally, the adoption of air compressors is spreading rapidly throughout the Far and Middle East, along with most of the Southern Hemisphere. Over the next decade, these regions could quickly become lucrative markets for air compressor manufacturers. Compared to the developing regions of the world, industrial air compressor trends are less prominent in North America and some parts of Europe. As the recent industrial air compressor market analysis indicates, the issue comes down to economic factors. Regardless of which regions lead the way in the industrial air compressor industry report, the technology continues to be used in a vast range of industries.
Segmentation: Global Reciprocating Compressor Market
The global market for a reciprocating compressor is segmented based on type, product, cooling, portability, output power, stage, end use, and region. By product, the global market has been segmented into horizontal and vertical. By type, the global market has been segmented into oil-free and oil-lubricated. By cooling, the global market has been segmented into air-cooled compressor and water-cooled compressor. By output power, the global market has been segmented into up to 100kW, 100kW–300kW, 300kW–500kW, and above 500 kW. Based on portability, the global reciprocating compressor market is segmented into stationary and portable compressor. Based on stage, the global reciprocating compressor market is segmented into single-stage and multi-stage compressor. Based on end use, the global reciprocating compressor market is segmented into oil & gas, chemical & petrochemical, power generation, food & beverages, pharmaceuticals, metals & mining, and others.
Geographically, the reciprocating compressor market has been segmented into five major regions: North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The reciprocating compressor market in Asia-Pacific is estimated to account for the highest share, where rising industrialization would drive the growth of the reciprocating compressor market. The construction industry is enjoying hefty profits from Asia-Pacific, as the governments are supporting industrialization in emerging economies to increase the GDP of the countries in the region. Furthermore, the FDI and FITs in the nations such as India, China, Singapore, and South Korea, are encouraging new entrants to enter the market. Due to these factors, Asia-Pacific is expected to be the largest market for reciprocating compressors during the forecast period.
The Key Players operating in the global reciprocating compressor market include Ingersoll-Rand plc (US), Burckhardt Compression AG (Switzerland), Hitachi (Japan), Atlas Copco AB (Sweden), Neuman & Esser Group (Germany), Kaeser Kompressoren (Germany), Howden Group (UK), Siemens AG (Germany), General Electric (US), Danfoss A/S (Denmark), Kobe Steel, Ltd, (Japan), Sundyne (US), and Peter Brotherhood Ltd. (England).
The report for the global reciprocating compressor market of Market Research Future research covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions
|Market Size||2027: Significant Value|
|CAGR||2027: Substantial CAGR|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Type, Output Power, Portability, Stage, End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Ingersoll-Rand plc (US), Burckhardt Compression AG (Switzerland), Hitachi (Japan), Atlas Copco AB (Sweden), Neuman & Esser Group (Germany), Kaeser Kompressoren (Germany), Howden Group (UK), Siemens AG (Germany), General Electric (US), Danfoss A/S (Denmark), Kobe Steel, Ltd, (Japan), Sundyne (US), and Peter Brotherhood Ltd. (England)|
|Key Market Opportunities||Significant Growth of the oil & gas, chemical & petrochemical, power generation, food & beverages, pharmaceuticals, metals & mining|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market is expected to achieve a growth rate of 5.92% by 2025.
The market value in 2018 was USD 6,497 million.
Atlas Copco (Sweden), Howden Group (UK), Burckhardt Compression AG (Switzerland), General Electric (US), Ariel Corporation (US), Hitachi Industrial Products, Ltd. (Japan), Siemens (Germany), Gardner Denver, Inc. (US), Kobe Steel Ltd. (Japan), Ingersoll-Rand plc (Ireland), Shenyang Blower Works Group Corporation (China), Kaeser Kompressoren (Germany), Sundyne (US), Corken, Inc. (US), mayekawa mfg. Co., Ltd (US), are the notable companies in the global market.
The players constantly employing strategies to increase their global reach and expand their shares in the market. Few strategies adopted by them are product innovation, company expansions, collaborations and partnerships with manufacturing companies.
With respect to component, the market segments are piston, bearings and crankshaft.