Reciprocating Compressor Market Research Report: Information By Product (Horizontal and Vertical), Type (Oil-Free and Oil-Lubricated), Cooling (Air-Cooled and Water-Cooled), Output Power (Up to 100 kW, 100 kW–300 kW, 300 kW–500 kW and above 500 kW), Portability (Stationary and portable), Stage (Single Stage and Multi-Stage), End-Use (Oil & Gas, Chemical & Petrochemicals, Power Generation, Food & Beverage, Pharmaceuticals, Metals & Mining and Others) - Forecast till 2030

Reciprocating Compressor Market is projected to grow USD 5,920.00 million at a CAGR of 5.90% during the forecast period (2022-2030).

Reciprocating Compressor Market Synopsis

A reciprocating air compressor is also called a positive displacement compressor. This compressor includes the piston-cylinder arrangement used to compress air. It is available as lubricated and oil-free. These compressors are mostly preferred in the production of chemicals and petroleum. These compressors are suitable for these processes which find application in the transportation of natural gas and compression gas. Moreover, it is extensively used in various industries like pharmaceutical, power generation, metal processing, oil & gas, and chemicals. Rising adoption of variable-speed systems, eco-friendly, easy handling, efficient operation, retrofitting for present systems, and low maintenance cost are accelerating the growth of the market.

The reciprocal compressor helps the share holders in managing heat efficiency, narrowing the flow of gas, helping in rotation, and improving the machine’s durability. These outstanding features include high ability and efficiency that results in producing both high power and pressure. The manufacturers of reciprocating compressors are adopting advanced technologies to expand business agility and flexibility. Furthermore, rising environmental consciousness and Chinese government initiatives are resulting in the implementation of stringent regulations regarding the improvement of air quality boosting the demand for the reciprocating compressor. However, the massive investments in the market and the advent of non-oil and gas-based projects are propelling the market growth.

Reciprocating Compressor Market Key Players

List of the major companies 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).

Recent Developments

In April 2019, a popular producer of reciprocating compressors, Burckhardt Compression AG launched the innovation Laby compressors for LNG carriers with an X-DF propulsion system which is predicted to accelerate the market growth in the review period. 

Moreover, the leading enterprises Ingersoll Rand Plc and Atlas Copco Inc. introduced advanced systems with superior capabilities for differentiating their products in the market. These advanced air compressors offer higher efficiency and declined noise levels which give better results in performing the compressor. Additionally, the manufacturers are focusing on the eco-friendly and low-maintenance systems for motivating end-users to choose advanced products.

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.

Reciprocating Compressor Market Regional Analysis 

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.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.

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