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The market size for reciprocating compressors was estimated at USD 4.8 billion in 2022. It is anticipated that the market for reciprocating compressors will increase from USD 4.6 billion in 2023 to USD 7.0 billion in 2030, with a compound annual growth rate (CAGR) of 6.90% over the five-year forecast period (2023–2030). The primary market drivers accelerating market expansion include rising cost-effective reciprocating compressor usage and increased demand from various end-use industries.
The rising demand from various end-use industries is what is driving the market CAGR for reciprocating compressors. the pharmaceutical industry, CNG and LNG transport and storage facilities, and refineries, as well as the increased demand for reciprocating compressors. Significant industry needs include the use of eco-friendly, user-friendly, variable-speed systems, effective operation, and rebuilding for contemporary systems. In terms of high pressure and power, the reciprocating compressor excels.
Players in the reciprocating compressors market should focus on improving the machine's durability, constricting the gas flow, assisting with rotation, and effectively controlling heat at the time. Thermodynamic efficiency and overall monitoring pressure pulsation are two areas where several reciprocating compressor manufacturers are concentrating their efforts. Pipe vibration is therefore a crucial factor to take into account. It is utilised in the pharmaceutical industry for the compression of medical gases like hydrogen, oxygen, and helium. To manage unresolved and undiscovered faults that may seriously harm reciprocating compressors, vibration monitoring is crucial. Reciprocal compressors are expected to increase the reciprocating market due to technological development, industrialization, investments, and the need for replacement.
Air used in the chemical and petroleum industries is compressed using the reciprocating compressor's basic operating principle. Refineries, along with CNG and LNG transport and storage facilities, are driving growth in the global compressor industry. Similar to other industrial sectors, the automotive industry will see an increase in demand for reciprocating compressors. With their numerous uses across a variety of sectors, reciprocating compressors are expected to drive market expansion. The market for reciprocating compressors has shifted its emphasis to machine lifespan, gas flow narrowing, and rotational assistance. driving the revenue of the reciprocating compressor market. On the other hand, the compressor's market is being constrained by poor imitations of compressor designs, and severe price competition is also stifling the compressor's profitability in the larger market. The reciprocating compressor's low speed is caused by its lower capacity density. Some of its components, such as the piston rings and disc and reed valves, have limited lifespans.
Leading industry companies are spending a lot of money on R&D to expand their product lines, which will spur further growth in the Reciprocating Compressor market. Important market developments include new product releases, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organisations. Market participants are also engaging in a variety of strategic initiatives to increase their presence. The Reciprocating Compressor sector must provide affordable products if it is to grow and thrive in a more competitive and challenging market environment.
Report Coverage
Global Reciprocating Compressor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Reciprocating Compressor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Reciprocating Compressor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Reciprocating Compressor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Reciprocating Compressor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Reciprocating Compressor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Garden Denver, Lontra, Blade Compressors LLC, MARELLI, Shanghai Highly Co., Ltd., Burckhardt Compression AG, Atlas Copco, Sundyne, Hitachi, Howden Group, Siemens AG
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Reciprocating Compressor market based on the below-mentioned segments:
Global Reciprocating Compressor Market, By Type
Portable
Stationary
Global Reciprocating Compressor market, By Lubrication
Oil-Free
Oil Filled
Global Reciprocating Compressor market, Regional Analysis
The rising demand from various end-use industries is what is driving the market CAGR for reciprocating compressors. the pharmaceutical industry, CNG and LNG transport and storage facilities, and refineries, as well as the increased demand for reciprocating compressors. Significant industry needs include the use of eco-friendly, user-friendly, variable-speed systems, effective operation, and rebuilding for contemporary systems. In terms of high pressure and power, the reciprocating compressor excels.
Players in the reciprocating compressors market should focus on improving the machine's durability, constricting the gas flow, assisting with rotation, and effectively controlling heat at the time. Thermodynamic efficiency and overall monitoring pressure pulsation are two areas where several reciprocating compressor manufacturers are concentrating their efforts. Pipe vibration is therefore a crucial factor to take into account. It is utilised in the pharmaceutical industry for the compression of medical gases like hydrogen, oxygen, and helium. To manage unresolved and undiscovered faults that may seriously harm reciprocating compressors, vibration monitoring is crucial. Reciprocal compressors are expected to increase the reciprocating market due to technological development, industrialization, investments, and the need for replacement.
Air used in the chemical and petroleum industries is compressed using the reciprocating compressor's basic operating principle. Refineries, along with CNG and LNG transport and storage facilities, are driving growth in the global compressor industry. Similar to other industrial sectors, the automotive industry will see an increase in demand for reciprocating compressors. With their numerous uses across a variety of sectors, reciprocating compressors are expected to drive market expansion. The market for reciprocating compressors has shifted its emphasis to machine lifespan, gas flow narrowing, and rotational assistance. driving the revenue of the reciprocating compressor market. On the other hand, the compressor's market is being constrained by poor imitations of compressor designs, and severe price competition is also stifling the compressor's profitability in the larger market. The reciprocating compressor's low speed is caused by its lower capacity density. Some of its components, such as the piston rings and disc and reed valves, have limited lifespans.
Leading industry companies are spending a lot of money on R&D to expand their product lines, which will spur further growth in the Reciprocating Compressor market. Important market developments include new product releases, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organisations. Market participants are also engaging in a variety of strategic initiatives to increase their presence. The Reciprocating Compressor sector must provide affordable products if it is to grow and thrive in a more competitive and challenging market environment.
Report Coverage
Global Reciprocating Compressor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Reciprocating Compressor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Reciprocating Compressor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Reciprocating Compressor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Garden Denver, Lontra, Blade Compressors LLC, MARELLI, Shanghai Highly Co., Ltd., Burckhardt Compression AG, Atlas Copco, Sundyne, Hitachi, Howden Group, Siemens AG |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Reciprocating Compressor Market from 2021 to 2030.
- Market Forecast for Reciprocating Compressor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Reciprocating Compressor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Reciprocating Compressor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Reciprocating Compressor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Reciprocating Compressor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Garden Denver, Lontra, Blade Compressors LLC, MARELLI, Shanghai Highly Co., Ltd., Burckhardt Compression AG, Atlas Copco, Sundyne, Hitachi, Howden Group, Siemens AG
Primary Target Market
- Market Players of Reciprocating Compressor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Reciprocating Compressor market based on the below-mentioned segments:
Global Reciprocating Compressor Market, By Type
Portable
Stationary
Global Reciprocating Compressor market, By Lubrication
Oil-Free
Oil Filled
Global Reciprocating Compressor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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