Reciprocating Compressor Market By Type (Single Acting, Double Acting, Diaphragm), By Stage Type (Single Stage, Multi Stage), By End User (Oil and Gas, Pharmaceutical, Chemical plants, Refrigeration plants, Food, Manufacturing, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The Reciprocating Compressor Market size was valued at $4,872.63 million in 2022 and is estimated to reach $7,208.10 million by 2032, exhibiting a CAGR of 4.2% from 2023 to 2032. Reciprocating compressor, also known as a piston compressor, is a positive displacement device. It is one of the most widely used types of compressors in which gas is compressed by reciprocating motion of a piston. It handles a low mass of gas but high-pressure ratio. During the operation of reciprocating compression, it takes a large amount of gas from the suction line. It is then compressed by the reciprocation motion of the piston driven by the crankshaft, and then it discharges the compressed gas to the discharge line.
There are two types of reciprocating compressors for general purpose, such as single acting reciprocating compressor and double-acting reciprocating compressor. In single-acting type, the compressor cylinder is usually arranged in the vertical position while in double acting the compression cylinders are normally arranged in horizontal. Reciprocating compressor is used to produce high-pressure gas output. Reciprocating compressor is mainly used in the refrigeration cycle. It is widely used in oil refineries, gas pipelines, natural gas processing plants, chemical plants, etc.
The rise in demand for reciprocating compressors from various industry verticals such as oil and gas, power generation, chemical plants, and others is expected to boost the market growth. In addition, it offers various advantages such as flexibility of use, higher pressure generation, high efficiencies achieved, and the efficiency of use in intermittent cycling which is creating the demand for reciprocating compressor. In addition, the increase in need for energy efficient products, increasing application areas, penetration of IoT & Industry 4.0, and the increased market for compressed air supplements the market growth. Reciprocating compressor gains traction among the end users due to high rate of adoption from end-user industries, rise in number of industrial infrastructure projects, and increase in investment across all the process industries which is expected to boost the market growth.
The reciprocating compressor market is segmented on the basis of type, stage, end user, and region. By type, the market is categorized into single acting, double acting, and diaphragm. On the basis of stage, it is bifurcated into single stage and multi-stage. As per end user, the market is categorized into oil and gas, pharmaceutical, chemical plants, refrigeration plants, food, manufacturing, automotive, and others. Region wise, the market is analyzed across the North America, Europe, Asia-Pacific and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch and product development to strengthen their market outreach and sustain the stiff competition in the market.
Competition AnalysisKey companies profiled in the reciprocating compressor market report include Ariel Corporation, Atlas Copco AB, Burckhardt Compression Holding AG, Gardner Denver Holdings, Inc., General Electric, Howden Group Holdings Limited, IHI Corporation, Mayekawa Mfg. Co., Ltd., SIEMENS AG, and Ingersoll Rand.
Key benefits for stakeholdersThe report provides an extensive analysis of the current and emerging global reciprocating compressor market trends.
In-depth global reciprocating compressor market analysis is conducted by constructing market estimations for key market segments between 2022 and 2032.
Extensive analysis of the global reciprocating compressor market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global reciprocating compressor market revenue and volume forecast analysis from 2023 to 2032 is included in the report.
The key players within the global reciprocating compressor market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the global reciprocating compressor industry.
Key Market SegmentsBy TypeSingle Acting
Double Acting
Diaphragm
By Stage TypeSingle Stage
Multi Stage
By End UserOil and Gas
Pharmaceutical
Chemical plants
Refrigeration plants
Food
Manufacturing
Automotive
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
LAMEA
Middle East
Africa
Key Market PlayersAtlas Copco AB
IHI Corporation
General Electric
Howden Group Holdings Limited
SIEMENS AG
Ingersoll Rand
Ariel Corporation.
Burckhardt Compression Holding AG
Gardner Denver Holdings, Inc.
Mayekawa Mfg. Co., Ltd.
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