Reciprocating Air Compressor Market Size, Share & Trends Analysis Report By Technology (Single-acting, Double-acting), By Lubrication (Oil Free, Oil-filled), By Type, By Application, By Region, And Segment Forecasts, 2023 - 2030

Reciprocating Air Compressor Market Size, Share & Trends Analysis Report By Technology (Single-acting, Double-acting), By Lubrication (Oil Free, Oil-filled), By Type, By Application, By Region, And Segment Forecasts, 2023 - 2030

Reciprocating Air Compressor Market Growth & Trends

The global reciprocating air compressor market size is anticipated to reach USD 7.23 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 4.1% from 2023 to 2030. The increasing awareness of air quality and related negative consequences on the environment is anticipated to drive the market demand. Furthermore, the stringent government regulations pertaining to environmental air protection and carbon dioxide emissions compelled reciprocating air compressor manufacturers to develop energy-efficient products. In addition, the reciprocating air compressors used in workplaces are required to comply with the Occupational Health & Safety regulations.

An interconnected market has been created due to the industrialization-driven economy and developments in reciprocating air compressor technology. Modern machinery used in production requires compressed air-generated power to operate. In addition, the expansion of industries in Latin America, Africa, and Asia presents a sizable opportunity for reciprocating air compressor producers to grow further. Furthermore, these regions are preferring cutting-edge, technologically advanced compressed air compressors. These aforementioned factors are anticipated to propel the market demand over the forecast period.

Industries such as manufacturing have been adopting economical and energy-efficient production processes to enhance their productivity and profitability. Surging demand for oil-free reciprocating air compressors from operative energy dissemination solicitations owing to their cost-optimizing features is also predicted to fuel the growth of the industry of the oil-free air compressor. Moreover, manufacturers provide a broad selection of reciprocating air compressors with features such as simple operation to meet the demands of various industrial applications. Due to advancements in technology, oil-free reciprocating air compressors with pure air have been developed.

The single-acting reciprocating air compressors find application in various industries and settings where compressed air is needed. These compressors are well-suited for tasks that require intermittent or moderate levels of compressed air. For instance, these are used in certain food processing applications, such as pneumatic conveying of ingredients or packaging processes. Single-acting reciprocating air compressors are often simpler in design and construction, which can make them more cost-effective for certain applications. These aforementioned factors are anticipated to augment the market demand over the forecast period.

Major players in the market adopt a wide range of strategies such as R&D, new product development, and expansion of distribution networks. For instance, in 2022, Hoerbiger entered into an agreement with Ariel Corporation to provide non-lube compressor products that are capable of the compression requirements of the mobility market such as private trucking companies, large fleet vehicles, trains, boats/ships, and other high-pressure applications. Furthermore, in June 2020, Elgi Equipments launched the LD Series lubricated reciprocating air compressors. The LD series offers better input power, durable parts, and a limited number of service locations, which support its low life cycle cost and quick return on investment.

Reciprocating Air Compressor Market Report Highlights

• In terms of technology, the single-acting technology segment is anticipated to witness a CAGR of 3.9% over the forecast period. These compressors are commonly used in small industrial settings, home workshops, and other environments where moderate air compression is needed. Further, due to the durability offered by reciprocating air compressors, this results in the machine having a significant product life
• The double-acting technology segment led the market in 2022 with a market share of 59.4%. Double-acting compressors are better suited for applications that require a continuous supply of compressed air. They can handle higher duty cycles and provide a more consistent output of compressed air
• In terms of lubrication, the oil-free lubrication segment is anticipated to witness the fastest CAGR of 5.1% over the forecast period. Oil-free reciprocating air compressors are essential in applications where the compressed air must be completely free of oil contamination
• Based on type, the portable type segment is anticipated to witness the fastest CAGR of 4.5% over the forecast period. Portable reciprocating air compressors are widely used in construction & mining activities. They are also extensively used across various industrial applications, owing to their convenience in shipping the equipment
• In terms of application, the manufacturing segment held a 39.1% revenue share in 2022. This can be attributed to the rapid industrialization in developing economies such as India, China, and Brazil, coupled with increasing demand for advanced and energy-efficient air compressors in the manufacturing sector

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