Reciprocating Compressor Market

Reciprocating Compressor Market Outlook (2023 to 2033)

The size of the global reciprocating compressor market reached US$ 4.2 billion in 2022. Worldwide demand for reciprocating compressors is predicted to rise at a CAGR of 6% and reach a market valuation of US$ 8 billion by 2033-end.

Reciprocating compressors are also addressed as positive displacement machines. They use pistons for compression and delivery of gas at higher pressure. Moreover, they are capable of handling gases at high pressure.

Significant expansion of the oil & gas sector is set to boost the demand for reciprocating compressors. Increasing use of reciprocating compressors in the pharmaceutical and healthcare sectors is attributed to technological advancements taking place in medical equipment. R&D ventures, innovation, and increasing access to various cutting-edge technologies are bolstering market opportunities.

Growing focus on reducing crosshead vibration and early fault detection and damage presents promising opportunities for reciprocating compressor suppliers. Manufacturers of these compressors are actively developing technologically advanced models to cater to the specific needs of various end-use sectors, such as electronics and semiconductors. Demand for these specialized compressors is expected to rise as industries seek efficient and reliable solutions for their specific applications.

Flexibility of use, achievement of high efficiencies, higher pressure generation, and effectiveness to use in intermittent cycling are some advantages of reciprocating compressors. The refrigeration cycle is one of the prominent applications of reciprocating compressors. Further, they are widely used in pipelines for chemical plants, oil refineries, natural gas, and other facilities.

Manufacturers, distributors, suppliers, and service providers are key participants in the market. These businesses compete with each other on product performance, energy efficiency, dependability, competitive pricing, and after-sales assistance. Market expansion is dependent on various factors, including economic conditions, regional industrial activities, and industry-specific requirements.

Infrastructure development and rapid industrialization in emerging markets are projected to contribute to market growth in the coming 10 years. Further, increasing investments in the construction, energy, and manufacturing sectors are anticipated to propel demand for reciprocating compressors.

A thorough analysis of the different dynamics of reciprocating compressors is incorporated in the research report published by Fact.MR, a market research and competitive intelligence provider. This research report ensures a detailed analysis of numerous aspects, including growth opportunities, key challenges, new product launches, regional overview, and others.

Report Attributes	Details
Reciprocating Compressor Market Size (2022)	US$ 4.2 Billion
Global Market Value (2023)	US$ 4.46 Billion
Forecasted Market Value (2033)	US$ 8 Billion
Global Market Growth Rate (2023 to 2033)	6% CAGR
Key Market Segment	Oil-free Reciprocating Compressors
Preferred Type	Stationary Reciprocating Compressors
Key Companies Profiled	Gardener Denver Blade Compressors LLC Lontra MARELLI Burckhardt Compression AG Shanghai Highly Co., Ltd. Atlas Copco Hitachi Sundyne Howden Group Siemens AG

What Prominent Factors are Augmenting the Sales of Reciprocating Compressors?

“Expansion of Oil & Gas Sector Propelling Demand for Reciprocating Compression Systems”

Demand for reciprocating compressors is anticipated to increase owing to the expansion of the oil & gas industry. Oil & gas are believed to be trustworthy sources of energy. Reciprocating compressors are employed in natural gas compressors on a regular basis.

Reciprocating compressors are highly versatile and capable of handling a wide range of pressures and capacities. These compressors are particularly used in the natural gas industry to increase the pressure of natural gas extracted from petroleum reservoirs.

Research conducted in various countries indicates that natural gas found in petroleum reservoirs often requires compression by up to 95% before it can be transported through pipelines. Reciprocating compressors play a crucial role in achieving the necessary pressure levels, ensuring the efficient and reliable transportation of natural gas from reservoirs to various destinations.

“Advancements in Medical Technology Fueling Demand for Reciprocating Compressors in Healthcare Industry”

Growing demand for reciprocating compressors is driven by advancements in medical technology that are redefining the healthcare industry. Reciprocating compressors are vital for the effective operation of different medical devices.

Compressors also find application in medical institutions as they are completely dependable on them even after completing their duty cycle. In the majority of medical institutions, they are used to create clean air. In addition, precise pressure is also required for effective air. Reciprocating compressors from the modern era ensure the utilization of piston cooler systems to effectively reduce heat accumulation.

What Challenges are Predicted to Restrict the Demand Growth for Reciprocating Compressors?

“Design Misconceptions and Price Rivalry among Reciprocating Compressor Suppliers”

Adoption of reciprocating compressors is limited due to certain false perceptions about their design. Fierce price competition in the market can impact the profitability of these compressors.

One of the key factors contributing to the comparatively lower speed of reciprocating compressors is their low capacity density. Moreover, certain components of these compressors, such as piston rings, discs, and reed valves, may have limitations in terms of longevity, which can affect their overall performance and reliability.

How are Start-ups Projected to Evolve in the Reciprocating Compressor Landscape?

“Emphasis of Start-ups on Technological Advancements to Improve Reciprocating Compressor Performance”

Start-ups are forecasted to secure their space in the reciprocating compressor landscape with active involvement in technological advancements to enhance reliability and maintenance efficiency and improve the performance of products. Innovations in compressor materials, control systems, and design enhance the operational efficiency of reciprocating compressors. Technological advancements can also reduce downtime.

New companies are investing in digitalization, predictive maintenance technologies, and IoT (Internet of Things) to ensure the optimization of compressor performance and real-time monitoring.

Country-wise Insights

Why are Suppliers of Reciprocating Compressors Interested in the United States?

“Expanding Oil & Gas Industry and Widespread Availability of High-quality Reciprocating Compressors”

The United States reciprocating compressor market is predicted to expand at a significant pace during the assessment period. This growth is attributed to the expansion of the oil & gas industry, which is a prominent end-use sector of reciprocating compressors.

Technological advancements to offer high-quality compressors are also contributing to market expansion. Thus, wide availability of high-quality compressors along with improvements in reciprocating compressors is boosting business opportunities for suppliers in the United States.

Which European Countries Account for High Demand for Reciprocating Compressors?

“Rapid Industrialization in Germany and United Kingdom Driving Sales of Reciprocating Compressors”

Increasing government initiatives to increase industrial output along with rapid industrialization are projected to bolster demand for reciprocating compressors in Germany and the United Kingdom. Germany is predicted to hold a significant revenue share of the Europe market, whereas the United Kingdom market is forecasted to grow at a significant pace.

What Makes India and China Lucrative Markets for Manufacturers of Reciprocating Compressors?

“Increasing Electronics Manufacturing Pushing Sales of Reciprocating Compressors”

Increasing electronics manufacturing and rapid industrialization in China and India are projected to stimulate demand for reciprocating compressors. The growing utilization of reciprocating compressors in assembly lines by prominent manufacturers is predicted to augment their demand.

China is predicted to hold a significant share of the Asia Pacific market in the coming decade. The Chinese government implemented some stringent regulations to improve the quality of air due to increasing environmental consciousness and other initiatives, which are boosting the demand for reciprocating compressors.

Category-wise Insights

Which Type of Reciprocating Compressor is Most Used Widely?

“High Demand for Air Conditioners and Refrigerators Fueling Utilization of Stationary Reciprocating Compressors”

Portable and stationary are the two types of reciprocating compressors available around the world. Stationary reciprocating compressors are estimated to account for a significant share of the global market revenue.

Stationary compressors find applications in various products like automotive, refrigerators, and air conditioners. They are also widely used in industrial settings such as workshops, warehouses, and manufacturing facilities.

Growing demand for refrigerators and air conditioners, driven by the increasing middle-class population and rising per capita income, is expected to boost production activities in different industries. As a result, there is a projected increase in demand for stationary compressors due to these favorable market conditions.

Which Lubrication is Preferred for Reciprocating Compressors?

“Oil-free Reciprocating Compressors Popular for Their Versatility and Cost-efficiency”

Oil-free and oil-filled are two types of lubrications used in reciprocating compressors in recent years.

Increasing demand for oil-free reciprocating compressors is driven by significant growth in the healthcare industry, which requires clean and uncontaminated air. In healthcare sectors, the air released from compressors must be free from any foreign particles or contaminants, as they play a crucial role in various operations.

Oil-free reciprocating compressors enable industries to perform activities at economical prices. Further, they are also utilized in electronics, food & beverages, home appliances, and other industries.

Key Market Players

Industry players are investing at a significant rate in maintaining product standards, ensuring quality control, strengthening supply chain management systems, and other purposes.

New developments, agreements, and collaborations are some key strategies adopted by prominent players to expand their footprints.

For instance :

• Garden Denver, in March 2022, launched its piston compressor. This product is utilized in mass fluids that travel from solvents to pitches. This compressor has a two-cylinder in-line design with a small surface area that offers room for some additional off-loading and on-loading equipment.
• In October 2020, Lontra signed a partnership agreement with Blade Compressors, LLC, based in Jeffersonville, Indiana, the United States. The primary aim of this agreement is to facilitate the distribution of Lontra Blade Compressors' current and upcoming products in the North American market.

Key players in the reciprocating compressor market include Gardener Denver, Blade Compressors LLC, Lontra, MARELLI, Burckhardt Compression AG, Shanghai Highly Co., Ltd., Atlas Copco, Hitachi, Sundyne, Howden Group, and Siemens AG.

Segmentation of Reciprocating Compressor Industry Research

• By Type :

  • Portable
  • Stationary

• By Lubrication :

  • Oil-free
  • Oil-filled

• By Application :

  • Upstream Oil & Gas
  • Refineries
  • Industrial Gases
  • LNG (Liquefied Natural Gas) & CNG (Compressed Natural Gas) Transport & Storage
  • Ethylene & LDPE (Low-Density Polyethylene) Plants

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa