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Reciprocating Compressor Market Research Report- Forecast till 2026
SKU ID : MRF-17760182 | Publishing Date : 01-Feb-2021 | No. of pages : 121
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Reciprocating Compressor Market Research Report- Forecast till 2026
Market Synopsis
According to MRFR studies, the global reciprocating compressors market was valued at ~USD 6,497 million in 2018 and is anticipated to register ~5.14% CAGR during the review period. Reciprocating compressors utilize a positive displacement pressure rule, which produces pneumatic stress through different sides that give either attractions or release. They are reasonable for compacting modest quantities of air to high pressing factors and can rapidly disseminate the warmth from pressure. Such compressors are intended for nonstop modern help with negligible long upgrade spans and upkeep costs. They can work in extraordinary conditions with advanced expectations. Reciprocating refrigeration compressors are likewise utilized for refrigeration and cooling applications. They are profoundly dependable, have low between stage temperatures, and low cylinder speed, which help stretch out assistance spans up to 8000 running hours. In reciprocating without oil air compressors, three to four pressure stages are included, which help save energy and increment their life expectancy.
The worldwide market for reciprocating compressors has been seeing considerable development in recent years. The interest for reciprocating compressors is relied upon to be driven by the expanding interest for oil and gas and developing industrialization requiring compressors for different assembling measures. The developing investigation and creation exercise in the oil and gas industry is required to drive the interest for reciprocating compressors during the gauge time frame. Most advanced mechanics and computerization applications include the utilization of reciprocating air compressors for pneumatic robots controlled with compacted air and processing plants utilize pneumatic robots in robotization applications to accelerate the work process. For example, central members in the food and drink industry rely upon programmed pneumatic frameworks to coordinate item fixings through the directions in the creation line. Reciprocating compressors help improve profitability after growing its pneumatic framework. Such mechanical advancements in the mix of reciprocating compressors with mechanical technology and mechanization would raise the selection of mechanical technology and computerization.
Regional Analysis
Geographically, the global reciprocating compressors market has been classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is likely to drive the largest market share owing to the largest market in 2018. The regional market growth of the oil & gas industry and the improvement in financial conditions in this region are expected to rise in the demand for reciprocating compressors in the future.
Market Segmentation
The global reciprocating compressors market has been classified into type, component, and end-use industries.
In terms of type, the global market has been segmented into portable and stationary. The component type divides the market into crankshaft, piston, and bearings, which are reciprocating compressor parts. Depending on the end-use industry, the global market has been classified into oil & gas, manufacturing, food & beverage, semiconductor & electronics, mining, and others.
Major Players
The Major Players operating in the global reciprocating compressors market include Ariel Corporation (US), Siemens (Germany), General Electric (US), Atlas Copco (Sweden), Ingersoll-Rand plc (Ireland), Kobe Steel, Ltd. (Japan), and Burckhardt Compression AG (Switzerland). Hitachi Industrial Products, Ltd. (Japan), Howden Group (UK), Gardner Denver, Inc. (US), Sundyne (US), Shenyang Blower Works Group Corporation (China), Kaeser Kompressoren (Germany), mayekawa mfg. Co., Ltd (US), and Corken, Inc. (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Market Synopsis
According to MRFR studies, the global reciprocating compressors market was valued at ~USD 6,497 million in 2018 and is anticipated to register ~5.14% CAGR during the review period. Reciprocating compressors utilize a positive displacement pressure rule, which produces pneumatic stress through different sides that give either attractions or release. They are reasonable for compacting modest quantities of air to high pressing factors and can rapidly disseminate the warmth from pressure. Such compressors are intended for nonstop modern help with negligible long upgrade spans and upkeep costs. They can work in extraordinary conditions with advanced expectations. Reciprocating refrigeration compressors are likewise utilized for refrigeration and cooling applications. They are profoundly dependable, have low between stage temperatures, and low cylinder speed, which help stretch out assistance spans up to 8000 running hours. In reciprocating without oil air compressors, three to four pressure stages are included, which help save energy and increment their life expectancy.
The worldwide market for reciprocating compressors has been seeing considerable development in recent years. The interest for reciprocating compressors is relied upon to be driven by the expanding interest for oil and gas and developing industrialization requiring compressors for different assembling measures. The developing investigation and creation exercise in the oil and gas industry is required to drive the interest for reciprocating compressors during the gauge time frame. Most advanced mechanics and computerization applications include the utilization of reciprocating air compressors for pneumatic robots controlled with compacted air and processing plants utilize pneumatic robots in robotization applications to accelerate the work process. For example, central members in the food and drink industry rely upon programmed pneumatic frameworks to coordinate item fixings through the directions in the creation line. Reciprocating compressors help improve profitability after growing its pneumatic framework. Such mechanical advancements in the mix of reciprocating compressors with mechanical technology and mechanization would raise the selection of mechanical technology and computerization.
Regional Analysis
Geographically, the global reciprocating compressors market has been classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is likely to drive the largest market share owing to the largest market in 2018. The regional market growth of the oil & gas industry and the improvement in financial conditions in this region are expected to rise in the demand for reciprocating compressors in the future.
Market Segmentation
The global reciprocating compressors market has been classified into type, component, and end-use industries.
In terms of type, the global market has been segmented into portable and stationary. The component type divides the market into crankshaft, piston, and bearings, which are reciprocating compressor parts. Depending on the end-use industry, the global market has been classified into oil & gas, manufacturing, food & beverage, semiconductor & electronics, mining, and others.
Major Players
The Major Players operating in the global reciprocating compressors market include Ariel Corporation (US), Siemens (Germany), General Electric (US), Atlas Copco (Sweden), Ingersoll-Rand plc (Ireland), Kobe Steel, Ltd. (Japan), and Burckhardt Compression AG (Switzerland). Hitachi Industrial Products, Ltd. (Japan), Howden Group (UK), Gardner Denver, Inc. (US), Sundyne (US), Shenyang Blower Works Group Corporation (China), Kaeser Kompressoren (Germany), mayekawa mfg. Co., Ltd (US), and Corken, Inc. (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
