About Reciprocating Compressors
Reciprocating compressors are productive displacement machine in which compressing and displacing element is a piston having a reciprocating motion within a cylinder. The United States is a major contributor in the reciprocating compressor market and accounted for the largest market share of North America. Because of many factors, including but not limited to the quality of the initial specification/design, adequacy of maintenance practices and operational factors, industrial facilities can expect widely varying life-cycle costs and reliability from their installations.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The Global Reciprocating Compressors Market Is Moderate Competitive And Consists Of Some Key Players. In Terms Of Market Share, Few Of The Key Players Presently Dominate The Global Market. Key Vendors With A Prominent Share In The Global Market Are Concentrating On Escalating Their Client Base The World. These Market Players Are Leveraging On Strategic Collaborative Creativities To Intensification Their Market Share And Escalation Their Profitability. Key Vendors Operating In The Global Market Are Also Acquiring Start-Ups. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Reciprocating Compressors market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Atlas Copco (Sweden), Ariel Corp. (United States), Corken (United States), Fusheng Co., Ltd (China), Gardner Denver (United States), General Electric (United States), Hitachi (Japan), Ingersoll-Rand (Ireland), Kaeser Kompressoren (Germany), KOBE STEEL, LTD (Japan), Siemens (Germany) and NEUMAN & ESSER GROUP (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Belaire Compressor (United States), Elgi Equipments (India), Frank Technologies (India), Howden Group Ltd (United Kingdom) and Sundyne (United States).
Segmentation Overview
AMA Research has segmented the market of Global Reciprocating Compressors market by Type (Single Acting and Double Acting), Application (Refrigeration Industry (Domestic Refrigerators, Food & Beverage Cooling, Wine Coolers, Water Coolers, Vending Machines, and others), Oil & Gas (Oil Refineries, Gas Pipelines, Natural Gas Processing Plants, Chemical Plants), Plastic Industry, Food & Beverages, Healthcare, Home Appliances, Manufacturing, Mining, Semiconductor & Electronics and Others) and Region.
On the basis of geography, the market of Reciprocating Compressors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Frame will boost the Reciprocating Compressors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Orientations, the sub-segment i.e. Vertical will boost the Reciprocating Compressors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Oxygen across Steel and Iron Industry
Market Growth Drivers:
High Demand From Refinery and LNG & CNG Transport & Storage Plants and Rising Demand from Gas Transmission Pipelines, Petrochemical Plants, Refineries and Other Industries
Challenges:
Technical and Cost Limitations
Restraints:
High Demand for the Rental Service of Piston Air Compressor Is a Key Factor Restraining the Sale of the Product
Opportunities:
Growing Industrialization and Other Manufacturing Industry in APAC Region
Market Leaders and their expansionary development strategies
In Mar 2019, Atlas Copco Announced The Confirmation Of Acquisition Of Quincy Compressor From ENPRO Industries. Through This Atlas Plans To Develop The Quincy Brand Independently By Following Its Brand Portfolio Strategy.
In Nov 2018, Siemens Selected To Provide 19 Process Reciprocating Compressors for AdNoC Refining’s Crude Flexibility Project at Ruwais Refinery-West. Through This Project It Is Intended to Increase the Refinery’s Crude Processing Flexibility, Enabling the Site to Process up To 420,000 Barrels of Oil per Day.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Reciprocating Compressors Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.