A compressor is a device that is utilize to raise the pressure of air from low pressure to high pressure by making use of some external energy. A reciprocating compressor is piston-cylinder arrangement which make use of a piston to compress a gas and deliver it at high pressure. One of the key driving factor for the reciprocating compressor market is the rising adoption of these reciprocating compressor in the manufacturing process of iron and steel. Reciprocating compressor plays an important role in iron and steel industry and thus growth in the latter is expected to fuel the overall growth of the global market. In addition to this, increase in the requirement from the CNG and LNG transport and storage plants is also help to groom the overall global reciprocating compressor market. Another key factor that has been increasing the adoption of reciprocating compressors is their utilization in catering to demand of production of gases in different industries.
The global reciprocating compressor market is categorized on the basis of types, such as single-acting reciprocating compressor, double-acting reciprocating compressor. Among these types, single-acting reciprocating compressor have the maximum share in the market. This type of compressor is mostly utilized in places such as small workshops and houses because of its ease operation as well as portability. Along with this, the reciprocating compressor market is also categorized based on its applications, such as oil and gas, manufacturing, health care, food and beverages, semiconductor and electronics, mining, others. Among these applications, manufacturing has the maximum share in the market, because compressed air is utilized to operate pneumatic tools, welding equipment’s, cutting equipment, and molding equipment, among others in manufacturing companies such as automotive, construction equipment, and other.
In order to help the manufacturers and suppliers for making their strategic decisions, the report provides some of the major players in the global reciprocating compressor market, such as Atlas Copco, Siemens AG, GE Company, IHI Corporation, Ltd., Mitsui E&S Holdings Co., Ltd., The Japan Steel Works, LTD., Kaeser Kompressoren Co., Ltd., Burckhardt Compression AG, Hitachi Industrial Products, Ltd., Mayekawa Mfg. Co., LTD.
Trends and Future Outlook:
- The key players are expected to adopt different strategies so as to expand their global presence and increase their market share.
- Increase in the production activities specially in the automotive sector in Asia Pacific is expected to increase the demand for reciprocating compressor.
- In April 2019, Burckhardt Compression AG introduced Laby compressors for LNG carriers with X-DF propulsion system, this will help to boost the reciprocating compressor market in future.