Global Reciprocating Compressor Market Size, Share, Growth & Forecast 2026

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Global reciprocating compressor market is expected to grow at a substantial CAGR during the forecast period. The global reciprocating compressor market is driven by growing demand from refinery and LNG & CNG transport & storage plants. The reciprocating compressors offers outstanding features, such as high efficiency and ability to produce both high pressure and power, thereby bolstering the growth of the global reciprocating compressors industry. Rising demand for oxygen supply across steel and iron industry is projected to positively impact the growth of the market over the next few years.

The global reciprocating compressor market is segmented based on type, component, application, end-use industry, company, and region. Based on end-use industry, the global market has been segmented into oil and gas, chemical, automotive, consumer electronics, industrial, others. Out of which, the oil and gas segment dominated the market in terms of largest market share during the forecast period and the segment is expected to maintain its dominance during the forecast period as well, which can be attributed to the substantial use of reciprocating compressors in a wide range of processes in oil and gas industrial sector. Regionally, Asia pacific is estimated to dominate the global reciprocating compressor market during the forecast period. This is primarily due to the growing demand for petrochemical products like ethylene derivatives, propylene derivatives, and aromatic products in the region.

The major players operating in the reciprocating compressor market are Ariel Corporation, Siemens, General Electric, Atlas Copco, Ingersoll-Rand plc, Kobe Steel, Ltd, Burckhardt Compression AG, Hitachi Industrial Products, Ltd., Howden Group, Gardner Denver, Inc., and others.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

To analyze and estimate the market size of global reciprocating compressor market from 2016 to 2019.
To estimate and forecast the market size of global reciprocating compressor market from 2020 to 2026 and growth rate until 2026.
To classify and forecast global reciprocating compressor market based on type, component, application, end-use industry, company and regional distribution.
To identify dominant region or segment in the global reciprocating compressor market.
To identify drivers and challenges for global reciprocating compressor market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global reciprocating compressor market.
To conduct pricing analysis for global reciprocating compressor market.
To identify and analyze the profile of leading players operating in global reciprocating compressor market.
To identify key sustainable strategies adopted by market players in global reciprocating compressor market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.

TechSci Research calculated the market size of global reciprocating compressor market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Reciprocating compressor manufacturers
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to reciprocating compressor

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Product Overview
Research Methodology
Impact of COVID-19 on Global Reciprocating Compressor Market
Executive Summary
Voice of Customer
Global Reciprocating Compressor Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type (Vertical, Horizontal and Angular)

6.2.2. By Component (Crankshaft, Piston, Bearings and others)

6.2.3. By Application (Upstream Oil & Gas, Refinery, Industrial Gases, LNG & CNG Transport & Storage and Ethylene & LDPE Plants)

6.2.4. By End-use Industry (Oil and Gas, Chemical, Automotive, Consumer Electronics, Industrial, Others)

6.2.5. By Company

6.2.6. By Region

6.3. Market Attractiveness Index

Asia-Pacific Reciprocating Compressor Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Component

7.2.3. By Application

7.2.4. By End-use Industry

7.2.5. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Reciprocating Compressor Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Application

7.3.1.2.3. By End-use Industry

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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