Reciprocating Air Compressor Market

Reciprocating Air Compressor Market – Overview

The global reciprocating air compressor market is anticipated to expand at a promising rate from 2021 to 2031 (forecast period). Reciprocating air compressors are utilized in a variety of industries, including healthcare, pharmaceutical, oil and gas, energy, manufacturing, chemicals, semiconductors, and so on. Such a broad range of applications is projected to boost the worldwide reciprocating air compressor market in the near future. Moreover, the rising production units throughout the world and the global economy's return to normalcy following the pandemic are projected to support the growth of the reciprocating air compressor market.

In recent years, players in the global reciprocating air compressor market have shifted their focus to efficiently managing heat, assisting in rotation, limiting gas flow, and boosting machine durability.

Reciprocating Air Compressor Market – Competitive Landscape

Key players active in the global reciprocating air compressor market are Gardner Denver, Atlas Copco, Kaeser Kompressoren, Emersion Climate Technologies, Guru Enterprises, Elgi Compressors USA Inc, Quincy Compressor, Sullair LLC, Vanair, Frank Technologies, Ingersoll-Rand, Hertz, Gardner Denver, and others.

The global reciprocating air compressor market is expected to witness competition due to the presence of numerous manufacturers around the world. The expanding healthcare sector and rising manufacturing units are driving market participants to develop more sustainable and energy-efficient products. Several countries are focusing on developing environmentally friendly products and supporting such products.

Moreover, to achieve a competitive edge in the market, players are concentrating on product innovation, pricing strategy, and a robust distribution network. Several organizations focus on strategic alliances and acquisitions to extend their business segments.

Reciprocating Air Compressor Market – Trends and Opportunities

Increased exploration and production-related operations in the oil and gas industry and the explosive growth of the industrial sector are expected to boost the global reciprocating air compressor market. Moreover, the increased crude oil exploration in Middle Eastern countries is likely to benefit the reciprocating air compressor market.

Furthermore, the semiconductor industry is rapidly changing as more and more home appliances are being infused with semiconductors to expand their applicability. The semiconductor industry, which serves the electronic industry and numerous other end-users like consumers, automotive, and defense, is expanding rapidly, which is expected to drive the demand for reciprocating air compressors.

The stationary reciprocating air compressor segment is anticipated to witness significant growth in the reciprocating air compressor market. Stationary reciprocating air compressors are used in refrigerators, air conditioners, automobiles, and industries for manufacturing facilities, warehouses, workshops, etc. Increasing demand for air conditioners and refrigerators as a result of a growing middle class and increased per capita income is expected to drive segment growth.

Reciprocating Air Compressor Market – Regional Landscape

The North America reciprocating air compressors market is expected to expand during the forecast period. Increasing shale gas exploration in the United States is likely to be the main aspect driving the regional market growth. Moreover, a large number of refrigerated warehouses in the region for the food and beverage industries are expected to push product demand even further.

The reciprocating air compressors market in Asia Pacific is projected to experience considerable growth during the forecast period. Companies worldwide are emphasizing Asia Pacific since it is a high-potential market for a variety of industries. Moreover, increasing end-user sectors such as healthcare, manufacturing, and electronics are important factors driving the regional market. Furthermore, the presence of major automotive manufacturers, where reciprocating air compressors are employed in manufacturing lines and for other purposes, is expected to boost the reciprocating air compressors market in Asia Pacific.