The latest market report published by Constancy Researchers “Global Reciprocating Air Compressor Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Reciprocating Air Compressor Market: Overview
The global reciprocating air compressor market was valued at US$ XX Million in 2020 and is estimated to grow at a CAGR of XX% during the forecast period. The global reciprocating air compressor market is anticipated to witness substantial growth in the years to come due to the growing demand for reciprocating air compressor from the food & beverages industry along with increased investment in the oil & gas industry for exploration activities across the globe. According to a recent report published in 2019 by the Global Oil & Gas Industry Trade Association (IOGP), North America produced more oil than ever before in 2018 which is over 22.6 million barrels per day. Furthermore, as per the same report, the region now had an oil production indicator of 91% in 2019 as compared to 83% in 2018. Moreover, the emergence of new technologies coupled with increased demand for eco-friendly products are some of the key opportunities for the global reciprocating air compressor market over the upcoming years. Besides, the volatile raw material cost is one of key factors estimated to hamper the global reciprocating air compressor market growth in the years to come.
Global Reciprocating Air Compressor Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global reciprocating air compressor market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global reciprocating air compressor market, the demand for reciprocating air compressor has decreased due to haltin the manufacturing industry worldwide along with the decreased travelling during the COVID-19 period.
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Global Reciprocating Air Compressor Market: Report Highlights
- Based on the power rating, the 101-300 kW category had a substantial share in 2020 in the global reciprocating air compressor market and is estimated to continue growth at a significant CAGR over the forecast period. This is ascribed to the increased demand for 101-300 kW category reciprocating air compressors in the food & beverages industry.
- On the basis of application, in the reciprocating air compressor market, the manufacturing category had a major share in the global market in 2020 and is estimated to continue its dominance over the forecast period. Besides, the home appliances category is estimated to witness high growth during the forecast period.
- Based on the regional analysis, Asia Pacific dominated the market in 2020 and is projected to grow at the highest rate during the forecast period. This is majorly due to the increased government spending on infrastructure development and industrialization in the region. Moreover, the increased manufacturing activities along with the growing demand for reciprocating air compressor from the emerging economies are further estimated to enhance the regional growth over the upcoming years.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global reciprocating air compressor market.
- As per the research by Constancy Researchers Private Limited, the global reciprocating air compressor market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Reciprocating Air Compressor Market
- Atlas Copco
- BelAire Compressors
- Bauer Group
- Compressor Products International (CPI)
- Cook Compression
- Frank Technologies
- Galaxy Auto Service Equipment Co. Ltd.
- Gast Manufacturing Inc.
- GE Energy
- Parker Hannfin Corporation
- Heyner
- Hitachi Industrial Equipment Systems Co. Ltd.
- MAT Industries LLC
- Hoerbiger
- Ingersoil Rand PLC
- Kaesar Compressors
- Oasis Manufacturing
- Sullair LLC
- Vanair Inc.
- W. Graigner Inc.
- Elgi Equipments Limited
- Others
Global Reciprocating Air Compressor Market: Segmentation
Constancy Researchers Private Limited has segmented the global reciprocating air compressor market on the basis of type,lubrication, product type, power rating, application, and regional analysis-
Global Reciprocating Air Compressor Market: By Type
- Stationary
- Portable
Global Reciprocating Air Compressor Market: By Lubrication
- Oil-free
- Oil-filled
Global Reciprocating Air Compressor Market: By Power Rating
- 0-100 kW
- 101-300 kW
- 301-500 kW
- 500 kW and above
Global Reciprocating Air Compressor Market: By Application
- Semiconductor & Electronics
- Oil & Gas
- Manufacturing
- Energy
- Food & Beverage
- Home Appliances
- Healthcare
- Others
Global Reciprocating Air Compressor Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
