USD 5.1 billion
Report ID: SQMIG20I2067 | Region: Global | Published Date: March, 2023 | Pages: 157 | Tables: 64 | Figures: 75
Global Piston Compressor Market size was valued at USD 5.1 billion in 2021 and is poised to grow from USD 5.3 billion in 2022 to USD 7.9 billion by 2030, growing at a CAGR of 4.9% in the forecast period (2023-2030).
The global piston compressor market is a highly competitive industry that has been growing steadily over the past few years. These are widely used in various industrial applications such as manufacturing, automotive, and construction. As these industries continue to grow and expand, the demand for piston compressors is expected to increase. The increasing demand for compressed air in these industries, coupled with the need for reliable and efficient equipment, is driving the growth of the market. The market has seen significant technological advancements in recent years, including the development of oil-free and variable-speed compressors. These advancements have improved the efficiency and reliability of piston compressors, making them more attractive to customers. Additionally, the introduction of smart technologies such as IoT sensors and data analytics is allowing companies to monitor and optimize compressor performance, further improving efficiency and reducing maintenance costs. The global market is highly competitive, with several key players competing for market share. These companies are investing heavily in R&D to develop more efficient and reliable compressor technologies and are also expanding their product portfolios through acquisitions and partnerships to stay ahead of the competition.
US Piston Compressor Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.1 billion
To get more reports on the above market click here to Buy The Report
Global Piston Compressor Market is segmented on the basis of type, end-user and region. By type, the market is segmented into air-cooled and water-cooled compressors. By end-user, Piston Compressor Market is segmented into oil and gas, manufacturing, power, chemicals and petrochemicals, mining and construction, and others. By region, the Piston Compressor Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Piston Compressor Market Analysis by Type
Air-cooled piston compressors segment dominated the global market. These are the most common type of piston compressor and are widely used in various applications such as the automotive, manufacturing, and construction industries. These compressors use air as a coolant to dissipate heat generated during compression. The air-cooled piston compressor has several advantages such as simple design, low maintenance, and low cost of operation. Air-cooled compressors are typically smaller in size and more compact than water-cooled compressors, making them suitable for applications where space is limited. Additionally, air-cooled compressors are easier to install and require fewer infrastructures, making them ideal for small-scale applications.
Water-cooled piston compressors segment is the fastest growing segment. These are another type of piston compressor that uses water as a coolant to dissipate heat generated during compression. These compressors are typically used in high-temperature applications and in industrial processes that require large volumes of compressed air. Water-cooled compressors have several advantages such as higher efficiency, longer service life, and lower operating temperatures compared to air-cooled compressors. However, they require a continuous supply of water for cooling, which can increase the cost of operation and infrastructure requirements. Water-cooled compressors are typically larger in size and require more space than air-cooled compressors, making them suitable for large-scale applications.
Piston Compressor Market Analysis by End-User
The largest segment of the global piston compressor market by end-use industry is the manufacturing industry. The manufacturing industry is a major consumer of compressed air, using it for various applications such as pneumatic tools, spray painting, and packaging. This segment is expected to continue to grow steadily due to the increasing demand for compressed air in various manufacturing processes.
The fastest-growing segment of the global piston compressor market by end-use industry is the mining and construction industry. The demand for piston compressors in this industry is being driven by the increasing demand for mining and construction activities, particularly in emerging economies. The mining and construction industry requires high-pressure compressed air for various applications such as drilling, rock breaking, and material handling, which is driving the growth of the piston compressor market in this segment.
To get detailed analysis on other segments, Request For Sample Report
The dominating region of the Global Piston Compressor Market is Asia Pacific, with China, India, and Japan being the major contributors to the market growth in the region. The Asia Pacific region is expected to maintain its dominance in the coming years, driven by the increasing industrialization and rising demand for manufactured goods in the region. China is the largest market for piston compressors in the Asia Pacific region, accounting for a significant share of the global market. The growth in the country is driven by the increasing demand from the manufacturing sector and expanding oil and gas industry. Additionally, the country is witnessing significant investments in renewable energy, which is expected to boost the demand for piston compressors in the coming years. India is another significant market for piston compressors in the Asia Pacific region. The growth in the country is driven by the increasing demand from the manufacturing sector, expanding oil and gas industry, and growing investments in renewable energy. Moreover, the government's initiatives, such as "Make in India" and "Smart Cities Mission," are further boosting the growth of the manufacturing sector in the country, which is expected to drive the demand for piston compressors. Japan is a mature market for piston compressors, with the presence of a developed manufacturing sector and a mature oil and gas industry. The growth in the country is driven by the increasing demand from the automotive and electronics industries and expanding oil and gas industry. Moreover, the country is witnessing significant investments in renewable energy, which is expected to drive the demand for piston compressors in the coming years. South Korea is another significant market in the Asia Pacific region. The growth in the country is driven by the increasing demand from the electronics and automotive industries and expanding oil and gas industry. The government's initiatives, such as the "New Southern Policy," are further boosting the growth of the manufacturing sector in the country, which is expected to drive the demand for piston compressors.
The fastest growing region in the Global Piston Compressor Market is the Middle East and Africa (MEA) region. The MEA region is witnessing significant growth in the market, driven by the expanding oil and gas industry in the region, particularly in countries such as Saudi Arabia, the UAE, and Qatar. Saudi Arabia is the largest market in the Middle East and Africa region, driven by the expanding oil and gas industry in the country. The increasing exploration activities in offshore oil and gas fields and shale gas reserves are boosting the demand for piston compressors in the country. UAE is another significant market for piston compressors in the Middle East and Africa region, driven by the expanding oil and gas industry in the country. The government's initiatives, such as "Vision 2030," are aimed at reducing the country's dependence on oil exports and diversifying the economy, which is expected to drive the demand for piston compressors in the coming years. Qatar is witnessing significant growth in the market for piston compressors, driven by the expanding oil and gas industry in the country. The government's initiatives, such as the National Vision 2030, are aimed at diversifying the economy and developing the non-oil sector, which is expected to drive the demand for piston compressors. South Africa is the largest market for piston compressors in Africa, driven by the increasing demand from the manufacturing sector and expanding mining industry. Additionally, the growing investments in renewable energy, such as solar and wind energy are further boosting the demand for piston compressors in the country.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Piston Compressor Market Drivers
Growth in the Manufacturing Sector
Expansion of the Oil and Gas Industry
Piston Compressor Market Restraints
High Maintenance Cost
Availability of Alternative Technologies
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Global Piston Compressor Market is highly competitive and fragmented, with several players operating in the market. The competition in the market is intense, with players focusing on innovation, product differentiation, and pricing strategies to gain a competitive edge.
Piston Compressor Market Top Player’s Company Profiles
Piston Compressor Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Piston Compressor Market analysis, the global market is a highly competitive and dynamic market that is driven by several factors such as growing industrialization, increasing demand for energy-efficient compressors, and technological advancements in compressor design. Asia-Pacific is expected to be the largest and fastest-growing region in the global market due to the increasing demand for compressors in industries such as manufacturing, oil & gas, and power generation. The global market is highly competitive and fragmented, with several players operating in the market. The key drivers of growth in the global market include increasing demand from various end-use industries, growing emphasis on energy efficiency and sustainability, and advancements in compressor design and technology. The market is also expected to benefit from the increasing adoption of natural gas as a cleaner and more efficient source of energy. The global market faces several challenges such as intense competition, volatile raw material prices, and increasing pressure to reduce costs and improve efficiency. In addition, the market may also face regulatory and environmental challenges due to concerns over emissions and pollution. Overall, the global piston compressor market is expected to continue to grow in the coming years, driven by increasing demand from various end-use industries and the focus on energy efficiency and sustainability. However, the market is also likely to face challenges and uncertainties, which will require players to adapt and innovate to stay competitive.
|Market size value in 2021||USD 5.1 billion|
|Market size value in 2030||USD 5.3 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Piston Compressor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Piston Compressor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Piston Compressor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Piston Compressor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.