USD 5.5 billion
Reciprocating Compressor Market Size, Share, and Growth Analysis
Reciprocating Compressor Market By Type (Single Acting, Double Acting), By Lubrication (Oil-free, Oil Filled), By Stage Type (Single Stage, Multi Stage), By End User (Oil and Gas, Pharmaceutical), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG10B2092 |
Region:
Global |
Published Date: January, 2025
Pages:
178
|Tables:
86
|Figures:
71
Format -
Reciprocating Compressor Market Insights
Reciprocating Compressor Market size was valued at USD 5.5 billion in 2023 and is poised to grow from USD 5.75 billion in 2024 to USD 8.17 billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).
The reciprocating compressors market is driven by increasing demand from many end-user industries. Refineries, pharmaceutical sector, CNG and LNG storage facilities, and other areas have a lot of need for reciprocating compressors. With an emphasis on refurbishing existing systems, these facilities are implemented progressively with a variable pace design that is easy to use without compromising environmental performance.
The players in the global reciprocating compressor market are predicted to focus on features such as durability, gas flow limitation, circulation support, temperature control, and so on. Since medical gases such as hydrogen, oxygen and helium are used in medicine, it is important to monitor and reduce pipe vibration to detect and correct unresolved problems that can cause serious damage to reciprocating compressors, careful vibration control is important it to run.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Food and Beverage
Fastest Growth
Oil and Gas
Growth Rate
4.5% CAGR
Global Reciprocating Compressor Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Reciprocating Compressor Market Segments Analysis
Global Reciprocating Compressor Market is segmented by Type, Lubrication, Stage Type, End User and region. Based on Type, the market is segmented into Single Acting, Double Acting and Diaphragm. Based on Lubrication, the market is segmented into Oil-free and Oil Filled. Based on Stage Type, the market is segmented into Single Stage and Multi Stage. Based on End User, the market is segmented into Oil and Gas, Pharmaceutical, Chemical plants, Refrigeration plants, Food, Manufacturing, Automotive and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Application
The food and beverage application is a dominating segment and will witness a CAGR of 5.1% during the forecast period. Reciprocating air compressors are popular in the food and beverage industry due to their ability to produce clean and pollution-free air as oil can contaminate products and deteriorate their quality, food and beverage industry needs compressed air with oil and pollutants, the result of which is the demand for increased emissions in this industry. Companies operating in the food and beverage industry are constantly looking for opportunities to reduce carbon footprint and energy consumption operation, which can be obtained by adopting oil-free air compressors loading. These compressors use less energy and generate less heat, resulting in lower operating costs and less environmental impact.
Oil and gas application segment accounted for 13.5% of the global market share. Reciprocating air compressors are widely used in the oil and gas industry, where there are various upstream, midstream and downstream. Compressors are designed to deliver clean, dry, and uncontaminated compressed air, making them ideal for drilling, well completion, and pipeline maintenance applications. Oil-free reciprocating air compressors are less than oil-lubricated reciprocating compressors. Requires maintenance, which improves system reliability and reduces the risk of expensive downtime in oil and gas applications.
Analysis by Type
Portable is the dominating segment in the market. Due to the increasing adoption of these materials in construction and mining, it is a reliable source of power for machinery. Furthermore, portable compressors require less maintenance and are easier to operate, thus increasing their demand in low-volume applications. For example, in May 2022, Elgie Equipment introduced high-performance, energy-efficient, reliable electric and diesel-powered air conditioners.
In terms of type, the stationary type of segment led the market with 57.2% revenue share in 2022, owing to increased adoption of reciprocating air compressors in the industry. Fixed reciprocating air compressor is used in oil refineries, gas processing, chemicals and other industries. In addition, this type of compressor is widely used in the oil and gas industry to operate wind turbines for the maintenance of oil extraction, pipelines and other processes. These features are expected to provide market demand during the forecast period.
Global Reciprocating Compressor Market By Application (%)
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Reciprocating Compressor Market Regional Insights
Asia-Pacific region dominated the market with 41.9% revenue share in 2022 and is expected to witness fastest CAGR of 5.0% during the forecast period. The healthcare industry is growing with demand increasing for medical facilities in this region. Accordingly, oil-free compressed air is commonly used in medical devices and pharmaceutical companies, including medical ventilation systems, dental clinics, and laboratories to supply the market demand in the region. Compressors require mandatory use as part of industry standards and regulatory frameworks, especially in chemical companies. These factors are expected to boost market demand during the forecast period.
The North America region is expected to witness a CAGR of 3.0%, the use of air conditioners during the forecast period due to various factors such as environmental concerns, stringent regulations and the need for high air quality in critical industrial applications occurs in industries such as beverages, pharmaceuticals, electronics, automobiles and healthcare, where the quality of compressed air is critical and has ensured product uniformity, product quality and efficiency.
Global Reciprocating Compressor Market By Geography
- Largest
- Fastest
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Reciprocating Compressor Market Dynamics
Reciprocating Compressor Market Drivers
Growing Trend Towards Energy Efficiency and Cost Saving Driving the Reciprocating Compressor Market
- Reciprocating compressors face extensive competition from other blower types such as screw and radial compressors. However, interest in reciprocating compressors will continue to grow due to cost effectiveness and demand resulting from replacement of more spicy compressors. Close to sustained interest in the assembly industry, future priority promoting market development and the development of Chinese oil and materials industries. Oil consumption must increase over time, taking up energy and fuel consumption. The development of accent in energy efficiency is set to support the market growth of compressors with reciprocating in the coming years besides the modern development in China, vehicle development as well as applications as treatment centers, LNG and CNG transport can push reciprocating compressors interest.
Technological Advancements Leading Market to Heights
- Technical connectivity will increase interest in gas-reactive compressors as manufacturers shift their cycles from critical work to new product design. Interest in rotating gas reciprocating compressors will continue throughout China as they are exceptionally economical. The competing oil-free compressor segment is also expected to bring tremendous freedom as end customers strive to keep up with industry changes. The reason for this specification is that the installation of oil-free reciprocating compressors will be available in food and beverage, gadget, pharmaceutical, products and many other industries within the considered timeframe
Reciprocating Compressor Market Restraints
High Cost of Advanced Compressor Technology
- The major restraint in the market is the high cost of advanced basic air conditioning technologies such as oil-free air conditioners, which can restrain small businesses and small enterprises (SMEs). Besides, stringent environmental regulations for air compressors used in certain industries such as oil and gas industry may restrain the market growth. Oil and water blends condensate produced by compressed air is also a challenge, which can be very environmentally damaging.
High Cost of Maintenance
- Profit margins can be driven by fierce manufacturer price competition, especially for conventional compressors. Continuous ventilation can result in high ongoing operating and maintenance costs, especially for large installations.
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Reciprocating Compressor Market Competitive Landscape
The competitive environment of the Global Reciprocating Compressor Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Competitive analysis and profiles of key players in reciprocating compressor market, such as Ariel Corporation, Atlas Copco AB, Burckhard Compression Holding AG, Gardner Denver Holdings, Inc., General Electric, Howden Group Holdings Ltd., IHI Corporation, Mayekawa Mfg Co, Ltd, SIEMENS AG, and Ingersoll Rand, among others are presented in this report. Important market players include Ariel Corporation, Atlas Copco AB and Siemens AG. Key companies have adopted product launches and acquisitions as the primary growth strategies to improve their portfolio in the Reciprocating Compressors market.
Top Players in Reciprocating Compressor Market
- Ariel Corporation (US)
- Atlas Copco AB (Sweden)
- Burckhardt Compression AG (Switzerland)
- Ingersoll Rand (US)
- Baker Hughes (US)
- Howden Group (UK)
- IHI Corporation (Japan)
- Mayekawa Mfg. Co., Ltd. (Japan)
- Siemens Energy (Germany)
- Mitsui E&S Holdings Co., Ltd. (Japan)
- Kaeser Kompressoren (Germany)
- Cameron International Corporation (US)
- Cook Compression (US)
- HOERBIGER Holding AG (Switzerland)
- Neuman & Esser Group (Germany)
- Corken, Inc. (US)
- FS-Curtis (US)
- Atlas Copco Moteurs Thermiques (France)
- HAUG Sauer Kompressoren AG (Switzerland)
- Peter Brotherhood (UK)
Recent Developments
- In September 2023, Atlas Copco announced the 100% oil-free certification of its new ZR/ZT series compressor equipped with rotary screw compressor technology.
- In August 2023, global compressor provider solar introduced modern attributes to its 6000 series compressors. The new functionality is a discreet controller that allows users to monitor and control the compressor remotely.
- In June 2023, Elgie released its LD Series -stage smart, direct-drive reciprocating air compressor with the new Neuron XT Controller. The new controller offers a full range of features including remote tracking and manipulation, power efficiency optimization and fault diagnosis.
Reciprocating Compressor Key Market Trends
- Increasing Focus on Energy Efficiency and Sustainability: One of the long-term trends shaping the global reciprocating compressor market is the increasing focus on energy efficiency and sustainability. As businesses strive to reduce their carbon footprint and comply with stricter environmental regulations, the need for energy-efficient compressor solutions that reduce energy consumption and air an increases greenhouse gas emissions and is investing in R&D to develop new refrigerant refrigerants. This trend is expected to drive adoption of next-generation reciprocating compressors equipped with features such as variable-speed drives, integrated heat recovery systems, and advanced monitoring and optimization capabilities. Moreover, an increased emphasis on sustainability and corporate social responsibility drives companies to offer environmentally friendly compressor technology priority as all part of the technology strategy, which influences purchasing decisions and market dynamics in the long term.
Reciprocating Compressor Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global reciprocating compressor market followed a steady growth due to expanding industrial sector, increasing demand for energy-intensive compression solutions, technological advancements in compressor design and operation. Market size is influenced by factors such as economic development and investment in infrastructure. New trends in compressor technology have resulted in more efficient, reliable, and environmentally friendly compressors. Major companies compete based on factors such as manufacturing, operations, reliability, after-sales service and technological innovation.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.5 billion |
| Market size value in 2032 | USD 8.17 billion |
| Growth Rate | 4.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Reciprocating Compressor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Reciprocating Compressor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Reciprocating 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 Reciprocating 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Reciprocating Compressor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Reciprocating 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.
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