Reciprocating Air Compressor Market - By Product (Portable, Stationary), By Technology (Single-acting, Double-acting), By Lubrication (Oil Free, Oil Filled), By Application & Forecast, 2021-2027

Reciprocating Air Compressor Market - By Product (Portable, Stationary), By Technology (Single-acting, Double-acting), By Lubrication (Oil Free, Oil Filled), By Application & Forecast, 2021-2027

Reciprocating Air Compressor Market Size

Reciprocating Air Compressor Market size exceeded USD 33,457.6 million in 2020 and is expected to grow at 3.8% CAGR from 2021 to 2027. The growing manufacturing activities around the world will benefit the industry growth.

This type of compressors are best suitable for compressing less amount of air to high pressures and then rapidly releasing heat from the compression. These are built for long-term industry service with reduced overhaul intervals and minimum maintenance costs.

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Industry factors that are driving the market demand are increasing exploration and production-related activities in the oil & gas industry along with rapid development of the manufacturing sector. Moreover, the increasing exploration of crude oil in Middle Eastern countries will further have a positive impact on the reciprocating air compressor market.

Moreover, the semiconductors industry is going through a rapid transition as more and more home appliances are now ingrained with semiconductors to increase their application. Semiconductor industry not only caters to the electronic industry but also to various other end-users, such as automotive, consumer industry, defense, etc., is growing at a significant growth, which will propel compressors demand.

Strict regulations regarding the use of reciprocating air compressors are negatively impacting the market outlook. Noise pollution from the product as well as fear of oil leakage may hinder revenue generation. With greater focus on sustainable development and environment-friendly technologies, there is a greater push toward developing products that can fit this criteria.
 

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Reciprocating Air Compressor Market Analysis

The stationary air compressor market is poised to account for more than 75% revenue share by 2027. Stationary reciprocating air compressors are the ones that are used in air conditioners, refrigerators, automotive and are also used in industries for manufacturing facilities, workshops, warehouses, etc. The growing demand for air conditioners and refrigerators owing to rising middle class and increasing per capita income is likely to boost the industry expansion.

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In 2020, the single-acting reciprocating air compressor market generated around USD 14.5 billion as these are majorly utilized in many household appliances. For many independent craftsperson, single acting compressors will power many handheld pneumatic equipment that does not exceed more than 100 psi. Single acting type help in making products faster, more efficient, and better. The rising demand for household appliances is anticipated to drive the product demand.

The oil-free reciprocating air compressor industry is set to witness above 4.4% CAGR through 2027. The rapidly evolving healthcare sector will have a positive impact on oil-free reciprocating air compressors led by the greater need for clean and uncontaminated air requirements. The air discharged from the compressors should not contain any contaminant or foreign particles, which is critical for many operations in healthcare-related sectors. Oil-free types offer several industries to perform more cost-efficient activities, and this type of compressors are also utilized in home appliance, electronic, and food & beverage industries.
 

The food & beverage application is predicted to cross about USD 300 million by 2027. The food & beverage industry requires contaminant-free and consistent supply of compressed air to run operations smoothly. These are utilized in the food & beverage industry for palletizing and packing food products. They are used in food & beverage filling equipment and for cooling and freezing products. They are also used widely in cold storage systems for uninterrupted supply of cold air. Robust growth in the food & beverage industry impelled by growing population and growing per capita income is expected to have a positive impact on the market revenue.

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Asia Pacific captured over 30% of the reciprocating air compressor market revenue share in 2020. Rapidly emerging economies of China, India, and Malaysia are boosting the regional market statistics. The presence of major manufacturing units in APAC mainly in China and India is estimated to augment industry growth.

Reciprocating Air Compressor Market Share

The reciprocating air compressor industry is fragmented due to the presence of various manufacturers globally. The growing healthcare sector and increasing manufacturing units are compelling industry participants toward the production of more sustainable and energy-efficient products. Several governments are focused on building tools that are environment friendly and support such products.

Some of the reciprocating air compressor market players include

• Atlas Copco
• Emersion Climate Technologies
• Gardner Denver
• Kaeser Kompressoren
• Elgi Compressors USA Inc
• Guru Enterprises
• Quincy Compressor
• Vanair
• Frank Technologies
• Sullair LLC
• Hertz
• Ingersoll-Rand
• Gardner Denver

This market research report on reciprocating air compressor includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units & revenue in USD million from 2017 to 2027 for the following segments

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Market, By Product

• Portable
• Stationary

Market, By Technology

• Single acting
• Double acting
• Others

 Market, By Lubrication

• Oil free
• Oil filled

Market, By Application

• Home appliances
• Food & beverage
• Oil & gas
• Energy
• Semiconductor & electronics
• Manufacturing
• Healthcare
• Others

The above information is provided on a regional and country basis for the following

• North America
  • U.S.
  • Canada

•  Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait