Published by TMR Research Insights
Posted on October 7, 2021
According to a new market report pertaining to the global reciprocating compressor market published by Transparency Market Research, the global reciprocating compressor market is anticipated to reach ~US$ 6.2 Bn by 2027. The reciprocating compressor market is projected to expand at a CAGR of 3.5% from 2019 to 2027 in terms of sale. Growth of the reciprocating compressor market can be attributed to increasing adoption of oil free reciprocating compressors and energy efficient reciprocating compressors globally. Over the forecast period, Asia Pacific is projected to emerge as the leading reciprocating compressor market, followed by North America.
Rise in Adoption of Reciprocating Compressors in Iron and Steel Production Processes to Drive Global Market
The steel industry has witnessed significant increase in production capacity over the last decade, due to a rise in demand for steel from developing countries across the globe. In the iron and steel industry, reciprocating compressors are utilized to deliver gases, such as oxygen and hydrogen, at high pressure. In the iron & steel industry, a large amount of oxygen is required for blast furnace operations or for electric arc furnaces. Hydrogen is also important in steel manufacturing, as it is used in surface processing. Therefore, demand for reciprocating compressors is expected to increase during the forecast period in order to cater to the demand for gases in the iron & steel industry.
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Reciprocating Compressor: Market Segmentation
The global reciprocating compressor market has been segmented in terms of component, industry, and region. Based on component, the reciprocating compressor market has been classified into product and services. The product segment dominated the global reciprocating compressor market in 2018. The product segment has been sub-classified into compressors, and parts & accessories. The compressor segment has been further sub-categorized into industrial process gas reciprocating compressors, labyrinth piston compressors, liquefied natural gas (LNG) reciprocating compressors, oil-free reciprocating compressors, and hyper compressors. The services segment has been sub-divided into repair & maintenance services, installation & configuration services, training services, and optimization services. Based on industry, the reciprocating compressor market has been categorized into oil & gas, chemical, petrochemical, pharmaceutical, food & beverages, power generation, metal processing, and others. The oil & gas segment has been sub-classified into oil refineries, gas pipelines, gas processing plants, and cryogenic & other low-temperature gases. Other industry segment covered in the scope of study includes textiles, painting, dry cleaning, woodworking, agriculture/farm, automotive, mining, pulp & paper, plastic bottles & glass, etc.
Reciprocating Compressor Market: Regional Outlook
In terms of region, the global reciprocating compressor market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the reciprocating compressor market during the forecast period. Asia Pacific led the global reciprocating compressor market due to the growing gas pipeline network in the region, accounting for a substantial share in 2019, with China, India, and Japan being the major markets in the region. The reciprocating compressor market in Middle East & Africa, Europe, and South America is also projected to increase moderately over the forecast period.
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https://www.transparencymarketresearch.com/checkout.php?rep_id=75771<ype=S
The report provides in-depth segment analysis of the global reciprocating compressor market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which hold growth opportunities or account for significant share has also been included as part of geographic analysis for the reciprocating compressor market.
Reciprocating Compressor Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global reciprocating compressor market. Key players profiled in the report include Atlas Copco, Hitachi Limited, Burckhardt Compression AG, Siemens AG, GE Company, Kobe Steel, Ltd., IHI Corporation, Ltd., Mitsui E&S Holdings Co., Ltd., The Japan Steel Works, LTD., Kaeser Kompressoren Co., Ltd., Mayekawa Mfg. Co., LTD, Mikuni Kikai Kogyo Co., LTD., Gardner Denver Holdings Inc., Howden Group Ltd., and Ariel Corporation.
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About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
According to a new market report pertaining to the global reciprocating compressor market published by Transparency Market Research, the global reciprocating compressor market is anticipated to reach ~US$ 6.2 Bn by 2027. The reciprocating compressor market is projected to expand at a CAGR of 3.5% from 2019 to 2027 in terms of sale. Growth of the reciprocating compressor market can be attributed to increasing adoption of oil free reciprocating compressors and energy efficient reciprocating compressors globally. Over the forecast period, Asia Pacific is projected to emerge as the leading reciprocating compressor market, followed by North America.
Rise in Adoption of Reciprocating Compressors in Iron and Steel Production Processes to Drive Global Market
The steel industry has witnessed significant increase in production capacity over the last decade, due to a rise in demand for steel from developing countries across the globe. In the iron and steel industry, reciprocating compressors are utilized to deliver gases, such as oxygen and hydrogen, at high pressure. In the iron & steel industry, a large amount of oxygen is required for blast furnace operations or for electric arc furnaces. Hydrogen is also important in steel manufacturing, as it is used in surface processing. Therefore, demand for reciprocating compressors is expected to increase during the forecast period in order to cater to the demand for gases in the iron & steel industry.
Request a Sample –
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=75771
Reciprocating Compressor: Market Segmentation
The global reciprocating compressor market has been segmented in terms of component, industry, and region. Based on component, the reciprocating compressor market has been classified into product and services. The product segment dominated the global reciprocating compressor market in 2018. The product segment has been sub-classified into compressors, and parts & accessories. The compressor segment has been further sub-categorized into industrial process gas reciprocating compressors, labyrinth piston compressors, liquefied natural gas (LNG) reciprocating compressors, oil-free reciprocating compressors, and hyper compressors. The services segment has been sub-divided into repair & maintenance services, installation & configuration services, training services, and optimization services. Based on industry, the reciprocating compressor market has been categorized into oil & gas, chemical, petrochemical, pharmaceutical, food & beverages, power generation, metal processing, and others. The oil & gas segment has been sub-classified into oil refineries, gas pipelines, gas processing plants, and cryogenic & other low-temperature gases. Other industry segment covered in the scope of study includes textiles, painting, dry cleaning, woodworking, agriculture/farm, automotive, mining, pulp & paper, plastic bottles & glass, etc.
Reciprocating Compressor Market: Regional Outlook
In terms of region, the global reciprocating compressor market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the reciprocating compressor market during the forecast period. Asia Pacific led the global reciprocating compressor market due to the growing gas pipeline network in the region, accounting for a substantial share in 2019, with China, India, and Japan being the major markets in the region. The reciprocating compressor market in Middle East & Africa, Europe, and South America is also projected to increase moderately over the forecast period.
Buy Our Premium Research Report –
https://www.transparencymarketresearch.com/checkout.php?rep_id=75771<ype=S
The report provides in-depth segment analysis of the global reciprocating compressor market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which hold growth opportunities or account for significant share has also been included as part of geographic analysis for the reciprocating compressor market.
Reciprocating Compressor Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global reciprocating compressor market. Key players profiled in the report include Atlas Copco, Hitachi Limited, Burckhardt Compression AG, Siemens AG, GE Company, Kobe Steel, Ltd., IHI Corporation, Ltd., Mitsui E&S Holdings Co., Ltd., The Japan Steel Works, LTD., Kaeser Kompressoren Co., Ltd., Mayekawa Mfg. Co., LTD, Mikuni Kikai Kogyo Co., LTD., Gardner Denver Holdings Inc., Howden Group Ltd., and Ariel Corporation.
Read Our Latest News Publication –
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
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