Global Reciprocating Compressor Market
Reciprocating Compressor Market size was valued at USD 10.1 billion in 2024 and is anticipated to garner a valuation of USD 20.1 billion by the end of 2037, rising at a CAGR of 5.4% during the forecast period, i.e., 2025-2037. In 2025, the industry size of reciprocating compressor is evaluated at USD 10.6 billion.
The global reciprocating compressor market is anticipated to record notable growth due to expanding applications across manufacturing industries, oil and gas, and refrigeration, among other sectors. Key players are improving the technologies to meet high performance and growing demands for energy efficiency. For example, in June 2023, Elgie introduced the LD Series direct-drive reciprocating air compressor with an integrated Neuron XT Controller, providing remote monitoring and fault diagnosis for operational efficiency at maximum. Also, many governments of different countries are encouraging industrial automation and infrastructure projects, which in turn increases the demand for high-capacity, robust reciprocating compressors in various industries.
The reciprocating compressor market finds further impetus from rising environmental concerns and the adoption of eco-friendly technologies, along with energy efficiency-related regulations. The manufacturers are working to develop low-emission, durable compressors. In May 2024, SIAD Group presented a 550-bar oil-free hydrogen compressor targeted at refueling and transportation industries for hydrogen. Such advancements reflect the industry's alignment with global sustainability goals and the rising focus on clean energy applications, paving the way for future growth.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.4% |
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Base Year Market Size (2024) |
USD 10.1 billion |
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Forecast Year Market Size (2037) |
USD 20.1 billion |
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Regional Scope |
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Type (Single-Acting Reciprocating Compressor, Double-Acting Reciprocating Compressor, Diaphragm-Type Reciprocating Compressor)
The diaphragm-type reciprocating compressor segment is anticipated to account for reciprocating compressor market share of more than 34.2% by the end of 2037. The compressors see wide applications in industries requiring oil-free and contamination-free solutions, such as pharmaceuticals and food processing. In May 2024, SIAD Macchine Impianti launched a 550-bar, oil-free, high-pressure hydrogen compressor for the transport and hydrogen refueling station industry. This development highlights the increasing inroads that diaphragm technology is making into sustainable and sensitive applications.
Lubrication (Oil Free, Oil-filled)
In reciprocating compressor market, oil-free segment is set to account for revenue share of more than 59.4% by the end of 2037, driven by increasing demand for clean and energy-efficient solutions. In April 2024, Copeland began producing single-screw compressors with Vilter-brand industrial CO₂ compressor units, targeted for transcritical as well as subcritical purposes. These units provide a large-capacity solution and contribute significantly to simplifying industrial refrigeration at a reduced component count. This development illustrates how oil-free technology contributes to environmental and operating demands compliance in the industry.
Our in-depth analysis of the global reciprocating compressor market includes the following segments:
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Type |
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Product Configuration |
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Lubrication |
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Number of Stages |
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Portability |
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Pressure |
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Volume |
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End user |
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Asia Pacific Excluding Japan Market Analysis
APEJ reciprocating compressor market is expected to account for revenue share of more than 42.7% by the end of 2037. The market growth is propelled by the industrial boom due to rapid growth in the manufacturing and energy sectors. Increasing urbanization and higher infrastructural investments across countries such as India and China add to the rising demand. For instance, newly emerging initiatives toward green technology adoption and sustainable practices are raising the demand for compressors in the food processing and energy sectors.
The demand for reciprocating compressors in India is driven by the growth of the manufacturing industry, further aided by government initiatives such as 'Make in India.' Moreover, the country's emphasis on renewable energy and clean energy solutions opens up opportunities for high-performance compressors. Coupled with this, the increasing rate of industrial automation and the adoption of high technologies are boosting the demand for more effective compression systems in India. Further, the rising focus of the industries on energy consumption has been driving innovations in compressor designs. All these factors together create a favorable background for the reciprocating compressor market to see steady growth in the years to come.
The large industrial base, along with emerging green technologies in China, continues to present a vital for reciprocating compressor market. Consequently, government investments in infrastructure modernization and the promotion of energy-efficient systems further accelerate the trend. In addition, compressors have reached a critical position that helps to drive industrial growth in the country due to growing adoption in various sectors. In May 2023, Embraco introduced variable-speed compressors based on propane (R290) targeted for the food service and retail sectors. Local production of fixed-speed compressors has further eased supply chain bottlenecks and substantially enhanced the country's capacity to meet both domestic and export demand.
North America Market Analysis
North America reciprocating compressor market is expected to grow at CAGR of more than 5.6% through 2037, driven by higher advancements in oil and gas exploration and industrial automation. This reflects the modernization of industrial equipment in the region, which is mainly focused on increasing productivity while being sustainable. This would involve investments in energy-efficient technologies, wherein leading manufacturers are introducing innovations, such as those offered by ELGi in portable air compressors. Governmental initiatives toward clean energy and automation also back the strong industrial base of the region.
The U.S. leads the North America reciprocating compressor market due to massive investment in the industry of industrial automation and exploration of oil and gas. The country's push toward advanced manufacturing techniques and sustainable energy solutions is further raising demand for high-performance compressors. In March 2023, ELGi North America introduced the GP35FP and D185T4F portable compressors, addressed operational reliability with energy efficiency. Moreover, high growth in industries such as pharmaceuticals and food processing is also anticipated to contribute to the adoption of these systems across diverse applications.
The reciprocating compressor market in Canada is influenced by the country's emphasis on sustainable practices and clean energy. The strong oil and gas industry of the country also sustains a high demand for high-performance compressors. Additionally, development in infrastructure projects and the drive toward green technologies raise demand for energy-efficient compressor systems. The emerging investments in renewable projects, such as wind and solar, are opening more avenues for compressor technologies. Increased emphasis by Canada on the reduction of carbon emissions and attainment of environmental standards accelerates the movement toward modernized systems.
The nature of competition in the reciprocating compressor market is high among major players such as Atlas Copco AB, Ingersoll Rand, KAESER KOMPRESSOREN, Burckhardt Compression AG, and Ariel Corporation. Companies are focusing on the development of energy-efficient and smart compressor systems to meet changing industrial requirements. Their strategies include the expansion of product portfolios and enhancing global reciprocating compressor market presence.
In March 2023, Arneg introduced a CO₂-based refrigeration rack utilizing Emerson's Copeland scroll compressors, marking its first use of scroll technology for CO₂ systems. It aims to further improve the efficiency and reduce the footprint of the system in commercial refrigeration applications. These competitive moves have been indicative of the industry's focus on sustainability and imperatives for technological leadership in the global reciprocating compressor market.
Here are some leading companies in the reciprocating compressor market:
Author Credits: Richa Gupta
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