What is Global PET Compressors Market?
The Global PET Compressors Market is a vast and dynamic sector that plays a crucial role in various industries. PET compressors, or Polyethylene Terephthalate compressors, are specialized machines used to compress PET, a type of plastic, into a more compact and manageable form. This process is essential in industries such as packaging, where PET is widely used due to its lightweight, durable, and recyclable properties. The global PET Compressors market is a multi-million dollar industry, with a value of US$ 630 million in 2022. It is projected to grow significantly in the coming years, reaching an estimated value of US$ 932.9 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 5.7% from 2023 to 2029.
Reciprocating Type, Screw Type, Centrifugal Type in the Global PET Compressors Market:
The Global PET Compressors Market is segmented into three main types: Reciprocating Type, Screw Type, and Centrifugal Type. Each type has its unique features and applications. The Reciprocating Type is characterized by its back-and-forth motion, which allows for high-pressure compression. This type is commonly used in industries that require high-pressure operations. The Screw Type, on the other hand, uses two interlocking screws to compress the PET. This type is known for its efficiency and is often used in high-volume operations. Lastly, the Centrifugal Type uses a rotating impeller to compress the PET. This type is known for its high speed and is typically used in industries that require fast operations. The market share for these types varies, with Ingersoll Rand leading the industry with a 10% market share, followed by AF Compressors, Gardner Denver, Atlas Copco, Kaeser, ABC Compressors, SIAD Macchine Impianti, Neuman & Esser, LMF, KAJl, Hertz, Applied Compression Systems, Kaishan, Shanghai Guosha Compressor, and Shanghai Rotorcomp.
Food and Beverage, Pharmaceutical, Personal Care, Others in the Global PET Compressors Market:
The Global PET Compressors Market finds its application in various sectors such as Food and Beverage, Pharmaceutical, Personal Care, and others. In the Food and Beverage industry, PET compressors are used in the packaging of various products, from bottled drinks to packaged foods. The Pharmaceutical industry also utilizes PET compressors in the packaging of medicines and other pharmaceutical products. In the Personal Care industry, PET compressors are used in the packaging of cosmetics, toiletries, and other personal care products. Other industries that use PET compressors include the automotive, electronics, and construction industries. Each industry has its unique requirements and uses for PET compressors, contributing to the diversity and dynamism of the Global PET Compressors Market.
Global PET Compressors Market Outlook:
The Global PET Compressors Market outlook is promising, with a projected growth rate of 5.7% from 2023 to 2029. The market was valued at US$ 630 million in 2022 and is expected to reach US$ 932.9 million by 2029. This growth is driven by the increasing demand for PET compressors in various industries, from Food and Beverage to Personal Care. The market is dominated by several key players, with Ingersoll Rand leading the pack with a 10% market share. Other significant players include AF Compressors, Gardner Denver, Atlas Copco, Kaeser, ABC Compressors, SIAD Macchine Impianti, Neuman & Esser, LMF, KAJl, Hertz, Applied Compression Systems, Kaishan, Shanghai Guosha Compressor, and Shanghai Rotorcomp. These companies contribute significantly to the market's growth and development, providing innovative and efficient PET compressor solutions to meet the diverse needs of various industries.
| Report Metric | Details |
| Report Name | PET Compressors Market |
| Accounted market size in 2022 | US$ 630 in million |
| Forecasted market size in 2029 | US$ 932.9 million |
| CAGR | 5.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Ingersoll Rand, AF Compressors, Gardner Denver, Atlas Copco, Kaeser, ABC Compressors, SIAD Macchine Impianti, Neuman & Esser, LMF, KAJl, Hertz, Applied Compression Systems, Kaishan, Shanghai Guosha Compressor, Shanghai Rotorcomp |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
