What is Global Piston Compressor Market?
The Global Piston Compressor Market is a vast and dynamic sector that plays a crucial role in various industries worldwide. A piston compressor, also known as a reciprocating compressor, uses pistons driven by a crankshaft to deliver gases at high pressure. The global market for these compressors is substantial and continues to grow steadily. In 2022, the market was valued at a whopping US$ 6910 million. The forecast for the coming years is also promising, with an expected growth to US$ 8519.5 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 3.0% from 2023 to 2029.
Vertical, Horizontal, Others in the Global Piston Compressor Market:
The Global Piston Compressor Market is segmented into various types based on their orientation - Vertical, Horizontal, and Others. The Horizontal type of piston compressors holds the lion's share in the market, accounting for about 60% of the total market. These compressors are preferred for their efficiency and versatility in various applications. On the other hand, vertical piston compressors, although less common, are valued for their compact design and lower footprint. The 'Others' category includes unique and specialized types of piston compressors designed for specific applications or industries.
Oil & Gas, Chemical, PET Industry, General Industry, Others in the Global Piston Compressor Market:
The usage of piston compressors is widespread and spans across various industries such as Oil & Gas, Chemical, PET Industry, General Industry, among others. The Oil & Gas industry is the primary consumer of these compressors, holding about 30% of the total market share. These compressors are used in various stages of oil and gas operations, from extraction to refining to distribution. In the Chemical industry, piston compressors are used to compress and transport various gases used in chemical reactions. The PET industry uses these compressors in the production and bottling processes. In general industries, piston compressors find applications in areas like air conditioning, refrigeration, and power tools.
Global Piston Compressor Market Outlook:
To put it in simpler terms, the Global Piston Compressor Market is a thriving sector with a value of US$ 6910 million in 2022. It is projected to grow at a steady pace, reaching a value of US$ 8519.5 million by 2029. This growth trajectory translates to a CAGR of 3.0% during the period of 2023-2029. The market is dominated by three major players who collectively hold about 40% of the global shares. The most common type of piston compressor is the horizontal variant, which accounts for approximately 60% of the market. The primary application of these compressors is in the Oil & Gas industry, which utilizes about 30% of the total production.
| Report Metric | Details |
| Report Name | Piston Compressor Market |
| Accounted market size in 2022 | US$ 6910 million |
| Forecasted market size in 2029 | US$ 8519.5 million |
| CAGR | 3.0% |
| 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 | Ariel, Siemens, GE, Atlas Copco, Burckhardt Compression, Howden, Ingersoll Rand, Hitachi, Kobelco, Shenyang Yuanda, Neuman & Esser, Gardner Denver, Shenyang Blower, Sundyne, Atelier Francois, ABC COMPRESSORS, KAESER, Mayekawa, Corken, Fusheng |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
