Reciprocating Air Compressor Market Analysis

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.

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.
 

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.