Reciprocating Air Compressor Market Size

Reciprocating Air Compressor Market Size

Reciprocating Air Compressor Market size exceeded USD 33,457.6 million in 2020 and is expected to grow at 3.8% CAGR from 2021 to 2027. The growing manufacturing activities around the world will benefit the industry growth.

This type of compressors are best suitable for compressing less amount of air to high pressures and then rapidly releasing heat from the compression. These are built for long-term industry service with reduced overhaul intervals and minimum maintenance costs.

Industry factors that are driving the market demand are increasing exploration and production-related activities in the oil & gas industry along with rapid development of the manufacturing sector. Moreover, the increasing exploration of crude oil in Middle Eastern countries will further have a positive impact on the reciprocating air compressor market.
 

Moreover, the semiconductors industry is going through a rapid transition as more and more home appliances are now ingrained with semiconductors to increase their application. Semiconductor industry not only caters to the electronic industry but also to various other end-users, such as automotive, consumer industry, defense, etc., is growing at a significant growth, which will propel compressors demand.
 

Strict regulations regarding the use of reciprocating air compressors are negatively impacting the market outlook. Noise pollution from the product as well as fear of oil leakage may hinder revenue generation. With greater focus on sustainable development and environment-friendly technologies, there is a greater push toward developing products that can fit this criteria.