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Reciprocating Compressor Market Expected to Reach $7.2 Billion by 2032 - AMR
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Two common types of reciprocating compressors are single-acting and double-acting. Single-acting compressors typically have vertically arranged compressor cylinders, whereas double-acting compressors feature horizontally arranged compression cylinders. Primarily employed in the refrigeration cycle, reciprocating compressors find extensive use in oil refineries, gas pipelines, natural gas processing plants, chemical plants, and other industrial applications.
The burgeoning demand for reciprocating compressors across diverse industry verticals such as oil and gas, power generation, and chemical plants is anticipated to propel market growth. These compressors offer several advantages, including flexibility, high-pressure generation, efficiency, and suitability for intermittent cycling, driving their demand. Moreover, factors like the need for energy-efficient products, expanding application areas, adoption of IoT and Industry 4.0 technologies, and the growing market for compressed air further augment market expansion.
The market segmentation includes types such as single acting, double acting, and diaphragm, while stages are categorized as single stage and multi-stage. End-users span oil and gas, pharmaceutical, chemical plants, refrigeration plants, food, manufacturing, automotive, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Key players in the global reciprocating compressor market, including Ariel Corporation, Atlas Copco AB, and Ingersoll Rand, among others, are implementing strategies such as product launches and developments to enhance their market presence and competitiveness.
Competition Analysis
Prominent companies profiled in the reciprocating compressor market report include Ariel Corporation, Atlas Copco AB, Burckhardt Compression Holding AG, Gardner Denver Holdings, Inc., General Electric, Howden Group Holdings Limited, IHI Corporation, Mayekawa Mfg. Co., Ltd., SIEMENS AG, and Ingersoll Rand.
Key Benefits for Stakeholders
The report offers an extensive analysis of current and emerging trends in the global reciprocating compressor market.
In-depth analysis is conducted by estimating market segments between 2022 and 2032.
Market analysis is augmented by monitoring top competitors and product positioning.
The report provides a comprehensive regional analysis to identify prevailing opportunities.
Revenue and volume forecasts for the global reciprocating compressor market from 2023 to 2032 are included.
Key players in the market are profiled, and their strategies are thoroughly analyzed to understand the competitive landscape.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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