Reciprocating Compressors Market is segmented By Type (Single-Acting Reciprocating Compressors, Double-Acting Reciprocating Compressors, Diaphragm Com....
Market Size in USD
CAGR4.53%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 4.53% |
Market Concentration | Medium |
Major Players | Ariel Corporation, Atlas Copco, Burckhardt Compression AG, Gardner Denver Holdings Inc., Siemens AG |
The reciprocating compressors market is estimated to be valued at US$ 5.72 billion in 2024 and is expected to reach US$ 7.8 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.53% from 2024 to 2031. Reciprocating compressors market is growing as the compressors continue to be deployed across industries such as oil & gas, refining, chemicals & petrochemicals, etc.