U.S. Reciprocating Compressors Market Analysis

U.S. Reciprocating Compressors Industry Analysis

Type Insights

• The double-acting category will dominate the market by contributing 40% revenue in 2024.
• These variants are employed in petrochemical, oil and gas, and industrial applications, where high compression ratios and higher compression capacities are needed.
• The diaphragm category is expected to witness a CAGR of 5.0% in 2024−2030 because of the growing popularity of these alternatives in industries such as pharmaceutical, food and beverage, and semiconductor manufacturing.
• This category is appropriate for any application due to its tight sealing, unique design, and ability to withstand high air pressure while providing energy savings.

The types covered in the report include:

• In-Line
• V-Shaped
• Tandem Piston
• Single-Acting
• Double-Acting (Largest Category)
• Diaphragm (Fastest-Growing Category)

Lubrication Insights

• The oil-flooded category will dominate the market by contributing 65% revenue in 2024 due to the widespread use of these devices in industries such as oil and gas, petrochemicals, and general manufacturing, particularly in those places where high compression ratios and durability are required.
• Additionally, they are cost-effective and easy to maintain, which makes them a favorable choice for various industrial applications where oil contamination in compressed air or gas is not a major concern.
• The oil-free category is expected to witness higher CAGR in 2024−2030 due to the rising demand for clean, oil-free compressed air or gas in industries such as food and beverage, pharmaceutical, electronics, and semiconductor manufacturing.
• Additionally, the environmental regulations and concerns over product contamination help this category grow.

The lubrications covered in the report are:

• Oil-Free (Faster-Growing Category)
• Oil-Flooded (Larger Category)

Portability Insights

• The stationary category will dominate the market in 2024.
• This is due to the growing use of these compressors in several industrial settings, such as oil and gas facilities, refineries, chemical plants, and manufacturing facilities, particularly in areas where they are required to be installed as part of a fixed infrastructure.
• The portable category is expected to witness a CAGR of 4.9% in 2024−2030 due to the growing need for mobile compressed air solutions in various industries, such as construction, mining, and several temporary applications.

The portability segment is categorized as below:

• Portable (Faster-Growing Category)
• Stationary (Larger Category)

Pressure Insights

• The medium category will dominate the market in 2024.
• Medium-pressure compressors are widely used in industries such as oil and gas, automotive, aerospace, energy utilities, and industrial manufacturing for natural gas compression and gas gathering.
• The high category is expected to witness highest CAGR in 2024−2030 due to the ongoing exploration and production of shale gas in the U.S.
• Additionally, the need for the high category to manage the potential rise in compression requirements helps it to expand.

The pressures covered in the report include:

• Ultra-Low
• Low
• Medium (Largest Category)
• High (Fastest-Growing Category)
• Hyper

Applications Insights

• The oil & gas category will dominate the market in 2024 because reciprocating compressors are widely used in natural gas compression, gas gathering, and gas lift applications.
• In 2023, the U.S. produced approximately 12.9 million barrels of crude oil per day.
• This category is also dominant due to the increasing exploration and production of shale gas and other unconventional resources in the country.
• Industrial manufacturing is expected to witness a CAGR of 5.4% in 2024−2030 because it is widely used in various manufacturing processes, such as pneumatic systems, material handling, and general industrial applications.
• The manufacturing sector contributed approximately USD 2.3 trillion to the U.S. GDP in 2022.

The applications included in the report:

• Construction
• Power
• Industrial Manufacturing (Fastest-Growing Category)
• Refrigeration (HVAC-R)
• Chemical and Cement
• Automotive
• Oil and Gas (Largest Category)
• Food and Beverage
• Textile
• Others