U.S. Reciprocating Compressors Market Future Prospects
The U.S. reciprocating compressors market will generate an estimated revenue of USD 5,621.3 million in 2024 and witness a CAGR of 4.7% during 2024–2030, reaching USD 7,388.9 million by 2030.
Reciprocating compressors are widely utilized in several industries to compress gas by employing pistons and distribute it to all the proper locations.
The demand for compressed air and gases is driving the market for reciprocating compressors as the U.S. industrial landscape is growing. In this regard, the oil & gas, automotive, construction, general manufacturing, HVAC, and power generation sectors are the most significant.
Additionally, businesses are concentrating on increasing the energy efficiency of these compressors, changing the design to accommodate natural gas, designing them in compliance with environmental standards, to minimize emissions, and providing customers with standardized and modular variants.