USD 5.1 billion
Piston Compressor Market Size, Share, Growth Analysis, By Type(Air-cooled and water-cooled compressors), By End-User(Oil and gas, manufacturing, power, chemicals and petrochemicals), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2067 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Piston Compressor Market Insights
Piston Compressor Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 4.9% during the forecast period (2025-2032).
The global piston compressor market is a highly competitive industry that has been growing steadily over the past few years. These are widely used in various industrial applications such as manufacturing, automotive, and construction. As these industries continue to grow and expand, the demand for piston compressors is expected to increase. The increasing demand for compressed air in these industries, coupled with the need for reliable and efficient equipment, is driving the growth of the market. The market has seen significant technological advancements in recent years, including the development of oil-free and variable-speed compressors. These advancements have improved the efficiency and reliability of piston compressors, making them more attractive to customers. Additionally, the introduction of smart technologies such as IoT sensors and data analytics is allowing companies to monitor and optimize compressor performance, further improving efficiency and reducing maintenance costs. The global market is highly competitive, with several key players competing for market share. These companies are investing heavily in R&D to develop more efficient and reliable compressor technologies and are also expanding their product portfolios through acquisitions and partnerships to stay ahead of the competition.
US Piston Compressor Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Air-cooled compressors
Fastest Growth
Air-cooled compressors
Growth Rate
4.9% CAGR
Global Piston Compressor Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Piston Compressor Market Segmental Analysis
Global Piston Compressor Market is segmented on the basis of type, end-user and region. By type, the market is segmented into air-cooled and water-cooled compressors. By end-user, Piston Compressor Market is segmented into oil and gas, manufacturing, power, chemicals and petrochemicals, mining and construction, and others. By region, the Piston Compressor Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Piston Compressor Market Analysis by Type
Air-cooled piston compressors segment dominated the global market. These are the most common type of piston compressor and are widely used in various applications such as the automotive, manufacturing, and construction industries. These compressors use air as a coolant to dissipate heat generated during compression. The air-cooled piston compressor has several advantages such as simple design, low maintenance, and low cost of operation. Air-cooled compressors are typically smaller in size and more compact than water-cooled compressors, making them suitable for applications where space is limited. Additionally, air-cooled compressors are easier to install and require fewer infrastructures, making them ideal for small-scale applications.
Water-cooled piston compressors segment is the fastest growing segment. These are another type of piston compressor that uses water as a coolant to dissipate heat generated during compression. These compressors are typically used in high-temperature applications and in industrial processes that require large volumes of compressed air. Water-cooled compressors have several advantages such as higher efficiency, longer service life, and lower operating temperatures compared to air-cooled compressors. However, they require a continuous supply of water for cooling, which can increase the cost of operation and infrastructure requirements. Water-cooled compressors are typically larger in size and require more space than air-cooled compressors, making them suitable for large-scale applications.
Piston Compressor Market Analysis by End-User
The largest segment of the global piston compressor market by end-use industry is the manufacturing industry. The manufacturing industry is a major consumer of compressed air, using it for various applications such as pneumatic tools, spray painting, and packaging. This segment is expected to continue to grow steadily due to the increasing demand for compressed air in various manufacturing processes.
The fastest-growing segment of the global piston compressor market by end-use industry is the mining and construction industry. The demand for piston compressors in this industry is being driven by the increasing demand for mining and construction activities, particularly in emerging economies. The mining and construction industry requires high-pressure compressed air for various applications such as drilling, rock breaking, and material handling, which is driving the growth of the piston compressor market in this segment.
Global Piston Compressor Market Size By Type 2022(%)
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Piston Compressor Market Regional Insights
The dominating region of the Global Piston Compressor Market is Asia Pacific, with China, India, and Japan being the major contributors to the market growth in the region. The Asia Pacific region is expected to maintain its dominance in the coming years, driven by the increasing industrialization and rising demand for manufactured goods in the region. China is the largest market for piston compressors in the Asia Pacific region, accounting for a significant share of the global market. The growth in the country is driven by the increasing demand from the manufacturing sector and expanding oil and gas industry. Additionally, the country is witnessing significant investments in renewable energy, which is expected to boost the demand for piston compressors in the coming years. India is another significant market for piston compressors in the Asia Pacific region. The growth in the country is driven by the increasing demand from the manufacturing sector, expanding oil and gas industry, and growing investments in renewable energy. Moreover, the government's initiatives, such as "Make in India" and "Smart Cities Mission," are further boosting the growth of the manufacturing sector in the country, which is expected to drive the demand for piston compressors. Japan is a mature market for piston compressors, with the presence of a developed manufacturing sector and a mature oil and gas industry. The growth in the country is driven by the increasing demand from the automotive and electronics industries and expanding oil and gas industry. Moreover, the country is witnessing significant investments in renewable energy, which is expected to drive the demand for piston compressors in the coming years. South Korea is another significant market in the Asia Pacific region. The growth in the country is driven by the increasing demand from the electronics and automotive industries and expanding oil and gas industry. The government's initiatives, such as the "New Southern Policy," are further boosting the growth of the manufacturing sector in the country, which is expected to drive the demand for piston compressors.
The fastest growing region in the Global Piston Compressor Market is the Middle East and Africa (MEA) region. The MEA region is witnessing significant growth in the market, driven by the expanding oil and gas industry in the region, particularly in countries such as Saudi Arabia, the UAE, and Qatar. Saudi Arabia is the largest market in the Middle East and Africa region, driven by the expanding oil and gas industry in the country. The increasing exploration activities in offshore oil and gas fields and shale gas reserves are boosting the demand for piston compressors in the country. UAE is another significant market for piston compressors in the Middle East and Africa region, driven by the expanding oil and gas industry in the country. The government's initiatives, such as "Vision 2030," are aimed at reducing the country's dependence on oil exports and diversifying the economy, which is expected to drive the demand for piston compressors in the coming years. Qatar is witnessing significant growth in the market for piston compressors, driven by the expanding oil and gas industry in the country. The government's initiatives, such as the National Vision 2030, are aimed at diversifying the economy and developing the non-oil sector, which is expected to drive the demand for piston compressors. South Africa is the largest market for piston compressors in Africa, driven by the increasing demand from the manufacturing sector and expanding mining industry. Additionally, the growing investments in renewable energy, such as solar and wind energy are further boosting the demand for piston compressors in the country.
Global Piston Compressor Market Size By Geography, 2022-2030
- Largest
- Fastest
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Piston Compressor Market Dynamics
Piston Compressor Market Drivers
Growth in the Manufacturing Sector
- The manufacturing sector is a significant driver of the global piston compressor market. The increasing demand for manufactured goods across various end-use industries, such as automotive, aerospace, and electronics, is driving the growth of the manufacturing sector. Piston compressors are widely used in the manufacturing sector for various applications, such as powering pneumatic tools, paint spraying, and air-operated machinery. Moreover, the growth of the manufacturing sector is expected to continue in the coming years, especially in developing economies, which will further drive the demand for piston compressors.
Expansion of the Oil and Gas Industry
- The expansion of the oil and gas industry is another significant driver of the global piston compressor market. Piston compressors are extensively used in the oil and gas industry for various applications, such as gas processing, pipeline transportation, and offshore drilling operations. The growing demand for oil and gas products worldwide is driving the expansion of the industry, which, in turn, is driving the demand for piston compressors. Additionally, the adoption of advanced technologies, such as enhanced oil recovery (EOR) techniques, is further boosting the demand for piston compressors in the oil and gas industry. The increasing exploration activities in offshore oil and gas fields and shale gas reserves are also expected to fuel the demand for piston compressors in the coming years.
Piston Compressor Market Restraints
High Maintenance Cost
- Piston compressors require regular maintenance to ensure efficient and safe operation. This includes regular oil changes, cleaning, and replacement of worn-out parts. The high cost of maintenance can be a significant restraint for some businesses, particularly smaller businesses that may not have the budget to maintain their equipment as frequently as needed. Additionally, the cost of repairing or replacing a compressor that has failed can also be significant, which can be a major challenge for companies that rely heavily on their compressors.
Availability of Alternative Technologies
- While piston compressors have traditionally been the most popular type of compressor, there are now several alternative technologies that can be used for similar applications. For example, rotary screw compressors and centrifugal compressors are becoming increasingly popular for industrial applications due to their energy efficiency and low maintenance requirements. As these alternative technologies become more widely available, they may pose a threat to the growth and profitability of the piston compressor market, particularly in developed markets where customers may be more willing to invest in more efficient and cost-effective equipment.
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Piston Compressor Market Competitive Landscape
Global Piston Compressor Market is highly competitive and fragmented, with several players operating in the market. The competition in the market is intense, with players focusing on innovation, product differentiation, and pricing strategies to gain a competitive edge.
Piston Compressor Market Top Player’s Company Profiles
- Atlas Copco AB
- Ingersoll Rand Inc.
- Kaeser Kompressoren SE
- Gardner Denver Holdings, Inc.
- Sullair, LLC
- ELGi Equipments Limited
- MAT Industries, LLC
- Hitachi Industrial Equipment Systems Co., Ltd.
- Quincy Compressor LLC
- Kobe Steel, Ltd.
- Fusheng Co., Ltd.
- Boge Compressors Ltd.
- Dalgakiran Makina Sanayi Ve Ticaret A.S.
- Doosan Portable Power
- VMAC Global Technology Inc.
- C-Aire Inc.
- Werther International Inc.
- Air Squared Inc.
- Pneumofore S.p.A.
- TMC Fluid Systems Ltd.
Piston Compressor Market Recent Developments
- In March 2021, Ingersoll Rand announced the completion of the acquisition of Albin Pump SAS, a leading manufacturer of peristaltic and rotary lobe pumps. This acquisition is expected to expand Ingersoll Rand's product portfolio in the fluid management sector, which includes piston compressors.
- In February 2021, Atlas Copco announced the launch of a new range of oil-free piston compressors, specifically designed for the food and beverage industry. These compressors are designed to meet the industry's high hygiene standards and are suitable for a range of applications, such as bottling, canning, and packaging.
- In January 2021, Kaeser Compressors launched a new range of oil-free piston compressors, which are designed for the medical and dental industry. The compressors are oil-free and feature a high-efficiency filter system, making them suitable for critical applications that require clean and dry air.
- In April 2021, Gardner Denver announced the launch of a new range of piston compressors, designed for the industrial sector. The compressors are energy-efficient, feature a compact design, and are suitable for a range of applications, such as automotive, textile, and general manufacturing.
Piston Compressor Key Market Trends
- Adoption of Energy-efficient Piston Compressors: One of the significant trends in the global market is the increasing adoption of energy-efficient piston compressors. As the demand for energy-efficient solutions is rising, industries are looking for compressors that can operate efficiently with minimal energy consumption. The new-age piston compressors are designed with advanced technologies such as variable speed drive (VSD) and intelligent control systems, which help in reducing energy consumption and operational costs. Moreover, these compressors also offer improved performance, reduced noise levels, and extended lifespan, making them a preferred choice among industrial users.
Piston Compressor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Piston Compressor Market analysis, the global market is a highly competitive and dynamic market that is driven by several factors such as growing industrialization, increasing demand for energy-efficient compressors, and technological advancements in compressor design. Asia-Pacific is expected to be the largest and fastest-growing region in the global market due to the increasing demand for compressors in industries such as manufacturing, oil & gas, and power generation. The global market is highly competitive and fragmented, with several players operating in the market. The key drivers of growth in the global market include increasing demand from various end-use industries, growing emphasis on energy efficiency and sustainability, and advancements in compressor design and technology. The market is also expected to benefit from the increasing adoption of natural gas as a cleaner and more efficient source of energy. The global market faces several challenges such as intense competition, volatile raw material prices, and increasing pressure to reduce costs and improve efficiency. In addition, the market may also face regulatory and environmental challenges due to concerns over emissions and pollution. Overall, the global piston compressor market is expected to continue to grow in the coming years, driven by increasing demand from various end-use industries and the focus on energy efficiency and sustainability. However, the market is also likely to face challenges and uncertainties, which will require players to adapt and innovate to stay competitive.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 0 Billion |
| Market size value in 2032 | USD 0 Billion |
| Growth Rate | 4.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Piston Compressor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Piston Compressor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Piston Compressor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Piston Compressor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Piston Compressor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Piston Compressor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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