Global Industrial piston compressor market: Application, Analysis, Growth, and Forecast to 2027

MarketResearch.biz, in its upcoming report titled, “Global Industrial Piston Compressor Market, Applications, Analysis, Growth, and Forecast to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global industrial piston compressor market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global industrial piston compressor market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The industrial piston compressor is segmented on the basis of product type, application, and region. The global industrial piston compressor market was valued at US$ X.X million in 2016, and is expected to reach US$ X.X million over the forecast period at a CAGR of XX.X%.

Compressor is a device that increases pressure of gas by reducing its volume. Piston compressor uses piston driven by crankshaft to deliver gas at high pressure. Various parts are used in piston compressor such as cylinder, piston, piston ring, crankshaft, connecting rod. They can be stationary or portable. Discharge pressure can range from low pressure and high pressure.

Long range of horsepower is a key factor driving growth of the global industrial piston compressor market. In addition, simple design, lower cost, and easy to install are some other factors expected to fuel growth of the global industrial piston market over the forecast period.

However, high maintenance cost is a key factor restraining growth of the global industrial piston market. Additionally, many moving parts, high vibration is some other major factor expected to hamper growth of the global industrial piston compressor market. However, through technical advancement new opportunities are presented for major players of the global industrial piston compressor market.

The global industrial piston compressor market report has been segmented on the basis of type, application, and region. On the basis of region, the global industrial piston compressor market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America is a dominant region and accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to presence of leading industrial piston compressor manufacturers in market and well-developed application segment such as chemical plant, gas pipelines, and refrigeration plant, coupled with high efficiency of two stage model is anticipated to drive future growth of the global industrial piston compressor market over the forecast period. Europe accounts for the second largest revenue share contribution to the global industrial piston market followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to increasing number of industrial sectors in emerging economies in the region.

Global Industrial Piston Compressor Market Segmentation:

Global industrial piston compressor market segmentation by types:

• Open type compressor
• Hermetic compressor
• Semi hermetic compressor

Global industrial piston compressor market segmentation by application:

• Oil and Gas industry
• Automobile industry
• Others

Global industrial piston compressor market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa