According to the research report titled ‘Reciprocating Air Compressor Market Size By Product (Portable, Stationary), By Technology (Single-acting, Double-acting), By Lubrication (Oil Free, Oil Filled), By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Semiconductor & Electronics, Manufacturing, Healthcare), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Landscape & Forecast, 2021 – 2027’, available with MarketStudyReport, global reciprocating air compressor market is expected to register a strong CAGR over the forecast period 2021-2027.
 

As per the report findings, increasing manufacturer focus on product innovation, and escalating demand for highly energy-efficient compressors across various end-use verticals are propelling global reciprocating air compressor market growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/1091030/
 

For the unversed, reciprocating air compressors, also known as piston compressors, are positive displacement equipment, i.e., they build up the pressure in air so as to compress it. Benefits of these compressors include higher efficiency, flexibility of use, higher pressure generation, and enhanced applications in intermittent cycling. Such advantages have further bolstered the product demand which has favorably affected the industry outlook.
 

Moreover, leading companies are introducing innovative products to meet growing consumer demands, thereby adding to market remuneration. For instance, Ingersoll Rand Inc., a prominent industrial equipment manufacturer, launched its new range (1- to 15-hp) of oil-less air producers under the umbrella – IR’s oil-less reciprocating air compressors in January 2021. These oil-less units have been designed to be useful across varied industries ranging from water treatment plants and hospitals to breweries.
 

On the downside, easy availability of equipment renting services, and stringent regulations on air compressor usage are likely to slow down the market growth in the upcoming years.
 

Based on application type segmentation of global reciprocating air compressor market, semiconductor & electronics segment is poised to garner 4% CAGR over the projected period, primarily due to growing trend of third-party manufacturing of semiconductors as well as surging demand for chips in production of smart technologies.
 

From a regional frame of reference, Latin America market is slated to record a CAGR of 2.8% through 2027, owing to expanding food & beverage sector, and high demand for home appliances in the region.
 

Speaking of the competitive scope, Emerson Electric Co., Boge Kompressoren Otto Boge GmbH & Co. KG, Zen Air Tech Pvt. Ltd., Ciasons Industrial Inc., Quincy Compressor (Atlas Copco), Elgi Equipments Ltd., Sullivan-Palatek Inc., Rolair Systems, Ingersoll-Rand Inc., Kaeser Kompressoren SE, and Sullair LLC are some of the prominent companies influencing worldwide reciprocating air compressor market trends.