Tandem Piston Compressor Market to be Dominated by North America
The market is expected to grow as pipeline operators adopt piston compressors for natural gas transportation, more frequently.
According to TechSci Research report, Global Tandem Piston Compressor Market - By Region, Competition Forecast & Opportunities, 2018-2028, the Tandem Piston Compressor Market is expected to register robust growth during the forecast period, 2024-2028. Tandem piston compressors, which are positive displacement compressors with pistons driven by the crankshaft, deliver gases at extremely high pressure. Oil or gas enters through the suction manifold's intake channel and is then compressed by the piston's reciprocating motion before exiting through outlet and returning through the inlet. Oil refineries, gas pipelines, natural gas, and refrigeration facilities, all employ piston compressors in a variety of applications. In comparison to a regular piston, the energy consumption of a tandem piston compressor may be cut by 20%. Tandem piston compressors have ten times more life than a typical compressor and require far less maintenance.
The natural gas industry is expanding since there is more emphasis on using clean energy. Due to the construction of LNG terminals and rising global demand for natural gas, the LNG infrastructure is rapidly spreading around the world. Natural gas production has surged as a result of a surge in output from shale reservoirs. Additionally, the market would continue to develop as more businesses, including those in the food and beverage and aerospace sectors, adopt tandem piston-based compressors to pressurise gases to high pressures. Construction of LNG pipelines or liquefaction trains for domestic natural gas transportation is another factor boosting market growth from 2018 to 2028.
With the increased production of condensate dividers and the upgrading of existing facilities, mainly in and around the Gulf of Mexico, the downstream oil and gas industry in the United States is anticipated to have modest expansion in the future. Additionally, it is anticipated that fuels intended for export, particularly LPG and distillates, will be the main drivers of the rise in downstream production.
The market is divided into the following geographical areas: North America, Asia Pacific, Europe, South America, the Middle East, and Africa. Due to its competitive advantage in offshore oil and gas projects, its improved supply chain, declining offshore drilling costs, and shifting attention to the petrochemical industry because of rising oil and gas production, North America is predicted to dominate the market during the forecast period.
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The Global Tandem Piston Compressor Market is segmented based on types, stages, and applications. Based on application, the market is segmented into oil refineries, chemicals & petrochemicals, natural gas processing & distribution, and others.
Based on type, the market is segmented into stationary and portable. The stationary market segment is anticipated to account for a sizable portion of the market due to its lower cost, ease of new equipment and service upgrades, increased power, and relative larger air capacity. On the other hand, the portable segment is anticipated to expand steadily because it doesn't require an additional air hose and is easily adaptable.
Based on stages, the market is divided into single and two stages. Due to the fact that compressed air is transported to a smaller piston tank for a second stroke before being cooled and sent to the storage tank, where it serves as a beacon for high power equipment, the two-stage sector is predicted to account for a significant portion of the market.
Major market players in the Global Tandem Piston Compressor market are: -
- ABAC air compressors
- BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG
- Bitzer SE
- Officine Mario Dorin SpA
- NuAir compressors (FNA SpA)
- Dorin, Kulthorn
- SPERONI spa
- FNA S.p.A.
- Danfoss A/S
- RefPower Srl.
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“During the projected period, the market is anticipated to be driven by the industrial infrastructure's rapid growth. The market is expected to expand in the upcoming years as piston’s functionalities revolve around a range of applications. The market is driven by rising demand for pistons for natural gas processing and transportation over the forecast period.," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Tandem Piston Compressor Market- Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028F, By Types (Stationary and Portable), By Stages (Single Stage and Two Stage), By Applications (Oil Refineries, Chemicals & Petrochemicals, Natural Gas Processing & Distribution, and Others), By Region, Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of Global Tandem Piston Compressor Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Tandem Piston Compressor Market.
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