According to the Global Tandem Piston Compressor Market report by TechSci Research, the market is projected to see significant growth during the 2024-2028 forecast period. Tandem piston compressors, which use crankshaft-driven pistons to compress gases at high pressure, are utilized in various applications such as oil refineries, gas pipelines, natural gas, and refrigeration facilities. These compressors work by having oil or gas enter through the intake channel of the suction manifold, being compressed by the reciprocating motion of the pistons, and then exiting through the outlet and returning through the inlet. Tandem piston compressors can consume 20% less energy than regular piston compressors and have a lifespan ten times longer, while requiring less maintenance.
The natural gas sector is growing as clean energy becomes more emphasized. The construction of LNG terminals and the rising global demand for natural gas have led to a rapid expansion of LNG infrastructure globally. The surge in natural gas production is due to increased output from shale reservoirs. The market is expected to continue its development as more industries, such as food and beverage and aerospace, adopt tandem piston compressors to compress gases at high pressure. The construction of LNG pipelines and liquefaction trains for domestic natural gas transportation is another factor contributing to the market's growth from 2018 to 2028.
In the future, the downstream oil and gas industry in the United States is expected to have modest growth due to the increased production of condensate dividers and upgrades to existing facilities, primarily in and around the Gulf of Mexico. It is predicted that fuels for export, especially LPG and distillates, will drive 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.
The Global Tandem Piston Compressor Market is classified into three main categories: type, stage, and application. The applications segment includes oil refineries, chemicals & petrochemicals, natural gas processing & distribution, and others. As for type, the market is divided into stationary and portable. The stationary segment is expected to occupy a significant share of the market due to its cost-effectiveness, easy installation and upgrade of equipment and services, improved power output, and larger air capacity. Meanwhile, the portable segment is expected to grow at a steady pace as it doesn't require a separate air hose and is flexible in its use. In terms of stage, the market is categorized into single and two-stage. The two-stage sector is projected to hold a substantial share of the market because compressed air is passed through a smaller piston tank for a second stroke before being cooled and stored in a tank, providing a source of power for high-performance equipment.
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.
“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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