Tandem Piston Compressors Market Size (2024 - 2029)

The tandem piston compressors market is anticipated to experience growth due to the expansion of industrial infrastructure and the increasing demand in sectors such as refrigeration, air cooling, and natural gas processing. Despite the challenges posed by space requirements, the market is recovering from the COVID-19 impact and is expected to benefit from the growth in the natural gas industry, driven by production from shale reserves. Developing regions, particularly in North America, present significant opportunities for market expansion, as these areas continue to enhance their industrial infrastructure.

Home Market Analysis Energy & Power Research Industrial Machinery Research Compressor Research Tandem Piston Compressor Research Tandem Piston Compressors Market Market Size

Market Size of Tandem Piston Compressors Industry

Tandem Piston Compressors Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
CAGR 3.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Tandem Piston Compressors Market Major Players

*Disclaimer: Major Players sorted in no particular order

Tandem Piston Compressors Market Analysis

The Tandem Piston Compressors Market is expected to register a CAGR of 3% approximately over the forecast period on account of the expansion of industrial infrastructure.

The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.

  • Due to its high efficiency, it is used in various applications, including refrigeration, air cooling, and air separation, among others. Tandem piston compressors are also used in chemical and petrochemical facilities. These industries are witnessing significant growth worldwide, thus, boosting the market studied. Additionally, the growth of the natural gas industry is expected to drive the market studied over the forecast period, as the production of natural gas has increased due to a surge in the production from shale reserves.
  • However, these compressors' requirement for more space is considered a restraint to the market's growth.
  • Nevertheless, tandem piston compressors are widely used in natural gas processing and transportation. Hence, an increase in the demand for natural gas for power generation is likely to dominate the market during the forecast period.
  • Moreover, developing industrial infrastructure in countries like the United States, Canada, Mexico, etc., is likely to offer huge business opportunities for the tandem piston compressors market. Furthermore, North America is expected to be a significant player in the market during the forecast period.

Tandem Piston Compressors Industry Segmentation

Two compressors make up a tandem compressor system. A discharge tube assembly connects the two compressors to the external system. Oil may enter the discharge tube assembly when only one compressor is operating and then flow back toward the compressor that is not operating.

The Tandem Piston Compressors Market is segmented by type, stage, and application. By type, the market is segmented into stationary and portable. By stage, the market is segmented into a single stage and two stages. By application, the market is segmented into oil refineries, natural gas processing and distribution, chemicals and petrochemicals, and other applications. The report also covers the market size and forecasts for the tandem piston compressors market across the major regions. For each segment, the market sizing and forecasts are based on the revenue (USD Billion).

By Type
Stationary
Portable
By Stage
Single Stage
Two Stage
By Application
Oil Refineries
Natural Gas Processing and Distribution
Chemicals and Petrochemicals
Other Applications
By Geography
North America
Asia-Pacific
Europe
South America
Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Tandem Piston Compressors Market Size Summary

The Tandem Piston Compressors Market is poised for steady growth, driven by the expansion of industrial infrastructure and the increasing demand for natural gas. These compressors are highly efficient and find applications in refrigeration, air cooling, air separation, and chemical and petrochemical facilities. The natural gas industry, bolstered by the production surge from shale reserves, is a significant contributor to market expansion. Despite the space requirements of these compressors posing a challenge, their widespread use in natural gas processing and transportation underscores their importance. The developing industrial infrastructure in North America, particularly in the United States, Canada, and Mexico, presents substantial business opportunities, with North America expected to play a pivotal role in the market's growth.

The global shift towards natural gas as a cleaner energy source is further propelling the market, as it replaces coal in power generation, reducing carbon emissions. The rapid expansion of LNG infrastructure worldwide and the increasing demand for natural gas transmission by pipeline operators are key factors driving the market. North America's offshore oil and gas projects are becoming more competitive, with technological innovations in drilling and production leading to increased output. This region's focus on the petrochemical industry and the availability of natural gas liquids from recent shale gas finds position it as a low-cost zone for chemical synthesis. The market is fragmented, with key players like ABAC air compressors, BOGE KOMPRESSOREN, Bitzer SE, Officine Mario Dorin SpA, and NuAir compressors actively contributing to its development.

Explore More

Tandem Piston Compressors Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD million, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Stationary

      2. 2.1.2 Portable

    2. 2.2 By Stage

      1. 2.2.1 Single Stage

      2. 2.2.2 Two Stage

    3. 2.3 By Application

      1. 2.3.1 Oil Refineries

      2. 2.3.2 Natural Gas Processing and Distribution

      3. 2.3.3 Chemicals and Petrochemicals

      4. 2.3.4 Other Applications

    4. 2.4 By Geography

      1. 2.4.1 North America

      2. 2.4.2 Asia-Pacific

      3. 2.4.3 Europe

      4. 2.4.4 South America

      5. 2.4.5 Middle-East and Africa

Tandem Piston Compressors Market Size FAQs

The Tandem Piston Compressors Market is projected to register a CAGR of 3% during the forecast period (2024-2029)

ABAC air compressors , BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG , Bitzer SE , Officine Mario Dorin SpA and NuAir compressors (FNA SpA) are the major companies operating in the Tandem Piston Compressors Market.

Tandem Piston Compressors Report Snapshots

Tandem Piston Compressors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)