Reciprocating Compressor Market Report Examines Latest Trends and Key Drivers Supporting Growth through 2024

In order to study the various trends and patterns prevailing in the overall market for Reciprocating Compressor, Market Research Reports Search Engine (MRRSE) has included a new report titled “Reciprocating Compressor Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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There are numerous players competing in the Russia reciprocating compressor market, with Kobelco Compressors Corporation, Atlas Copco AB, and General Electric (Oil & Gas) Co. at the top of the list. Other key contributors to the growth of the reciprocating compressor market include Dresser Rand Group Inc., Howden Group Ltd., Leobersdorfer Maschinenfabrik GmbH & Co.KG, Burckhardt Compression AG, Neuman & Esser Group, KwangShin Machinery Co. Ltd., BORSIG ZM Compression GmbH, Ariel Corporation, and SIAD Macchine Impianti S.p.A.

MRRSE has found that a number of these companies have been focused on strategic alliance as their go-to growth plan. Atlas Copco, one of the most prominent names in the reciprocating compressors market in Russia, acquired at least three companies in the first seven months of 2016 alone: FIAC, an Italian manufacturer of compressors and allied equipment, in January; Schneider Druckluft GmbH, a German manufacturer of compressed air solutions, in June; and Roxel Rental AS, a Norwegian supplier of drilling and well products and solutions, in July.

“Atlas Copco, through these acquisitions, has managed to strengthen the company’s position in offshore markets, which has also benefited its operations and presence in Russia,” the lead author of the MRRSE study states. “The acquisitions have also enabled Atlas Copco to expand its product portfolio as well as expertise within the compressors segment.”

Government Support Programs for Investors Act as a Positive Trend

“The Ministry of Industry and Trade of the Russian Federation has set down a number of rules and regulations that have had a significant impact on the reciprocating compressors market,” the lead author reports. For instance, the European Union, the U.S. Commerce Department, and the U.S. Bureau of Industry and Security restricts the use of U.S.-origin energy exploration or production equipment as well as technology for subsea applications in the Russia oil and gas industry. This includes the prohibition of compressors. This has strengthened the presence of local manufacturers of reciprocating compressors.

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In addition to this, the Russian government has introduced several support programs for investors that have empowered subsea applications in the country. This, in turn, has boosted the demand for reciprocating compressors, among other industrial equipment.

Local manufacturers of reciprocating compressors in Russia have, in the past, faced numerous hurdles owing to the lack of sustainability to cope up with international standards and quality benchmarks. A number of them have, therefore, pinned their hopes on the global advancement of technology and innovation and the development of maintenance-free compressors with greater efficiency.

“Foreign direct investment (FDI) will bring to Russia the benefits of these technological advancements and augment the output efficiency of the reciprocating compressors market in Russia,” the MRRSE analyst predicts. 

The report also includes competitive profiling of major players along with the value chain analysis for reciprocating compressors. Key business strategies adopted by leading players, their market positioning, and various recent developments have also been identified in the research report. This research report also provides market positioning analysis of major players in the Russia reciprocating compressors market based on their 2015 revenues. Some of the prominent players dominating the reciprocating compressors in the Russia include Atlas Copco AB, Kobelco Compressors Corporation, Dresser Rand Group Inc., Howden Group Ltd., and General Electric (Oil & Gas) Co. These players hold significant market share in the Russian reciprocating compressor market collectively holding approximately 40% of the market share in 2015. The other key players profiled in the research study include Leobersdorfer Maschinenfabrik GmbH & Co.KG, Burckhardt Compression AG, Neuman & Esser Group, KwangShin Machinery Co. Ltd., BORSIG ZM Compression GmbH, Ariel Corporation, and SIAD Macchine Impianti S.p.A.

The Russia reciprocating compressor market is segmented as below:

Russia Reciprocating Compressor Market: By Type

  • Industrial Process Gas Reciprocating Compressor
    • API 618
    • High-speed Reciprocating Compressor
  • LNG Reciprocating Compressor
  • BOG Reciprocating Compressor 

Russia Reciprocating Compressor Market: By End-use Industry

  • Chemical
  • Oil & Gas
    • Upstream
    • Midstream
    • Downstream
  • Petrochemical
  • LNG
    • Small and Medium sized Plants
    • Big & Giant Sized Plants
  • Others

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