API 618 Reciprocating Compressor Market Report 2025 (Global Edition)

Global API 618 Reciprocating Compressor Market Report 2025 Market Size Split by Type (Vertical, Horizontal), by Application (Refinery, Petrochemical and Chemical, Gas Transport and Storage, Others)

API 618 Reciprocating Compressor Market Report Description

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API 618 Reciprocating Compressor Market Insights Video

Competitive Landscape of the API 618 Reciprocating Compressor Market

The competitive landscape of the API 618 reciprocating compressor market is characterized by intense rivalry among key players striving to innovate and expand their market presence. Companies vie for market share through the development of advanced technologies, strategic partnerships, and acquisitions. Additionally, a diverse array of startups and established players contribute to the competitive dynamics by introducing novel solutions and driving innovation. This competitive environment fosters continuous advancements in reciprocating compressor technology and enhances the range of offerings available to industrial users.

Top Companies Market Share in API 618 Reciprocating Compressor Industry: (In no particular order of Rank)

• Dresser-Brand
• GE
• Burckhardt Compression
• Howden
• Shenyang Yuanda
• Shenyang Blower
• Kobelco
• Neuman & Esser
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of API 618 Reciprocating Compressor Market

Which Region Dominates the API 618 Reciprocating Compressor Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to several factors. Firstly, the region's established oil and gas industry, particularly in the United States and Canada, drives significant demand for compressors in extraction, processing, and transportation activities. Additionally, stringent environmental regulations necessitate the use of high-quality, compliant compressors, boosting sales. Moreover, technological advancements and the presence of key market players contribute to the region's dominance. Furthermore, ongoing infrastructure projects such as pipeline expansions and refinery upgrades fuel demand for compressors.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the API 618 Reciprocating Compressor market due to several compelling factors. Firstly, rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations drive demand for energy, fostering investments in oil and gas infrastructure. Additionally, expanding petrochemical and chemical industries in the region require compressors for various processes, fueling market growth. Moreover, government initiatives to enhance energy security and promote sustainable practices encourage the adoption of efficient compressors. Furthermore, increasing environmental regulations and the need for emissions reduction further stimulate sales.

The current report Scope analyzes API 618 Reciprocating Compressor Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America API 618 Reciprocating Compressor Market

According to Cognitive Market Research, the global API 618 Reciprocating Compressor market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• According to Cognitive Market Research, The United States API 618 reciprocating compressors market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 2.3% during the forecast period. Sales in the U.S. will rise due to the country's extensive oil and gas infrastructure, driving demand for compressors in extraction and processing. Stringent environmental regulations also boost adoption.
• Canada had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. Canada's focus on expanding its oil sands and natural gas industries will drive compressor sales. Additionally, investments in pipeline infrastructure and LNG projects will spur demand for compression equipment.
• Mexico had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period

Europe API 618 Reciprocating Compressor Market

According to Cognitive Market Research, the global API 618 Reciprocating Compressor market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031.

• The United Kingdom had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. The UK's emphasis on renewable energy and transitioning towards cleaner fuels will drive compressor sales for gas processing and transportation. Upgrades in aging infrastructure also contribute to market growth.
• France had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period.
• Germany had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Germany's strong manufacturing sector and investments in renewable energy projects will boost compressor sales. The country's transition to cleaner energy sources necessitates advanced compression technologies for gas storage and distribution.
• Italy had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period.
• Russia had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 1.8% during the forecast period.
• Spain had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 1.9% during the forecast period.
• Luxembourg had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 2.9% during the forecast period.
• Portugal had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 2.6% during the forecast period.
• Greece had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.1% during the forecast period.
• Rest of Europe had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 1.5% during the forecast period

Asia Pacific API 618 Reciprocating Compressor Market

According to Cognitive Market Research, the global API 618 Reciprocating Compressor market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

• According to Cognitive Market Research, China had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. China's rapid industrialization and urbanization drive demand for energy, fueling compressor sales for gas processing and transportation. Government initiatives to improve air quality also stimulate adoption of efficient compression solutions.
• Japan had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period.
• India had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. India's growing population and urbanization propel demand for energy, leading to compressor sales for gas distribution and petrochemical processing. Government efforts to expand infrastructure further drive market growth.
• South Korea had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.4% during the forecast period.
• Australia had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period.
• South East Asia had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period.
• Rest of Asia Pacific had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period

South America API 618 Reciprocating Compressor Market

According to Cognitive Market Research, the global API 618 Reciprocating Compressor market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, Brazil had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Brazil's thriving oil and gas industry and investments in offshore exploration drive compressor sales for extraction and processing. Additionally, the country's focus on biofuels and renewable energy presents opportunities for compressor applications.
• Argentina had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. Argentina's vast shale gas reserves and efforts to attract investments in the energy sector will boost compressor sales for extraction and processing. Increasing focus on LNG exports also drives demand.
• Colombia had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period.
• Peru had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period.
• Chile had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period.
• Rest of Latin America had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 2.8% during the forecast period

Middle East API 618 Reciprocating Compressor Market

According to Cognitive Market Research, the global API 618 Reciprocating Compressor market size was estimated at USD XX Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• GCC Countries had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. The GCC's significant oil and gas reserves and investments in infrastructure projects fuel compressor sales for various applications, including gas processing, transportation, and storage.
• Egypt had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period.
• South Africa had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. South Africa's expanding mining and manufacturing sectors drive demand for energy, stimulating compressor sales for gas compression and processing. Investments in renewable energy projects also contribute to market growth.
• Turkey had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period.
• Nigeria had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.1% during the forecast period.
• Rest of MEA had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period.

API 618 Reciprocating Compressor Market Analysis

API 618 Reciprocating Compressor Market Type Segment Analysis

According to Cognitive Market Research, horizontal stands out as the dominating category due to their widespread applicability across industries like oil, gas, and petrochemicals. Their versatility in handling various gas compression tasks, coupled with established market presence and reliability, drives sales. Moreover, horizontal compressors are preferred for large-scale operations, such as pipeline transportation and refinery processes, where high capacity and efficiency are paramount. Additionally, advancements in horizontal compressor technology further solidify their position as the dominating category.

Vertical emerges as the fastest-growing category in the API 618 Reciprocating Compressor market due to several factors. Their compact design makes them ideal for applications with space constraints, driving demand in industries like offshore oil and gas extraction. Additionally, vertical compressors are preferred for specific applications requiring vertical integration or where installation flexibility is crucial. Furthermore, advancements in vertical compressor design and technology, such as improved materials and efficiency, contribute to their growing popularity among end-users.

• Vertical
• Horizontal

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of API 618 Reciprocating Compressor Industry. Request a Free Sample PDF!

API 618 Reciprocating Compressor Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is refinery due to several factors. Refineries require a significant number of compressors for various processes such as fluid catalytic cracking, gas compression, and hydrogen production. With the global demand for refined petroleum products steadily increasing, the need for compressors in refineries remains robust. Additionally, aging infrastructure and the need for upgrades and expansions further drive sales in this segment.

The fastest-growing category in the API 618 Reciprocating Compressor market is petrochemical and chemical due to various compelling reasons. Increasing demand for chemicals, plastics, and synthetic materials worldwide fuels the expansion of this industry. Petrochemical and chemical processes require compressors for gas processing, polymerization, and refining, contributing to the growing sales of API 618 compressors in this segment. Moreover, advancements in chemical processes and the need for specialized compressors further drive market growth.

• Refinery
• Petrochemical and Chemical
• Gas Transport and Storage
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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