往復式压缩机市场－全球产业规模、份额、趋势、机会与预测：按类型、组件、应用、最终用户产业、地区和竞争格局划分，2021-2031年

全球往復式压缩机市场预计将从 2025 年的 53.1 亿美元成长到 2031 年的 78.7 亿美元，复合年增长率达到 6.78%。

这些容积式机械利用汽缸内的活塞驱动机构产生高压气体，在各种工业应用中至关重要。市场成长的主要驱动力是天然气运输和液化基础设施的扩张，以及炼油和石化行业对高压缩製程优化的持续需求。这些核心工业需求构成了稳固的收入基础，使该市场区别于数位化和远端监控等暂时的技术变革。

儘管成长潜力巨大，但频繁维护阀门和活塞环等运动部件所带来的高昂营运成本，构成了市场发展的一大障碍。与旋转式设备相比，定期维护往往会导致高成本的停机时间，这促使主要终端用户在资本投资方面保持谨慎。德国机械设备製造业联合会（VDMA）的数据印证了这一趋势，数据显示，2024年化工设备工程领域的总订单量将达到23.9亿欧元。这一数字表明，市场环境稳定但财务纪律严明，预算限制了新设备的积极采购。

市场驱动因素

市场扩张的关键驱动因素是天然气运输和液化天然气（LNG）液化基础设施的持续发展。高压设备对于天然气集输、管道运输和蒸发气处理至关重要。随着能源安全成为全球优先事项，中游终端大型压缩设备的安装量不断增加，对重型往復式压缩机组产生了显着需求。这一发展动能也反映在主要企业的财务表现中。例如，贝克休斯公司报告称，其工业和能源技术部门2024年10月的订单额达到29亿美元，连续第八个季度保持强劲增长，凸显了往復式技术在LNG供应链中的重要性。

同时，氢气生产和加氢领域日益增长的需求也在推动市场发展。往復式压缩机在该领域至关重要，能够实现储存和运输所需的高压。製造商正在加速调整产品系列，以支持脱碳进程，包括绿色氢气和太阳能材料的生产。布克哈特压缩机公司于2024年11月发布的期中报告显示，集团总订单额达6.152亿瑞士法郎，主要由氢能运输和太阳能发电驱动。这种向永续应用领域的转变是对传统石化燃料市场的补充。根据国际能源总署（IEA）估计，2024年全球上游油气产业的投资预计将达到5,700亿美元，从而确保稳定的基础需求。

市场挑战

全球往復式压缩机市场成长受到高昂营运成本的显着限制，而高昂营运成本主要源自于运动部件的频繁维护。由于这些压缩机采用活塞驱动机构，阀门和活塞环等零件极易磨损，需要定期更换，导致昂贵的运作中断。这种反覆出现的财务负担推高了总拥有成本，迫使炼油厂和石化等对成本敏感的行业更加严格地审查资本支出。因此，许多潜在买家正在推迟扩建和升级计划，并减少新设备的采购，以避免维护这些复杂机械系统所带来的长期负担。

这种谨慎的资本配置策略在更广泛的产业领域中均有体现，维护相关的预算限制阻碍了投资。根据德国机械设备製造业联合会（VDMA）预测，2024年全球机械设备销售额约3.26兆欧元，较前一年下降1.5%。这一下滑趋势凸显了当前投资环境的审慎，对营运效率和持续维护成本的担忧直接限制了往復式压缩机製造商的获利潜力。

市场趋势

往復式压缩机的售后市场格局正因人工智慧驱动的预测维修系统的引入而发生重塑，这些系统直接解决了高昂的营运成本难题。透过整合工业物联网感测器和机器学习演算法，营运商可以即时监控阀门和活塞等关键零件，从固定週期更换转向基于状态的维护策略，从而最大限度地减少非计划性停机时间。随着工业用户将资产运转率置于首位，这项技术变革正在推动高利润服务合约的成长。西门子能源截至2024年11月的财年财务表现也反映了这一趋势，其天然气服务业务的订单订单增长了约40%，达到36亿欧元，体现了客户对营运可靠性的日益重视。

同时，严格的纯度标准正推动製药、食品饮料和电子等产业的关键应用转向无油压缩机架构。与能源基础设施中使用的传统润滑装置不同，这些专用压缩机消除了下游污染风险，并确保符合 ISO 8573-1 0 级空气品质标准。製造商正在扩展其无润滑产品线，以抢占这个高价值市场。英格索兰截至 2024 年 10 月的财年业绩印证了这一不断增长的需求：其精密与科学部门的订单增长了 30%，达到 3.78 亿美元，这证实了对污染物敏感的流体技术的强劲市场需求。

目录

第一章概述

第二章调查方法

第三章执行摘要

第四章：客户评价

第五章 全球往復式压缩机市场展望

• 市场规模及预测
  • 按金额
• 市占率及预测
  • 按类型（垂直、水平、倾斜）
  • 按部件（曲轴、活塞、轴承等）
  • 按应用领域划分（上游油气、炼油厂、工业气体、液化天然气和压缩天然气运输和储存、乙烯和低密度聚乙烯工厂）
  • 依最终用户产业（化学、汽车、家用电子电器、工业、其他）划分
  • 按地区
  • 按公司（2025 年）
• 市场地图

第六章 北美往復式压缩机市场展望

• 市场规模及预测
• 市占率及预测
• 北美洲：国家分析
  • 我们
  • 加拿大
  • 墨西哥

第七章 欧洲往復式压缩机市场展望

• 市场规模及预测
• 市占率及预测
• 欧洲：国家分析
  • 德国
  • 法国
  • 英国
  • 义大利
  • 西班牙

第八章 亚太地区往復式压缩机市场展望

• 市场规模及预测
• 市占率及预测
• 亚太地区：国家分析
  • 中国
  • 印度
  • 日本
  • 韩国
  • 澳洲

第九章 中东和非洲往復式压缩机市场展望

• 市场规模及预测
• 市占率及预测
• 中东和非洲：国家分析
  • 沙乌地阿拉伯
  • 阿拉伯聯合大公国
  • 南非

第十章 南美洲往復式压缩机市场展望

• 市场规模及预测
• 市占率及预测
• 南美洲：国家分析
  • 巴西
  • 哥伦比亚
  • 阿根廷

第十一章 市场动态

• 司机
• 任务

第十二章 市场趋势与发展

• 併购
• 产品发布
• 最新进展

第十三章 全球往復式压缩机市场：SWOT分析

第十四章：波特五力分析

• 产业竞争
• 新进入者的可能性
• 供应商电力
• 顾客权力
• 替代品的威胁

第十五章 竞争格局

• Ariel Corporation
• Mayekawa Mfg. Co., Ltd.
• Gardner Denver Holdings, Inc.
• IHI Corporation
• Atlas Copco AB
• SIEMENS AG
• Burckhardt Compression Holding AG
• Ingersoll Rand
• Howden Group Holdings Limited
• General Electric Company

第十六章 策略建议

第十七章：关于研究公司及免责声明

The Global Reciprocating Compressors Market is projected to expand from USD 5.31 Billion in 2025 to USD 7.87 Billion by 2031, achieving a compound annual growth rate of 6.78%. These positive displacement machines, which utilize a piston-driven mechanism within a cylinder to generate high-pressure gas, are essential for various industrial applications. The market is primarily underpinned by the growing infrastructure for natural gas transportation and liquefaction, alongside consistent demand from the refinery and petrochemical sectors for high-compression process optimization. These core industrial necessities establish a reliable revenue foundation that remains distinct from transient technological shifts such as digitalization or remote monitoring.

Despite this growth potential, the market faces a significant obstacle due to the high operational expenses linked to the frequent maintenance of moving parts like valves and piston rings. The need for regular upkeep often results in costly downtime compared to rotary alternatives, prompting cautious capital expenditure among major end-users. This trend is illustrated by data from the VDMA, which reported that incoming orders in the chemical plant engineering sector totaled 2.39 billion euros in 2024. This figure indicates a stabilized but fiscally disciplined environment that restricts aggressive procurement of new equipment due to budgetary constraints.

Market Driver

A primary catalyst for market expansion is the ongoing development of natural gas transport and LNG liquefaction infrastructure, which requires high-pressure equipment for gas gathering, pipeline transmission, and boil-off gas management. As energy security becomes a global priority, the installation of large-scale compression trains at midstream terminals has increased, generating substantial demand for heavy-duty reciprocating units. This momentum is reflected in the financial performance of major industry players; for instance, Baker Hughes reported in October 2024 that orders for its Industrial & Energy Technology segment reached $2.9 billion, marking the eighth consecutive quarter at this robust level and highlighting the sector's reliance on reciprocating technology for LNG supply chains.

Concurrently, the market is being driven by escalating demand within the hydrogen production and refueling sectors, where reciprocating compressors are vital for achieving the high pressures necessary for storage and mobility. Manufacturers are increasingly adapting their portfolios to support decarbonization efforts, including green hydrogen and solar material production. Burckhardt Compression's Half-Year Report in November 2024 noted a group order intake of CHF 615.2 million, largely fueled by the hydrogen mobility and solar sectors. This shift toward sustainable applications complements the traditional fossil fuel market, where the International Energy Agency estimated global upstream oil and gas investment would reach USD 570 billion in 2024, ensuring a steady baseline demand.

Market Challenge

The growth of the Global Reciprocating Compressors Market is significantly impeded by high operational expenditures resulting from the frequent maintenance of moving components. Since these compressors rely on piston-driven mechanisms, parts such as valves and rings undergo substantial wear, necessitating regular replacements that lead to expensive operational interruptions. This recurring financial burden raises the total cost of ownership, compelling cost-sensitive sectors like refineries and petrochemicals to rigorously scrutinize their capital outlays. Consequently, many potential buyers postpone fleet expansion or replacement projects to avoid the long-term liability of maintaining these complex mechanical systems, thereby reducing new equipment procurement.

This cautious approach to capital allocation is evident across the broader industrial landscape, where maintenance-related budget constraints are dampening investment. According to the VDMA, global sales of machinery and equipment amounted to approximately 3.26 trillion euros in 2024, representing a 1.5% decline compared to the previous year. This contraction underscores a disciplined investment environment where concerns regarding operational efficiency and ongoing maintenance costs directly limit the revenue potential for manufacturers of reciprocating compressors.

Market Trends

The aftermarket landscape for reciprocating compressors is being reshaped by the adoption of AI-driven predictive maintenance systems, which directly address the challenge of high operational costs. By integrating IIoT sensors and machine learning algorithms, operators can monitor critical components like valves and pistons in real time, shifting from fixed-interval replacements to condition-based strategies that minimize unexpected downtime. This technological evolution is fueling growth in high-margin service contracts as industrial users prioritize asset availability. Evidence of this trend is seen in Siemens Energy's November 2024 earnings, where orders for the Gas Services business rose by approximately 40% to 3.6 billion euros, reflecting an intensified customer focus on operational reliability.

Simultaneously, there is a decisive move toward oil-free compressor architectures for critical applications in the pharmaceutical, food and beverage, and electronics sectors, driven by strict purity standards. Unlike traditional lubricated units used in energy infrastructure, these specialized compressors eliminate downstream contamination risks, ensuring compliance with ISO 8573-1 Class 0 air quality mandates. Manufacturers are expanding their non-lubricated product lines to capture this high-value segment. Ingersoll Rand's October 2024 results highlighted this demand, showing a 30% surge in orders for its Precision and Science Technologies segment to 378 million dollars, underscoring the robust market for contaminant-sensitive flow technologies.

Key Market Players

• Ariel Corporation
• Mayekawa Mfg. Co., Ltd.
• Gardner Denver Holdings, Inc.
• IHI Corporation
• Atlas Copco AB
• SIEMENS AG
• Burckhardt Compression Holding AG
• Ingersoll Rand
• Howden Group Holdings Limited
• General Electric Company

Report Scope

In this report, the Global Reciprocating Compressors Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Reciprocating Compressors Market, By Type

• Vertical
• Horizontal
• Angular

Reciprocating Compressors Market, By Component

• Crankshaft
• Piston
• Bearings
• Others

Reciprocating Compressors Market, By Application

• Upstream Oil & Gas
• Refinery
• Industrial Gases
• LNG & CNG Transport Storage
• Ethylene & LDPE Plants

Reciprocating Compressors Market, By End-User Industry

• Chemical
• Automotive
• Consumer Electronics
• Industrial
• Others

Reciprocating Compressors Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Reciprocating Compressors Market.

Available Customizations:

Global Reciprocating Compressors Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Reciprocating Compressors Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Vertical, Horizontal, Angular)
  • 5.2.2. By Component (Crankshaft, Piston, Bearings, Others)
  • 5.2.3. By Application (Upstream Oil & Gas, Refinery, Industrial Gases, LNG & CNG Transport Storage, Ethylene & LDPE Plants)
  • 5.2.4. By End-User Industry (Chemical, Automotive, Consumer Electronics, Industrial, Others)
  • 5.2.5. By Region
  • 5.2.6. By Company (2025)
• 5.3. Market Map

6. North America Reciprocating Compressors Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Component
  • 6.2.3. By Application
  • 6.2.4. By End-User Industry
  • 6.2.5. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Reciprocating Compressors Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Component
      • 6.3.1.2.3. By Application
      • 6.3.1.2.4. By End-User Industry
  • 6.3.2. Canada Reciprocating Compressors Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Component
      • 6.3.2.2.3. By Application
      • 6.3.2.2.4. By End-User Industry
  • 6.3.3. Mexico Reciprocating Compressors Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Component
      • 6.3.3.2.3. By Application
      • 6.3.3.2.4. By End-User Industry

7. Europe Reciprocating Compressors Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Component
  • 7.2.3. By Application
  • 7.2.4. By End-User Industry
  • 7.2.5. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Reciprocating Compressors Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Component
      • 7.3.1.2.3. By Application
      • 7.3.1.2.4. By End-User Industry
  • 7.3.2. France Reciprocating Compressors Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Component
      • 7.3.2.2.3. By Application
      • 7.3.2.2.4. By End-User Industry
  • 7.3.3. United Kingdom Reciprocating Compressors Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Component
      • 7.3.3.2.3. By Application
      • 7.3.3.2.4. By End-User Industry
  • 7.3.4. Italy Reciprocating Compressors Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Component
      • 7.3.4.2.3. By Application
      • 7.3.4.2.4. By End-User Industry
  • 7.3.5. Spain Reciprocating Compressors Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Component
      • 7.3.5.2.3. By Application
      • 7.3.5.2.4. By End-User Industry

8. Asia Pacific Reciprocating Compressors Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Component
  • 8.2.3. By Application
  • 8.2.4. By End-User Industry
  • 8.2.5. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Reciprocating Compressors Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Component
      • 8.3.1.2.3. By Application
      • 8.3.1.2.4. By End-User Industry
  • 8.3.2. India Reciprocating Compressors Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Component
      • 8.3.2.2.3. By Application
      • 8.3.2.2.4. By End-User Industry
  • 8.3.3. Japan Reciprocating Compressors Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Component
      • 8.3.3.2.3. By Application
      • 8.3.3.2.4. By End-User Industry
  • 8.3.4. South Korea Reciprocating Compressors Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Component
      • 8.3.4.2.3. By Application
      • 8.3.4.2.4. By End-User Industry
  • 8.3.5. Australia Reciprocating Compressors Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Component
      • 8.3.5.2.3. By Application
      • 8.3.5.2.4. By End-User Industry

9. Middle East & Africa Reciprocating Compressors Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Component
  • 9.2.3. By Application
  • 9.2.4. By End-User Industry
  • 9.2.5. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Reciprocating Compressors Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Component
      • 9.3.1.2.3. By Application
      • 9.3.1.2.4. By End-User Industry
  • 9.3.2. UAE Reciprocating Compressors Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Component
      • 9.3.2.2.3. By Application
      • 9.3.2.2.4. By End-User Industry
  • 9.3.3. South Africa Reciprocating Compressors Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Component
      • 9.3.3.2.3. By Application
      • 9.3.3.2.4. By End-User Industry

10. South America Reciprocating Compressors Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Component
  • 10.2.3. By Application
  • 10.2.4. By End-User Industry
  • 10.2.5. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Reciprocating Compressors Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Component
      • 10.3.1.2.3. By Application
      • 10.3.1.2.4. By End-User Industry
  • 10.3.2. Colombia Reciprocating Compressors Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Component
      • 10.3.2.2.3. By Application
      • 10.3.2.2.4. By End-User Industry
  • 10.3.3. Argentina Reciprocating Compressors Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Component
      • 10.3.3.2.3. By Application
      • 10.3.3.2.4. By End-User Industry

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Reciprocating Compressors Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Ariel Corporation
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Mayekawa Mfg. Co., Ltd.
• 15.3. Gardner Denver Holdings, Inc.
• 15.4. IHI Corporation
• 15.5. Atlas Copco AB
• 15.6. SIEMENS AG
• 15.7. Burckhardt Compression Holding AG
• 15.8. Ingersoll Rand
• 15.9. Howden Group Holdings Limited
• 15.10. General Electric Company

16. Strategic Recommendations

17. About Us & Disclaimer