Scope of the Study
Gas Compressors are mechanical devices that increase the pressure of a gas by reducing its volume. Gas Compressors are basically similar to pumps, both increase the pressure on a fluid and both can transport the fluid through a pipe. As gases are compressible, the compressor also reduces the volume of a gas. They are used in many different applications from everyday items such as vacuum cleaners, automobiles, and air conditioners to large industrial scale compressors for chemical processing, jet engine propulsion, and natural gas processing and transmission. This has projected the growth of the global gas compressors market in the forecast period.
The market study is being classified by Type (Positive Displacement (Reciprocating, Rotary) and Dynamic Displacement (Centrifugal, Axial)), by Application (Upstream, Midstream and Downstream) and major geographies with country level break-up.
Ariel Corporation (United States), Atlas Copco AB (Sweden), General Electric (United States), Siemens AG (Germany), Bauer Compressors Inc. (United States), Burckhardt Compression AG (Switzerland), Gardner Denver Inc. (United States), HMS Group (Russia), Howden Group Ltd (united Kingdom) and Ingersoll Rand PLC (Ireland) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are CHKZ LLC (Russia).
The Manufacturers having a strong hold in the market are Ariel Corporation, Atlas Copco AB, and General Electric. Research Analyst at AMA predicts that United States and European Manufacturers will contribute to the maximum growth of Global Gas Compressors market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Gas Compressors market by Type, Application and Region.
On the basis of geography, the market of Gas Compressors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Oil and gas industry is the major driver of the global gas compressor market. Gas compressor demand in the midstream oil and gas industry is also expected to grow with the increase in exports and imports by gas producing countries such as the United States and Russia and gas-consuming countries such as China, India and the European countries respectively.
- Rising of CNG Outlets in the Developed and Developing Economies
- Fluctuating Raw Material Prices
- Increasing High-Performance Compressors for Petrochemical and Natural Gas Industry
- Growing Demand for Natural Gas in the Developing Economies Such as China and India
On 11th April 2019, Siemens has announced that the company has supply three Dresser-Rand 5HHE-VL-3NL reciprocating compressors to the new state-of-the-art steam methane reformer (SMR) in Texas., and On 11th January, Onboard Dynamics has announced the launch of its GoFlo CNG-80 mobile natural gas compressor for commercial use. To meet the anticipated worldwide demand, ObDI has formed a strategic business relationship with Linamar Corporation.
Key Target AudienceCompressors Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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