Market Overview:
The global CNG compressors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for natural gas as a fuel source and the rising awareness about environmental benefits of using CNG as a transportation fuel. The global CNG compressors market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into rotary type and reciprocating type compressors. Rotary type compressors are expected to hold a larger share in terms of revenue in 2018 owing to their high efficiency and low maintenance requirements. However, reciprocating type compressors are anticipated to witness higher growth rates during the forecast period due to their lower cost and easy installation process. On the basis of application, pipeline transportation accounted for majority share in 2017 owing to its widespread use across various industries such as oil & gas production, chemical processing plants etc.
Product Definition:
CNG compressors are devices that pressurize natural gas for use as a fuel. They are typically used in vehicles powered by CNG, but may also be used to provide pressure for home or business heating systems.
Rotary Type:
Rotary type compressor is a kind of reciprocating compressor which uses spinning rotor to compress the gas. It has advantages such as it can be used in applications where flow rate is not important and pressure requirement is high, this makes it an ideal choice for low-pressure and high-temperature applications.
Reciprocating Type:
Reciprocating type is a mechanical device used to convert the gas into liquid. It works by using two valves, one connected to high pressure and other to low pressure. The valve attached to high-pressure side is opened allowing the gas flow in, while that of low-pressure side is closed.
Application Insights:
Pipeline transportation was the dominant application segment and accounted for a revenue share of over 80% in 2017. The segment is projected to witness significant growth on account of increasing demand for natural gas as an energy source from various end-use industries. Growing use in residential applications such as cooking and heating is expected to augment the product demand from pipeline transportation applications during the forecast period.
The global rise in automotive production has resulted in increased usage of natural gas as fuel owing to its cleaner combustion quality compared to other fossil fuels such as diesel and gasoline. This has led to an increase in automotive manufacturers¢â‚¬â„¢ interest towards using compressed natural gas (CNG) instead of conventional gasoline or diesel fuel within their vehicles due largely towards reduced carbon emissions along with improved vehicle efficiency when compared with other fossil fuels used currently within automobiles globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing demand for natural gas from emerging economies such as China and India. The region is expected to witness significant growth over the forecast period due to rising government initiatives for using compressed natural gas in public transportation. Increasing number of CNG stations across major cities will drive regional growth over the next eight years.
Europe accounted for a significant share of revenue, attributed by growing adoption of clean energy vehicles across countries such as Germany, France, Italy and U.K., which will boost product demand in Europe's automotive sector over the forecast period. North America also held a substantial share owing to high penetration rate of CNG vehicles that accounts for approximately 15% less carbon emissions than those produced by gasoline or diesel-powered vehicles on highways and city roads across U.S.
Growth Factors:
- Increasing demand for natural gas as a fuel source for vehicles and power generation
- Government regulations and incentives favoring the use of CNG over gasoline and diesel
- Technological advancements that have made CNG compressors more efficient and reliable
- Growing number of private sector companies investing in CNG infrastructure development
- Rising global energy prices, which make the use of alternative fuels like natural gas more economically attractive
Scope Of The Report
Report Attributes
Report Details
Report Title
CNG Compressors Market Research Report
By Type
Rotary Type, Reciprocating Type
By Application
Pipeline transportation, Gas storage, Gas station, Others
By Companies
Siemens, Atlas Copco, Exterran, Ingersoll Rand, MAN Turbo, Kobelco, Wärtsilä, Galileo Technologies, Ariel Corporation, Chicago Pneumatic, Propak Systems, Bauer Compressors, Sinopec Oilfield Eouipment Corporation, Xian Shaangu Power, CIMC ENRIC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global CNG Compressors Market Report Segments:
The global CNG Compressors market is segmented on the basis of:
Types
Rotary Type, Reciprocating Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pipeline transportation, Gas storage, Gas station, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- Atlas Copco
- Exterran
- Ingersoll Rand
- MAN Turbo
- Kobelco
- Wärtsilä
- Galileo Technologies
- Ariel Corporation
- Chicago Pneumatic
- Propak Systems
- Bauer Compressors
- Sinopec Oilfield Eouipment Corporation
- Xian Shaangu Power
- CIMC ENRIC
Highlights of The CNG Compressors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rotary Type
- Reciprocating Type
- By Application:
- Pipeline transportation
- Gas storage
- Gas station
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the CNG Compressors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
CNG compressors are used to reduce the air/fuel mixture in a combustion engine. The compressed gas is then used to power an engine, typically an electric motor.
Some of the key players operating in the cng compressors market are Siemens, Atlas Copco, Exterran, Ingersoll Rand, MAN Turbo, Kobelco, WƒÂ¤rtsilƒÂ¤, Galileo Technologies, Ariel Corporation, Chicago Pneumatic, Propak Systems, Bauer Compressors, Sinopec Oilfield Eouipment Corporation, Xian Shaangu Power, CIMC ENRIC.
The cng compressors market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. CNG Compressors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. CNG Compressors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. CNG Compressors Market - Supply Chain
4.5. Global CNG Compressors Market Forecast
4.5.1. CNG Compressors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. CNG Compressors Market Size (000 Units) and Y-o-Y Growth
4.5.3. CNG Compressors Market Absolute $ Opportunity
5. Global CNG Compressors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. CNG Compressors Market Size and Volume Forecast by Type
5.3.1. Rotary Type
5.3.2. Reciprocating Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global CNG Compressors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. CNG Compressors Market Size and Volume Forecast by Application
6.3.1. Pipeline transportation
6.3.2. Gas storage
6.3.3. Gas station
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global CNG Compressors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. CNG Compressors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global CNG Compressors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. CNG Compressors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global CNG Compressors Demand Share Forecast, 2019-2026
9. North America CNG Compressors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America CNG Compressors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America CNG Compressors Market Size and Volume Forecast by Application
9.4.1. Pipeline transportation
9.4.2. Gas storage
9.4.3. Gas station
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America CNG Compressors Market Size and Volume Forecast by Type
9.7.1. Rotary Type
9.7.2. Reciprocating Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America CNG Compressors Demand Share Forecast, 2019-2026
10. Latin America CNG Compressors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America CNG Compressors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America CNG Compressors Market Size and Volume Forecast by Application
10.4.1. Pipeline transportation
10.4.2. Gas storage
10.4.3. Gas station
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America CNG Compressors Market Size and Volume Forecast by Type
10.7.1. Rotary Type
10.7.2. Reciprocating Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America CNG Compressors Demand Share Forecast, 2019-2026
11. Europe CNG Compressors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe CNG Compressors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe CNG Compressors Market Size and Volume Forecast by Application
11.4.1. Pipeline transportation
11.4.2. Gas storage
11.4.3. Gas station
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe CNG Compressors Market Size and Volume Forecast by Type
11.7.1. Rotary Type
11.7.2. Reciprocating Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potntial Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe CNG Compressors Demand Share, 2019-2026
12. Asia Pacific CNG Compressors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific CNG Compressors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific CNG Compressors Market Size and Volume Forecast by Application
12.4.1. Pipeline transportation
12.4.2. Gas storage
12.4.3. Gas station
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific CNG Compressors Market Size and Volume Forecast by Type
12.7.1. Rotary Type
12.7.2. Reciprocating Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific CNG Compressors Demand Share, 2019-2026
13. Middle East & Africa CNG Compressors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa CNG Compressors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa CNG Compressors Market Size and Volume Forecast by Application
13.4.1. Pipeline transportation
13.4.2. Gas storage
13.4.3. Gas station
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa CNG Compressors Market Size and Volume Forecast by Type
13.7.1. Rotary Type
13.7.2. Reciprocating Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa CNG Compressors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global CNG Compressors Market: Market Share Analysis
14.2. CNG Compressors Distributors and Customers
14.3. CNG Compressors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siemens
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Atlas Copco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Exterran
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ingersoll Rand
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MAN Turbo
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kobelco
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wärtsilä
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Galileo Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ariel Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Chicago Pneumatic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Propak Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bauer Compressors
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sinopec Oilfield Eouipment Corporation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Xian Shaangu Power
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. CIMC ENRIC
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
