Market Overview:
The global gas 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 across the globe and rising investments in petrochemical and coal chemical industries. The global gas compressors market is segmented on the basis of type, application, and region. On the basis of type, it is divided into centrifugal type, reciprocating type, screw type, and others. The centrifugal compressor segment dominates the global gas compressors market with a share of more than 50%. This can be attributed to its high efficiency and low maintenance cost as compared to other types of compressor technologies available in the market. On account of growing demand for natural gas across various end-use industries such as power generation, petrochemicals industry etc.
Product Definition:
Gas compressors are machines that use pressure to increase the density of a gas. This increased density can be used to do things like power an engine or move fluid through a pipeline.
Centrifugal Type:
Centrifugal type is a gas compressor which has rotating impeller for compressing the gas to high pressure and speed. It can be used in various applications such as industrial, automobile, power generation industries and medical industries. The centrifugal type is widely used in natural gas compressors owing to its advantages such as less operating cost, simple structure & design and easy maintenance.
Reciprocating Type:
Reciprocating type is a mechanical device used to convert the linear motion of a piston into circular motion. It is mainly used in gas compressors for efficient working. The reciprocating compressor works on the principle of leverage and uses two pistons which are connected by a common stroke mechanism. One piston acts as positive while other acts as negative, hence the name reciprocating compressor.
Application Insights:
Petrochemical industry was the largest application segment in 2017 and is expected to grow at a CAGR of XX% over the forecast period. The natural gas industry is also one of the major users of these compressors owing to its growing demand for natural gas from shale reserves across North America and Europe. Growing demand for LNG as an energy carrier in various industries such as power generation, fertilizer production, steel manufacturing has augmented market growth over recent years.
The use of natural gas in coal chemical industry is projected to witness significant growth on account of increasing utilization rates and rising product demand from various end-use industries including cement manufacturing, iron & steel making etc.
Regional Analysis:
Asia Pacific dominated the global gas compressors market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major economies, such as China, India, Japan and South Korea. Increasing industrialization coupled with rapid economic growth in these countries has led to an increase in demand for energy resources resulting into increased utilization of compressors.
The Asia Pacific was followed by Europe which accounted for a share of 24% in terms of revenue owing to high demand from end-user industries including natural gas compression; petrochemical; coal chemical; power generation sectors across this region. North America also had a significant market share owing to growing shale gas production along with increasing need for enhanced oil recovery activities that are likely drive regional product demand over the next eight years or so.
Growth Factors:
- Increasing demand for natural gas from various end-use industries such as power generation, fertilizer production, and petrochemical industry is expected to drive the growth of gas compressors market over the forecast period.
- Rising investments in oil & gas exploration and production activities are also anticipated to boost the demand for gas compressors across the globe.
- Growing popularity of LNG as a cleaner fuel is another key factor that is expected to propel the growth of global gas compressors market in near future.
- Technological advancements in compressor design and manufacturing processes are likely to create new opportunities for players operating in this market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas Compressors Market Research Report
By Type
Centrifugal Type, Reciprocating Type, Screw Type, Others
By Application
Natural gas industry, Petrochemical Industry, Coal chemical industry, Others
By Companies
GE, ARIEL, Dresser-Rand, Atlas Copco, Burckhardt, Ingersoll Rand, HMS Group, Gardner Denver, Accudyne, Kobelco, BAUER, CHKZ LLC, Blower works, Kaishan
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Gas Compressors Market Report Segments:
The global Gas Compressors market is segmented on the basis of:
Types
Centrifugal Type, Reciprocating Type, Screw Type, Others
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
Natural gas industry, Petrochemical Industry, Coal chemical industry, 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:
- GE
- ARIEL
- Dresser-Rand
- Atlas Copco
- Burckhardt
- Ingersoll Rand
- HMS Group
- Gardner Denver
- Accudyne
- Kobelco
- BAUER
- CHKZ LLC
- Blower works
- Kaishan
Highlights of The Gas 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:
- Centrifugal Type
- Reciprocating Type
- Screw Type
- Others
- By Application:
- Natural gas industry
- Petrochemical Industry
- Coal chemical industry
- 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 Gas 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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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?
A gas compressor is a machine that uses atmospheric pressure to increase the volume of a gas.
Some of the major companies in the gas compressors market are GE, ARIEL, Dresser-Rand, Atlas Copco, Burckhardt, Ingersoll Rand, HMS Group, Gardner Denver, Accudyne, Kobelco, BAUER, CHKZ LLC, Blower works, Kaishan.
The gas 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. Gas 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. Gas Compressors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gas Compressors Market - Supply Chain
4.5. Global Gas Compressors Market Forecast
4.5.1. Gas Compressors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gas Compressors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gas Compressors Market Absolute $ Opportunity
5. Global Gas 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. Gas Compressors Market Size and Volume Forecast by Type
5.3.1. Centrifugal Type
5.3.2. Reciprocating Type
5.3.3. Screw Type
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gas 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. Gas Compressors Market Size and Volume Forecast by Application
6.3.1. Natural gas industry
6.3.2. Petrochemical Industry
6.3.3. Coal chemical industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gas 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. Gas 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 Gas 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. Gas 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 Gas Compressors Demand Share Forecast, 2019-2026
9. North America Gas 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 Gas 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 Gas Compressors Market Size and Volume Forecast by Application
9.4.1. Natural gas industry
9.4.2. Petrochemical Industry
9.4.3. Coal chemical industry
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 Gas Compressors Market Size and Volume Forecast by Type
9.7.1. Centrifugal Type
9.7.2. Reciprocating Type
9.7.3. Screw Type
9.7.4. Others
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 Gas Compressors Demand Share Forecast, 2019-2026
10. Latin America Gas 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 Gas 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 Gas Compressors Market Size and Volume Forecast by Application
10.4.1. Natural gas industry
10.4.2. Petrochemical Industry
10.4.3. Coal chemical industry
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 Gas Compressors Market Size and Volume Forecast by Type
10.7.1. Centrifugal Type
10.7.2. Reciprocating Type
10.7.3. Screw Type
10.7.4. Others
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 Gas Compressors Demand Share Forecast, 2019-2026
11. Europe Gas 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 Gas 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 Gas Compressors Market Size and Volume Forecast by Application
11.4.1. Natural gas industry
11.4.2. Petrochemical Industry
11.4.3. Coal chemical industry
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 Gas Compressors Market Size and Volume Forecast by Type
11.7.1. Centrifugal Type
11.7.2. Reciprocating Type
11.7.3. Screw Type
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential 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 Gas Compressors Demand Share, 2019-2026
12. Asia Pacific Gas 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 Gas 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 Gas Compressors Market Size and Volume Forecast by Application
12.4.1. Natural gas industry
12.4.2. Petrochemical Industry
12.4.3. Coal chemical industry
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 Gas Compressors Market Size and Volume Forecast by Type
12.7.1. Centrifugal Type
12.7.2. Reciprocating Type
12.7.3. Screw Type
12.7.4. Others
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 Gas Compressors Demand Share, 2019-2026
13. Middle East & Africa Gas 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 Gas 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 Gas Compressors Market Size and Volume Forecast by Application
13.4.1. Natural gas industry
13.4.2. Petrochemical Industry
13.4.3. Coal chemical industry
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 Gas Compressors Market Size and Volume Forecast by Type
13.7.1. Centrifugal Type
13.7.2. Reciprocating Type
13.7.3. Screw Type
13.7.4. Others
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 Gas Compressors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Gas Compressors Market: Market Share Analysis
14.2. Gas Compressors Distributors and Customers
14.3. Gas Compressors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ARIEL
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dresser-Rand
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Atlas Copco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Burckhardt
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ingersoll Rand
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. HMS Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gardner Denver
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Accudyne
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kobelco
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BAUER
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CHKZ LLC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Blower works
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kaishan
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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