Market Overview:
The Global BOG Compressor Market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for low-temperature gases and petrochemical & chemical gases. The reciprocating compressors segment is expected to dominate the market during the forecast period, owing to its high efficiency and low maintenance cost.
Product Definition:
BOG compressor is a type of gas compressor that is used to compress natural gas. This type of compressor is important because it helps to move the natural gas from the wellhead to the pipeline.
Reciprocating Compressors:
Reciprocating compressors are used to reduce the volume of a gas or vapor and thus, provide pressure. These equipment are mainly used in oil & gas industry for various applications such as production, refining, processing and transportation. The growth factor in this market is driven by factors such as rising demand for natural gas coupled with increasing requirement for crude oil processing across the globe.
Labyrinth Compressors:
Labyrinth compressors are centrifugal compressors with a concave curved rotor. The design of these products is based on the principle of minimum area enclosed by the curve, which results in high efficiency and low rotational speed. These products have advantages such as small size, light weight, and low operating costs which make them suitable for use in applications where high-pressure losses are acceptable or when space is at a premium.
The increasing demand for compact equipment that offers improved reliability.
Application Insights:
Petrochemical and chemical gases segment led the global BOG compressor market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for petrochemical products across various industries, such as oil & gas, pharmaceuticals, food & beverage and others. Petrochemical gases are required to operate plants efficiently but require very high compression ratios for efficient transportation and storage of these gaseous compounds. This has resulted in growing demand for BOG compressors that can provide higher efficiency with lower operating costs than other types of compressors commonly used today.
Refining process gases and natural gas processing application segments are also expected to witness significant growth during the forecast period due largelyto increasing investments by companies involved in refining crude oil into petroleum products like diesel, gasoline and different grades of heating fuels including jet fuel (JP4), kerosene (LPG) and lubricating oils (LOX).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major petrochemical companies such as BASF, Sinopec, and Chevron. These companies are investing huge amounts in expanding their capacities for producing plastics and other petrochemicals products owing to which demand for BOG compressors has increased significantly.
The Middle East & Africa accounted for a significant share of revenue in 2017 due to increasing oil & gas production mainly from Saudi Arabia, UAE, Iran, Kuwait etc., coupled with growing refining activities across these countries. In addition there are several offshore projects coming up such as Khurais field off Al-Shaheen coast (Abu Dhabi), Qidfa project (UAE) that will boost production further driving regional growth over the next eight years.
Growth Factors:
- Increasing demand for compressed air in various industries
- Growing investments in manufacturing and processing sectors
- Rising adoption of energy-efficient technologies
- Proliferation of rental services for compressed air systems
- Technological advancements and innovations
Scope Of The Report
Report Attributes
Report Details
Report Title
BOG Compressor Market Research Report
By Type
Reciprocating Compressors, Labyrinth Compressors
By Application
Cryogenic & Other Low-Temperature Gases, Petrochemical & Chemical Gases, Refining Process Gases & Natural Gas Processing
By Companies
Atlas Copco, NEUMAN＆ESSER, SIAD Macchine Impianti, Elliott (Ebara Corporation), IHI Rotating Machinery Engineering, Siemens, Shenyang Yuanda Compressor, Simms Machinery International, BORSIG ZM Compression
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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global BOG Compressor Market Report Segments:
The global BOG Compressor market is segmented on the basis of:
Types
Reciprocating Compressors, Labyrinth Compressors
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
Cryogenic & Other Low-Temperature Gases, Petrochemical & Chemical Gases, Refining Process Gases & Natural Gas Processing
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:
- Atlas Copco
- NEUMAN＆ESSER
- SIAD Macchine Impianti
- Elliott (Ebara Corporation)
- IHI Rotating Machinery Engineering
- Siemens
- Shenyang Yuanda Compressor
- Simms Machinery International
- BORSIG ZM Compression
Highlights of The BOG Compressor 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:
- Reciprocating Compressors
- Labyrinth Compressors
- By Application:
- Cryogenic & Other Low-Temperature Gases
- Petrochemical & Chemical Gases
- Refining Process Gases & Natural Gas Processing
- 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 BOG Compressor 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
BOG Compressor is a software that helps you compress your audio files. It can reduce the size of your audio files by up to 90%.
Some of the key players operating in the bog compressor market are Atlas Copco, NEUMAN＆ESSER, SIAD Macchine Impianti, Elliott (Ebara Corporation), IHI Rotating Machinery Engineering, Siemens, Shenyang Yuanda Compressor, Simms Machinery International, BORSIG ZM Compression.
The bog compressor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 BOG Compressor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 BOG Compressor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 BOG Compressor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the BOG Compressor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global BOG Compressor Market Size & Forecast, 2018-2028
4.5.1 BOG Compressor Market Size and Y-o-Y Growth
4.5.2 BOG Compressor Market Absolute $ Opportunity
Chapter 5 Global BOG Compressor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 BOG Compressor Market Size Forecast by Type
5.2.1 Reciprocating Compressors
5.2.2 Labyrinth Compressors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global BOG Compressor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 BOG Compressor Market Size Forecast by Applications
6.2.1 Cryogenic & Other Low-Temperature Gases
6.2.2 Petrochemical & Chemical Gases
6.2.3 Refining Process Gases & Natural Gas Processing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global BOG Compressor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 BOG Compressor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America BOG Compressor Analysis and Forecast
9.1 Introduction
9.2 North America BOG Compressor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America BOG Compressor Market Size Forecast by Type
9.6.1 Reciprocating Compressors
9.6.2 Labyrinth Compressors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America BOG Compressor Market Size Forecast by Applications
9.10.1 Cryogenic & Other Low-Temperature Gases
9.10.2 Petrochemical & Chemical Gases
9.10.3 Refining Process Gases & Natural Gas Processing
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe BOG Compressor Analysis and Forecast
10.1 Introduction
10.2 Europe BOG Compressor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe BOG Compressor Market Size Forecast by Type
10.6.1 Reciprocating Compressors
10.6.2 Labyrinth Compressors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe BOG Compressor Market Size Forecast by Applications
10.10.1 Cryogenic & Other Low-Temperature Gases
10.10.2 Petrochemical & Chemical Gases
10.10.3 Refining Process Gases & Natural Gas Processing
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific BOG Compressor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific BOG Compressor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific BOG Compressor Market Size Forecast by Type
11.6.1 Reciprocating Compressors
11.6.2 Labyrinth Compressors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific BOG Compressor Market Size Forecast by Applications
11.10.1 Cryogenic & Other Low-Temperature Gases
11.10.2 Petrochemical & Chemical Gases
11.10.3 Refining Process Gases & Natural Gas Processing
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America BOG Compressor Analysis and Forecast
12.1 Introduction
12.2 Latin America BOG Compressor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America BOG Compressor Market Size Forecast by Type
12.6.1 Reciprocating Compressors
12.6.2 Labyrinth Compressors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America BOG Compressor Market Size Forecast by Applications
12.10.1 Cryogenic & Other Low-Temperature Gases
12.10.2 Petrochemical & Chemical Gases
12.10.3 Refining Process Gases & Natural Gas Processing
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) BOG Compressor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) BOG Compressor Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) BOG Compressor Market Size Forecast by Type
13.6.1 Reciprocating Compressors
13.6.2 Labyrinth Compressors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) BOG Compressor Market Size Forecast by Applications
13.10.1 Cryogenic & Other Low-Temperature Gases
13.10.2 Petrochemical & Chemical Gases
13.10.3 Refining Process Gases & Natural Gas Processing
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 BOG Compressor Market: Competitive Dashboard
14.2 Global BOG Compressor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atlas Copco
14.3.2 NEUMAN＆ESSER
14.3.3 SIAD Macchine Impianti
14.3.4 Elliott (Ebara Corporation)
14.3.5 IHI Rotating Machinery Engineering
14.3.6 Siemens
14.3.7 Shenyang Yuanda Compressor
14.3.8 Simms Machinery International
14.3.9 BORSIG ZM Compression
