Market Overview:
The global liquefied natural gas (LNG) compressor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LNG as a fuel source and the rising number of LNG terminals across the globe. The global liquefied natural gas (LNG) compressor market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into vertically-split barrel compressors, horizontally-split barrel compressors, and axial compressors. The axial compressor segment is expected to grow at a CAGR of 6% from 2018 to 2030 owing to its high efficiency and low noise levels. On the basis of application, medium pressure applications are expected to dominatethe global LNG compressor market with a shareof more than 50%. Low pressure applications are also anticipatedto witness significant growth duringthe forecast period owingto their growing popularity in emerging economies such as Chinaand India .On th ebasis o fregion , t he North America region dominates themarket witha shareof more than 30%.
 Compressor Industry Outlook.svg)
Product Definition:
A liquefied natural gas (LNG) compressor is a device that compresses natural gas so that it can be transported in liquid form. LNG compressors are important for the development of the LNG industry, as they allow companies to transport large quantities of natural gas over long distances.
Vertically-split Barrel:
Vertically-split barrel is a device that is used to reduce the gas pressure in the middle of a pipe. It works by creating two separate pathways for gas to flow through, with one pathway being lower than the other.
Horizontally-split:
Horizontally-split is a type of compressor which is used to increase the volumetric efficiency by reducing the rotational speed. It's structure consists of two rotating discs with airfoil between them, whose rotation can be controlled by a screw. The airfoil helps in minimizing pressure losses due to friction and also increases the overall efficiency of Compressor.
Application Insights:
Based on application, the global market has been segmented into medium pressure and low pressure. The medium-pressure segment dominated the overall industry in terms of revenue in 2017. Medium-pressure compressors are widely used for residential applications as they produce lower sound levels than high or ultra-high pressure compressors. In addition, these units consume less energy and incur lower maintenance costs when compared to other types of compressors.
The low-pressure segment is expected to witness significant growth over the forecast period owing to increasing demand from industrial applications such as petrochemical plants, oil refineries and chemical plants among others which use natural gas as a fuel source along with coal or petroleum derivatives.
Regional Analysis:
Asia Pacific accounted for the largest share of more than 45% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for natural gas as a fuel and its wide usage in industrial applications. China, Australia, India, South Korea, Japan are some of the major consumers of LNG globally.
North America emerged as one of the major consumers owing to high demand from end-use industries such as chemical manufacturing and power generation coupled with growing need from residential sector due to low prices offered by competitors based outsource locations such as Middle East & Africa (MEA). MEA has also been witnessing an increase in consumption since it is being considered a bridge fuel between oil and coal plants replacing up to 8 million tons per year coal plant emissions annually which will further enhance market penetration prospects over next eight years.
Growth Factors:
- Increasing demand for LNG as a fuel source in transportation and power generation sectors
- Growing popularity of LNG as an alternative to traditional fuels such as diesel and petrol
- Proliferation of LNG infrastructure, including terminals and pipelines, across the globe
- Rising investment in LNG projects by governments and private players
- Technological advancements that are making liquefaction and transport of natural gas more efficient
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquefied Natural Gas (LNG) Compressor Market Research Report
By Type
Vertically-split Barrel, Horizontally-split, Axial Compressors
By Application
Medium Pressure, Low Pressure
By Companies
Seimens, Mitsubishi Heavy Industries, EagleBurgmann, General Electric Company, Elliott Company, Kobelco Compressors America, IMW Industries, Seimens
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
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Liquefied Natural Gas (LNG) Compressor Market Report Segments:
The global Liquefied Natural Gas (LNG) Compressor market is segmented on the basis of:
Types
Vertically-split Barrel, Horizontally-split, Axial 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
Medium Pressure, Low Pressure
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:
- Seimens
- Mitsubishi Heavy Industries
- EagleBurgmann
- General Electric Company
- Elliott Company
- Kobelco Compressors America
- IMW Industries
- Seimens
 Compressor Market Overview.svg)
Highlights of The Liquefied Natural Gas (LNG) 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:
- Vertically-split Barrel
- Horizontally-split
- Axial Compressors
- By Application:
- Medium Pressure
- Low Pressure
- 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 Liquefied Natural Gas (LNG) 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
 Compressor Market Statistics.svg)
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 liquefied natural gas compressor is a machine that helps to compress the natural gas so it can be used as fuel.
Some of the major companies in the liquefied natural gas (lng) compressor market are Seimens, Mitsubishi Heavy Industries, EagleBurgmann, General Electric Company, Elliott Company, Kobelco Compressors America, IMW Industries, Seimens.
The liquefied natural gas (lng) 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 Liquefied Natural Gas (LNG) 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 Liquefied Natural Gas (LNG) Compressor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Liquefied Natural Gas (LNG) 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 Liquefied Natural Gas (LNG) 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 Liquefied Natural Gas (LNG) Compressor Market Size & Forecast, 2018-2028
4.5.1 Liquefied Natural Gas (LNG) Compressor Market Size and Y-o-Y Growth
4.5.2 Liquefied Natural Gas (LNG) Compressor Market Absolute $ Opportunity
Chapter 5 Global Liquefied Natural Gas (LNG) 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 Liquefied Natural Gas (LNG) Compressor Market Size Forecast by Type
5.2.1 Vertically-split Barrel
5.2.2 Horizontally-split
5.2.3 Axial Compressors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Liquefied Natural Gas (LNG) 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 Liquefied Natural Gas (LNG) Compressor Market Size Forecast by Applications
6.2.1 Medium Pressure
6.2.2 Low Pressure
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Liquefied Natural Gas (LNG) 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 Liquefied Natural Gas (LNG) 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 Liquefied Natural Gas (LNG) Compressor Analysis and Forecast
9.1 Introduction
9.2 North America Liquefied Natural Gas (LNG) 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 Liquefied Natural Gas (LNG) Compressor Market Size Forecast by Type
9.6.1 Vertically-split Barrel
9.6.2 Horizontally-split
9.6.3 Axial 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 Liquefied Natural Gas (LNG) Compressor Market Size Forecast by Applications
9.10.1 Medium Pressure
9.10.2 Low Pressure
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 Liquefied Natural Gas (LNG) Compressor Analysis and Forecast
10.1 Introduction
10.2 Europe Liquefied Natural Gas (LNG) 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 Liquefied Natural Gas (LNG) Compressor Market Size Forecast by Type
10.6.1 Vertically-split Barrel
10.6.2 Horizontally-split
10.6.3 Axial 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 Liquefied Natural Gas (LNG) Compressor Market Size Forecast by Applications
10.10.1 Medium Pressure
10.10.2 Low Pressure
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 Liquefied Natural Gas (LNG) Compressor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Liquefied Natural Gas (LNG) 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 Liquefied Natural Gas (LNG) Compressor Market Size Forecast by Type
11.6.1 Vertically-split Barrel
11.6.2 Horizontally-split
11.6.3 Axial 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 Liquefied Natural Gas (LNG) Compressor Market Size Forecast by Applications
11.10.1 Medium Pressure
11.10.2 Low Pressure
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 Liquefied Natural Gas (LNG) Compressor Analysis and Forecast
12.1 Introduction
12.2 Latin America Liquefied Natural Gas (LNG) 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 Liquefied Natural Gas (LNG) Compressor Market Size Forecast by Type
12.6.1 Vertically-split Barrel
12.6.2 Horizontally-split
12.6.3 Axial 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 Liquefied Natural Gas (LNG) Compressor Market Size Forecast by Applications
12.10.1 Medium Pressure
12.10.2 Low Pressure
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) Liquefied Natural Gas (LNG) Compressor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Liquefied Natural Gas (LNG) 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) Liquefied Natural Gas (LNG) Compressor Market Size Forecast by Type
13.6.1 Vertically-split Barrel
13.6.2 Horizontally-split
13.6.3 Axial 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) Liquefied Natural Gas (LNG) Compressor Market Size Forecast by Applications
13.10.1 Medium Pressure
13.10.2 Low Pressure
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 Liquefied Natural Gas (LNG) Compressor Market: Competitive Dashboard
14.2 Global Liquefied Natural Gas (LNG) Compressor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Seimens
14.3.2 Mitsubishi Heavy Industries
14.3.3 EagleBurgmann
14.3.4 General Electric Company
14.3.5 Elliott Company
14.3.6 Kobelco Compressors America
14.3.7 IMW Industries
14.3.8 Seimens
