Market Overview:
The global natural gas compressor 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 compressed natural gas (CNG) as a fuel for vehicles and rising investments in petrochemical and industrial manufacturing plants. The centrifugal type segment is expected to dominate the global natural gas compressor market during the forecast period, owing to its high efficiency and low maintenance costs. The reciprocating type segment is projected to grow at a higher CAGR than other types of compressors due to its ability to handle large volumes of gas with high pressure levels. The CNG filling station application segment is estimated account for majority share of the global natural gas compressor market in 2018, followed by petroleum refineries factory, processing/chemical plants, industrial manufacturing and others segments respectively.
Product Definition:
A natural gas compressor is a device used to increase the pressure of natural gas. This is important because it allows the gas to be transported through pipelines at a higher pressure, which means it can travel farther and be delivered to more customers.
Centrifugal Type:
Centrifugal type compressor is used to increase the pressure of gas by reducing its volume. It works on the principle of centrifugal force which increases as the speed of rotating object increases. The gas thus compressed is directed into outlet at high velocity and low pressure, this process is called as centrifugation. Centrifugal compressor has higher power than axial type but lower power than radial type, it can be used for both stationary and portable applications due to its light weight characteristics.
Reciprocating Type:
Reciprocating type is also known as rotary compressor. It's a mechanical device used for increasing the pressure of gas by reducing its volume. In this process, air is forced into a closed chamber where it is changed from one state to another (from low pressure to high). This change in state can be done because of two reasons: because of decrease in barometric pressure or due to compression themselves.
Application Insights:
The processing/chemical plants segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The application of compressors at these plants aids in cost-saving as well as energy-efficient operations. Natural gas has an extensive use in chemical manufacturing, which provides a major impetus towards its demand across various end-use industries worldwide.
Petroleum refineries are expected to be one of the fastest growing end-use industries owing to rising demand for CNG from automobiles and trucks coupled with low prices of gasoline and diesel fuel globally over the past few years. Compressors help reduce unrefined or crude oil into a liquid form that can be used by engines, thereby reducing pollution along with increasing fuel efficiency across vehicles operating on natural gas as compared to those fueled by petroleum products such as gasoline or diesel fuels.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of more than 60% in 2017 owing to increasing demand from end-user industries, such as petroleum refining, food & beverage, automotive and others. China is projected to remain a key consumer due to rapid industrialization along with growing transportation sector.
The European natural gas compressor market is anticipated to witness significant growth over the forecast period owing to rising demand from end-use industries coupled with stringent government regulations regarding carbon emission in countries like Germany and France. Russia accounted for around 25% of Europe’s natural gas compressor production capacity in 2016 on account of factors like low capital cost involved along with availability of skilled labor force at affordable costs.
Growth Factors:
- Increasing demand for natural gas from various industrial and commercial sectors
- Rapid expansion of pipeline infrastructure in the U.S., Europe, and Asia Pacific
- Proliferation of LNG terminals and increasing trade in liquefied natural gas (LNG)
- Rising investment in shale gas exploration and development activities
- Growing popularity of compressed natural gas (CNG) as a transportation fuel
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Gas Compressor Market Research Report
By Type
Centrifugal Type, Reciprocating Type, Screw Type
By Application
CNG Filling Station, Petroleum Refineries Factory, Processing/Chemical Plants, Industrial Manufacturing, Others
By Companies
Ariel Corporation, Ingersoll Rand, Bauer Compressors, Atlas Copco, Siemens, General Electric, Fornovo Gas, Quincy, Aerotecnica Coltri, Man Diesel & Turbo, Ebara Corporation, Tianyi, Kerui, Jereh, Kaishan Group, Shenyang Blower, Xi’an Shaangu Power, Sichuan Jinxing
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Natural Gas Compressor Market Report Segments:
The global Natural Gas Compressor market is segmented on the basis of:
Types
Centrifugal Type, Reciprocating Type, Screw 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
CNG Filling Station, Petroleum Refineries Factory, Processing/Chemical Plants, Industrial Manufacturing, 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:
- Ariel Corporation
- Ingersoll Rand
- Bauer Compressors
- Atlas Copco
- Siemens
- General Electric
- Fornovo Gas
- Quincy
- Aerotecnica Coltri
- Man Diesel & Turbo
- Ebara Corporation
- Tianyi
- Kerui
- Jereh
- Kaishan Group
- Shenyang Blower
- Xi’an Shaangu Power
- Sichuan Jinxing
Highlights of The Natural Gas 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:
- Centrifugal Type
- Reciprocating Type
- Screw Type
- By Application:
- CNG Filling Station
- Petroleum Refineries Factory
- Processing/Chemical Plants
- Industrial Manufacturing
- 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 Natural Gas 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.
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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 compressor is a machine that helps to increase the air pressure in an enclosed space. This is done by using a piston and cylinder arrangement.
Some of the major players in the natural gas compressor market are Ariel Corporation, Ingersoll Rand, Bauer Compressors, Atlas Copco, Siemens, General Electric, Fornovo Gas, Quincy, Aerotecnica Coltri, Man Diesel & Turbo, Ebara Corporation, Tianyi, Kerui, Jereh, Kaishan Group, Shenyang Blower, Xi¢â‚¬â„¢an Shaangu Power, Sichuan Jinxing.
The natural gas compressor 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. Natural Gas Compressor 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. Natural Gas Compressor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Natural Gas Compressor Market - Supply Chain
4.5. Global Natural Gas Compressor Market Forecast
4.5.1. Natural Gas Compressor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Natural Gas Compressor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Natural Gas Compressor Market Absolute $ Opportunity
5. Global Natural Gas Compressor 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. Natural Gas Compressor Market Size and Volume Forecast by Type
5.3.1. Centrifugal Type
5.3.2. Reciprocating Type
5.3.3. Screw Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Natural Gas Compressor 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. Natural Gas Compressor Market Size and Volume Forecast by Application
6.3.1. CNG Filling Station
6.3.2. Petroleum Refineries Factory
6.3.3. Processing/Chemical Plants
6.3.4. Industrial Manufacturing
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Natural Gas Compressor 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. Natural Gas Compressor 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 Natural Gas Compressor 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. Natural Gas Compressor 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 Natural Gas Compressor Demand Share Forecast, 2019-2026
9. North America Natural Gas Compressor 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 Natural Gas Compressor 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 Natural Gas Compressor Market Size and Volume Forecast by Application
9.4.1. CNG Filling Station
9.4.2. Petroleum Refineries Factory
9.4.3. Processing/Chemical Plants
9.4.4. Industrial Manufacturing
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Natural Gas Compressor Market Size and Volume Forecast by Type
9.7.1. Centrifugal Type
9.7.2. Reciprocating Type
9.7.3. Screw 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 Natural Gas Compressor Demand Share Forecast, 2019-2026
10. Latin America Natural Gas Compressor 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 Natural Gas Compressor 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 Natural Gas Compressor Market Size and Volume Forecast by Application
10.4.1. CNG Filling Station
10.4.2. Petroleum Refineries Factory
10.4.3. Processing/Chemical Plants
10.4.4. Industrial Manufacturing
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Natural Gas Compressor Market Size and Volume Forecast by Type
10.7.1. Centrifugal Type
10.7.2. Reciprocating Type
10.7.3. Screw 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 Natural Gas Compressor Demand Share Forecast, 2019-2026
11. Europe Natural Gas Compressor 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 Natural Gas Compressor 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 Natural Gas Compressor Market Size and Volume Forecast by Application
11.4.1. CNG Filling Station
11.4.2. Petroleum Refineries Factory
11.4.3. Processing/Chemical Plants
11.4.4. Industrial Manufacturing
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Natural Gas Compressor Market Size and Volume Forecast by Type
11.7.1. Centrifugal Type
11.7.2. Reciprocating Type
11.7.3. Screw Type
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 Natural Gas Compressor Demand Share, 2019-2026
12. Asia Pacific Natural Gas Compressor 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 Natural Gas Compressor 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 Natural Gas Compressor Market Size and Volume Forecast by Application
12.4.1. CNG Filling Station
12.4.2. Petroleum Refineries Factory
12.4.3. Processing/Chemical Plants
12.4.4. Industrial Manufacturing
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Natural Gas Compressor Market Size and Volume Forecast by Type
12.7.1. Centrifugal Type
12.7.2. Reciprocating Type
12.7.3. Screw 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 Natural Gas Compressor Demand Share, 2019-2026
13. Middle East & Africa Natural Gas Compressor 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 Natural Gas Compressor 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 Natural Gas Compressor Market Size and Volume Forecast by Application
13.4.1. CNG Filling Station
13.4.2. Petroleum Refineries Factory
13.4.3. Processing/Chemical Plants
13.4.4. Industrial Manufacturing
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Natural Gas Compressor Market Size and Volume Forecast by Type
13.7.1. Centrifugal Type
13.7.2. Reciprocating Type
13.7.3. Screw 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 Natural Gas Compressor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Natural Gas Compressor Market: Market Share Analysis
14.2. Natural Gas Compressor Distributors and Customers
14.3. Natural Gas Compressor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ariel Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ingersoll Rand
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bauer Compressors
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. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. General Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fornovo Gas
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Quincy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Aerotecnica Coltri
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Man Diesel & Turbo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ebara Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tianyi
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kerui
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Jereh
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kaishan Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shenyang Blower
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Xian Shaangu Power
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Sichuan Jinxing
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
