Gas Compressor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Gas compressor is a mechanical device that reduces the volume of a gas by pressurizing it. A compressor and a pump are similar; they can apply the pressure on fluid and transport it through a pipe. Gas compressor is employed when there is a need of high pressure or lower volume of gas. Various gases such as air, nitrogen, ethylene, carbon dioxide, helium, and natural gas are used in gas compressors.
There are two types of gas compressors: positive displacement compressors and dynamic compressors. Positive displacement compressors are further distinguished as reciprocating and rotary compressors. Dynamic compressors can also be categorized into centrifugal compressors and axial compressors. Depending upon the type, gas compressors are employed in a wide range of applications in various industries such as steel, automobile, chemicals, electronics, pharmaceutical, and petroleum & petrochemical refining. However, the basic application area of pressurizing the gas and reducing its volume remains the same.
Demand for energy has increased over the last two decades due to the rise in population across the globe. In the midst of higher fuel consumption, natural gas is emerging as the preferred fuel owing to its clean energy output compared to its counterparts (i.e. oil). Thus, demand for gas compressors is expected to increase in the near future, thereby indicating enhanced opportunities for the gas compressor market.
Apart from natural gas, the usage of LNG, CNG, and LPG has been rising. This acts as a driver of the gas compressor market. Stringent emission norms and regulations is one of the key drivers of the gas compressor market. Awareness about global warming and greenhouse gas emission has boosted the efforts to find substitute for coal and oil dependent energy consumption. Natural gas is a clean source of energy vis-à-vis coal and oil. It can also replace coal and oil in various applications, primarily in power generation and vehicles. Most countries across the world prefer LNG and CNG in vehicles. Thus, LNG and CNG act as substitutes for gasoline and diesel.
North America is anticipated to dominate the gas compressor market during the forecast period. Technologically, the region is well developed and experiences significant energy consumption. Furthermore, the demand for energy is estimated to shift from oil to gas due to the recent discovery of shale gas in the region. Asia Pacific is also a lucrative region of the gas compressor market. It has the highest population in the world and countries such as China, India, Malaysia, and Indonesia are experiencing strong economic growth. The region is developing rapidly. The need for energy is also likely to rise in the near future. Middle East & Africa is well known for its oil and gas deposits. Natural gas deposits in the region may transform the energy scenario. This is expected to positively affect the gas compressor market.
Key players operating in the gas compressor market are Sauer Compressors USA, AMERICAN JEREH, Hitachi, Ltd., BAUER COMPRESSORS, INC., Ariel Corporation, KOHO compressor systems, Kobelco, Atlas Copco, Exterran Corporation, Sundyne, PDC Machines Inc., and RIX Industries.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Materials
MaterialsChinese Markets for Roofing Materials
Chemicals and MaterialsSilanes Market - Global Industry Analysis and Opportunity Assessment, 2020-2030