Gas compressors reduce the volume of gas while increasing its static pressure. Positive displacement and dynamic gas compressors are two of the most prevalent gas compressors. Positive displacement compressors, which include reciprocating and rotary models, compress gas by confining it in a closed space and increasing pressure. On the other hand, the dynamic compressor comprises an axial and centrifugal compressor that compresses the gas by the mechanical action of spinning vanes or impellers. Gases, including ethylene, fluorine, argon, hydrogen, nitrogen, silane, and xenon, are widely compressed using these compressors. As a result, they are used in various sectors such as general manufacturing, construction, oil & gas, mining, chemical, and power generation.
MARKET SCOPE
The "Global Gas Compressor Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the gas compressor market with detailed market segmentation by type, industry vertical, and geography. The report provides key statistics on the market status of the leading gas compressor market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the market is segmented into positive displacement and dynamic displacement.
- Based on industry vertical, the market is segmented into oil and gas, power sector, petrochemical and chemical industries, industrial gases, and others.
MARKET DYNAMICS
Drivers:
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- High efficiency and low price of CNG gas are the major driving factors for the growth of the natural gas compressors market.
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- Rising adoption of renewable sources such as wind, solar, biogas, etc. may hinder the growth of the gas compressor market
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The gas compressor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the gas compressor market in these regions.
IMPACT OF COVID-19 ON GAS COMPRESSOR MARKET
COVID-19 has severely affected the growth of the gas compressor market globally. COVID-19 has decreased the demand for fuel worldwide and has also affected the growth of the gas compressor market. At the global level, disruptions in the supply of raw materials due to COVID 19 affected the chemical industry. However, the gas compressor market is expected to grow in the forecast period.
MARKET PLAYERS
The report covers key developments in the gas compressor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the gas compressor market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the gas compressor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ariel Corporation
- Atlas Copco AB
- BAUER COMP Holding GmbH
- Burckhardt Compression AG
- General Electric
- Hitachi Ltd.
- HMS HYDRAULIC MACHINES & SYSTEMS GROUP PLC
- Howden Group
- Ingersoll Rand Inc.
- Siemens AG