Gas Compressor Market: Industry Size, Share, Growth, Forecasts 2017 - 2025

The report analyzes and presents an overview of "Gas Compressor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" worldwide.

The objectives of this study are as follows:

To define, describe, and forecast the "Gas Compressor" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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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.

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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.

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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

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