CNG Compressor Market Leading Key Players: P C Mc Kenzie C (U.S.), J-W Energy Company (U.S.), Bauer Compressors, Inc. (U.S.), Wärtsilä (Finland)

Study conducted by Market Research Future, the Global market for CNG Compressor is likely to grow at the CAGR of around 4%.

Market Overview:-
One of latest trends in the market is advances in CNG compressor technology. In a CNG fueling station, the gas flows from the distribution channel into the gas compressor and is stored in a storage facility from which it is later dispensed according to the requirement. With advances in technology, companies are developing compressors that give better efficiency, effectiveness, cost, and reliability. Clean Energy Fuel Corporation introduced the most advanced heavy-duty, non-lubricated compressors for the natural gas fuel market in 2016.

The global market for CNG is expected to grow at USD ~200.0 billion in 2023. It witnesses high growth because of adoption of CNG as an alternative to gasoline and diesel, which ultimately helps rise the CNG compressor market.

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Top Key Players:-
The major key player in global CNG compressor market are Ariel Corporation (U.S.), Atlas Copco (Sweden), P C Mc Kenzie C (U.S.), J-W Energy Company (U.S.), Bauer Compressors, Inc. (U.S.), Wärtsilä (Finland), and CIMC Enric (China). Kobelco Compressors America, Inc. (U.S.), Elliott Company (U.S.), Associated Compressor Engineers (U.K), C&B Pumps and Compressors, LLC. (U.S.), Gas Compressor Consultants Inc (U.S.), and GE Oil & Gas (U.S.) are among others. They are highly capable of offering the finest service in the industry.

Industry News:-
In November, 2017 – Sparq Natural Gas, Timmons Oil Co., Dericks Leasing & Financial Co., and J-W Power officially broke ground on a public-access compressed natural gas (CNG) fueling station in Tulsa, Okla. According to Sparq, the station will feature the installation of J-W Power’s PowerFill technology, a patented compressor designed with heavy-duty trucks in mind, to speed up the fueling process.

In October, 2017 – J-W Power Company was granted with U.S. Patent No. 9,765,930 B2 for “CNG Fueling System” dated Sept 19, 2017. This technology significantly improves compressed natural gas (CNG) fill time at the dispenser.

In January, 2016 – BAUER COMPRESSORS introduces the next generation of it's CNG compressor portfolio – THE C26 X-Fill® Series. This series, spanning the 125-175 HP range and featuring BAUER’s newest state-of-the-art high inlet pressure compressor, will complement the existing wide range in BAUER’s extensive CNG systems portfolio.

CNG Compressor Global Market – Segmentation
The scope of global CNG Compressor market is segmented into two major segments which are explained below:

By Technology
• Positive Displacement Compressor
• Dynamic Compressors

By Application
• Residential
• Commercial
• Industrial

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Global CNG Compressor Market Analysis:-
Based on application, transportation sector accounts for major market share than industrial and residential as developing nations are switching their vehicles run by natural gas.
Based on region, Asia Pacific was leading in CNG market and is expected to continue its dominance during the forecast period. China and India are expected to drive the CNG compressor market at a CAGR of ~ 10.0%, which is the fastest.

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