CNG Compressor Market by 2023 Trends and Opportunities with Key Players - Ariel, Atlas Copco, J-W Energy Company, Bauer Compressors, Wärtsilä, CIMC Enric, Kobelco Compressors America, Elliott, Associated Compressor Engineers, C&B Pumps and Compressors

CNG Compressor Market – Overview

The global market for CNG is expected to grow at USD 200.0 billion in 2023 and is projected to rise at a CAGR of 5.0% during the forecast period. The main drivers of this global CNG compressor market are growing natural gas pipeline network, across the world, consumption of natural gas in power plant in search of economic efficient energy source, and reduction of consumption of coal in emerging countries. Low pollution and emission levels, abundant gas reserves, technological advancements in the technology, and widening application of natural gas in industry are also some of them.

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CNG compressors can be used in the set up of gas stations, fueling of vehicles, pumping gas into high-pressure CNG tanks and in pipeline transmission as a compressor station to transfer gas from one to another. One of the primary reasons behind the growth of this market is the increase the number of natural gas vehicle, NGV operating on low cost, less carbon emissions in environment. So, OEMs (Original Equipment Manufacturers) such as Volvo, Ford, Fiat and GM offer vehicles and other fleet that are also CNG-powered.

Top Industry 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.

Market Segmentation:

Based on type, this segment includes positive displacement and dynamic technology, among which positive displacement is a device used to compress the natural gas so that it can be transported to longer distances through pipelines. This device increases the pressure of natural gas by decreasing its volume while, dynamic compressor is a flow machine where pressure increases take place at the same time as gas flows.

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.

Brief TOC of CNG Compressor Market

1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continue….

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