Liquefied Natural Gas (LNG) Compressor Market 2022 Global Insights and Business Scenario - General Electric Company, EagleBurgmann, IMW Industries Ltd

The Latest report about the Liquefied Natural Gas (LNG) Compressor market delivers a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Liquefied Natural Gas (LNG) Compressor market size with regards to the revenue and volume have also been mentioned. In general, the research report is a collecting of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully recognized its position.

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Liquefied Natural Gas (LNG) Compressor Market  size was USD 135420 Million and it is expected to reach USD 205280 Million by the end of 2027, with a CAGR of 5.7% during 2021-2027

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: General Electric Company, EagleBurgmann, IMW Industries Ltd., Kobelco Compressors America Inc., Elliott Company, Seimens, Mitsubishi Heavy Industries

News and Updates

TMC Launches Boil-Off Gas Compressor for LNG Marine Fuel Industry- TMC Compressors (TMC), an Oslo-based international supplier of compressed air systems for marine and offshore use, is launching a boil-off gas compressor that can be utilized on all vessels that use LNG (liquefied natural gas) as ship fuel. TMC will unveil the compressor system this week at the Nor-Shipping event, also in Oslo.

HAM launches new CNG-LNG mobile service station- Spanish developer of liquefied natural gas (LNG) and compressed natural gas (CNG) service stations, HAM Group (HAM), has announced EDUX, a mobile service station which will allow users to store and refuel LNG to all types of trucks and heavy vehicles, in addition to providing the ability to refuel CNG.

Market Overview

Increasing use of LNG as transportation fuel, for power generation, and in the mining and industrial sector is expected to drive the growth of the LNG market. When compared to diesel and fuel oil, LNG can be used as a transportation fuel for trucks and ships, with potential economic and environmental benefits. In addition, heavy-duty trucks powered by LNG in the mining and industrial sectors assist in reducing fuel costs and boosting unit productivity.

Growing requirement for operators to achieve the lowest possible cost of delivery has led to optimized reliability and economies of scale which is in turn expected to bolster LNG compressor market growth over the forecast period. High growth of LNG supply over conventional inter-regional pipeline trade is also anticipated to fuel market penetration. Rapid development of various unconventional natural gas reserves is expected to require highly optimized compressor systems with improved reliability to handle multiple gas streams originating from different sources. Stranded natural gas fields particularly those of the U.S. and China's shale reserves has made LNG as one of the most lucrative modes to transport as well as deliver to target markets. These aforementioned trends in the global natural gas industry are expected to bolster LNG compressor demand over the forecast period. High raw material cost coupled with complex fabrication process is expected to hinder market growth over the next few years.

Liquefied Natural Gas (LNG) Compressor Market Segmentation:

Breakdown Data by Type                                

Vertically-split Barrel

Horizontally-split

Axial Compressors

Others

Liquefied Natural Gas (LNG) Compressor Breakdown Data by Application

Medium Pressure

Low Pressure

Others

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Liquefied Natural Gas (LNG) Compressor market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

Strategic Points Covered in TOC:

The report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the Liquefied Natural Gas (LNG) Compressor industry development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.

Liquefied Natural Gas (LNG) Compressor market research includes the methodical description of the various factors such as the market growth and detailed information about the different company's revenue, technological developments, production, and the various other strategic developments. The regional spaces of significant components, including the capacity, cost, price, technology, supplies, profit, and competition are analyzed.

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Liquefied Natural Gas (LNG) Compressor Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Liquefied Natural Gas (LNG) Compressor market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Liquefied Natural Gas (LNG) Compressor market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Liquefied Natural Gas (LNG) Compressor Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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