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Gas Compressors Market Comprehensive Report by Type, Driving Innovations, Price Value, Manufacturers, Key Findings, Growth Analysis and Leading Players (Ariel Corporation, Atlas Copco Ab, Bauer Compressors Inc.) - Forecast by 2029
Based on previous market performance, the Gas Compressors market is expected to reach USD 8.42 billion in size by 2029. With a 3% CAGR.Gas Compressors Market Overview:
A mechanical device known as a gas compressor lowers a gas's volume while increasing its static pressure. Positive displacement and dynamic gas compressors are two of the often employed gas compressors. Positive displacement compressors, which come in reciprocating and rotational designs, pressurise and compress the gas by confining it in a closed space.
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During the forecast period, factors including rising natural gas demand for power production and rising compressor demand from the pharmaceutical industry are anticipated to propel the market for gas compressors. Nevertheless, during the anticipated period, the market's expansion is anticipated to be constrained by the rising proportion of renewable energy in the total volume of energy consumption.
Based on our expert's analysis the players that are leading the market includes: Ariel Corporation, Atlas Copco Ab, Bauer Compressors Inc., Burckhardt Compression Holding AG, Gardner Denver Inc., General Electric Company, HMS Group, Howden Group Ltd, Ingersoll Rand Plc, Siemens AG. and Others.
The whole market is segmented as follows:
Global Gas Compressors Market by Type, 2020-2029, (USD Million) (Thousand Units)
Positive Displacement
Dynamic Displacement
Lithium-Based Battery
Global Gas Compressors Market by End Use Industry, 2020-2029, (USD Million) (Thousand Units)
Oil and Gas
Power Sector
Petrochemical and Chemical Industries
Other End-User Industries
Industry Developments:
The operational assets of MidState Air Compressor were purchased by Atlas Copco in May 2021. In the United States, Connecticut, Rhode Island, and Massachusetts are serviced by MidState Air Compressor, a distributor of compressors.
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Gas Compressors Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Gas Compressors Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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