Gas Compressor Market Insights By Growth, Emerging Trends And Forecast By 2031

𝐆𝐚𝐬 𝐂𝐨𝐦𝐩𝐫𝐞𝐬𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Transparency Market Research delivers key insights on the global gas compressor market. In terms of revenue, the global gas compressor market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global gas compressor.

𝐕𝐢𝐞𝐰 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/gas-compressor-market.html

The global gas compressor market is broadly affected by several factors, including expansion of chemical industry and ongoing investment in construction of oil & gas pipeline. Furthermore, growth in deployment of energy-efficient gas compressor is also a key factor anticipated to propel the global gas compressor market.

𝐆𝐚𝐬 𝐂𝐨𝐦𝐩𝐫𝐞𝐬𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

Governments around the world are increasingly taking initiatives to reduce emissions and meet anti-pollution norms by promoting the usage of compressed natural gas (CNG) fuels and natural gas vehicles (NGVs). Enhanced performance, reduced maintenance cost, low fuel cost, and strong storage tanks are propelling the popularity of CNG as a fuel source. As a result, the demand for CNG refueling stations has increased. This, in turn, is boosting the gas compressor market.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=30224

The available CNG station infrastructure is inadequate to meet the growing demand for CNG fuel. This is anticipated to drive the need for the installation of new CNG refueling stations, thus accelerating the adoption of gas compressors.

According to the European Alternative Fuels Observatory, the number of CNG cars in Europe reached ~1.2 million in 2020. This rise in the number of CNG vehicles is anticipated to increase in the next few years, thus driving the need for a CNG fueling infrastructure.

In India, there has been a vast growth in the adoption of CNG vehicles across the country. Currently, the penetration of CNG vehicles in India is around 30 cars per 1,000 people. This is likely to increase over the next few years, as EVs are still not affordable for people in India. The Government of India is focused on converting the country to a gas-based economy. It is pushing for an increase of CNG stations to 10,000 countrywide by 2030.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=30224

In terms of type, the oil injected segment dominated the global gas compressor market in 2020. The segment is expected to expand at a CAGR of 3.78% between 2021 and 2031. An oil injected compressor uses oil to lubricate the compression chamber and parts.

In terms of compressor, the positive displacement compressor constituted key share of the global gas compressor market in 2020. The positive displacement compressor includes piston compressor and rotary screw compressor. The rise in the demand for rotary screw compressor in end-use industries is anticipated to propel the demand for positive displacement compressors.

𝐆𝐚𝐬 𝐂𝐨𝐦𝐩𝐫𝐞𝐬𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐬

The gas compressor market in Asia Pacific is projected to expand considerably during the forecast period. China dominated the gas compressor market in Asia Pacific in 2020. Rise in FDI investment in exploration and production of oil and gas; and ongoing investment in pipeline infrastructure are key factors driving the gas compressor market in Asia Pacific.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=30224

The gas compressor market in Europe is expected to expand significantly during the forecast period, owing to the expansion of the chemical industry in the region. According to Germany Trade & Invest, the country constituted 27% of the total chemical industry revenue generated in European Union countries in 2019.

𝐆𝐚𝐬 𝐂𝐨𝐦𝐩𝐫𝐞𝐬𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

Major players operating in the global gas compressor market are Atlas Copco AB, Ingersoll Rand, General Electric, Siemens, Mitsui E&S Holdings Co., Ltd., KAESER KOMPRESSOREN, Hitachi Ltd., BAUER COMP Holding GmbH, Howden Group, Kobe Steel, Ltd., J.P. Sauer & Sohn Maschinenbau GmbH, and Ariel Corporation.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Rohit Bhisey
Transparency Market Research Inc.
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