Press release
Global Compressor Market Expands with Rising Natural Gas Demand and Industrial Growth
Mordor Intelligence has published a new report on the Compressors Market, offering a comprehensive analysis of trends, growth drivers, and future projections.The global compressor market is on a trajectory of significant growth, with projections indicating an increase from USD 42.04 billion in 2024 to USD 53.16 billion by 2029, reflecting a compound annual growth rate (CAGR) of 4.81%. This expansion is primarily attributed to the escalating demand for natural gas and the consequent development of gas pipeline networks, alongside robust industrial activities across various sectors. Compressors, essential for increasing gas pressure by reducing its volume, play a pivotal role in numerous industrial applications, including oil and gas, power generation, manufacturing, and petrochemicals.
Report Overview: https://www.mordorintelligence.com/industry-reports/compressor-market
Key Trends
Surge in Natural Gas Utilization: The global shift towards cleaner energy sources has amplified the consumption of natural gas, necessitating the expansion of gas pipeline infrastructures. Compressors are integral to the transmission and storage of natural gas, thereby experiencing heightened demand in tandem with the growing gas pipeline networks.
Industrial Sector Growth: Rapid industrialization, particularly in emerging economies, has spurred the demand for compressors across various applications such as manufacturing, chemicals, and petrochemicals. The need for efficient and reliable compression solutions in these industries is a significant driver of market growth.
Technological Advancements: Manufacturers are increasingly focusing on developing energy-efficient compressors to meet evolving end-user demands and adhere to stringent energy efficiency standards. Innovations in compressor technology are expected to create new opportunities within the market.
Market Segmentation
By Type:
Positive Displacement Compressors: These include reciprocating and rotary compressors, widely utilized across industries for their ability to deliver high-pressure outputs.
Dynamic Compressors: Encompassing centrifugal and axial compressors, these are preferred in applications requiring continuous flow and are prevalent in sectors like oil and gas and power generation.
By End-User:
Oil and Gas Industry: Compressors are vital in upstream, midstream, and downstream operations, facilitating processes such as gas transmission, storage, and processing.
Power Sector: Utilized in various power generation processes, compressors aid in enhancing efficiency and reliability.
Manufacturing Sector: Compressors support a range of manufacturing operations, including pneumatic tools and material handling systems.
Chemicals and Petrochemical Industry: Essential for processes like gas compression and refrigeration, compressors are critical in chemical production and petrochemical refining.
Other End Users: This category includes sectors such as food and beverage, pharmaceuticals, and construction, where compressors are employed for diverse applications.
By Geography:
Asia-Pacific: Dominating the market, this region is expected to register the highest CAGR, driven by countries like China and India, which are expanding their natural gas infrastructure and industrial bases.
North America: Characterized by a substantial oil and gas industry, the region shows steady demand for compressors, particularly in the United States.
Europe: With a focus on energy efficiency and industrial automation, Europe represents a significant market for advanced compressor technologies.
South America: Emerging industrial activities and investments in oil and gas exploration contribute to the market growth in this region.
Middle East and Africa: Rich in oil and gas resources, this region relies heavily on compressors for extraction and processing activities.
Get a Customized Report Tailored to Your Requirements. - https://www.mordorintelligence.com/market-analysis/compressor
Key Players
The compressor market is competitive, featuring several key players:
Atlas Copco AB: A leading provider of industrial productivity solutions, offering a wide range of compressors tailored for various applications.
Siemens Energy AG: Specializes in energy-efficient compressor technologies, serving industries such as oil and gas, and power generation.
Ingersoll-Rand Inc.: Offers a diverse portfolio of compressors known for reliability and performance across multiple sectors.
Baker Hughes Co.: Provides advanced compressor solutions, particularly for the oil and gas industry, enhancing operational efficiency.
Sulzer Ltd: Focuses on innovative compression technologies, catering to industries including chemicals and power generation.
Conclusion
The global compressor market is poised for substantial growth, driven by the increasing demand for natural gas and the expansion of industrial activities worldwide. Technological advancements aimed at enhancing energy efficiency further bolster market prospects. As industries continue to evolve, the role of compressors remains integral, underscoring their significance in supporting various industrial processes and contributing to economic development.
Industry Related Reports
Tandem Piston Compressors Market: The Tandem Piston Compressors Market is categorized based on type, including stationary and portable compressors, and by stage, encompassing single-stage and two-stage compressors. The market is further segmented by application, covering industries such as oil refineries, natural gas processing and distribution, chemicals and petrochemicals, and various other applications. Geographically, the market is divided into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
To know more visit this link: https://www.mordorintelligence.com/industry-reports/tandem-piston-compressors-market
Screw Compressors Market: The report provides an analysis of trends and statistics in the Screw Compressors Market, segmented by technology into oil-injected screw compressors and oil-free screw compressors. It also classifies the market by stage, including single-stage screw compressors and multi-stage screw compressors. The market segmentation further includes end-user industries such as the manufacturing industry, oil and gas industry, mining industry, construction industry, and various other end-user industries. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
To know more visit this link: https://www.mordorintelligence.com/industry-reports/screw-compressors-market
Gas Compressors Market: The report provides insights into Gas Compression Companies, segmented by type, including positive displacement compressors and dynamic displacement compressors. It also categorizes the market by end-user industries, such as oil and gas, power sector, petrochemical and chemical industries, industrial gases, and various other industries. Additionally, the market is analyzed geographically across North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
To know more visit this link: https://www.mordorintelligence.com/industry-reports/gas-compressors-market
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Compressor Market Expands with Rising Natural Gas Demand and Industrial Growth here
News-ID: 3773185 • Views: …
More Releases for Compressor
Oil Free Compressor Market (Oil-Free Compressor, Oil-Free Air Compressor) Key Pl …
Oil Free Compressor (Oil-Free Compressor, Oil-Free Air Compressor) Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Oil Free Compressor (Oil-Free Compressor, Oil-Free Air Compressor) industry with a focus on the Chinese market. The report provides key statistics on the market status of the Oil Free Compressor (Oil-Free Compressor, Oil-Free Air Compressor) manufacturers and is a valuable source of…
Compressor Valves Market Trends, in-Depth Assessment, New Strategies, Price, Fut …
What is Compressor Valves?
Compressor Valves are the valves used in a compressor to control the flow of fluid in a cylinder. The compressor valves are circular with a series of plates that are placed between valve seat and cover. The compressor valves market is expected to grow due to the revival of stalled infrastructure projects, the demand for eco-friendly products, and technological innovations.
The reports cover key market developments in…
Global Oil Free Compressor (Oil-Free Compressor, Oil-Free Air Compressor) Market …
An oil-free compressor is only one of several types of compressors available. It works the same way as a standard air compressor, and may even look very similar on the outside; internally, however, it contains special seals designed to keep the crucial lubricating oil away from the compressed air. The moving parts inside the compressor require lubrication to reduce the friction.
Download Free Sample of this report: @ https://www.researchgoal.com/reports/99S497678
Lubrication is…
Compressor Valves Market| key manufacturers- Cook Compression, Burckhardt Compre …
There has been prevalence of compressor valves in the oil and gas industry for its exhaustive applications in upstream, midstream and downstream operations. Given oil and gas industry is the most sought after primary source of energy, demand for compressor valves has surged. In addition, a significant demand for better wastewater management facilities is anticipated to favorably influence the market for compressor valves.
Get free Sample Copy @ https://www.mrrse.com/sample/17813
Small and medium-sized…
Industrial Refrigeration Compressor Market Analysis Latest Report By Major Compa …
The Report published on UpMarketResearch.com about “Industrial Refrigeration Compressor Market” is spread across 135 pages and provides newest industry data, market future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists and studies the leading competitors, also provides the insights with strategic industry Analysis of the key factors influencing the market.
Industrial Refrigeration Compressor Market Research Report is a professional and…
Global Oil Free Compressor (Oil-Free Compressor,Oil-Free Air Compressor) Market …
Qyresearchreports include new market research report Global Oil Free Compressor (Oil-Free Compressor,Oil-Free Air Compressor) Market Research Report 2018 to its huge collection of research reports.
An oil-free compressor is only one of several types of compressors available. It works the same way as a standard air compressor, and may even look very similar on the outside; internally, however, it contains special seals designed to keep the crucial lubricating oil away from…