Press release
Gas Compressors Market Size to Reach USD 2.24 Billion by 2030, Fueled by Midstream Expansion and Asia-Pacific Growth
Gas Compressors Market Size & Trends | Mordor Intelligence
Global Gas Compressors Market specifically for the oil and gas sector-is on a steady upward path. Estimated to be valued at around USD 1.86 billion in 2024, the market is expected to grow to about USD 1.92 billion by 2025 and further reach approximately USD 2.24 billion by 2030, representing a compound annual growth rate (CAGR) of around 3.13% between 2025 and 2030
This growth is based on the increasing demand and usage of natural gas, ongoing expansion of pipeline infrastructure, and development across upstream, midstream, and downstream segments of the oil and gas industry. The report covers the period from 2019 through 2024 historically, with forecasts extending to 2030
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Key Trends in the Gas Compressors Market
Midstream Sector Leads Demand
Compressors are crucial in maintaining pressure in gas pipelines, compensating for pressure loss over extended distances. For example, in the U.S., projects like the Adelphia Gateway conversion and ONGC's major pipeline replacement project highlight how compressor deployment rises in response to infrastructure upgrades.
Asia-Pacific Takes Center Stage
Asia-Pacific is projected to dominate both the demand and growth in this market. China's LNG imports rose over 16.6% in recent years, pushing pipeline development. India plans to bring nearly 34,384 km of new pipelines online by 2023, and the goal to establish 17,700 CNG stations by 2030 stands to significantly drive compressor demand in the region.
Stable Natural Gas Demand Underpins Growth
As global natural gas consumption continues to rise-driven by its cleaner profile compared to other fossil fuels-new production and transmission projects are being initiated. Even though renewables are gaining ground, increasing proved reserves (including offshore discoveries like Lukoil's in Mexico) are opening new opportunities for compressor use.
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Market Segmentation in the Gas Compressors Market
By Types:
Reciprocating Compressors (positive displacement)
Screw or Centrifugal Compressors (dynamic displacement)
By End-user Industry
Oil & Gas (upstream, midstream, downstream)
Power Sector
Petrochemical & Chemical Industries
Industrial Gases
Other Industries
By Geography
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Highlights in Segmentation:
Within the oil and gas sector, midstream is a chief driver, due to infrastructure demands in transmission and storage.
Asia-Pacific (especially China and India) is forecast to account for the majority of incremental compressor demand, driven by pipeline expansion and CNG infrastructure rollout.
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Key Players in the Gas Compressors Market
Ariel Corporation
BAUER Compressors Inc.
Ingersoll Rand PLC
Clean Energy Fuels Corp.
Atlas Copco AB
These companies are noted for their range of technologies-reciprocating units, centrifugal and screw compressors-and their role in servicing large-scale energy infrastructure projects across regions. They operate in a moderately concentrated industry, with presence across major areas and segments.
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Conclusion
This is underpinned by sustained expansion of natural gas infrastructure-particularly pipelines and midstream facilities-as well as fuel demand in Asia-Pacific, where the biggest growth is expected. Projects in India and China reflect strong government and industry-led investments in transmission networks and CNG stations
Though the rise of renewable energy adds competition, new gas reserves and continued demand for gas-powered operations create a solid basis for compressor deployment. Alongside, established players such as Ariel, BAUER, Ingersoll Rand, Clean Energy Fuels, and Atlas Copco are actively contributing technology and capacity to meet global needs.
Overall, the outlook for the gas compressors market-especially in oil and gas applications-remains secure, with infrastructure expansion, regional demand growth, and technology-driven reliability ensuring its relevance over the coming years.
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