Asia and MEA Industry Analysis Natural Gas Compressors Market Forecast - 2023

Rising population worldwide, economic growth across developing countries, improving living standards and lifestyle changes have spiraled the energy consumption worldwide. As a result, expenditure on energy sources has become critical constituent of national expenses for countries. To ensure sustainable growth in the long run, energy self-sufficiency along with increased embracement of green solutions has become important part of national strategies. Thus, natural gas due to its increasing availability (rising discovery of reserves) and very low emission of hazardous byproducts on combustion, is seeing growing preference as alternate fuel across many countries. Therefore, with expected rise in consumption of natural gas, the relevant infrastructure, products and systems continue to offer noteworthy opportunity for the market participants in the industry.

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The research report provides a detailed analysis of trends prevalent in natural gas compressors, natural gas engines, gas turbines, and centrifugal gas compressors market. The report also includes extensive analysis of the growth prospects of these equipment across emerging markets of Asia, Middle East and Africa. The study would help the market participants of natural gas compressors, natural gas engines, gas turbines, and centrifugal gas compressors in obtaining insights to the market dynamics across Asia, Middle East and Africa (MEA), for succeeding in the business. The report segregates the market based on various type of gas equipment namely natural gas compressors, natural gas engines, gas turbines, and centrifugal gas compressors across different geographies, such as Asia, Middle East and Africa. The market research study analyzes the market on regional level with deep down country level analysis also included. Different countries and regions analyzed in this report include Kazakhstan, Turkmenistan, Azerbaijan, Pakistan, Myanmar, Bangladesh, Thailand, Malaysia, Indonesia, Vietnam, Brunei, Papua New Guinea (PNG), ‘South, South-East and South-West Asia’, United Arab Emirates (UAE), Saudi Arabia, Kuwait, Bahrain, Iraq, Oman, Africa, Nigeria, Ghana, Algeria, Mozambique, and Angola.

The research report estimates market for natural gas compressors, natural gas engines, gas turbines, and centrifugal gas compressors in terms of revenue (US$ million) and volume (units) for years 2012, 2013, and 2014 along with market forecast for the period 2015 to 2022. Moreover, the market estimates have been analyzed keeping in mind different factors including technological, environmental, economic, regulations (legal) and social factors. For the research report, in-depth interviews and discussions with a wide range of key industry participants and opinion leaders were conducted. Extensive secondary research including key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. Additionally, secondary research includes recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies.

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Increasing demand for natural gas in oil and gas industry and its associated industries has led to rise in the natural gas exploration activities. This in turn has increased the natural gas production in the counties with large reserves and propelled the exports. Due to this, transmission and distribution infrastructure (including pipelines) of natural gas has seen proliferation in the past few years thereby contributing to the growth of natural gas compressors, natural gas engines, gas turbines, and centrifugal gas compressors markets in Asia and MEA.

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