Boil-off Gas (BOG) Compressor Research: the global market size is projected to grow from USD 702 million in 2024 to USD 977 million by 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Boil-off Gas (BOG) Compressor- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Boil-off Gas (BOG) Compressor market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Boil-off Gas (BOG) Compressor was estimated to be worth US$ 703 million in 2024 and is forecast to a readjusted size of US$ 977 million by 2031 with a CAGR of 4.8% during the forecast period 2025-2031.

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Boil-off Gas (BOG) Compressor Market Summary

The Boil-off Gas (BOG) compressor is a specialized piece of equipment designed to handle the gas naturally evaporated from liquefied natural gas (LNG) during storage, transportation, or regasification. It compresses low-temperature, low-pressure evaporated gas to pressures suitable for transport or re-liquefaction, ensuring safe and efficient operation of the entire LNG system while minimizing energy loss and gas emissions. BOG compressors are typically integrated with re-liquefaction systems, gas turbines, or process pipelines and are a critical component of the LNG supply chain.

Currently, the BOG compressor market is highly concentrated, with a few well-known international companies dominating, while some regional players are actively participating in local LNG projects. With the growing global demand for LNG, particularly in coastal terminals, LNG carriers, and small-scale floating storage units, there is increasing demand for BOG compressors that offer high reliability, low maintenance costs, and environmental efficiency. Competition in the market is not only driven by product performance and reliability but also by system integration capabilities, engineering expertise, and after-sales service networks.

Looking ahead, the development trends for BOG compressors focus on intelligent control, energy efficiency, and expanded application scenarios. Digital monitoring and predictive maintenance technologies are expected to be widely implemented to enhance operational safety and reduce maintenance costs. Additionally, the adoption of high-efficiency cryogenic compression technologies, variable-speed drive systems, and environmentally friendly materials will be key to improving energy efficiency and adapting to complex operating conditions. As the LNG supply chain globalizes, BOG compressors are evolving toward modular, standardized, and intelligent designs to meet diverse and flexible application requirements.

According to the new market research report "Global Boil-off Gas (BOG) Compressor Market Report 2024-2030", published by QYResearch, the global Boil-off Gas (BOG) Compressor market size is projected to grow from USD 702 million in 2024 to USD 977 million by 2031, at a CAGR of 4.8% during the forecast period.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Boil-off Gas (BOG) Compressor market is segmented as below:
By Company
TMC
IHI
Burckhardt
SIAD Macchine Impianti
Atlas Copco
Wärtsilä
MITSUI E&S
Ebara Elliott Energy
Hanwha Group
Siemens Energy
GEA
KOBESTEEL
Sinopec
China National Offshore Oil
Jinxing Group

Segment by Type
Reciprocating Compressors
Centrifugal Compressors

Segment by Application
LNG Storage and Transport
Industrial Gas Generation

Each chapter of the report provides detailed information for readers to further understand the Boil-off Gas (BOG) Compressor market:

Chapter 1: Introduces the report scope of the Boil-off Gas (BOG) Compressor report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2021-2032)
Chapter 2: Detailed analysis of Boil-off Gas (BOG) Compressor manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various Boil-off Gas (BOG) Compressor market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2021-2032)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2021-2032)
Chapter 5: Sales, revenue of Boil-off Gas (BOG) Compressor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2021-2032)
Chapter 6: Sales, revenue of Boil-off Gas (BOG) Compressor in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Boil-off Gas (BOG) Compressor competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Boil-off Gas (BOG) Compressor comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Boil-off Gas (BOG) Compressor market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Global Boil-off Gas (BOG) Compressor Market Outlook, In‐Depth Analysis & Forecast to 2031
Global Boil-off Gas (BOG) Compressor Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Boil-off Gas (BOG) Compressor Market Research Report 2025
Global LNG BOG(Boil Off Gas) Compressor Market Outlook, In‐Depth Analysis & Forecast to 2031
Global LNG BOG(Boil Off Gas) Compressor Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
LNG BOG(Boil Off Gas) Compressor - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global LNG BOG(Boil Off Gas) Compressor Market Research Report 2025

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