Gas Compressors Market

Gas Compressors Market by Types (Positive Displacement and Dynamic Displacement), Applications (Upstream, Midstream, and Downstream), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-1166
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 2
  • No. Of Pages: 183
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  • Pub. Date: Upcoming
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The global gas compressors market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to product innovations, such as the development of energy-efficient portable compressors for automation in industrial plants. Moreover, transportation of renewable energy resources, such as natural gas over long distances is driving the market growth.
 

Gas Compressors Market key Takeaways


A gas compressor refers to a mechanical device that increases the static pressure of a gas by reducing its volume. Some of the commonly used gas compressors, include positive displacement and dynamic gas compressors.

Positive displacement compressors include reciprocating and rotary variants that compress the gas by confining it in a closed space and increasing the pressure. On the other hand, the dynamic compressor consists of an axial and centrifugal compressor that compresses the gas through the mechanical action of rotating vanes or impellers. These compressors are commonly used for gases, such as ethylene, fluorine, argon, hydrogen, nitrogen, and xenon. As a result, they find extensive applications across various industries, including general manufacturing, construction, oil & gas, mining, chemicals, petrochemicals, and power generation.

Market Trends, Drivers, Restraints, and Opportunities:

  • Significant growth in the oil and gas industry across the globe represents one of the major drivers that is contributing to the growth of the global gas compressors market.
  • Widespread adoption of gas compressors for the processing is expected to augment the gas compressors market growth.
  • High capital cost involved in the gas compressor can restraint the growth of the market.
  • The COVID-19 outbreak led to the shutdown of manufacturing facilities and mining activities across the globe. This, in turn, hampered the market growth.
  • The volatile crude oil prices can hinder the market growth.
  • Increasing usage of compressed gas in various industry applications is anticipated to create lucrative opportunities for the market players in the projected timeline.

Scope of the Report

The report on the global gas compressors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Gas Compressors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Positive Displacement and Dynamic Displacement), Applications (Upstream, Midstream, and Downstream)

Regional scope

North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Atlas Copco, Ariel Corporation, BAUER Compressors, Clean Energy Compression, Ingersoll Rand.

 

Gas Compressors Market Segment Insights:

 Dynamic Displacement segment to grow at a rapid pace
Based on types, the market is divided into positive displacement and dynamic displacement. The dynamic displacement segment is anticipated to account for a key market share and is anticipated to grow at a steady rate during the forecast period. Unlike positive displacement compressors, dynamic compressors work at a constant pressure and are categorized based on their axial or radial design. The performance of dynamic compressors is affected by external conditions such as changes in inlet temperatures. During dynamic compression, air is drawn between the blades on a rapidly rotating compression impeller, as it accelerates to a high velocity.

Midstream segment to account a major market share
Based on applications, the market is divided into upstream, midstream and downstream. The midstream segment is anticipated to account for a major market share due to increasing use of compressor to liquify and transport natural gas from one location, to another. Conversely, the upstream segment is expected to grow at a healthy rate during the forecast period.
 

Gas Compressors Market by Applications


Asia Pacific to account a considerable market share
On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia pacific is anticipated to account for a considerable market share during the forecast period. Increasing gas demand in countries such as India, China, and Australia is expected to fuel the growth of the market in the region. Rising electricity demand in emerging economies is expected to foster the market growth in Asia Pacific.             
 

Gas Compressors Market by Regions 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gas Compressors Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Gas Compressors Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Gas Compressors Market - Supply Chain
  4.5. Global Gas Compressors Market Forecast
     4.5.1. Gas Compressors Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Gas Compressors Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Gas Compressors Market Absolute $ Opportunity
5. Global Gas Compressors Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Gas Compressors Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Gas Compressors Demand Share Forecast, 2019-2026
6. North America Gas Compressors Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Gas Compressors Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Gas Compressors Demand Share Forecast, 2019-2026
7. Latin America Gas Compressors Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Gas Compressors Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Gas Compressors Demand Share Forecast, 2019-2026
8. Europe Gas Compressors Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Gas Compressors Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Gas Compressors Demand Share Forecast, 2019-2026
9. Asia Pacific Gas Compressors Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Gas Compressors Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Gas Compressors Demand Share Forecast, 2019-2026
10. Middle East & Africa Gas Compressors Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Gas Compressors Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Gas Compressors Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Gas Compressors Market: Market Share Analysis
  11.2. Gas Compressors Distributors and Customers
  11.3. Gas Compressors Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Ariel Corporation
     11.4.2. BAUER Compressors Inc.
     11.4.3. Clean Energy Compression
     11.4.4. Ingersoll Rand PLC
     11.4.5. Atlas Copco AB

Segments Covered in the Report
The global gas compressors have been segmented on the basis of

Types

  • Positive Displacement
  • Dynamic Displacement

Applications

  • Upstream
  • Midstream
  • Downstream

Regions

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Players

  • Ariel Corporation
  • BAUER Compressors Inc.
  • Clean Energy Compression
  • Ingersoll Rand PLC
  • Atlas Copco AB

The major players of the market are Atlas Copco, Ariel Corporation, BAUER Compressors, Clean Energy Compression, Ingersoll Rand.

Companies are focusing on organic growth strategies such as product launches, product approvals, and patents. Moreover, they’re engaging in joint ventures and acquisitions to expand their market share.
 

Gas Compressors Market by Key Players

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