Germany process gas compressor market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising industrialization in the country. Germany largely imports natural gas from other countries, such as Russia, Norway, and UK, driving the natural gas storage facilities in the country. Therefore, the demand for process gas compressors are continuously increasing across these natural gas storage facilities, to deliver safety to the industrial sector. However, there are certain challenges in the maintenance of process gas compressors which are expected to affect the market growth during the forecast period. Moreover, the outbreak of COVID-19 pandemic has certainly hampered the manufacturing sector, which is leading to the decline in the process gas compressors market in 2020.
The process gas compressors market is classified on the basis of type and end-use industry. Based on type, the market is segmented into centrifugal gas compressors, reciprocating gas compressors, screw gas compressors, and others. Based on end-use industry, the market is segregated into oil & gas, refinery services, petrochemical and chemical industry, polyolefin plants, and others. Among these end-use industries, the process gas compressor finds its significant application in oil & gas industry. The dominance of the oil & gas industry in process gas compressor market is backed by the growing consumption of natural gas across the globe.
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Germany Process Gas Compressors Market Segmentation
By Type
- Centrifugal Gas Compressors
- Reciprocating Gas Compressors
- Screw Gas Compressors
- Others (Standard Screw Air Compressor)
By End-Use Industry
- Oil & Gas
- Refinery Services
- Petrochemical and Chemical Industry
- Polyolefin Plants
- Others (Hydrotreatment)
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Company Profiles
- Aerzener Maschinenfabrik GmbH
- Atlas Copco Group
- BAUER COMPRESSORS INC.
- BORSIG GmbH
- Ecolab Inc.
- General Electric Co.
- Ingersoll-Rand PLC
- MAN Energy Solutions SE
- NEUMAN & ESSER GROUP
- Siemens AG
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