Asia-Pacific process gas compressor market is projected to grow at a significant CAGR of around 3.5% during the forecast period (2020-2026). The market for process gas compressor is continuously rising in the Asia-Pacific region, owing to the huge presence of end-use industry of process gas compressors, such as petrochemical and chemical industry and refinery services. With the well-established manufacturing sector, the demand for process gas compressors is increasing rising in the region. Moreover, the rising manufacturing industry, backed by the government initiatives, such as ‘Made in China 2015’ and ‘Make in India’, is further augmenting the process gas compressor market in the respective industries.
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China, India, and Vietnam are some of the key economies of Asia-Pacific that are witnessing a growth of the manufacturing industry. The government support and the expansion of global manufacturers into the emerging Asia-Pacific economies is offering growth to the demand for process gas compressor in the region. Moreover, the rising natural gas production due to its rise in its demand is augmenting the growth of the market in the region. The Petroleum Planning & Analysis Cell of India focusses on the production of natural gas in the country, keeping a tap on the rising demand for natural gas in India.
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Market Coverage
- Study Period- 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- By Type and By End-Use Industry
- Countries Covered- China, Japan, India, and Rest of Asia-Pacific
- Key Companies Profiled- Burckhardt Compression AG, General Electric Co., Siemens AG, Atlas Copco Group, and Ingersoll-Rand PLC.
Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in base year?
- Which segment/region will project fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and coming years?
- Recovery Timeline
- Deviation from pre-COVID
- Most affected region/segment
- Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Process Gas Compressor 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)
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
