Germany 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 compressors in Germany is expected to project a considerable growth rate during the forecast period, owing to the presence of some of the key market players in the country. BAUER COMPRESSORS INC., MAN Energy Solutions SE, Siemens AG, and BORSIG GmbH, are some of the key market players having headquarters in Germany. These market players have been offering their products across the globe, including the developed and emerging economies, such as the US, UK, and others.
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The presence of developed end-use industry, such as chemicals and petrochemicals, oil & gas, and others, are augmenting the growth of the process gas compressor market in the country. The growth of these end-use industries will augment the growth of the manufacturing plants in the country, which is further rising the demand for process gas compressors. Germany is one of the attractive bases of the manufacturing and innovation in the country. Industry 4.0 is considered as the future project proposed by the Government of Germany, intending to drive the manufacturing industry in the country.
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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
- 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 dominates the market in base year?
- Which segment 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 segment
- Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Germany 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)
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