India 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 India, owing to the rising expansion of global leaders of end-use industries of process gas compressors, such as chemical and petrochemical industry. The government of the country is further supporting manufacturing industry of the country through initiatives/programs, such as ‘Make in India’. Under this initiative, the government is encouraging the manufacturing companies to establish their plants in India and incentivize investments into manufacturing sector, boosting process gas compressor demand in the country.
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Moreover, India is considered as a potential manufacturing powerhouse for the coming decade. The industry is one of the highest growing sectors in India, offering the demand for manufacturing and its safety related equipment, such as process gas compressors. Though initiatives such as ‘Make in India’, the country is expected to mark its presence in the manufacturing hub and contribute to the recognition of the country in the global manufacturing industry. Among all the manufacturing sectors, the industrial manufacturing is projecting a fastest growth rate in the manufacturing industry in the country, leading to the growth of the process gas compressors market 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
- 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?
India 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.
