The global process gas compressors market is growing at a significant CAGR of around 3.4% during the forecast period (2020-2026). The market is driven by the rising demand for energy-efficient gas compressors and increasing concerns towards industrial safety. Process gas compressors are primarily used to overcome the major challenge of the industry that is regular maintenance which results in a loss in operating hours of the manufacturing units. As per the US Department of Energy, 30% to 50% of compressed air power is lost during operation due to poor maintenance, inefficient energy uses, poor system design and others. Due to this, the demand for energy-efficient and less maintenance compressors always remain in the manufacturing industries.
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Moreover, the increasing liquefaction capacity of gas, increasing energy demand especially for CNG and rapid industrialization in emerging economies are further offering growth to the process gas compressors market. The process gas compressors market comprises a widespread application in various industry, such as including oil and gas sector, chemical, manufacturing, and liquefaction of gases, among others. However, the challenges in the maintenance of process gas compressors will affect the market growth during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Process Gas Compressors Market-Segmentation
By Equipment
- 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)
Global Process Gas Compressors Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global process gas compressors market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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