US 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 adoption of the highly efficient process gas compressor across the increasing production of shell gas in the country. The US has witnessed a rise in the natural gas production in the past decade. Moreover, the presence of some of the key market players, such as Ecolab Inc., is further driving the growth of the process gas compressor in the country. Furthermore, the US has the presence of established chemical and manufacturing industry, having the existence of some of the world’s leading market players in the respective industries, such as the Dow Chemical Co. and Chevron Corp., offering growth to the process gas compressor market in the country.
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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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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.)
