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Gas Compressor Market Analysis by Industry Size, Share, Trends, Demand, Growth and Opportunities Forecast to 2025

According to IMARC Group’s latest report, titled “Gas Compressors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global gas compressor market grew at a CAGR of 7% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2020-2025.

Gas compressors are mechanical devices used to increase the static pressure of a gas by decreasing the volume. Two commonly used gas compressors are positive displacement and dynamic gas compressors. Positive displacement compressors comprise rotary and reciprocating variants that compress the gas by confining it in a closed space and increasing the pressure. Whereas the dynamic compressor employs a centrifugal and axial compressor that compresses the gas through the mechanical impellers or rotating vanes. These compressors are used for gases, such as ethylene, fluorine, argon, etc. As a result, they find numerous applications in manufacturing, construction, oil & gas, chemicals and petrochemicals, and power generation.

Gas Compressors Market Growth Drivers:

The significantly growing oil and gas industry is propelling the gas compressors market. Additionally, the widespread adoption of the compressors for processing and transporting renewable energy resources over long distances also augment the product demand. The demand is also catalyzed by the advent of energy-efficient portable compressors for industrial automation and innovative product variants with enhanced performance capabilities, improved storage tanks, requiring minimal maintenance and fuel consumption. Moreover, rising utilization in hospitals during surgical procedures and in air filtration duct systems to maintain air quality and prevent contamination further drives the gas compressors market growth.

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Gas Compressors Market 2020-2025 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the gas compressors market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Ariel Corporation
Atlas Copco AB
Bauer Compressors Inc.
Burckhardt Compression Holding AG
Exterran Corporation
Gardner Denver Inc.
General Electric Company
Hitachi Ltd.
Kobelco
Siemens AG

The report has segmented the global gas compressors market on the basis of compressor type, end use industry and region.

Breakup by Compressor Type:

Positive Displacement Compressor
Dynamic Compressor

Breakup by End Use Industry:

General Manufacturing
Construction
Oil and Gas
Mining
Chemicals and Petrochemicals
Power Generation
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Explore full report with table of contents: https://www.imarcgroup.com/gas-compressors-market

Key highlights of the report:

Market Performance (2014-2019)
Market Outlook (2020- 2025)
The Impact of COVID-19 on the Global Market
Market Drivers and Success Factors
Value Chain
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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