Gas Compressor Market Share, Size and Forecast Report, 2022 to 2030

Gas Compressor Market Overview

The report is titled as ‘Gas Compressor Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Gas Compressor market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

The gas compressor market is estimated to reach at a value of US$ 3,889.8 Mn by the end of 2022 and expected to reach at a value of US$ 5,144.0 Mn by 2030 with a significant CAGR of 3.5%.

Gas Compressor Introduction

A gas compressor can be understood as a mechanical instrument that escalates the pressure of a gas by lowering its volume. The working fundamentals of compressors are equivalent to pumps, as compressors and pumps both elevate the pressure on a fluid and both make the fluids move by way of a pipe.

As gasses are compressible, the compressor also lessens the volume of gas. The positive displacement and dynamic gas compressors are some of the most frequently used gas compressors in the market. Positive displacement compressors incorporate reciprocating and rotary variants that constrict the gas by restraining it in a closed space and elevating the pressure.

At the same time, the dynamic compressor is composed of a centrifugal compressor and an axial that contracts the gas through the automatic action of gyrating vanes or impellers. These compressors are generally employed for gasses, such as fluorine, ethylene, hydrogen, argon, xenon, nitrogen, and silane.

As a consequence, the gas compressor gains comprehensive applications across multiple industries all around the world, comprising construction, general manufacturing, mining, oil & gas, petrochemicals and chemicals as well as power generation. Owing to which, the global gas compressor market is projected to grow significantly over the years.

Gas Compressor Market Segmentation

The global gas compressor market is segmented on the basis of type, compressor, end user, and region.

By Type

Oil Injected

Oil Free

By Compressor 

Dynamic Compressor

Positive Displacement Compressor

Piston Compressor

Rotary Screw Compressor

Others (including Tooth Compressor and Scroll Compressor)

By End User       

Construction

Oil & Gas

Mining

Chemicals

Power Generation

Others (including Pharmaceutical, Food & Beverages, and Transportation)

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Gas Compressor Market Key Players

Some of the key participating players in global Gas Compressor market are:

Atlas Copco AB

HMS Group

GEA Group

Elliot Group

Kirloskar

Burckhardt Compression AG

Hitachi Ltd.

Howden Group

Ariel Corporation

Sundyne

Deep Industries Limited

J.P. Sauer & Sohn Maschinenbau GmbH

Among Others

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product developments and launches

Current product compliance

Reimbursement

Concerns for use of Gas Compressor

Advantages of Gas Compressor

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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