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Process Gas Compressor Trends and Forecast
The future of the global process gas compressor market looks promising with opportunities in the oil & gas, chemical, power generation, and industrial gas markets. The global process gas compressor market is expected to reach an estimated $5.2 billion by 2030 with a CAGR of 5.0% from 2024 to 2030. The major drivers for this market are increasing demand for natural gas, rising investments in the oil and gas industry and expansion of the chemical and petrochemical industries, as well as, growing need for enhanced oil recovery (EOR) methods.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Process Gas Compressor by Segment
The study includes a forecast for the global process gas compressor by type, end use, and region.
Process Gas Compressor Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Oil Injected
• Oil Free
Process Gas Compressor Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Oil & Gas
• Chemical
• Power Generation
• Industrial Gas
• Others
Process Gas Compressor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Process Gas Compressor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies process gas compressor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the process gas compressor companies profiled in this report include-
• Atlas Copco
• Ingersoll Rand
• Sundyne
• Siemens Energy
• Howden
Process Gas Compressor Market Insights
Lucintel forecasts that oil injected is expected to witness the higher growth over the forecast period due to higher efficiency, lower costs and longer operational life of the compressors in most applications where oil contamination is not an operational issue.
APAC is expected to witness highest growth over the forecast period due to supporting government initiatives and increasing investments in the region, the popularity of online markets, the growing middle class, and the robust digital ecosystem in China and India.
Features of the Global Process Gas Compressor Market
Market Size Estimates: Process gas compressor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Process gas compressor market size by type, end use, and region in terms of value ($B).
Regional Analysis: Process gas compressor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the process gas compressor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the process gas compressor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the process gas compressor market size?
Answer: The global process gas compressor market is expected to reach an estimated $5.2 billion by 2030.
Q2. What is the growth forecast for process gas compressor market?
Answer: The global process gas compressor market is expected to grow with a CAGR of 5.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the process gas compressor market?
Answer: The major drivers for this market are increasing demand for natural gas, rising investments in the oil and gas industry and expansion of the chemical and petrochemical industries, as well as, growing need for enhanced oil recovery (EOR) methods.
Q4. What are the major segments for process gas compressor market?
Answer: The future of the global process gas compressor market looks promising with opportunities in the oil & gas, chemical, power generation, and industrial gas markets.
Q5. Who are the key process gas compressor market companies?
Answer: Some of the key process gas compressor companies are as follows:
• Atlas Copco
• Ingersoll Rand
• Sundyne
• Siemens Energy
• Howden
Q6. Which process gas compressor market segment will be the largest in future?
Answer: Lucintel forecasts that oil injected is expected to witness the higher growth over the forecast period due to higher efficiency, lower costs and longer operational life of the compressors in most applications where oil contamination is not an operational issue.
Q7. In process gas compressor market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to supporting government initiatives and increasing investments in the region, the popularity of online markets, the growing middle class, and the robust digital ecosystem in China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the process gas compressor market by type (oil injected and oil free), end use (oil & gas, chemical, power generation, industrial gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Process Gas Compressor Market, Process Gas Compressor Market Size, Process Gas Compressor Market Growth, Process Gas Compressor Market Analysis, Process Gas Compressor Market Report, Process Gas Compressor Market Share, Process Gas Compressor Market Trends, Process Gas Compressor Market Forecast, Process Gas Compressor Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Process Gas Compressor Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Process Gas Compressor Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Process Gas Compressor Market by Type
3.3.1: Oil Injected
3.3.2: Oil Free
3.4: Global Process Gas Compressor Market by End Use
3.4.1: Oil & Gas
3.4.2: Chemical
3.4.3: Power Generation
3.4.4: Industrial Gas
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Process Gas Compressor Market by Region
4.2: North American Process Gas Compressor Market
4.2.2: North American Process Gas Compressor Market by End Use: Oil & Gas, Chemical, Power Generation, Industrial Gas, and Others
4.3: European Process Gas Compressor Market
4.3.1: European Process Gas Compressor Market by Type: Oil Injected and Oil Free
4.3.2: European Process Gas Compressor Market by End Use: Oil & Gas, Chemical, Power Generation, Industrial Gas, and Others
4.4: APAC Process Gas Compressor Market
4.4.1: APAC Process Gas Compressor Market by Type: Oil Injected and Oil Free
4.4.2: APAC Process Gas Compressor Market by End Use: Oil & Gas, Chemical, Power Generation, Industrial Gas, and Others
4.5: ROW Process Gas Compressor Market
4.5.1: ROW Process Gas Compressor Market by Type: Oil Injected and Oil Free
4.5.2: ROW Process Gas Compressor Market by End Use: Oil & Gas, Chemical, Power Generation, Industrial Gas, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Process Gas Compressor Market by Type
6.1.2: Growth Opportunities for the Global Process Gas Compressor Market by End Use
6.1.3: Growth Opportunities for the Global Process Gas Compressor Market by Region
6.2: Emerging Trends in the Global Process Gas Compressor Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Process Gas Compressor Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Process Gas Compressor Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Atlas Copco
7.2: Ingersoll Rand
7.3: Sundyne
7.4: Siemens Energy
7.5: Howden
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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