PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1798892
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1798892
Global Gas Compressors in Oil and Gas Industry Market to Reach US$2.0 Billion by 2030
The global market for Gas Compressors in Oil and Gas Industry estimated at US$1.8 Billion in the year 2024, is expected to reach US$2.0 Billion by 2030, growing at a CAGR of 1.8% over the analysis period 2024-2030. Reciprocating Compressor, one of the segments analyzed in the report, is expected to record a 1.3% CAGR and reach US$1.2 Billion by the end of the analysis period. Growth in the Screw Compressor segment is estimated at 2.5% CAGR over the analysis period.
The U.S. Market is Estimated at US$492.2 Million While China is Forecast to Grow at 3.5% CAGR
The Gas Compressors in Oil and Gas Industry market in the U.S. is estimated at US$492.2 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$373.4 Million by the year 2030 trailing a CAGR of 3.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.6% and 1.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR.
Global Gas Compressors in Oil and Gas Industry - Key Trends & Drivers Summarized
Why Are Gas Compressors Integral to Modern Oil and Gas Operations?
Gas compressors are essential in upstream, midstream, and downstream oil and gas activities, enabling transportation, reinjection, storage, and processing of natural gas and associated hydrocarbons. These machines increase the pressure of gases to allow efficient movement through pipelines, support gas lift operations in wells, or drive separation and liquefaction processes. As exploration shifts to deeper, unconventional, and remote fields, the demand for high-performance compressors capable of operating under extreme pressure and variable flow conditions is rising.
In upstream operations, compressors are used for enhanced oil recovery (EOR), gas injection, and vapor recovery units. Midstream use includes pipeline pressurization, gas transmission, and LNG plant feed systems. Downstream facilities deploy compressors for refining processes, hydrogen compression, and flare gas recovery. The increasing role of natural gas in energy transition strategies-particularly as a cleaner-burning bridge fuel-amplifies the importance of gas compression in ensuring supply continuity and infrastructure flexibility.
What Technology and System Design Trends Are Advancing Compressor Efficiency?
Modern gas compressors are being developed with emphasis on energy efficiency, digital monitoring, and operational flexibility. Design improvements include multi-stage configurations, dry gas seals, advanced rotor dynamics, and aerodynamic enhancements to boost performance across pressure and flow ranges. Variable-speed drives (VSDs) and automatic load control systems are integrated to reduce energy consumption and match compressor output to fluctuating process demands.
Digitalization plays a key role in predictive maintenance and system optimization. IoT-based sensors, real-time diagnostics, and cloud-based analytics enable operators to track vibration, temperature, and flow metrics, reducing downtime and unplanned failures. Skid-mounted and modular compressor packages are being adopted to accelerate installation and allow redeployment across multiple sites. Compressors that can handle wet gas, sour gas, and high-CO2 content are also in development, addressing emerging operational challenges in shale gas and offshore fields.
How Are Market Needs Shifting with Energy Transition and Regulatory Pressures?
The oil and gas industry’s move toward lower emissions and improved energy efficiency has created demand for compressors with smaller environmental footprints. This includes systems optimized for low-leakage, reduced flare gas loss, and compatibility with carbon capture and storage (CCS) infrastructure. Compressors used in hydrogen handling, biogas upgrading, and blue hydrogen production are receiving increased attention as gas processing technologies evolve.
Regional growth patterns also influence market dynamics. North America leads in compressor deployment for shale gas operations, while the Middle East continues to invest in large-scale gas reinjection and LNG export facilities. Asia-Pacific markets are expanding gas infrastructure for urban and industrial use, driving adoption of pipeline and storage compressors. Government mandates related to flare gas recovery, methane leakage control, and process efficiency are further encouraging modernization of compressor fleets across oil and gas operations.
Growth in the Gas Compressors Market in Oil and Gas Is Driven by Several Factors…
Growth in the gas compressors market in the oil and gas industry is driven by several factors including increasing gas-based energy production, enhanced recovery operations, and regulatory compliance for emissions and energy efficiency. Rising use of gas lift, vapor recovery, and gas injection techniques in upstream operations sustains equipment demand. Expansion of LNG terminals, pipeline networks, and underground storage across global regions supports midstream compressor adoption. Advancements in compressor design-such as variable-speed technology, dry seals, and real-time monitoring-boost performance and reduce operating costs. Increasing integration of compressors in CCS, hydrogen, and biogas systems reflects alignment with decarbonization goals. As oil and gas operators modernize infrastructure to meet environmental and operational requirements, compressors remain indispensable assets throughout the value chain.
SCOPE OF STUDY:
The report analyzes the Gas Compressors in Oil and Gas Industry market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Type (Reciprocating Compressor, Screw Compressor); Application (Upstream Application, Downstream Application, Midstream Application)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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