Process Gas Compressor Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?