Global Process Gas Compressors Market 2020-2026

Global Process Gas Compressors Market Size, Share & Trends Analysis Report by Type (Centrifugal Gas Compressors, Reciprocating Gas Compressors, Screw Gas Compressors, and Others) and by End-Use Industry (Oil & Gas, Refinery Services, Petrochemical and Chemical Industry, Polyolefin Plants, and Others) and Forecast 2020-2026
The global process gas compressor market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising demand for energy-efficient industrial equipment and continuous growth of the end-users of process gas compressors. The process gas compressors market is classified on the basis of type and end-use industry. Based on type, the market is segmented into centrifugal gas compressors, reciprocating gas compressors, screw gas compressors, and others. Based on end-use industry, the market is segregated into oil & gas, refinery services, petrochemical and chemical industry, polyolefin plants, and others. Among these end-use industries, the process gas compressor finds its significant application in oil & gas industry. The dominance of the oil & gas industry in process gas compressor market is backed by the growing consumption of natural gas across the globe.

Geographically, the global process gas compressor market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific contributes a significant share in the global process gas compressor market and is expected to retain its position by exhibiting a considerable CAGR during the forecast period. The growth of Asia-Pacific process gas compressor market is primarily driven by China and India’s fast-paced economies and significant growth in the oil and gas sector. The manufacturing activities in the chemical, oil & gas, and petrochemical industries of the region are growing considerably, owing to the cohesive government initiatives. For instance, in August 2019, the government of India permitted 100% FDI in contract manufacturing through automatic route. Rapid industrialization owing to cohesive government policies to promote industrialization are making significant contribution to the market growth in Asia-Pacific.

The global process gas compressor market is influenced by product development and advancements conducted by the market players. The key players of the process gas compressor market include Burckhardt Compression AG, General Electric Co., Siemens AG, Atlas Copco Group, and Ingersoll-Rand PLC. These players are playing a significant role in the growth of the process gas compressor market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.

Research Methodology

The market study of the global process gas compressor market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.

In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Global Process Gas Compressor Market Research and Analysis by Type
2. Global Process Gas Compressor Market Research and Analysis by End-Use Industry

The Report covers:

• Comprehensive research methodology of the global process gas compressor market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global process gas compressor market.
• Insights about market determinants which are stimulating the global market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.