Natural Gas Compressor market size will reach US$ 960 million by 2024

Natural Gas Compressor market, Natural gas is a very important resource in the process industry. Its transport in gas pipe lines or tankers for liquid natural gas, also its storage underground requires special natural gas compressors

A natural gas compressor increases the pressure of a gas by reducing its volume. The natural gas enters the cylinder through the intake valves, where it is compressed and forced out through discharge valves.

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The technical barriers of Natural Gas Compressor are relatively high, resulting in high level concentration degree. The key companies in Natural Gas Compressor market are Ariel Corporation, Ingersoll Rand, Atlas Copco, Siemens and General Electric, etc. The enterprises are concentrated in USA, Europe and China. China is the largest production area, occupied about 39.43% production in 2017.

According to applications, Natural Gas Compressor is used in CNG Filling Station, Petroleum Refineries Factory, Processing/Chemical Plants and Other. In 2017, Natural Gas Compressor for CNG Filling Station occupied more than 58.61% of total amount.

Company mergers and acquisitions, and inter-company’s cooperation have occurred for development and growth. with more new entrants, the competition will be more intense.

According to this study, over the next five years the Natural Gas Compressor market will register a 2.7% CAGR in terms of revenue, the global market size will reach US$ 960 million by 2024, from US$ 820 million in 2019.

In particular, this report presents the global market share (sales and revenue) of key companies in Natural Gas Compressor business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Natural Gas Compressor market by product type, application, key manufacturers and key regions and countries.

This study considers the Natural Gas Compressor value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Centrifugal Type
Reciprocating Type
Screw Type

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

CNG Filling Station
Petroleum Refineries Factory
Processing/Chemical Plants
Industrial Manufacturing
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

Ariel Corporation
Ingersoll Rand
Bauer Compressors
Atlas Copco
Siemens
General Electric
Fornovo Gas
Quincy
Aerotecnica Coltri
Man Diesel & Turbo
Ebara Corporation
Tianyi
Kerui
Jereh
Kaishan Group
Shenyang Blower
Xi’an Shaangu Power
Sichuan Jinxing

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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