Natural Gas Compressor market size will reach US$ 960 million by 2024
Verfasser: riyasharma24mr on Wednesday, 3 April 2019Natural 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.