Natural Gas Compressors Market to Cross $5.5 Billion by 2021
Increasing demand for energy efficient compressors, growing
natural gas preference and need to replace aging infrastructure to drive global
natural gas compressors market
According to
a recently published TechSci Research report “Global Natural Gas Compressors Market By Technology, By Application, By
Region, Competition Forecast and Opportunities, 2011 - 2021”, the global natural gas
compressors market is anticipated to cross USD5.5 billion by 2021. Over the
last couple of decades, increasing population and growing technological
advancements have led to tremendous increase in energy demand across the globe.
In the midst of spiking fuel consumption, natural gas has emerged as the most
preferred fuel to meet the ever-growing energy demand during the foreseeable
future. Demand for natural gas compressors across the globe is also expected to
grow at a robust pace over the next five years on account
of increasing global LNG liquefaction capacity, rising production
and consumption of natural gas, growing demand for gas from power sector,
expanding city gas distribution infrastructure and continuous capacity
additions in petrochemical units.
Browse 15 market
data Tables and 104 Figures spread through 245 Pages and an
in-depth TOC on "Global Natural Gas Compressors Market"
http://www.techsciresearch.com/report/global-natural-gas-compressors-market-by-technology-positive-displacement-compressor-vs-dynamic-compressor-by-application-upstream-midstream-and-downstream-by-region-competition-forecast-and-opportunities-2011-2021/658.html
In 2015,
around 677,560 miles of active natural gas pipelines were spread
across the globe. By 2035, a total of US$ 3.16 trillion is expected to be invested in
pipeline infrastructure, wherein, 52% of the amount will be spent on construction
of natural gas pipelines. On the basis of technology, the global natural gas
compressors market has been segmented into two categories, namely, positive
displacement compressors and dynamic compressors. During 2011-2015, positive
displacement compressors dominated the global natural gas compressors market,
and the segment is anticipated to maintain its dominance over the next five
years as well, owing to its low cost and various applications in gas gathering
and processing. Regionally, North America registered largest demand for natural
gas compressors in 2015, followed by Asia-Pacific. In North America, the United
States is the major market for natural gas compressors due to increasing shale
gas discoveries and replacement of ageing infrastructure as can be assessed
from the fact that approximately 55% of positive displacement compressors in
the US are more than 30 years old.
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“Global
natural gas compressors market is anticipated to register healthy growth rate
over the next five years. Widespread adoption of natural gas compressors in upstream,
midstream and downstream applications, such as natural gas extraction,
gathering, enhanced oil recovery, transportation through pipelines, city gas distribution,
etc., is positively influencing the demand for natural gas compressors,
globally. However, factors like high capital intensiveness, ongoing energy
price fluctuations and lack of skilled workforce are anticipated to be the
major impediments over the next five years.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Natural Gas Compressors Market By Technology, By
Application, By Region, Competition Forecast and Opportunities, 2011 - 2021” has
evaluated the future growth potential of natural gas compressors in the global
market and provides statistics and information on market structure and trends.
The report is intended to provide cutting-edge market intelligence and help decision
makers take sound investment evaluation. Besides, the report also identifies
and analyzes emerging trends along with essential drivers, challenges and
opportunities available in the global natural gas compressors market.
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