Natural Gas Compressors Market is expected to grow at a robust CAGR During Forecast Period 2028

Global Natural Gas Compressors Market is expected to grow owing to implementation of stringent environmental regulations and emissions reduction targets throughout the forecast period.

According to TechSci Research report, “Natural Gas Compressors Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Natural Gas Compressors Market is expected to register robust growth during the forecast period. Many countries have formulated strategies to decrease carbon emissions by transitioning from coal-based electricity generation to gas-based energy generation, driven by the increasing environmental awareness in the last decade. The demand for gas compressors in the oil and gas industry is expected to be bolstered by the growth in natural gas production and its utilization in power generation. This factor would fuel the expansion of the Natural Gas Compressor market.

The global demand for natural gas is on the rise due to its reputation as a cleaner and more environmentally friendly substitute for coal and oil. This growth is fueled by sectors like power generation, industrial processes, and transportation. Compressors play a vital role in ensuring the efficient transportation and distribution of natural gas, presenting a significant opportunity for manufacturers and suppliers in this field.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Natural Gas Compressors Market."

Based on type, the Centrifugal Type segment is expected to dominate the market during the forecast period. Centrifugal compressors are renowned for their high flow rates, making them ideal for applications requiring substantial volumes of compressed natural gas, such as gas transmission pipelines. In comparison to other compressor types, centrifugal compressors boast relatively low maintenance requirements. With fewer wearing parts, maintenance costs and downtime are reduced. Ongoing research and development endeavors are dedicated to enhancing the efficiency and performance of centrifugal compressors.

Innovations in materials, aerodynamics, and design are driving the advancement of more efficient and reliable compressors. The integration of digitalization, data analytics, and condition monitoring technologies is becoming increasingly prevalent in the centrifugal compressor segment. These technologies facilitate real-time performance monitoring, predictive maintenance, and optimization. The utilization of variable speed drives in centrifugal compressors is on the rise. VSDs enable better control over compressor operations, improved energy efficiency, and enhanced adaptability to changing load conditions.

Based on application, the CNG Filling segment is projected to dominate the market throughout the forecast period. Some CNG filling stations are exploring the blending of hydrogen with CNG to enhance the environmental benefits of the fuel and improve combustion efficiency. As emerging economies continue to urbanize and experience increased vehicular traffic, there is potential for significant growth in CNG filling stations. Governments and businesses are recognizing the economic and environmental advantages of CNG as an alternative fuel. Companies in the CNG filling station segment are forming collaborations and partnerships to expand their networks and reach a broader customer base.

This trend is particularly noticeable in regions where CNG infrastructure is in its early stages of development. CNG is often more cost-effective than gasoline and diesel, making it an economically appealing option for both individual vehicle owners and commercial fleet operators. The cost savings associated with CNG can drive the demand for CNG filling stations. In densely populated urban areas, there is a pressing need to reduce air pollution and traffic congestion. CNG vehicles, which emit fewer emissions than traditional internal combustion engine vehicles, are perceived as a solution, thereby increasing the demand for more CNG filling stations in cities.

Key market players in the Global Natural Gas Compressors Market are:-

• Ingersoll Rand
• Bauer Compressors Inc.
• Ariel Corporation
• Atlas Copco
• Siemens AG
• General Electric Manufacturing Company
• Fornovo Gas SRL
• Aerotecnica, S.A.
• MAN Diesel & Turbo
• Ebara Corporation

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“The Natural Gas Compressors Market in North America is poised to be the dominant force in the industry. Environmental awareness and growing concerns about climate change are fueling efforts to mitigate methane emissions in North America's natural gas industry. This emphasis on emissions reduction presents opportunities for compressor manufacturers to innovate and promote low-emission compressor technology and solutions.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Natural Gas Compressors Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Centrifugal Type, Reciprocating Type and Screw Type), By Application (CNG Filling Station, Petroleum Refineries Factory, Processing/ Chemical Plants and Industrial Manufacturing), By Region, and By Competition,” has evaluated the future growth potential of Global Natural Gas Compressors Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Natural Gas Compressors Market.

Mr. Ken Mathews

TechSci Research LLC

Email: [email protected]

Website: https://www.techsciresearch.com