The article cited AMA's Global Gas Compressors Market Study explored substantial growth with CAGR of 5.38%. According the report, Rising of CNG Outlets in the Developed and Developing Economies is one of the primary growth factors for the market. Increasing Oil and gas industry is the major driver of the global gas compressor market. Gas compressor demand in the midstream oil and gas industry is also expected to grow with the increase in exports and imports by gas producing countries such as the United States and Russia and gas-consuming countries such as China, India and the European countries respectively. is also expected to contribute significantly to the Gas Compressors market. Overall, Upstream
applications of Gas Compressors, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Ariel Corporation (United States), Atlas Copco AB (Sweden), General Electric (United States), Siemens AG (Germany), Bauer Compressors Inc. (United States), Burckhardt Compression AG (Switzerland), Gardner Denver Inc. (United States), HMS Group (Russia), Howden Group Ltd (united Kingdom) and Ingersoll Rand PLC (Ireland) may see astonishing sales in this Market and certainly improve revenue growth.
The End Use Verticals, such as Steel, is boosting the Gas Compressors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Gas Compressors market identified that the demand is rising in many different parts of the world as "Increasing High-Performance Compressors for Petrochemical and Natural Gas Industry
". Furthermore, some recent industry insights like "In September 2023, Atlas Copco launched its GA Atlas series of oil-free screw compressors, catering to the demand for clean and sustainable compressed air solutions." is constantly making the industry dynamic. One of the challenges that industry facing is "The adoption of substitute energy sources is restraining the market growth."
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Gas Compressors market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Gas Compressors market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Gas Compressors market tight? Which application/end-user category or Product Type [Positive Displacement (Reciprocating, Rotary) and Dynamic Displacement (Centrifugal, Axial)] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Gas Compressors market and other related sub-markets covered in the study.
o Key & emerging players in the Gas Compressors market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Gas Compressors market size is calculated using market estimation process, the Gas Compressors market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Gas Compressors market size has been validated using both top-down and bottom-up approaches.