About Industrial Process Gas Compressor
Process gas compressors circulate gas through process which enhance atmospheric conditions for chemical reactions. They offers inert gas for control and safety system. This industrial gas compressors helps in recovering, recompressing and maintaining proper pressure levels. They offers wide range of lubrication with customise designs. This industrial process gas compressor are used to handle wide variety of gas like Compressed Natural Gas ( CNG), CO/ CO2, Nitrogen, Methane, Hydrogen, Argon, and Helium. Increasing industrial demand for compressing wide range of gas has impacted on the demand for Industrial Process Gas Compressor in positive manner.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.2% |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Industrial Process Gas Compressor market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Burckhardt Compression AG. (Switzerland), Sulzer (Switzerland), Fornovo Gas spa (Italy), Aerzen (United Kingdom), CORKEN, INC. (United States), GEA Group Aktiengesellschaft (Germany), Atlas Copco (Sweden), Ingersoll Rand (United States), Trane Technologies (United States), MAN Energy Solutions (Germany) and Sauer Compressors (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Donaldson Company, Inc. (United States) and Kobe steel, ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Process Gas Compressor market by Type (Centrifugal Gas Compressor, Piston Gas Compressor and Gas Screw Compressors) and Region.
On the basis of geography, the market of Industrial Process Gas Compressor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Source, the sub-segment i.e. Hydraulic Motor will boost the Industrial Process Gas Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Industrial Process Gas Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Design Offering , the sub-segment i.e. Less Oil will boost the Industrial Process Gas Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Chemical will boost the Industrial Process Gas Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Demand for Piston Gas Compressors at Industrial, Gas Transportation and Gas Storage Processes
Market Growth Drivers:
Rising Demand for Industrial Gas Compressor at Wide Range of End Use Industries like Chemical, Petrochemical, Food Processing’s and others and Growing Preference Efficient Industrial Process Gas Compressor for wide range of Gas and Gas Mixture at Industrial Procedures
Challenges:
Limited Performance of Industrial Process Gas Compressor for Oil less Gas Mixture
Restraints:
Huge Investment Requirement for Setup and Manufacturing
Opportunities:
Rising Industrial Expenditure of Food Processing’s and Pharmaceutical Industry Especially in Asia Pacific has Created Growth Opportunities and Increasing Demand for hydrocarbon processes like Natural Gas Processing, Marine LNG, Downstream & Refinery and Power Generation
Market Leaders and their expansionary development strategies
In March 2020, Atlas Copco has acquired Class 1 Incorporated. Class 1 Incorporated offers design, manufacturing, installation, distribution and service of medical gas solutions in Canada. Company has acquired this facility for offering medical gas solution in Canada. This acquisition further enable company to strengthen its position as a leading supplier and service provider of medical gas solutions in Canada.
In February 2022, Atlas Copco launched its new range of variable speed drive compressors in India. The new compressors are of three categories – industrial air compressor, medical gas solutions and vacuum pumps solutions. With this launch, company has expanded its portfolio which has eventually impacted on the demand in positive manner.
Key Target Audience
Industrial Process Gas Compressor Manufacturers, Industrial Process Gas Compressor Suppliers/Distributors, Raw Material / Component Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.