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Global Process Gas Compressors Market to reach USD 8.32 billion by 2027.

Global Process Gas Compressors Market Size study, by Type (Oil injected, oil free) End-use (oil & gas, chemicals, power generation, industrial gases, others) and Regional Forecasts 2021-2027

Product Code: CMOGI-78851659
Publish Date: 15-08-2021
Page: 200

Global Process Gas Compressors Market is valued approximately USD 6.45 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.71% over the forecast period 2021-2027. Technological advancements in compression techniques have a significant impact on the equipment’s compression capabilities, which is likely to fuel the process gas compressor market growth throughout the forecast period. Furthermore, the industry’s need for air compressors is projected to be fueled by the increased use of durable and energy-efficient equipment. Also, creating high-power rated and efficient air compression equipment necessitates the use of advanced technology and a high level of technical competence. As a result, the process gas compressor market’s expansion is anticipated to be hampered in the future years by the high cost of installation and maintenance. During the forecast period, however, the growth in manufacturing activities in Asia-Pacific and LAMEA is necessary to introduce manufacturers with significant revenue opportunities. With increased exports and imports by gas producing nations such as The United and Russia, as well as gas-consuming countries including China and the European Union, demand for process gas compressors in the midstream oil and gas sector is expected to rise. For instance, according to the U.S. Energy Information Administration, the natural gas pipeline network in the United States is a highly interconnected system that transports natural gas throughout the continent. About 3 million miles of mainline and other pipes connect natural gas producing locations and storage facilities with customers in the pipeline network. This natural gas transportation network provided around 28.3 trillion cubic feet (Tcf) of natural gas to over 76.9 million consumers in 2019. Also, The Interstate Natural Gas Association of America (INGAA) said pipeline and collecting CAPEX’s economic consequences The anticipated pipeline and gathering line CAPEX of $22 billion per year is expected to generate approximately 325,000 employment per year in the United States. Over the 2018-2035 projection period, this investment is anticipated to contribute $565 billion to US GDP, $106 billion in Federal taxes, and $91 billion in state and local taxes, equating to average annual values of $31 billion, $6 billion, and $5 billion, respectively. Global oil and gas trunk pipes are anticipated to increase by 13.4% from 1.9 million kilometers in 2019 to 2.2 million kilometers in 2023. According to announced and planned projects, Asia and North America lead in pipeline length expansion, with a total of approximately 0.14 million km. This trend is expected to show good signals for the process gas compressor industry in the future years. In the United States, coal-fired energy output has declined significantly, with gas-fired energy production progressively taking its place. The percentage of energy produced from gas increased from 27.5 percent in 2014 to 35.1 percent in 2018, indicating that the market for process gas compressors in the Oil and Gas Industry is growing.

The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Process Gas Compressors market. The Asia Pacific region has had the quickest growth, owing to India’s and China’s expanding industrial and consumer markets, as well as increased gas consumption from established nations such as Australia. India’s recent advancements in the sector of pipeline and city gas distribution are likely to play a significant role in the Asia-Pacific region’s process gas compressor market growth. India is anticipated to have 34,384 kilometers of new pipelines online. The process gas compressor market in India is projected to benefit from India’s investment in the refining and petrochemicals industries. India’s refining capacity increased by 6.51 percent to 22495.43 TMT in March 2019, compared to March 2018. China’s aim to lowering pollution by replacing coal-fired energy production with renewable energy and gas-fired energy production has resulted in a steady increase in gas demand over the years, making it the world’s third-largest gas consumer.

Major market player included in this report are:
Atlas Copco Ab
Ingersoll Rand
General Electric
Mitsui E&S Holdings Co. Ltd.
Kaeser Kompressoren
Hitachi Ltd.
BAUER Comp Holding GmbH
Howden Group
Kobe Steel Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Oil Injected
Oil Free
By End-user:
Oil & Gas
Power Generation
Industrial Gases
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Process Gas Compressors Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Process Gas Compressors Market, by Region, 2019-2027 (USD Billion)
1.2.2. Process Gas Compressors Market, by Type, 2019-2027 (USD Billion)
1.2.3. Process Gas Compressors Market, by End-use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Process Gas Compressors Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Process Gas Compressors Market Dynamics
3.1. Process Gas Compressors Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Technological advancements in compression techniques The rise in the adoption of robust and energy-efficient equipment
3.1.2. Market Challenges High cost of installation and maintenance for the equipment
3.1.3. Market Opportunities Increase in production activities from APAC
Chapter 4. Global Process Gas Compressors Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Process Gas Compressors Market, by Type
5.1. Market Snapshot
5.2. Global Process Gas Compressors Market by Type, Performance – Potential Analysis
5.3. Global Process Gas Compressors Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Process Gas Compressors Market, Sub Segment Analysis
5.4.1. Oil Injected
5.4.2. Oil Free
Chapter 6. Global Process Gas Compressors Market, by End-use
6.1. Market Snapshot
6.2. Global Process Gas Compressors Market by End-use, Performance – Potential Analysis
6.3. Global Process Gas Compressors Market Estimates & Forecasts by End-use 2018-2027 (USD Billion)
6.4. Process Gas Compressors Market, Sub Segment Analysis
6.4.1. Oil & Gas
6.4.2. Chemicals
6.4.3. Power Generation
6.4.4. Industrial Gases
6.4.5. Others
Chapter 7. Global Process Gas Compressors Market, Regional Analysis
7.1. Process Gas Compressors Market, Regional Market Snapshot
7.2. North America Process Gas Compressors Market
7.2.1. U.S. Process Gas Compressors Market Type breakdown estimates & forecasts, 2018-2027 End-use breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Process Gas Compressors Market
7.3. Europe Process Gas Compressors Market Snapshot
7.3.1. U.K. Process Gas Compressors Market
7.3.2. Germany Process Gas Compressors Market
7.3.3. France Process Gas Compressors Market
7.3.4. Spain Process Gas Compressors Market
7.3.5. Italy Process Gas Compressors Market
7.3.6. Rest of Europe Process Gas Compressors Market
7.4. Asia-Pacific Process Gas Compressors Market Snapshot
7.4.1. China Process Gas Compressors Market
7.4.2. India Process Gas Compressors Market
7.4.3. Japan Process Gas Compressors Market
7.4.4. Australia Process Gas Compressors Market
7.4.5. South Korea Process Gas Compressors Market
7.4.6. Rest of Asia Pacific Process Gas Compressors Market
7.5. Latin America Process Gas Compressors Market Snapshot
7.5.1. Brazil Process Gas Compressors Market
7.5.2. Mexico Process Gas Compressors Market
7.6. Rest of The World Process Gas Compressors Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Atlas Copco AB Key Information Overview Financial (Subject to Data Availability) End-use Summary Recent Developments
8.2.2. Ingersoll Rand
8.2.3. General Electric
8.2.4. Siemens
8.2.5. Mitsui E&S Holdings Co. Ltd.
8.2.6. Kaeser Kompressoren
8.2.7. Hitachi Ltd.
8.2.8. BAUER Comp Holding GmbH
8.2.9. Howden Group
8.2.10. Kobe Steel Ltd.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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