Gas Compressor Market Surpasses $8.42 Billion By 2029 Exactitude Consultancy Exclusive Report

Major companies covered in the gas compressor market are Ariel Corporation, Atlas Copco Ab, Bauer Compressors Inc., Burckhardt Compression Holding AG, Gardner Denver Inc., General Electric Company, HMS Group, Howden Group Ltd, Ingersoll Rand Plc, Siemens AG

Luton, Bedfordshire, UK, August 3, 2022 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Gas Compressors market. The global gas compressor market is expected to grow at a CAGR of 3% between 2022 and 2029. It is expected to exceed $8.42 billion by 2029 from $6.45 billion in 2020.

Since the end date of the COVID-19 pandemic is unclear, the suppliers and producers in the gas compressor market are acting professionally to deal with the situation. They are working harder to keep crucial industries operating, such as oil and gas production, health care, and electricity generation. In addition, stakeholders increasingly place a high value on the safety of workers and customers.

A gas compressor refers to a mechanical device that increases the static pressure of a gas by reducing its volume. Some of the commonly used gas compressors include positive displacement and dynamic gas compressors.

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Asia-Pacific is one of the fastest developing regions in the world. Home to some of the world’s largest economies, including China, Japan and India, the region is experiencing tremendous growth in a variety of sectors, including oil and gas, manufacturing and electricity generation.

One of the main applications for gas compressors is in the oil and gas industry, where countries such as China and India are among the world’s leading players. As these compressors are used in various stages of the oil and gas supply chain, such as natural gas processing, natural gas transportation, maritime LNG, and refining, the demand for gas compressors is likely to grow with the growth of the oil and gas market. in the region.

Industry Outlook:

January 2022, Burckhardt Compression has been awarded a supply contract from TECNIMONT SpA and Tecnimont Private Ltd to provide solutions to India Oil Corporation’s polypropylene plant in Bihar, India. The deal will see Burckhardt supply the carrier gas compressor and nitrogen gas compressor packages for the plant’s refining complex.

April 2021, Siemens Energy AG supplied 20 centrifugal compression systems for one of Saudi Aramco’s gas storage projects. The Hawiyah UnayzahGas deposit storage facility is located 260 km east of Riyadh. The scope of the contract includes the supply of 20 compressor trains that will strengthen the company’s market position.

As part of the Gas Compressors market segmentation, our study exhibits market analysis based on type, market application, and historical data:

attributes

Details (current scenario)

base year

2020-2021

Historical facts

2019-2020

forecast period

2022-2029

Covered Regions

  • North America

  • Europe

  • Pacific Asia

  • South America

  • Middle East and Africa

By type/function

  • Positive displacement

  • Dynamic Scroll

  • lithium-based battery

per application

CAGR (XX%)

3% (Current market analysis)

customization available

Yes, the report can be customized to your needs. (Free 15% customization)

Delivery format

PDF and Excel via email

Examine detailed research information with TOC:

https://exactitudeconsultancy.com/reports/2884/gas-compressors-market/#report-details

Reasons to buy the Gas Compressors report:

  • It provides a forward-looking perspective on different factors that drive or restrain the growth of the market.

  • provides a six-year forecast evaluated on the basis of how the market is anticipated to grow

  • Helps understand key product segments and their future.

  • It provides accurate analysis of changing competitive dynamics and keeps you ahead of the competition.

  • It helps make informed business decisions by having a complete view of the market and performing in-depth analysis of market segments.

  • It provides distinctive charts and exemplified SWOT analysis of the major market segments.

Finally, the Gas Compressors market report is the credible source to get the market research that will accelerate your business exponentially. The report gives the main location, economic situations with item value, profit, limit, generation, supply, request, and market development rate and figure, etc. This report also features a new Task SWOT Examination, a Scalping Possibility Investigation, and a Risk Return Investigation.

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CONTACT: Irfan Tamboli (Head of Sales) - Exactitudeconsultancy Phone: + 1704 266 3234 sales@exactitudeconsultancy.com LinkedIn: https://www.linkedin.com/company/exactitudeconsultancy/

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