Cookies: We use cookies to improve your experience on our website. By using our website, you agree to our use of cookies.

Gas Compressors Market Outlook Report

Published On: Feb, 2025
|
Pages: 138

The Gas Compressors Market is estimated at USD 8,539 Million in 2023. Further, the market is expected to grow from USD 8,948 Million in 2024 to USD 13,080 Million in 2031 at a CAGR of 4.86%.

Gas Compressors Market Market Overview

A gas compressor is a device that reduces gas volume by mechanically increasing the pressure surrounding it. Gas compressors pressurize and circulate gas through a process, enhance conditions for chemical reactions, provide inert gas for safety or control systems, recover and recompress process gas, and maintain correct pressure levels. Gas compressors are available in various designs based on their various uses in different environments. 
Gas compressors are used in pipeline transport of purified natural gas, petroleum refineries, refrigeration & air conditioner equipment, gas turbine systems, and other applications. The most common designs are positive displacement compressors, which include reciprocating and rotary variants. Gas compressors utilize the thrust of a crankshaft-driven piston moving within a cylinder to create the motive pressure. Rotary compressors move gas through the system by the motion of rotating lobes, screws, or vanes. The dynamic compressor consists of an axial and centrifugal compressor that compresses the gas through the mechanical action of rotating vanes or impellers. The other compressors include diaphragm, scroll, axial-flow, diagonal and semi-hermetic.

Latest Trends in Gas Compressors Market

Technological Advancements & Growing Investments: 
New product innovations and technological advancements in gas compressors are prominent trends in the market. The companies in the gas compressor market are building an advanced portfolio of screw compressors optimized for compressing natural and industrial gases for system solution planners. Equipment manufacturers are investing in R&D to design compressors that deliver long operating life and can adhere to international standards. Companies in the gas compressor market are increasing their production capabilities in reciprocating gas compressors.
In 2020, the Indian government revealed its plan to invest around $60 billion to create gas infrastructure until 2024 and increase gas share in the energy mix from 6% to 15% by 2030. Such a plan is expected to increase the application of gas compressors during the forecast period.  
In February 2021, Qatar reached FID on the North Field East Project (NFE), comprising four mega LNG trains of 8 MTPA each. The 33 MTPA project is expected to start production in 2025 and raise Qatar's LNG production to approximately 110 MTPA by 2026. With the growing demand for LNG, similar projects are expected to support the growth of gas compressors in the oil and gas sector.  
In March 2022, Canada-based Frontera Energy Corporation announced that it discovered 27.2-degree light crude oil at the Tui-1 exploration well on the Perico block in Ecuador. 
In February 2022, the UAE-based Dragon Oil PLC, a state-owned Emirates National Oil Company subsidiary, announced that it had made its first oil discovery in the Gulf of Suez.

Driving Factors

Growth in the oil & gas industry across the globe:
One of the primary applications for gas compressors is in the oil and gas industry, where countries like China and India are among the top players in the world. Since these compressors are used in various stages of the oil and gas supply chain, such as natural gas processing, natural gas transportation, marine LNG, and refining, the demand for gas compressors is likely to grow with the growth of the oil and gas market in the region. 
Investment in the development of natural gas pipelines has been increasing significantly due to the demand for natural gas in end-use industries. Growth in awareness about global warming and greenhouse gas emission has boosted the demand for natural gas. The main types are oil & gas upstream activities; oil downstream products. Oil and gas upstream activities include exploration activities, such as creating geological surveys and obtaining land rights and production activities, such as onshore and offshore drilling. The various drilling types include offshore, and onshore used for residential, commercial, institutions, and other applications.

Market Challenges

Fluctuating Raw Material Prices:
The volatility in the raw material prices used in compressors is one of the major limitations hampering the gas compressor market growth. The major raw materials used to manufacture compressors are castings, aluminum and steel. The major finished and semi-finished components used are bearings, crankshafts, switches, gauges, rotors, and housings. The major bought-out items are motors, starters, control panels, inter and after coolers and filters. 
However, the cost of these materials does not remain the same but fluctuates regularly due to various macro and microeconomic factors. Furthermore, the fluctuating prices of raw materials create uncertainty for the pricing of the gas compressor market. Industrial manufacturers depend on servicing and constantly using the existing compressors rather than investing in new compressors to reduce spending due to the high cost of compressors, which is expected to hamper the market growth.

Companies Mentioned

Atlas Copco
Hitachi Ltd.
Kobe Steel, Ltd.
Bauer Comp Holding Gmbh
Ingersoll-Rand, Inc
General Electric Company
Siemens Ag
Mitsubishi Hitachi Power Systems, Ltd.

Market Segmentation


Market Split

    
     Detail

By Compressor Type
  • Positive Displacement Compressor
  • Dynamic Compressor

By Operation
  • Oil-Injected Compressors
  • Oil-Free Compressors

By End-User
  • General Manufacturing
  • Industrial Gases
  • Oil and Gas
  • Mining
  • Chemicals and Petrochemicals
  • Power Generation
  • Others

By Geography
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

TABLE OF CONTENTS

1. GLOBAL GAS COMPRESSORS INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions

2. GAS COMPRESSORS MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2023-2031
2.1. Gas Compressors Market Latest Trends
2.1.1. Technological advancements & Growing Investments:
2.1.2. Demand from the emerging economies to reduce carbon emissions:
2.1.3. Increasing need for energy-efficient compressor systems:
2.2. Gas Compressors Market Insights, 2023-2031
2.2.1. Leading Gas Compressors Compressor Type, 2023-2031
2.2.2. Leading Gas Compressors End-Use Industry, 2023-2031
2.2.3. Dominant Gas Compressors Operation, 2023-2031
2.2.4. Fast-Growing Geographies for Gas Compressors, 2023-2031
2.3. Gas Compressors Market Drivers to 2031
2.3.1. Growth in the oil & gas industry across the globe:
2.3.2. The rise in usage of gas compressors in different applications:
2.3.3. Rapid industrialization along with rising natural gas production & reserves:
2.3.4. Growing demand for different types of gas compressors:
2.4. Gas Compressors Market Restraints to 2031
2.4.1. Fluctuating Raw Material Prices:
2.4.2. High Competition & Increased maintenance costs:
2.5. Gas Compressors Market-Five Forces Analysis

3. GLOBAL GAS COMPRESSORS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
3.1. Global Gas Compressors Market Overview, 2023
3.2. Global Gas Compressors Market Size and Share Outlook, By Compressor Type, 2023-2031
3.2.1. Positive Displacement Compressor
3.2.2. Dynamic Compressor
3.3. Global Gas Compressors Market Size and Share Outlook, By End-Use Industry, 2023-2031
3.3.1. General Manufacturing
3.3.2. Industrial Gases
3.3.3. Oil and Gas
3.3.4. Mining
3.3.5. Chemicals and Petrochemicals
3.3.6. Power Generation
3.3.7. Other End-Use Industry
3.4. Global Gas Compressors Market Size and Share Outlook, By Operation, 2023-2031
3.4.1. Oil-Injected Compressors
3.4.2. Oil-Free Compressors
3.5. Global Gas Compressors Market Size and Share Outlook by Region, 2023-2031

4. NORTH AMERICA GAS COMPRESSORS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
4.1. North America Gas Compressors Market Overview, 2023
4.2. North America Gas Compressors Market Size and Share Outlook, By Compressor Type, 2023-2031
4.3. North America Gas Compressors Market Size and Share Outlook by End-Use Industry, 2023-2031
4.4. North America Gas Compressors Market Size and Share Outlook, By Operation, 2023-2031
4.5. North America Gas Compressors Market Size and Share Outlook by Country, 2023-2031
4.5.1. United States
4.5.2. Canada
4.5.3. Mexico

5. EUROPE GAS COMPRESSORS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
5.1. Europe Gas Compressors Market Overview, 2023
5.2. Europe Gas Compressors Market Size and Share Outlook, By Compressor Type, 2023-2031
5.3. Europe Gas Compressors Market Size and Share Outlook by End-Use Industry, 2023-2031
5.4. Europe Gas Compressors Market Size and Share Outlook, By Operation, 2023-2031
5.5. Europe Gas Compressors Market Size and Share Outlook by Country, 2023-2031
5.5.1. Germany
5.5.2. The UK
5.5.3. Italy
5.5.4. France
5.5.5. Spain
5.5.6. Rest of Europe

6. ASIA PACIFIC GAS COMPRESSORS MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
6.1. Asia Pacific Gas Compressors Market Overview, 2023
6.2. Asia Pacific Gas Compressors Market Size and Share Outlook, By Compressor Type, 2023-2031
6.3. Asia Pacific Gas Compressors Market Size and Share Outlook by End-Use Industry, 2023-2031
6.4. Asia Pacific Gas Compressors Market Size and Share Outlook, By Operation, 2023-2031
6.5. Asia Pacific Gas Compressors Market Size and Share Outlook by Country, 2023-2031
6.5.1. China
6.5.2. Japan
6.5.3. India
6.5.4. Rest of Asia Pacific

7. SOUTH AND CENTRAL AMERICA GAS COMPRESSORS MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
7.1. South and Central America Gas Compressors Market Overview, 2023
7.2. South and Central America Gas Compressors Market Size and Share Outlook, By Compressor Type, 2023-2031
7.3. South and Central America Gas Compressors Market Size and Share Outlook by End-Use Industry, 2023-2031
7.4. South and Central America Gas Compressors Market Size and Share Outlook, By Operation, 2023-2031
7.5. South and Central America Gas Compressors Market Size and Share Outlook by Country, 2023-2031
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of South and Central America

8. MIDDLE EAST AFRICA GAS COMPRESSORS MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
8.1. Middle East Africa Gas Compressors Market Overview, 2023
8.2. Middle East Africa Gas Compressors Market Size and Share Outlook, By Compressor Type, 2023-2031
8.3. Middle East Africa Gas Compressors Market Size and Share Outlook by End-Use Industry, 2023-2031
8.4. Middle East Africa Gas Compressors Market Size and Share Outlook, By Operation, 2023-2031
8.5. Middle East Africa Gas Compressors Market Size and Share Outlook by Country, 2023-2031
8.5.1. Middle East
8.5.2. Africa

9. GAS COMPRESSORS MARKET STRUCTURE
9.1. ATLAS COPCO
9.2. HITACHI LTD.
9.3. KOBE STEEL, LTD.
9.4. BAUER COMP Holding GmbH
9.5. Ingersoll-Rand, Inc
9.6. General Electric Company
9.7. Siemens AG
9.8. Mitsubishi Hitachi Power Systems, Ltd.

10. APPENDIX
10.1. Relavant Trade Data
10.2. About Us
10.3. Sources
10.4. Research Methodology
10.5. Contact Information

   

Get Free Sample

At OG Analysis, we understand the importance of informed decision-making in today's dynamic business landscape. To help you experience the depth and quality of our market research reports, we offer complimentary samples tailored to your specific needs.

Start Now! Please fill the form below for your free sample.

Why Request a Free Sample?

Evaluate Our Expertise: Our reports are crafted by industry experts and seasoned analysts. Requesting a sample allows you to assess the depth of research and the caliber of insights we provide.

Tailored to Your Needs: Let us know your industry, market segment, or specific topic of interest. Our free samples are customized to ensure relevance to your business objectives.

Witness Actionable Insights: See firsthand how our reports go beyond data, offering actionable insights and strategic recommendations that can drive your business forward.

Embark on your journey towards strategic decision-making by requesting a free sample from OG Analysis. Experience the caliber of insights that can transform the way you approach your business challenges.

You can purchase individual sections of this report. Explore pricing options for specific sections.
License

Didn’t find what you’re looking for? TALK TO OUR ANALYST TEAM

Need something within your budget? NO WORRIES! WE GOT YOU COVERED!

Reach Out to Us
phone_icon

+91 888 64 99099

phone_icon

sales@oganalysis.com

Related Products

Electroplating Market Outlook Report

Electroplating Market Overview Electroplating is the process of electroplating a thin layer of other metal or alloy on the surface of certain metals by electrolysis. It is the use of electrolysis to attach a metal film to the surface of metal or other materials to prevent corrosion and improve wear resistance, electrical conductivity, reflective properties and enhance aesthetics. The process is used to plate or coat several ferrous and non-ferrous metal objects and plastics by using metals such as copper, tin, zinc, gold, palladium, platinum, silver, chromium, and aluminum. There are different processes by which people can electroplate metals such as mass plating (also barrel plating), rack plating, continuous plating, and line plating. Based on processing methods, the electroplating market is categorized into barrel plating, rack plating, continuous plating, and Others. In 2021, the barrel plating segment dominated the market with xx of the global market share. Latest Trends in Electroplating Market Rising Demand for Electronic Devices: Rising digitization and the rapid rise in urbanization have augmented the demand for electrical and electronic devices across the globe. The consumption of consumer electronics, such as wearable devices, smartphones, laptops, tablets, camcorders, and portable chargers, has witnessed a surge in recent years owing to the improvement in living standards and a rise in disposable income of consumers across the globe, especially in emerging economies such as China, India, and Brazil. Electroplating is a vital process involved in the manufacture of electrical and electronic devices and components. The process enhances corrosion resistance, improves electrical conductivity, increases the solderability of the substrate, and enhances protection from wear and tear. Several metals are used in the electroplating process, such as Zinc, Copper, Nickel, Chromium, gold, silver, palladium, and ceramics. Therefore, the expansion of the electrical and electronics industry across the globe is expected to propel the growth of the global electroplating market during the forecast period. Driving Factors Increasing Disposable Income in Fast-Developing Asian Markets: Robust growth in the economies of key Asian and Latin American countries is enabling a huge middle-class population to shift towards aesthetics in products. Increasing penetration of television, refrigerators, smartphones, washing machines, laptops, and other consumer electronics products are favoring the growth of the Electroplating Market. Apart from these, the booming automotive industry bodes well for the electroplating market. Rising preference to lead a comfortable lifestyle coupled with growing urbanization and globalization is pushing the automotive industry, which is directly helping the electroplating market to reach new heights. Furthermore, rising demand for electroplating from aerospace & defense applications for providing proper finishing to the machinery is anticipated to foster the market growth of electroplating. Market Challenges Increasing Environmental Concerns and Stringent Regulations: With the electroplating market developing quickly, the ecological concerns regarding the electroplating process are increasing. Many governments around the world are passing stricter environmental laws and regulations concerning how chemical waste is treated and the types of chemicals industries may use in development and manufacturing processes. For example, in the European Union the regulation Registration, Evaluation, Authorization, and Restriction of Chemicals, known as REACh, has banned numerous chemicals or is in the process of banning chemicals such as boric acid from substantial industrial use. Accordingly, the metal plating industries that manufacture and sell electroplating baths that typically include boric acid have attempted to develop boric acid-free baths. Companies Mentioned Atotech (MKS Instruments, Inc.) Technic Inc. Kuntz Electroplating Inc. Coventya Columbia Chemical Interplex Industries, Inc. (Ennovi Holdings Pte. Ltd.) Allied Finishing, Inc. Sharretts Plating Company (SPC) Peninsula Metal Finishing, Inc. Aalberts N.V. HC Starck Uyemura & Co. MacDermid Enthone Industrial Solutions SIFCO ASC Plating Resources, Inc. *The companies above are listed in no particular order. Report Scope Details Market Value- $ Million,2024 16,857 Market Growth (Value), (2024-2031)- % 4.46 Leading Region Xx Base Year 2023 Forecast Period 2024 to 2031 Segments Covered By Type, By Metal, By End Use Geography Covered North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa

Published:Feb-2025
Synchronous Motors Market Outlook Report

The synchronous motors market is experiencing a surge, driven by a growing demand for high-performance and energy-efficient motors across diverse industries, fueled by a shift towards sustainable technologies and the pursuit of greater precision and efficiency in industrial applications. These advanced motors, known for their precise speed control, high power density, and ability to operate at variable speeds, are revolutionizing the way we power machinery and equipment, contributing to increased productivity, reduced energy consumption, and a more sustainable future. The market has witnessed significant developments in 2024, fueled by the increasing adoption of synchronous motors in a wider range of applications, particularly in the fields of renewable energy, electric vehicles, industrial automation, and aerospace. This trend is particularly evident in industries seeking to optimize performance, reduce energy costs, and improve operational efficiency. This positive momentum is expected to continue into 2025, with a growing emphasis on the development of more advanced synchronous motors that offer enhanced efficiency, improved controllability, and reduced operating costs. The comprehensive Synchronous Motors market research report delivers essential insights into current trends that are shaping the industry, along with prescriptive analyses to capitalize on the market’s future growth opportunities. This report is an indispensable tool for decision-makers, offering a thorough understanding of the Synchronous Motors market dynamics - from raw material sourcing to end-use applications. It also addresses competitive pressures from substitutes and alternative products and enables you to formulate winning strategies. Synchronous Motors Market Revenue, Prospective Segments, Potential Countries, Data and Forecast The research estimates global Synchronous Motors market revenues in 2024, considering the Synchronous Motors market prices, Synchronous Motors production, supply, demand, and Synchronous Motors trade and logistics across regions. Detailed market share statistics, penetration, and shifts in demand for different types, applications, and geographies in the Synchronous Motors market from 2023 to 2032 are included in the thorough research. The report covers North America, Europe, Asia Pacific, Middle East, Africa, and LATAM/South and Central America Synchronous Motors market statistics, along with Synchronous Motors CAGR Market Growth Rates from 2024 to 2032 will provide a deep understanding and projection of the market. The Synchronous Motors market is further split by key product types, dominant applications, and leading end users of Synchronous Motors. The future of the Synchronous Motors market in 27 key countries around the world is elaborated to enable an in-depth geographical understanding of the Synchronous Motors industry. The research considered 2019, 2020, 2021, and 2022 as historical years, 2023 as the base year, and 2024 as the estimated year, with an outlook to 2032. The report identifies the most prospective type of Synchronous Motors market, leading products, and dominant end uses of the Synchronous Motors Market in each region. Synchronous Motors Market Structure, Competitive Intelligence and Key Winning Strategies The synchronous motors market is characterized by a mix of established motor manufacturers, specialized motor design companies, and emerging technology providers. Key players are focusing on developing innovative technologies, expanding their product portfolios, and forging strategic partnerships. Some key strategies include: Technological Innovation: Companies are investing heavily in research and development to create new and innovative synchronous motor designs, develop advanced manufacturing processes, and explore novel applications. Product Differentiation: Companies are differentiating their offerings by focusing on specific performance requirements and market niches, such as high-efficiency motors, high-torque motors, or specialized motors for specific industries. Market Expansion: Companies are expanding their market reach by targeting new industries and emerging applications, such as renewable energy, electric vehicles, and industrial automation. Strategic Partnerships: Collaborations with research institutions, universities, and other industry players are essential for driving innovation and promoting the adoption of advanced synchronous motors. Synchronous Motors Market Dynamics and Future Analytics The research analyses the Synchronous Motors parent market, derived market, intermediaries’ market, raw material market, and substitute market are all evaluated to better prospect the Synchronous Motors market outlook. Geopolitical analysis, demographic analysis, and Porter’s five forces analysis are prudently assessed to estimate the best Synchronous Motors market projections. Recent deals and developments are considered for their potential impact on Synchronous Motors's future business. Other metrics analyzed include the Threat of New Entrants, Threat of New Substitutes, Product Differentiation, Degree of Competition, Number of Suppliers, Distribution Channel, Capital Needed, Entry Barriers, Govt. Regulations, Beneficial Alternative, and Cost of Substitute in Synchronous Motors market. Synchronous Motors trade and price analysis helps comprehend Synchronous Motors's international market scenario with top exporters/suppliers and top importers/customer information. The data and analysis assist our clients in planning procurement, identifying potential vendors/clients to associate with, understanding Synchronous Motors price trends and patterns, and exploring new Synchronous Motors sales channels. The research will be updated to the latest month to include the impact of the latest developments such as the Russia-Ukraine war on the Synchronous Motors market.

Published:Feb-2025
Forging And Stamping Market Analysis and Outlook Report: Industry Size, Share, Growth Trends, and Forecast (2025-2032)

The forging and stamping industries are integral components of global manufacturing, providing critical processes for shaping metals into desired forms. Although these techniques have been utilized for centuries, they continue to advance through innovations in materials science, automation, and industrial applications. The global forging and stamping markets serve diverse sectors, including automotive, aerospace, construction, industrial machinery, and consumer goods. Forging is a manufacturing process that involves shaping metal using localized compressive forces, typically delivered through hammering, pressing, or rolling. It is widely regarded as one of the oldest known metalworking processes, dating back to ancient blacksmithing techniques. Modern forging has evolved significantly, incorporating advanced machinery, precision tools, and automation to meet the demands of high-performance industries. The global forging market is characterized by its ability to produce components with superior strength, durability, and structural integrity. These qualities make forged parts essential in industries such as automotive, aerospace, oil and gas, and power generation. Forged components are often used in critical applications where failure could result in catastrophic consequences, such as aircraft landing gear, turbine blades, and automotive crankshafts. Key factors driving the demand for forged products include the increasing production of commercial vehicles, passenger cars, and aircraft. The automotive sector, in particular, remains the largest consumer of forged components, accounting for a significant share of the market. Forged parts are preferred in this industry due to their ability to withstand high stress and fatigue, making them ideal for engine components, transmission systems, and chassis parts. In terms of materials, steel remains the dominant material in forging due to its versatility, strength, and cost-effectiveness. However, there is a growing demand for lightweight materials such as aluminum and titanium, particularly in the aerospace and automotive industries. These materials offer weight reduction benefits without compromising performance, aligning with the trend toward fuel efficiency and sustainability. Geographically, Asia Pacific dominates the forging market, driven by robust industrialization and the presence of major automotive and aerospace hubs in countries like China, India, and Japan. North America and Europe also hold significant market shares, supported by advanced manufacturing capabilities and stringent quality standards. The Middle East and Africa are emerging markets, with growth fueled by investments in infrastructure and energy projects. Surge in Demand for Lightweight and High-Strength Materials: One of the most influential trends in the forging and stamping market is the escalating demand for lightweight yet high-strength materials, particularly from the automotive, aerospace, and defense industries. As manufacturers aim to reduce overall product weight without compromising on structural integrity or safety, materials such as advanced high-strength steels (AHSS), titanium alloys, and aluminum are increasingly favored. This shift is driven largely by regulatory pressures to enhance fuel efficiency and reduce carbon emissions, which in turn motivates OEMs to adopt lightweight components produced through forging and stamping. These advanced materials, while difficult to machine traditionally, are well-suited to hot and cold forging processes that can handle high tensile strength.Expanding Automotive Production and Growing Adoption of EVs: The global shift toward electric vehicles (EVs) and sustained demand for internal combustion engine (ICE) vehicles in emerging markets continues to boost forging and stamping processes, which are essential for manufacturing critical auto components. Forging is widely used for engine parts, gears, and bearings, while stamping is integral to body structures, chassis, and safety components. With automotive OEMs under pressure to improve fuel efficiency, reduce emissions, and optimize performance, lightweight stamped parts made from high-strength steel and aluminum have become increasingly important. Additionally, EV platforms require unique stamped components for battery trays, motor housings, and high-performance suspension systems, all of which intensify the demand for precision forging and stamping operations.

Published:Apr-2025
Resources
Company
Sign up for Offers & Promotions
Company Logo
Copyright © 2025 OG Analysis Limited. All Rights Reserved.

Designed and Developed by Aurora e-Labs