Description
A gas compressor can be defined as a mechanical device that is used to compress the gas by increasing its pressure and reducing its volume. Compression of gas results in its temperature rise. The phenomenon follows Boyle’s law.The gas compressor converts mechanical energy into pneumatic energy with the help of pistons, vanes, and other mechanisms. An air compressor is a distinct type of gas compressor. Compressed air and gas is a source of energy, which finds applications in the manufacturing, petroleum, chemical, power, mining, food and beverage, pharmaceutical, and medical industries.
Market Dynamics
The major factors driving this market are growing need for energy-efficient compressor systems, increased automation in plants,increasing population, technological advancements,growing natural gas preference and need to replace aging infrastructure. Factors such as growing demand for gas from the power sector, expanding city gas distribution infrastructure and continuous capacity additions in petrochemical units will propel the growth further.
Restraints
The major restraining factors for gas compressors market are resistance to new technology adoption, air quality issues,high capital intensiveness, price fluctuations and lack of skilled workforce.
Market Segmentation
The market is segmented on the basis of types of gas compressors:
• Positive displacement compressors with two sub-categories:
• Reciprocating
• Rotary
• Dynamic compressors also with two sub-categories:
• Centrifugal
• Axial
Regional/Geographic Analysis
On the basis of geography, the market is divided intoAmerica, APAC and EMEA. North America is expected to lead the market in coming years owing to the shale boom in this region. The United States is estimated to become the largest market followed by other countries. Countries such as Canada and Gulf of Mexico present a decent market opportunity for vendors and operators. Asia-Pacific is the fastest growing market in thissector and will follow the North America, owing to its ever increasing population. Europe, Africa,South and Central America are too expected to share a decent share of market demand in the coming years.
Key Players
The key market players in the market are –
• Atlas Copco
• GE
• Ingersoll Rand
• Siemens
• Sulzer
• Wuxi Compressor
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage
