IMARC Group has recently released a new research study titled “Gas Compressors Market Report by Compressor Type, End Use Industry and Region 2023-2028”, offers a detailed analysis of the global gas compressors market demand, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.38% during 2023-2028.

Gas compressors play a pivotal role in various industrial sectors, serving as indispensable components for a wide range of applications. These mechanical devices are engineered to increase the pressure of gases, making them essential for transporting, storing, and processing gases efficiently across industries. Gas compressors are available in various types, including reciprocating, rotary screws, and centrifugal compressors, each tailored to specific operational requirements. They are widely used in various industries such as oil and gas, chemical, power generation, and refrigeration.

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Gas Compressors Market Trends:

The increasing global demand for energy, especially in industries like oil and gas, petrochemicals, and power generation, necessitates the use of gas compressors thereby driving its demand in the market. In addition to this, the rise of renewable energy sources, such as wind and solar are used in hydrogen production and storage, which is crucial for balancing the intermittent nature of renewable energy sources and storing excess energy for later use thus favoring the growth of the market.

In line with this, gas compressors are benefiting from technological innovations, including the integration of the Internet of Things (IoT) and data analytics and these advancements improve compressor efficiency, reduce maintenance costs, and enhance overall performance, making them more attractive to businesses seeking operational excellence thus propelling the growth of the market. Furthermore, environmental regulations and sustainability goals are driving the adoption of eco-friendly gas compressors. Moreover, gas pipelines and storage facilities are expanding globally to meet the growing demand for natural gas and this expansion requires reliable gas compression systems to ensure the efficient transportation and storage of gas, thus driving the market for gas compressors.

Competitive Landscape With Key Players:

The competitive landscape of the gas compressors market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Atlas Copco AB

• Siemens AG.

• Hitachi Ltd.

• Ariel Corporation

• Exterran Corporation

• Bauer Compressors Inc.

• Kobelco

• Burckhardt Compression Holding AG

• Gardner Denver Inc.

• General Electric Company

Key Market Segmentation:

The report has segmented the global gas compressors market based on compressor type, end use industry and region.

Breakup by Compressor Type:

• Positive Displacement Compressor

• Dynamic Compressor

Breakup by End Use Industry:

• General Manufacturing

• Construction

• Oil and Gas

• Mining

• Chemicals and Petrochemicals

• Power Generation

• Others

Breakup by Region:

• North America

• Asia-Pacific

• Europe

• Latin America

• Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2831&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)

• Market Outlook (2023-2028)

• Market Trends

• Market Drivers and Success Factors

• Impact of COVID-19

• Value Chain Analysis

• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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