Global Gas Compressors Market Global Development, Industry Trends, Demand and Growth Analysis and Forecasts 2021 to 2030

In a recently published report, Global Gas Compressors Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Gas Compressors Market products.

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It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.

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

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Report Contents Regional AnalysisReport Highlights
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

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Kenneth Research
Email : sales@kennethresearch.com
Phone: +1 313 462 0609

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